Company research

Applied Digital · APLD

Develops and operates HPC data-center campuses with phased hyperscaler leases.

US exchange

Annual loss —

Business position and research focus

Track delivered critical IT load, lease commencement and project financing at each campus.

Key risks

Signed multi-year lease value is not current revenue; construction delays and funding costs matter.

Business source ↗

Business mapping checked 2026-09-11

Earnings in context

Annual loss · -$184.34M

US GAAP · Consolidated net income · 2025-06-01 — 2026-05-31

Reported net income includes non-operating and one-off items. It does not establish recurring profitability, positive cash flow or an attractive valuation. This is a full fiscal year, not the latest quarter.

Net income source ↗
Period and source details

Published 2026-07-29 · Checked 2026-09-19

us-gaap:ProfitLoss; 2025-06-01 to 2026-05-31; USD; 10-K

Reported revenue · $258.75M

Q4 FY2026 · Company total; not AI-only revenue · Checked 2026-09-18

Quarterly revenue · year-over-year comparison
$51.08M
$258.75M

Company-wide revenue; bars start at zero. Two comparable quarters, not a continuous trend. Dates are period ends; select a date for its source.

Revenue source ↗

GAAP total revenue, including ChronoScale; not the $240.4m adjusted revenue. Tenant fit-out services contributed approximately $152.4m, so the total is not recurring data-center rent.

Revenue and net income may refer to different reporting periods. Read each period before comparing them; these are dated disclosures, not a live earnings feed.

Company information reflects the sources and dates shown. It is not personalized investment advice. Methodology · Suggest a correction

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