For the quarter ending 2026-02-28, APLD made $126,637K in revenue. -$100,861K in net income. Net profit margin of -79.65%.
| Income Statement | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 |
|---|---|---|---|---|
| Total revenue | 126,637 | 126,589 | 64,216 | -33,300 |
| Cost of revenues | 72,832 | 100,553 | 55,606 | -61,111 |
| Selling, general and administrative | 79,723 | 56,993 | 29,152 | 16,212 |
| Loss (gain) on classification of held for sale | -59,650 | 0 | 0 | 0 |
| Loss on abandonment of assets | -99 | 0 | -1,751 | -369 |
| Loss from legal settlement | - | - | - | 0 |
| Total costs and expenses | 212,304 | 157,546 | 86,509 | -44,530 |
| Operating gain | -85,667 | -30,957 | -22,293 | 11,230 |
| Interest (income) expense, net | -2,387 | 11,484 | 3,946 | 3,685* |
| Gain on change in fair value of derivatives | 9,417 | 13,126 | - | - |
| Gain on change in fair value of investment | 3,305 | 2,767 | - | - |
| Gain on conversion of debt | 0 | 0 | - | 3,682* |
| Gain on change in fair value of debt | 0 | 0 | 0 | 8,201 |
| Loss on change in fair value of related party debt | - | - | - | 0* |
| Gain on extinguishment of debt-Nonrelated Party | - | - | - | 2,354* |
| Loss on extinguishment of debt-Related Party | - | - | - | 0* |
| Loss on change in fair value of warrants-Nonrelated Party | - | - | - | 1,605* |
| Loss on extinguishment of debt | 0 | - | - | - |
| Loss on change in fair value of warrants-Related Party | - | - | - | 0* |
| Loss on change in fair value of warrants | 0 | - | - | - |
| Net gain before income tax expense | -70,558 | -26,548 | -26,239 | 20,177 |
| Income tax (benefit) expense | -2 | 15 | 8 | -16 |
| Net loss from continuing operations | - | -26,563 | -26,247 | -34,354* |
| Revenue | - | 18,402 | 16,718 | 21,094* |
| Cost of revenues | - | 3,044 | 3,365 | 28,826* |
| Selling, general and administrative | - | 616 | 330 | 6,203* |
| Loss on abandonment of assets | - | 0 | -492 | 104* |
| Operating income (loss) from discontinued operations | - | 14,742 | 12,531 | -13,832* |
| Interest expense | - | 2,629 | 3,210 | 4,350* |
| Net income (loss) from discontinued operations before income tax expense | - | 12,113 | 9,321 | -18,182* |
| Income tax expense | - | 0 | 0 | 0* |
| Net (loss) income from discontinued operations | - | 12,113 | 9,321 | -18,182* |
| Net loss | -70,556 | -14,450 | -16,926 | -52,537 |
| Net loss attributable to noncontrolling interest | - | - | - | 0 |
| Net loss attributable to redeemable noncontrolling interest | 28,747 | 3,061 | - | - |
| Preferred dividends | 1,558 | 1,571 | 1,576 | 1,402 |
| Net loss attributable to common stockholders | -100,861 | -19,082 | -18,502 | -53,939 |
| Basic EPS | -0.36 | -0.07 | -0.07 | -0.241 |
| Diluted EPS | -0.36 | -0.07 | -0.07 | -0.241 |
| Basic Average Shares | 281,982,553 | 277,423,733 | 255,892,902 | 223,753,551 |
| Diluted Average Shares | 281,982,553 | 277,423,733 | 255,892,902 | 223,753,551 |
Applied Digital Corp. (APLD)
Applied Digital Corp. (APLD)