APLD · XBRL financial data

Applied Digital financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (APLD's year ends in late May)

In millions of dollars	Q2 FY24Nov 30, 2023	Q3 FY24Feb 29, 2024	Q4 FY24May 31, 2024	Q1 FY25Aug 31, 2024	Q2 FY25Nov 30, 2024	Q3 FY25Feb 28, 2025	Q4 FY25May 31, 2025	Q1 FY26Aug 31, 2025	Q2 FY26Nov 30, 2025	Q3 FY26Feb 28, 2026	Q4 FY26May 31, 2026	Q1 FY27Aug 31, 2026
Revenue	—	—	year only	—	—	—	year only	81	—	—	year only	342
Revenue from contracts with customers	42	43	44*	61	64	53	(33)*	64	127	127	—	263
Cost of revenue	29	47	46*	61	52	49	(61)*	56	101	73	161*	246
Selling, general and administrative	21	30	31*	14	30	23	16*	29	57	80	165*	115
Operating income (loss)	(8)	(56)	(28)*	9	(19)	(19)	11*	(22)	(31)	(86)	(125)*	(62)
Interest income	—	—	—	—	—	—	—	1	—	—	—	36
Interest expense	2	4	18*	7	7	9	(9)*	4	11	(2)	11*	77
Income tax expense (benefit)	0	0	0*	0	0	0	(0)*	0	0	(0)	2*	2
Net income (loss)	(11)	(63)	(64)*	(4)	(139)	—	—	(17)	(14)	—	—	(184)
Earnings per share, basic USD per share	(0.10)	(0.52)	(0.52)*	(0.03)	(0.66)	(0.16)	—	(0.07)	(0.07)	(0.36)	—	(0.82)
Earnings per share, diluted USD per share	(0.10)	(0.52)	(0.52)*	(0.03)	(0.66)	(0.16)	—	(0.07)	(0.07)	(0.36)	—	(0.82)
Weighted average shares, basic millions of shares	110	121	125*	149	210	222	224*	256	277	282	286*	292
Weighted average shares, diluted millions of shares	110	121	125*	149	210	222	224*	256	277	282	286*	292

Fiscal quarters (APLD's year ends in late May)

In millions of dollars	Q2 FY24Nov 30, 2023	Q3 FY24Feb 29, 2024	Q4 FY24May 31, 2024	Q1 FY25Aug 31, 2024	Q2 FY25Nov 30, 2024	Q3 FY25Feb 28, 2025	Q4 FY25May 31, 2025	Q1 FY26Aug 31, 2025	Q2 FY26Nov 30, 2025	Q3 FY26Feb 28, 2026	Q4 FY26May 31, 2026	Q1 FY27Aug 31, 2026
Cash and cash equivalents	9	4	3	58	286	69	42	74	1,913	1,730	1,592	2,950
Accounts receivable	0	0	4	2	12	15	3	29	13	21	56	114
Prepaid and other current assets	2	6	1	2	8	5	9	188	272	479	614	686
Total current assets	36	106	30	84	328	274	431	642	2,717	2,428	4,663	4,082
Property and equipment, net	259	211	340	478	773	1,002	1,276	1,462	2,001	3,012	4,236	6,330
Right-of-use asset	73	95	154	147	141	153	1	1	1	77	77	72
Goodwill	—	—	—	—	—	—	0	—	—	—	55	54
Total assets	481	643	763	938	1,543	1,707	1,870	2,399	5,229	6,247	9,929	11,707
Accounts payable	38	94	116	140	192	171	248	173	93	377	395	337
Accrued liabilities	11	28	26	27	32	19	30	183	207	377	548	850
Total current liabilities	202	349	386	387	424	394	558	985	563	1,019	1,163	1,593
Lease liability, non-current	52	69	110	104	98	105	0	0	0	45	47	42
Total liabilities	325	525	638	641	1,053	1,209	1,236	1,291	3,158	3,679	6,186	7,907
Accumulated deficit	(123)	(186)	(250)	(254)	(393)	(429)	(481)	(498)	(512)	(583)	(662)	(838)
Total stockholders' equity	156	118	125	242	435	455	498	1,044	1,450	1,581	1,717	1,602
Total liabilities and equity	481	643	763	938	1,543	1,707	1,870	2,399	5,229	6,247	9,929	11,707
Common shares outstanding (cover page) millions of shares	122	123	157	215	223	225	262	280	280	286	291	302

Fiscal quarters (APLD's year ends in late May)

In millions of dollars	Q2 FY24Nov 30, 2023	Q3 FY24Feb 29, 2024	Q4 FY24May 31, 2024	Q1 FY25Aug 31, 2024	Q2 FY25Nov 30, 2024	Q3 FY25Feb 28, 2025	Q4 FY25May 31, 2025	Q1 FY26Aug 31, 2025	Q2 FY26Nov 30, 2025	Q3 FY26Feb 28, 2026	Q4 FY26May 31, 2026	Q1 FY27Aug 31, 2026
Net income (loss)	(11)	(63)	(64)*	(4)	(139)	—	—	(17)	(14)	—	—	(184)
Stock-based compensation	5*	3*	4*	(3)	3*	10*	12*	15	29*	50*	125*	66
Depreciation and amortization	13	26	32*	34	26	19	(62)*	4	9	21	34*	42
Net cash from operating activities	5*	39*	(34)*	(76)	(52)*	6*	7*	(82)	(16)*	55*	133*	64
Net cash from investing activities	(25)*	(57)*	(50)*	(33)	(175)*	(258)*	(202)*	(249)	(569)*	(775)*	(1,343)*	(2,083)
Proceeds from issuing common stock	33*	23*	10*	32	160*	0*	0*	196	0*	0*	0*	0
Share repurchases	—	—	year only	—	—	0*	0*	—	—	0*	0*	—
Net cash from financing activities	24*	24*	75*	163	455*	199*	57*	322	2,767*	532*	3,256*	1,543
Net change in cash	3*	6*	(9)*	55	228*	(53)*	(138)*	(9)	2,182*	(188)*	2,046*	(475)

SIC 7374 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7374 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Applied Digital	2,950	263	64	302.4M	Q1 FY27 10-QAug 31, 2026
Confluent	347	315*	42*	not reported	Q4 FY25 10-KDec 31, 2025
Paylocity Holding	272	445*	112*	53.1M	Q4 FY26 10-KJun 30, 2026
Guidewire Software	373	411*	284*	82.0M	Q4 FY26 10-KJul 31, 2026
Match Group	726	891	322*	227.5M	Q3 FY26 10-QSep 30, 2026
Gitlab	226	286	(3.1)*	not reported	Q2 FY27 10-QJul 31, 2026
Light & Wonder	148	828	241*	77.0M	Q2 FY26 10-QJun 30, 2026
Bentley Systems	147	411	72*	not reported	Q2 FY26 10-QJun 30, 2026
Parsons	297	1,651	269*	105.5M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.