| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 126.64 | 0.0% | 139.3% |
| Total Income | 126.64 | 0.0% | 139.3% |
| Expenditure | 212.30 | 34.8% | 195.4% |
| PBT | -70.56 | 165.8% | 99.1% |
| Net Profit | -100.86 | 598.0% | 179.4% |
| OPM | -67.65% | 43.19pp | 31.85pp |
| NPM | -79.65% | 68.23pp | 11.44pp |
| EPS | -0.36 | 414.3% | 125.0% |
Applied Digital Reports Fiscal Third Quarter 2026 Revenue $126.6M, Up 139% YoY, Net Loss $100.9M
09 Apr 2026 · 9 Apr, 1:52 am
Summary
Applied Digital reported fiscal third-quarter 2026 results with revenue of $126.6 million, a 139% increase year-over-year. The company reported a net loss attributable to common stockholders of $100.9 million, down 179% from the prior year. Adjusted EBITDA was $44.1 million.
Key Highlights
- 1
Revenue: $126.6M (up 139% YoY)
- 2
Net Loss: $100.9M (down 179% YoY)
- 3
EPS: -$0.36 (down 125% YoY)
- 4
Adjusted Revenue: $108.6M
- 5
Adjusted Net Income: $33.2M
- 6
Adjusted EBITDA: $44.1M
Management Comments
Wes Cummins
We now operate one of the only 100 MW direct-to-chip liquid-cooled data centers online today, and more importantly, it is fully operational. We believe that's what matters to our customers - turning power into live AI capacity, delivered on time and performing as expected. We are also starting to see the earnings power of our platform come through, with a full quarter of revenue from our first building now recognized. That initial 100 MW represents approximately one-sixth of our contracted capacity and one-tenth of what is operating or under construction, but we believe it begins to show what's possible from here as we continue to bring additional capacity online in the coming quarters
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