Applied Digital Q4 Revenue $258.7M; Secures $20B in New Leases
Applied Digital reported fiscal Q4 2026 revenue of $258.7 million, a 407% increase year-over-year, with a net loss of $110.6 million. For the full fiscal year, revenue reached $611.3 million, up 167%, and net loss was $249.2 million. The company secured three new 15-year take-or-pay leases with a hyperscaler, adding approximately $20 billion in contracted revenue and bringing total contracted critical IT load to 1.4 GW, valued at $36 billion. Applied Digital also completed a $2.15 billion senior secured notes offering and separated its cloud services business into ChronoScale.
Key Highlights
- Secured three new 15-year leases totaling ~$20 billion in contracted revenue.
- Total contracted critical IT load reached 1.4 GW, representing ~$36 billion.
- Q4 2026 revenue increased 407% year-over-year to $258.7 million.
- Q4 2026 net loss was $110.6 million, up 108% year-over-year.
- FY 2026 revenue grew 167% to $611.3 million.
- FY 2026 net loss was $249.2 million, up 7% year-over-year.
- Completed $2.15 billion private offering of 6.750% Senior Secured Notes.
- Separated cloud services business into ChronoScale, retaining 96% ownership.
Price Impact
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