Applied Digital financials
$25.41+3.59%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY26 May 31 | FY25 May 31 | FY24 May 31 | FY23 May 31 | FY22 May 31 |
|---|---|---|---|---|---|
| Revenue | $611.3M | $228.6M | $165.6M | $55.4M | $8.5M |
| Gross profit | $157.7M | $11.8M | $17.2M | $11.0M | -$957.0K |
| Gross margin | 25.8% | 5.2% | 10.4% | 19.9% | −11.2% |
| Operating income | -$174.4M | -$96.1M | -$82.9M | -$42.9M | -$20.9M |
| Net income | -$250.3M | -$233.7M | -$149.3M | -$44.6M | -$23.5M |
| Net margin | −40.9% | −102.2% | −90.2% | −80.6% | −275.1% |
| Diluted EPS | $-0.91 | $-1.16 | $-1.31 | $-0.47 | $-0.41 |
| EBITDA | -$107.0M | $1.9M | -$1.2M | -$35.3M | -$19.8M |
| Operating cash flow | $89.7M | -$115.4M | $13.8M | $58.7M | -$872.0K |
| Free cash flow | -$2.78B | -$797.0M | -$128.0M | -$72.5M | -$55.8M |
| Diluted shares | 275.2M | 201.2M | 114.1M | 94.0M | 57.1M |
Balance sheet
| Period end | May 31 | May 31 | May 31 | May 31 | May 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.59B | $44.0M | $3.3M | $29.0M | $38.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $5.03B | $835.2M | $134.1M | $90.5M | $12.4M |
| Total assets | $9.93B | $1.87B | $762.9M | $264.0M | $120.0M |
| Total liabilities | $6.19B | $1.24B | $638.0M | $194.3M | $40.7M |
| Shareholders' equity | $1.79B | $633.7M | $124.8M | $69.7M | $79.2M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology