APLD · XBRL financial data
Applied Digital financial statements, every fiscal year
The same tables from 5 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
CSVFiscal years (APLD's year ends in late May)
| In millions of dollars | May 31, 2022 | May 31, 2023 | May 31, 2024 | May 31, 2025 | May 31, 2026 |
|---|---|---|---|---|---|
| Revenue | — | — | 166 | 229 | 611 |
| Revenue from contracts with customers | 9 | 55 | 166 | 144 | — |
| Cost of revenue | 10 | 44 | 148 | 101 | 397 |
| Gross profit | (1) | 11 | — | — | — |
| Selling, general and administrative | 8 | 55 | 98 | 83 | 332 |
| Operating income (loss) | (21) | (44) | (99) | (17) | (236) |
| Interest expense | 0 | 2 | 27 | 15 | 30 |
| Income tax expense (benefit) | 1 | (1) | 0 | 0 | 2 |
| Net income (loss) | (24) | (45) | (149) | — | — |
| Earnings per share, basic USD per share | (0.41) | (0.49) | (1.31) | (1.16) | (0.91) |
| Earnings per share, diluted USD per share | (0.41) | (0.49) | (1.31) | (1.16) | (0.91) |
| Weighted average shares, basic millions of shares | 57 | 94 | 114 | 201 | 275 |
| Weighted average shares, diluted millions of shares | 57 | 94 | 114 | 201 | 275 |
Balance sheet
CSVFiscal years (APLD's year ends in late May)
| In millions of dollars | May 31, 2022 | May 31, 2023 | May 31, 2024 | May 31, 2025 | May 31, 2026 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 39 | 29 | 3 | 42 | 1,592 |
| Accounts receivable | 0 | 0 | 4 | 3 | 56 |
| Prepaid and other current assets | 1 | 17 | 1 | 9 | 614 |
| Total current assets | 49 | 46 | 30 | 431 | 4,663 |
| Property and equipment, net | 64 | 196 | 340 | 1,276 | 4,236 |
| Right-of-use asset | 1 | 1 | 154 | 1 | 77 |
| Goodwill | — | — | — | 0 | 55 |
| Total assets | 120 | 264 | 763 | 1,870 | 9,929 |
| Accounts payable | — | 6 | 116 | 248 | 395 |
| Accrued liabilities | — | 10 | 26 | 30 | 548 |
| Total current liabilities | 29 | 115 | 386 | 558 | 1,163 |
| Lease liability, non-current | 1 | 1 | 110 | 0 | 47 |
| Total liabilities | 41 | 194 | 638 | 1,236 | 6,186 |
| Accumulated deficit | (56) | (101) | (250) | (481) | (662) |
| Total stockholders' equity | 72 | 60 | 125 | 498 | 1,717 |
| Total liabilities and equity | 120 | 264 | 763 | 1,870 | 9,929 |
| Common shares outstanding (cover page) millions of shares | 94 | 104 | 157 | 262 | 291 |
Cash flows
CSVFiscal years (APLD's year ends in late May)
| In millions of dollars | May 31, 2022 | May 31, 2023 | May 31, 2024 | May 31, 2025 | May 31, 2026 |
|---|---|---|---|---|---|
| Net income (loss) | (24) | (45) | (149) | — | — |
| Stock-based compensation | 12 | 32 | 17 | 23 | 220 |
| Depreciation and amortization | 1 | 7 | 79 | 17 | 67 |
| Net cash from operating activities | (1) | 59 | 14 | (115) | 90 |
| Purchases of property and equipment | 58 | — | — | — | — |
| Net cash from investing activities | (46) | (132) | (172) | (668) | (2,936) |
| Proceeds from issuing common stock | — | 0 | 131 | 192 | 196 |
| Share repurchases | — | 0 | 0 | 31 | 0 |
| Net cash from financing activities | 81 | 71 | 147 | 875 | 6,877 |
| Net change in cash | 35 | (3) | (12) | 92 | 4,030 |
Compare with peers
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 | 10-QAug 31, 2026 |
| Confluent | 347 | 315* | 42* | not reported | 10-KDec 31, 2025 |
| Paylocity Holding | 272 | 445* | 112* | 53.1M | 10-KJun 30, 2026 |
| Guidewire Software | 373 | 411* | 284* | 82.0M | 10-KJul 31, 2026 |
| Match Group | 726 | 891 | 322* | 227.5M | 10-QSep 30, 2026 |
| Gitlab | 226 | 286 | (3.1)* | not reported | 10-QJul 31, 2026 |
| Light & Wonder | 148 | 828 | 241* | 77.0M | 10-QJun 30, 2026 |
| Bentley Systems | 147 | 411 | 72* | not reported | 10-QJun 30, 2026 |
| Parsons | 297 | 1,651 | 269* | 105.5M | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.