Applied Digital (APLD) Financials

$7.20 -0.39 (-5.10%)

As of 10:37 AM Eastern

Annual Income Statements for Applied Digital

This table shows Applied Digital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	5/31/2024	5/31/2023	5/31/2022	5/31/2021
Net Income / (Loss) Attributable to Common Shareholders	-149	-45	-24	-0.57
Consolidated Net Income / (Loss)	-150	-46	-24	-0.57
Net Income / (Loss) Continuing Operations	-150	-46	-22	-0.57
Total Pre-Tax Income	-150	-46	-22	-0.57
Total Operating Income	-99	-44	-21	-0.33
Total Gross Profit	17	11	-0.96	0.00
Total Revenue	166	55	8.55	0.00
Operating Revenue	166	55	8.55	0.00
Total Cost of Revenue	148	44	9.51	0.00
Operating Cost of Revenue	148	44	9.51	0.00
Total Operating Expenses	116	55	20	0.33
Selling, General & Admin Expense	98	55	20	0.33
Other Operating Expenses / (Income)	15	0.00	-	0.00
Other Special Charges / (Income)	2.38	0.00	-	-
Total Other Income / (Expense), net	-51	-2.07	-1.05	-0.24
Interest Expense	29	2.07	1.45	0.24
Other Income / (Expense), net	-21	0.00	0.41	0.00
Income Tax Expense	0.10	-0.52	0.54	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.40	-0.96	-0.01	0.00
Basic Earnings per Share	($1.31)	($0.48)	($0.41)	($0.38)
Weighted Average Basic Shares Outstanding	114.06M	93.98M	57.12M	1.51M
Diluted Earnings per Share	($1.31)	($0.48)	($0.41)	($0.38)
Weighted Average Diluted Shares Outstanding	114.06M	93.98M	57.12M	1.51M
Weighted Average Basic & Diluted Shares Outstanding	157.44M	103.95M	94.24M	-

This table shows Applied Digital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-36	-139	-4.29	-64	-63	-11	-11	-6.47	-7.03	-27	-4.53
Consolidated Net Income / (Loss)	-36	-139	-4.25	-64	-63	-11	-12	-6.86	-7.34	-27	-4.66
Net Income / (Loss) Continuing Operations	-36	-139	-4.25	-64	-63	-11	-12	-6.86	-7.34	-27	-4.66
Total Pre-Tax Income	-35	-139	-4.25	-64	-63	-11	-12	-7.10	-7.34	-27	-4.63
Total Operating Income	-19	-19	9.48	-28	-56	-7.91	-7.37	-6.24	-6.99	-27	-4.18
Total Gross Profit	3.78	12	-0.36	-2.59	-3.71	12	11	6.09	3.56	0.53	0.83
Total Revenue	53	64	61	44	43	42	36	22	14	12	6.92
Operating Revenue	53	64	61	44	43	42	36	22	14	12	6.92
Total Cost of Revenue	49	52	61	46	47	30	25	16	11	12	6.09
Operating Cost of Revenue	49	52	61	46	47	30	25	16	11	12	6.09
Total Operating Expenses	23	30	-9.84	26	52	20	18	12	11	27	5.01
Selling, General & Admin Expense	23	30	14	32	30	20	16	14	11	27	5.01
Other Operating Expenses / (Income)	0.00	0.19	-25	-6.31	22	0.00	0.00	-	0.00	-	-
Other Special Charges / (Income)	0.00	0.14	0.63	-	0.00	0.08	2.30	-	0.00	0.00	-
Total Other Income / (Expense), net	-16	-120	-14	-36	-7.02	-2.62	-4.49	-0.86	-0.35	-0.36	-0.45
Interest Expense	10	7.48	7.31	17	4.40	2.62	4.49	0.86	0.35	0.36	0.45
Other Income / (Expense), net	-6.42	-113	-6.42	-19	-2.61	0.00	0.00	-	0.00	-	0.00
Income Tax Expense	0.12	0.00	0.00	0.10	0.00	0.00	0.00	-0.24	0.00	-0.31	0.03
Preferred Stock Dividends Declared	0.54	0.63	0.04	-	-	0.00	0.00	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.00	-	0.00	0.00	-0.40	-0.38	-0.32	-0.13	-0.13
Basic Earnings per Share	($0.16)	($0.66)	($0.03)	($0.58)	($0.52)	($0.10)	($0.11)	($0.07)	($0.07)	($0.28)	($0.05)
Weighted Average Basic Shares Outstanding	222.45M	209.56M	149.01M	114.06M	121.43M	109.66M	100.52M	93.98M	94.12M	93.42M	93.11M
Diluted Earnings per Share	($0.16)	($0.66)	($0.03)	($0.58)	($0.52)	($0.10)	($0.11)	($0.07)	($0.07)	($0.28)	($0.05)
Weighted Average Diluted Shares Outstanding	222.45M	209.56M	149.01M	114.06M	121.43M	109.66M	100.52M	93.98M	94.12M	93.42M	93.11M
Weighted Average Basic & Diluted Shares Outstanding	224.72M	222.90M	215.36M	157.44M	122.74M	122.04M	106.30M	103.95M	94.90M	94.47M	94.24M

This table details how cash moves in and out of Applied Digital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	5/31/2024	5/31/2023	5/31/2022	5/31/2021
Net Change in Cash & Equivalents	-12	-2.73	35	12
Net Cash From Operating Activities	14	59	-0.87	-0.08
Net Cash From Continuing Operating Activities	14	59	9.28	-0.08
Net Income / (Loss) Continuing Operations	-150	-46	-22	-0.57
Consolidated Net Income / (Loss)	-150	-46	-24	-0.57
Depreciation Expense	79	7.61	1.12	0.00
Non-Cash Adjustments To Reconcile Net Income	80	59	23	0.24
Changes in Operating Assets and Liabilities, net	4.10	37	7.83	0.25
Net Cash From Investing Activities	-172	-132	-46	-3.30
Net Cash From Continuing Investing Activities	-172	-132	-55	-3.30
Purchase of Property, Plant & Equipment	-142	-131	-55	-0.02
Purchase of Investments	-0.39	-0.81	0.00	-
Sale of Property, Plant & Equipment	20	0.00	-	-
Sale and/or Maturity of Investments	0.00	0.00	-	-
Other Investing Activities, net	-50	0.00	0.00	-3.28
Net Cash From Financing Activities	147	71	81	15
Net Cash From Continuing Financing Activities	147	71	81	15
Repayment of Debt	-128	-12	0.00	0.00
Repurchase of Common Equity	-0.28	0.00	-7.20	-1.37
Issuance of Debt	145	82	7.32	0.00
Issuance of Common Equity	131	4.15	47	0.00
Other Financing Activities, net	-0.86	-3.52	-0.22	0.00
Cash Interest Paid	18	1.12	0.11	0.24
Cash Income Taxes Paid	0.01	0.00	0.00	0.00

This table details how cash moves in and out of Applied Digital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022	5/31/2022
Net Change in Cash & Equivalents	-53	228	55	-9.29	3.42	-12	22	4.85	-23	-5.47	34
Net Cash From Operating Activities	5.90	-52	-76	-32	4.54	4.52	4.59	26	11	17	-5.10
Net Cash From Continuing Operating Activities	5.90	-52	-76	-32	4.54	4.52	4.59	26	11	17	6.01
Net Income / (Loss) Continuing Operations	-36	-139	-4.25	-64	-11	-12	-6.86	-7.34	-27	-4.66	-4.64
Consolidated Net Income / (Loss)	-36	-139	-4.25	-64	-11	-12	-	-	-27	-4.66	-2.81
Depreciation Expense	19	26	34	32	13	7.86	2.64	1.93	1.57	1.14	0.88
Amortization Expense	9.09	-0.35	2.77	-	0.12	0.24	-	-	-	0.00	-
Non-Cash Adjustments To Reconcile Net Income	23	117	-11	31	6.79	10	32	-11	32	5.26	7.28
Changes in Operating Assets and Liabilities, net	-9.69	-56	-98	-29	-5.26	-2.19	-24	42	3.47	16	2.50
Net Cash From Investing Activities	-258	-175	-33	-52	-25	-41	-36	-26	-39	-32	-10
Net Cash From Continuing Investing Activities	-258	-175	-33	-52	-25	-41	-36	-26	-39	-32	-27
Purchase of Property, Plant & Equipment	-257	-171	-55	-57	-13	-33	-33	-26	-39	-32	-27
Purchase of Investments	-1.08	-1.42	0.00	-	-	-0.39	-0.71	-	-	0.00	-
Other Investing Activities, net	0.43	-2.46	-2.81	-15	-12	-7.56	-	-	-	0.00	-
Net Cash From Financing Activities	199	455	163	75	24	24	52	4.69	5.19	8.91	50
Net Cash From Continuing Financing Activities	199	455	163	75	24	24	52	4.69	5.19	8.91	50
Repayment of Debt	-203	-210	-14	-48	-20	-43	-0.15	-1.59	-1.69	-7.63	-
Repurchase of Preferred Equity	-2.97	-0.50	-5.44	-	-	0.00	-	-	-	-	-
Repurchase of Common Equity	-0.02	-42	-0.04	-0.05	-	0.00	-	-	-	-	-4.28
Payment of Dividends	-0.54	-0.63	-0.04	-	-	0.00	-	-	-	-	-
Issuance of Debt	375	620	117	113	5.98	6.75	57	3.86	6.71	15	7.32
Issuance of Preferred Equity	33	6.36	61	-	-	0.00	-	-	-	-	-
Other Financing Activities, net	-2.97	-78	-26	-0.26	4.85	-4.85	-4.60	0.03	0.17	-0.21	-0.22
Cash Interest Paid	22	28	5.51	8.66	2.53	1.84	0.45	0.41	0.35	0.36	0.11

This table presents Applied Digital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	5/31/2024	5/31/2023	5/31/2022	5/31/2021
Total Assets	763	264	120	15
Total Current Assets	30	46	40	12
Cash & Equivalents	3.34	29	39	12
Restricted Cash	21	15	-	-
Accounts Receivable	3.85	0.08	0.23	0.00
Prepaid Expenses	1.34	2.01	1.34	0.01
Other Current Nonoperating Assets	0.38	0.00	-	-
Plant, Property, & Equipment, net	340	198	64	0.02
Total Noncurrent Assets	392	20	15	3.28
Noncurrent Note & Lease Receivables	219	14	5.30	-
Other Noncurrent Operating Assets	174	5.84	10	3.28
Total Liabilities & Shareholders' Equity	763	264	120	15
Total Liabilities	638	194	41	2.50
Total Current Liabilities	386	115	29	2.50
Short-Term Debt	10	7.95	1.33	2.14
Accounts Payable	116	6.45	13	0.25
Accrued Expenses	26	9.96	-	-
Customer Deposits	15	36	9.52	0.00
Current Deferred Revenue	39	49	3.88	0.00
Other Current Liabilities	178	6.04	1.00	0.00
Total Noncurrent Liabilities	253	79	12	0.00
Long-Term Debt	79	68	5.90	0.00
Other Noncurrent Operating Liabilities	173	10	5.31	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	-	-	15
Total Equity & Noncontrolling Interests	125	70	79	-2.58
Total Preferred & Common Equity	125	60	72	-2.58
Total Common Equity	125	60	72	-7.80
Common Stock	375	160	128	14
Retained Earnings	-250	-101	-56	-22
Treasury Stock	-0.06	-0.06	-0.06	-0.06

This table presents Applied Digital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	2/29/2024	11/30/2023	8/31/2023	2/28/2023	11/30/2022	8/31/2022	2/28/2022
Total Assets	1,707	1,543	938	643	481	349	208	167	146	63
Total Current Assets	274	328	84	106	36	34	24	21	42	19
Cash & Equivalents	69	286	58	4.44	9.22	5.94	23	18	41	12
Accounts Receivable	15	12	2.30	0.23	0.31	0.03	0.08	0.28	0.05	1.04
Prepaid Expenses	5.42	8.50	2.06	6.13	1.52	2.31	1.39	2.40	1.50	2.10
Other Current Assets	185	-	-	-	-	-	-	-	-	-
Other Current Nonoperating Assets	0.00	0.00	0.19	65	-	-	-	-	-	3.57
Plant, Property, & Equipment, net	1,002	773	478	211	259	223	167	133	95	44
Total Noncurrent Assets	431	442	375	326	186	93	16	14	8.45	1.21
Noncurrent Note & Lease Receivables	235	261	201	190	95	56	-	-	-	-
Other Noncurrent Operating Assets	196	181	175	137	90	37	16	14	8.45	1.21
Total Liabilities & Shareholders' Equity	1,707	1,543	938	643	481	349	208	167	146	63
Total Liabilities	1,209	1,053	641	525	325	221	136	95	69	24
Total Current Liabilities	394	424	387	349	202	152	109	70	49	23
Short-Term Debt	10	6.54	6.89	19	9.28	9.16	4.86	4.12	2.59	0.00
Accounts Payable	171	192	140	94	38	16	14	7.47	13	13
Accrued Expenses	19	32	27	28	11	13	-	-	-	-
Customer Deposits	16	16	14	36	41	36	36	25	14	5.65
Current Deferred Revenue	4.88	6.19	17	64	52	52	48	29	17	3.91
Other Current Liabilities	173	172	182	99	52	25	4.19	3.66	1.37	0.23
Total Noncurrent Liabilities	816	628	254	176	123	70	28	25	20	1.33
Long-Term Debt	679	468	106	42	34	35	19	16	12	-
Other Noncurrent Operating Liabilities	137	160	148	133	89	35	8.49	8.63	5.62	1.06
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	43	56	55	-	-	-	-	-	-	48
Total Equity & Noncontrolling Interests	455	435	242	118	156	128	71	72	77	-8.61
Total Preferred & Common Equity	455	435	242	118	156	128	61	64	68	-8.61
Total Common Equity	455	435	242	118	156	128	61	64	68	-8.61
Common Stock	915	859	496	304	278	240	155	151	129	44
Retained Earnings	-429	-393	-254	-186	-123	-112	-94	-87	-61	-53
Treasury Stock	-31	-31	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06

This table displays calculated financial ratios and metrics derived from Applied Digital's official financial filings.

Metric	2024	2023	2022	2021
Period end date	5/31/2024	5/31/2023	5/31/2022	5/31/2021
Growth Metrics	-	-	-	-
Revenue Growth	198.92%	547.94%	0.00%	0.00%
EBITDA Growth	-12.17%	-88.11%	-5,752.57%	0.00%
EBIT Growth	-172.92%	-114.99%	-6,072.29%	0.00%
NOPAT Growth	-124.77%	-110.81%	-6,194.58%	0.00%
Net Income Growth	-228.18%	-93.82%	-4,042.61%	0.00%
EPS Growth	-172.92%	-17.07%	-7.89%	0.00%
Operating Cash Flow Growth	-76.51%	6,835.67%	-950.60%	0.00%
Free Cash Flow Firm Growth	-82.13%	-44.67%	0.00%	0.00%
Invested Capital Growth	84.63%	115.10%	1,461.32%	0.00%
Revenue Q/Q Growth	0.00%	35.51%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.17%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	-5.15%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	-5.15%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	-9.72%	0.00%	0.00%
EPS Q/Q Growth	0.00%	-20.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	19.76%	-121.04%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	42.03%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	10.41%	19.87%	-11.19%	0.00%
EBITDA Margin	-24.69%	-65.79%	-226.60%	0.00%
Operating Margin	-59.81%	-79.53%	-244.45%	0.00%
EBIT Margin	-72.62%	-79.53%	-239.70%	0.00%
Profit (Net Income) Margin	-90.39%	-82.33%	-275.24%	0.00%
Tax Burden Percent	100.06%	98.87%	107.22%	100.00%
Interest Burden Percent	124.40%	104.71%	107.10%	171.08%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-47.50%	-41.06%	-57.68%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-212.61%	-2,335.93%	-14.33%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-106.39%	-20.19%	6.41%	0.00%
Return on Equity (ROE)	-153.90%	-61.25%	-51.27%	-4.53%
Cash Return on Invested Capital (CROIC)	-106.97%	-114.12%	-233.61%	0.00%
Operating Return on Assets (OROA)	-23.42%	-22.95%	-30.35%	0.00%
Return on Assets (ROA)	-29.15%	-23.76%	-34.85%	0.00%
Return on Common Equity (ROCE)	-145.86%	-54.20%	-36.00%	2.81%
Return on Equity Simple (ROE_SIMPLE)	-119.90%	-76.63%	-32.56%	21.99%
Net Operating Profit after Tax (NOPAT)	-69	-31	-15	-0.23
NOPAT Margin	-41.86%	-55.67%	-171.11%	0.00%
Net Nonoperating Expense Percent (NNEP)	165.11%	2,294.87%	-43.35%	-3.53%
Cost of Revenue to Revenue	89.59%	80.13%	111.19%	0.00%
SG&A Expenses to Revenue	59.47%	99.40%	233.26%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	70.21%	99.40%	233.26%	0.00%
Earnings before Interest and Taxes (EBIT)	-120	-44	-20	-0.33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-41	-36	-19	-0.33
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.32	0.67	0.55	0.00
Price to Tangible Book Value (P/TBV)	0.32	0.67	0.55	0.00
Price to Revenue (P/Rev)	0.24	0.72	4.68	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.55	0.81	0.32	16.62
Enterprise Value to Revenue (EV/Rev)	0.63	1.50	1.80	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.60	1.41	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.72	1.10	0.09	0.17
Long-Term Debt to Equity	0.64	0.98	0.07	0.00
Financial Leverage	0.50	0.01	-0.45	-0.76
Leverage Ratio	5.28	2.58	1.47	1.20
Compound Leverage Factor	6.57	2.70	1.58	2.05
Debt to Total Capital	41.77%	52.31%	8.36%	14.54%
Short-Term Debt to Total Capital	4.70%	5.44%	1.54%	14.54%
Long-Term Debt to Total Capital	37.07%	46.87%	6.82%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	35.53%
Noncontrolling Interests to Total Capital	0.00%	6.96%	8.07%	103.05%
Common Equity to Total Capital	58.23%	40.73%	83.57%	-53.12%
Debt to EBITDA	-2.19	-2.10	-0.37	-6.45
Net Debt to EBITDA	-1.59	-0.90	1.63	29.05
Long-Term Debt to EBITDA	-1.94	-1.88	-0.30	0.00
Debt to NOPAT	-1.29	-2.48	-0.49	-9.19
Net Debt to NOPAT	-0.94	-1.07	2.16	41.37
Long-Term Debt to NOPAT	-1.15	-2.22	-0.40	0.00
Altman Z-Score	-1.28	-1.07	-0.44	8.25
Noncontrolling Interest Sharing Ratio	5.22%	11.51%	29.78%	162.16%
Liquidity Ratios	-	-	-	-
Current Ratio	0.08	0.40	1.39	4.70
Quick Ratio	0.02	0.25	1.35	4.70
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	-156	-86	-59	0.00
Operating Cash Flow to CapEx	11.31%	44.74%	-1.59%	-415.00%
Free Cash Flow to Firm to Interest Expense	-5.32	-41.32	-40.74	0.00
Operating Cash Flow to Interest Expense	0.47	28.32	-0.60	-0.35
Operating Cash Flow Less CapEx to Interest Expense	-3.69	-34.98	-38.41	-0.44
Efficiency Ratios	-	-	-	-
Asset Turnover	0.32	0.29	0.13	0.00
Accounts Receivable Turnover	84.28	358.52	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.61	0.42	0.27	0.00
Accounts Payable Turnover	2.42	4.51	1.41	0.00
Days Sales Outstanding (DSO)	4.33	1.02	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	150.79	81.02	259.35	0.00
Cash Conversion Cycle (CCC)	-146.46	-80.00	-259.35	0.00
Capital & Investment Metrics	-	-	-	-
Invested Capital	189	103	48	3.05
Invested Capital Turnover	1.13	0.74	0.34	0.00
Increase / (Decrease) in Invested Capital	87	55	45	0.00
Enterprise Value (EV)	105	83	15	51
Market Capitalization	40	40	40	40
Book Value per Share	$1.02	$0.63	$0.73	($5.16)
Tangible Book Value per Share	$1.02	$0.63	$0.73	($5.16)
Total Capital	214	146	86	15
Total Debt	90	76	7.23	2.14
Total Long-Term Debt	79	68	5.90	0.00
Net Debt	65	33	-32	-9.62
Capital Expenditures (CapEx)	122	131	55	0.02
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-370	-105	-26	-0.36
Debt-free Net Working Capital (DFNWC)	-345	-62	13	11
Net Working Capital (NWC)	-355	-70	11	9.26
Net Nonoperating Expense (NNE)	80	15	8.90	0.34
Net Nonoperating Obligations (NNO)	64	33	-32	-9.50
Total Depreciation and Amortization (D&A)	79	7.61	1.12	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-223.39%	-190.31%	-305.31%	0.00%
Debt-free Net Working Capital to Revenue	-208.48%	-111.64%	148.52%	0.00%
Net Working Capital to Revenue	-214.57%	-126.00%	132.93%	0.00%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	($1.31)	($0.49)	($0.41)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	114.06M	93.98M	57.12M	0.00
Adjusted Diluted Earnings per Share	($1.31)	($0.49)	($0.41)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	114.06M	93.98M	57.12M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	157.44M	103.95M	94.24M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-68	-31	-15	-0.23
Normalized NOPAT Margin	-40.86%	-55.67%	-171.11%	0.00%
Pre Tax Income Margin	-90.34%	-83.28%	-256.71%	0.00%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	-4.10	-21.24	-14.09	-1.41
NOPAT to Interest Expense	-2.36	-14.87	-10.06	-0.98
EBIT Less CapEx to Interest Expense	-8.26	-84.54	-51.90	-1.49
NOPAT Less CapEx to Interest Expense	-6.52	-78.17	-47.87	-1.07
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.19%	0.00%	-30.61%	-240.32%

This table displays calculated financial ratios and metrics derived from Applied Digital's official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.08%	51.34%	67.12%	98.30%	207.65%	242.00%	424.60%	192.94%	1,273.29%	0.00%	0.00%
EBITDA Growth	107.95%	-2,431.55%	5,422.15%	-1,213.05%	-1,054.37%	122.40%	123.91%	-23.27%	-123.09%	-2,027.86%	76.60%
EBIT Growth	56.32%	-1,558.78%	141.54%	-657.36%	-736.09%	70.36%	-76.39%	-64.23%	-199.06%	-1,870.33%	67.86%
NOPAT Growth	65.84%	-135.28%	228.71%	-356.91%	-698.71%	70.36%	-76.39%	-52.74%	-189.16%	-1,870.33%	67.96%
Net Income Growth	43.42%	-1,217.56%	64.17%	-840.05%	-755.99%	60.64%	-154.43%	-143.38%	-13.90%	-15,543.27%	66.95%
EPS Growth	69.23%	-560.00%	72.73%	-625.00%	-642.86%	64.29%	-120.00%	-450.00%	41.67%	0.00%	83.87%
Operating Cash Flow Growth	-83.75%	0.00%	-1,780.10%	-787.08%	0.00%	-57.52%	-73.88%	190.02%	1,281.47%	183.50%	1,305.16%
Free Cash Flow Firm Growth	-1,766.85%	-433.74%	-92.37%	-116.09%	-5.28%	-2.01%	-77.26%	0.00%	-108.92%	0.00%	0.00%
Invested Capital Growth	1,153.59%	301.43%	134.76%	105.45%	23.57%	120.19%	177.31%	115.10%	203.22%	0.00%	0.00%
Revenue Q/Q Growth	-17.14%	5.21%	0.00%	0.81%	2.71%	16.19%	64.82%	56.41%	14.18%	78.22%	-7.96%
EBITDA Q/Q Growth	101.91%	-426.91%	0.00%	51.84%	-1,188.76%	674.28%	120.15%	28.27%	79.86%	-726.37%	-3.89%
EBIT Q/Q Growth	80.67%	-4,387.59%	0.00%	19.25%	-614.88%	-7.38%	-18.00%	10.25%	73.82%	-539.17%	-9.86%
NOPAT Q/Q Growth	-1.76%	-296.30%	0.00%	48.99%	-582.92%	-7.38%	-18.00%	10.25%	73.82%	-539.17%	-2.18%
Net Income Q/Q Growth	74.37%	-3,166.45%	0.00%	-2.57%	-496.81%	11.18%	-72.90%	6.61%	72.56%	-474.16%	-65.39%
EPS Q/Q Growth	75.76%	-2,100.00%	0.00%	-11.54%	-420.00%	9.09%	-57.14%	12.50%	75.00%	-460.00%	-350.00%
Operating Cash Flow Q/Q Growth	111.28%	0.00%	0.00%	-186.94%	0.00%	0.49%	-1.61%	-82.45%	144.88%	-38.22%	439.10%
Free Cash Flow Firm Q/Q Growth	-105.67%	-176.81%	0.00%	-129.13%	41.04%	0.23%	-60.66%	-11.24%	42.77%	-73.37%	0.00%
Invested Capital Q/Q Growth	70.06%	98.96%	0.00%	136.16%	-45.54%	16.36%	37.30%	42.03%	-2.96%	46.54%	6.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.14%	18.02%	-0.59%	-5.92%	-8.57%	29.46%	30.56%	27.63%	25.24%	4.28%	12.00%
EBITDA Margin	4.74%	-205.49%	66.13%	-34.76%	-134.80%	13.34%	2.00%	-16.37%	-35.93%	-203.65%	-43.92%
Operating Margin	-35.79%	-29.15%	15.62%	-64.73%	-128.78%	-18.75%	-20.28%	-28.33%	-49.60%	-216.35%	-60.33%
EBIT Margin	-47.93%	-205.49%	5.04%	-107.29%	-134.80%	-18.75%	-20.28%	-28.33%	-49.60%	-216.35%	-60.33%
Profit (Net Income) Margin	-67.19%	-217.21%	-7.00%	-147.48%	-144.96%	-24.95%	-32.64%	-31.11%	-52.10%	-216.77%	-67.29%
Tax Burden Percent	100.33%	100.00%	100.00%	100.15%	100.00%	100.00%	100.00%	96.58%	100.00%	98.85%	100.69%
Interest Burden Percent	139.72%	105.70%	-138.75%	137.25%	107.54%	133.08%	160.88%	113.69%	105.04%	101.36%	110.77%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-9.18%	0.00%	0.00%	-47.91%	0.00%	-12.63%	-12.57%	-14.63%	-29.57%	-113.24%	-25.74%
ROIC Less NNEP Spread (ROIC-NNEP)	-16.72%	0.00%	0.00%	-123.15%	0.00%	-107.05%	88.11%	-400.83%	3.66%	-778.37%	-12.46%
Return on Net Nonoperating Assets (RNNOA)	-16.04%	0.00%	0.00%	-75.14%	0.00%	-4.97%	-5.72%	-3.46%	-0.49%	-26.22%	4.24%
Return on Equity (ROE)	-25.22%	0.00%	0.00%	-123.05%	0.00%	-17.61%	-18.29%	-18.09%	-30.06%	-139.46%	-21.51%
Cash Return on Invested Capital (CROIC)	-176.98%	0.00%	0.00%	-99.68%	0.00%	-90.64%	-126.88%	-114.12%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-9.02%	0.00%	0.00%	-34.60%	0.00%	-6.63%	-6.95%	-8.18%	-14.96%	-35.94%	-6.40%
Return on Assets (ROA)	-12.64%	0.00%	0.00%	-47.56%	0.00%	-8.83%	-11.18%	-8.98%	-15.71%	-36.01%	-7.14%
Return on Common Equity (ROCE)	-23.45%	0.00%	0.00%	-116.62%	0.00%	-16.95%	-17.53%	-16.01%	-14.18%	-123.06%	-19.10%
Return on Equity Simple (ROE_SIMPLE)	-53.44%	0.00%	0.00%	0.00%	0.00%	-23.50%	-41.27%	0.00%	-68.31%	-64.04%	-20.63%
Net Operating Profit after Tax (NOPAT)	-13	-13	6.64	-20	-39	-5.54	-5.16	-4.37	-4.89	-19	-2.92
NOPAT Margin	-25.06%	-20.40%	10.94%	-45.31%	-90.14%	-13.12%	-14.20%	-19.83%	-34.72%	-151.45%	-42.23%
Net Nonoperating Expense Percent (NNEP)	7.54%	143.36%	47.12%	75.24%	-166.83%	94.42%	-100.68%	386.20%	-33.23%	665.13%	-13.28%
Return On Investment Capital (ROIC_SIMPLE)	-1.16%	-1.43%	-	-9.24%	-	-2.79%	-	-	-	-	-
Cost of Revenue to Revenue	92.86%	81.98%	100.59%	105.92%	108.57%	70.54%	69.44%	72.38%	74.76%	95.72%	88.00%
SG&A Expenses to Revenue	42.94%	46.64%	23.62%	73.24%	70.10%	48.02%	44.52%	63.13%	74.85%	220.63%	72.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.94%	47.16%	-16.21%	58.81%	120.21%	48.21%	50.85%	55.96%	74.85%	220.63%	72.33%
Earnings before Interest and Taxes (EBIT)	-25	-131	3.06	-47	-58	-7.91	-7.37	-6.24	-6.99	-27	-4.18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.51	-131	40	-15	-58	5.63	0.73	-3.61	-5.06	-25	-3.04
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.91	0.09	0.17	3.87	0.34	0.26	0.31	0.67	0.66	0.63	0.59
Price to Tangible Book Value (P/TBV)	3.91	0.09	0.17	3.87	0.34	0.26	0.31	0.67	0.66	0.63	0.59
Price to Revenue (P/Rev)	8.05	0.00	0.00	2.91	0.00	0.35	0.47	0.72	0.98	1.44	2.59
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.18	0.40	0.39	2.70	0.76	0.29	0.38	0.81	0.71	0.68	0.44
Enterprise Value to Revenue (EV/Rev)	11.05	0.00	0.00	3.43	0.00	0.42	0.62	1.50	1.26	1.83	1.45
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	41.23	0.00	1.21	1.15	1.41	1.05	2.05	1.26
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.38	0.97	0.38	0.72	0.52	0.27	0.34	1.10	0.33	0.28	0.19
Long-Term Debt to Equity	1.36	0.95	0.36	0.64	0.36	0.22	0.27	0.98	0.26	0.23	0.16
Financial Leverage	0.96	0.27	0.11	0.61	-0.15	0.05	-0.06	0.01	-0.13	0.03	-0.34
Leverage Ratio	3.81	3.13	3.03	5.28	4.48	2.85	2.42	2.58	2.45	2.33	1.90
Compound Leverage Factor	5.33	3.31	-4.20	7.25	4.82	3.79	3.89	2.93	2.57	2.36	2.10
Debt to Total Capital	58.06%	49.19%	27.57%	41.77%	34.27%	21.56%	25.61%	52.31%	24.94%	22.17%	16.04%
Short-Term Debt to Total Capital	0.85%	0.68%	1.68%	4.70%	10.72%	4.68%	5.33%	5.44%	5.10%	4.46%	2.82%
Long-Term Debt to Total Capital	57.20%	48.52%	25.89%	37.07%	23.55%	16.88%	20.28%	46.87%	19.83%	17.71%	13.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.64%	5.78%	13.48%	0.00%	0.00%	0.00%	0.00%	6.96%	11.09%	9.15%	9.38%
Common Equity to Total Capital	38.30%	45.03%	58.95%	58.23%	65.73%	78.44%	74.39%	40.73%	63.98%	68.68%	74.57%
Debt to EBITDA	-7.73	0.00	0.00	-2.19	0.00	-67.48	-1.32	-2.08	-0.65	-0.61	-1.56
Net Debt to EBITDA	-6.96	0.00	0.00	-2.11	0.00	-12.85	-0.39	-0.89	-0.02	-0.07	2.77
Long-Term Debt to EBITDA	-7.61	0.00	0.00	-1.94	0.00	-52.84	-1.05	-1.86	-0.52	-0.49	-1.29
Debt to NOPAT	-17.47	0.00	0.00	-1.29	0.00	-2.31	-1.40	-2.48	-0.81	-0.78	-1.74
Net Debt to NOPAT	-15.72	0.00	0.00	-1.24	0.00	-0.44	-0.41	-1.07	-0.03	-0.09	3.10
Long-Term Debt to NOPAT	-17.21	0.00	0.00	-1.15	0.00	-1.81	-1.11	-2.22	-0.64	-0.63	-1.44
Altman Z-Score	0.53	0.00	0.00	-0.55	0.00	-0.51	-0.57	-0.60	-0.86	-1.19	-0.27
Noncontrolling Interest Sharing Ratio	7.01%	0.00%	0.00%	5.22%	0.00%	3.72%	4.20%	11.51%	52.82%	11.76%	11.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.70	0.77	0.22	0.08	0.30	0.18	0.22	0.40	0.22	0.30	0.87
Quick Ratio	0.21	0.70	0.16	0.02	0.01	0.05	0.04	0.25	0.21	0.26	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,042	-507	-183	-128	-56	-95	-95	-59	-53	-93	-54
Operating Cash Flow to CapEx	2.29%	0.00%	-254.68%	-84.07%	0.00%	34.29%	13.86%	14.12%	100.99%	27.66%	54.60%
Free Cash Flow to Firm to Interest Expense	-103.47	-67.73	-25.05	-7.32	-12.74	-36.28	-21.22	-69.28	-151.35	-255.72	-119.31
Operating Cash Flow to Interest Expense	0.59	0.00	-10.38	-1.81	0.00	1.73	1.01	5.37	74.33	29.35	38.43
Operating Cash Flow Less CapEx to Interest Expense	-24.97	0.00	-14.46	-3.95	0.00	-3.32	-6.26	-32.65	0.73	-76.78	-31.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.00	0.00	0.32	0.00	0.35	0.34	0.29	0.30	0.17	0.11
Accounts Receivable Turnover	29.80	0.00	0.00	84.28	0.00	393.32	2,202.36	358.52	72.99	100.77	309.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.36	0.00	0.00	0.61	0.00	0.59	0.53	0.43	0.39	0.21	0.16
Accounts Payable Turnover	1.58	0.00	0.00	2.42	0.00	3.50	4.22	4.51	2.65	3.67	1.16
Days Sales Outstanding (DSO)	12.25	0.00	0.00	4.33	0.00	0.93	0.17	1.02	5.00	3.62	1.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	231.07	0.00	0.00	150.79	0.00	104.20	86.41	81.02	137.56	99.50	314.86
Cash Conversion Cycle (CCC)	-218.82	0.00	0.00	-146.46	0.00	-103.27	-86.25	-80.00	-132.56	-95.87	-313.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,118	658	330	211	89	164	141	103	72	74	51
Invested Capital Turnover	0.37	0.00	0.00	1.06	0.00	0.96	0.89	0.74	0.85	0.75	0.61
Increase / (Decrease) in Invested Capital	1,029	494	190	108	17	89	90	55	48	74	51
Enterprise Value (EV)	2,443	263	129	569	68	48	53	83	51	51	22
Market Capitalization	1,780	40	40	482	40	40	40	40	40	40	40
Book Value per Share	$2.04	$2.02	$1.54	$1.02	$0.97	$1.42	$1.23	$0.63	$0.64	$0.67	$0.72
Tangible Book Value per Share	$2.04	$2.02	$1.54	$1.02	$0.97	$1.42	$1.23	$0.63	$0.64	$0.67	$0.72
Total Capital	1,187	965	410	214	180	198	172	146	95	92	92
Total Debt	689	475	113	90	62	43	44	76	24	20	15
Total Long-Term Debt	679	468	106	79	42	34	35	68	19	16	12
Net Debt	620	167	34	86	28	8.15	13	33	0.80	2.42	-26
Capital Expenditures (CapEx)	257	0.00	30	38	0.00	13	33	33	26	39	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-178	-397	-375	-349	-258	-191	-140	-105	-102	-63	-45
Debt-free Net Working Capital (DFNWC)	-109	-89	-296	-345	-224	-157	-109	-62	-79	-45	-3.70
Net Working Capital (NWC)	-119	-96	-303	-355	-243	-166	-118	-70	-84	-49	-6.29
Net Nonoperating Expense (NNE)	22	126	11	45	24	4.99	6.70	2.49	2.45	8.06	1.74
Net Nonoperating Obligations (NNO)	620	167	33	86	-29	8.15	13	33	0.80	2.42	-26
Total Depreciation and Amortization (D&A)	28	0.00	37	32	0.00	14	8.10	2.64	1.93	1.57	1.14
Debt-free, Cash-free Net Working Capital to Revenue	-80.44%	0.00%	0.00%	-210.50%	0.00%	-166.87%	-165.33%	-190.31%	-250.20%	-227.99%	-287.79%
Debt-free Net Working Capital to Revenue	-49.36%	0.00%	0.00%	-208.48%	0.00%	-136.66%	-128.51%	-111.64%	-194.13%	-163.01%	-23.91%
Net Working Capital to Revenue	-53.94%	0.00%	0.00%	-214.57%	0.00%	-144.75%	-139.32%	-126.00%	-206.01%	-177.83%	-40.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.16)	($0.66)	($0.03)	($0.58)	($0.52)	($0.10)	($0.12)	($0.07)	($0.08)	($0.29)	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	222.45M	209.56M	149.01M	114.06M	121.43M	109.66M	100.52M	93.98M	94.12M	93.42M	93.11M
Adjusted Diluted Earnings per Share	($0.16)	($0.66)	($0.03)	($0.58)	($0.52)	($0.10)	($0.12)	($0.07)	($0.08)	($0.29)	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	222.45M	209.56M	149.01M	114.06M	121.43M	109.66M	100.52M	93.98M	94.12M	93.42M	93.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	224.72M	222.90M	215.36M	157.44M	122.74M	122.04M	106.30M	103.95M	94.90M	94.47M	94.24M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-13	7.08	-20	-39	-5.48	-3.55	-4.37	-4.89	-19	-2.92
Normalized NOPAT Margin	-25.06%	-20.25%	11.66%	-45.31%	-90.14%	-12.99%	-9.77%	-19.83%	-34.72%	-151.45%	-42.23%
Pre Tax Income Margin	-66.96%	-217.21%	-7.00%	-147.26%	-144.96%	-24.95%	-32.64%	-32.21%	-52.10%	-219.30%	-66.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.52	-17.54	0.42	-2.68	-13.27	-3.02	-1.64	-7.30	-19.86	-73.35	-9.28
NOPAT to Interest Expense	-1.32	-1.74	0.91	-1.13	-8.87	-2.12	-1.15	-5.11	-13.90	-51.34	-6.50
EBIT Less CapEx to Interest Expense	-28.08	0.00	-3.66	-4.83	0.00	-8.08	-8.91	-45.32	-93.46	-179.48	-79.67
NOPAT Less CapEx to Interest Expense	-26.88	0.00	-3.17	-3.28	0.00	-7.18	-8.41	-43.13	-87.50	-157.47	-76.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-17.14%	0.00%	0.00%	-0.19%	0.00%	0.00%	0.00%	0.00%	-10.29%	0.00%	0.00%

Frequently Asked Questions About Applied Digital's Financials

When does Applied Digital's fiscal year end?

According to the most recent income statement we have on file, Applied Digital's financial year ends in May. Their financial year 2024 ended on May 31, 2024.

How has Applied Digital's net income changed over the last 3 years?

Applied Digital's net income appears to be on an upward trend, with a most recent value of -$149.67 million in 2024, rising from -$568 thousand in 2021. The previous period was -$45.61 million in 2023.

What is Applied Digital's operating income?

Applied Digital's total operating income in 2024 was -$99.02 million, based on the following breakdown:

Total Gross Profit: $17.24 million
Total Operating Expenses: $116.26 million

How has Applied Digital revenue changed over the last 3 years?

Over the last 3 years, Applied Digital's total revenue changed from $0.00 in 2021 to $165.58 million in 2024, a change of 16,557,500,000.0%.

How much debt does Applied Digital have?

Applied Digital's total liabilities were at $638.04 million at the end of 2024, a 228.4% increase from 2023, and a 25,421.5% increase since 2021.

How much cash does Applied Digital have?

In the past 3 years, Applied Digital's cash and equivalents has ranged from $3.34 million in 2024 to $38.80 million in 2022, and is currently $3.34 million as of their latest financial filing in 2024.

How has Applied Digital's book value per share changed over the last 3 years?

Over the last 3 years, Applied Digital's book value per share changed from -5.16 in 2021 to 1.02 in 2024, a change of -119.7%.

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This page (OTCMKTS:APLD) was last updated on 5/29/2025 by MarketBeat.com Staff

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Applied Digital (APLD) Financials

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Applied Digital (APLD) Financials

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