Quarterly ResultOct 7, 2026, 05:26 PM
Applied Digital Corp. Revenue Soars to $341.88M, But Net Loss Widens to $237.08M
AI Summary
Applied Digital Corp. reported a substantial increase in revenue to $341.88 million for the three months ended August 31, 2026, up from $80.93 million in the prior year. However, the company's net loss attributable to common stockholders widened significantly to $237.08 million, or $0.82 per share, compared to a loss of $18.50 million, or $0.07 per share, in the same period last year. This widening loss was accompanied by a sharp rise in operating loss to $62.38 million and a significant increase in interest expense to $77.38 million. The company's balance sheet shows a strong increase in cash and equivalents and property and equipment, alongside a notable rise in long-term debt.
Key Highlights
- Applied Digital Corp. reported total revenue of $341.88 million for the three months ended August 31, 2026, a significant increase from $80.93 million in the prior year period.
- Net loss attributable to common stockholders widened to $237.08 million ($0.82 per share) from $18.50 million ($0.07 per share) year-over-year.
- Operating loss increased to $62.38 million from $9.76 million in the same period last year.
- Interest expense surged to $77.38 million from $8.01 million.
- Cash and cash equivalents increased to $2.95 billion as of August 31, 2026, from $1.59 billion as of May 31, 2026.
- Property and equipment, net, grew substantially to $6.33 billion from $4.24 billion.
- Long-term debt increased to $6.26 billion from $4.96 billion.
Price Impact
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