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Home›APLD›Financials
Annual statements · SEC XBRL · FY2021 – FY2025

Applied Digital Corp. (APLD) financials

Income statement

Applied Digital Corp. (APLD) income statement, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$0.00$8.55M$55.4M$137M$144M
Revenue growth——547.9%146.6%5.5%
Gross profit$0.00-$957K$11.0M——
Gross margin—-11.2%19.9%——
Operating income-$332K-$20.9M-$42.9M-$32.9M-$16.8M
Operating margin—-244.4%-77.5%-24.0%-11.7%
Net income-$568K-$23.5M-$45.6M-$150M-$231M
Net margin—-275.2%-82.3%-109.6%-160.2%
EPS (diluted)-$0.38-$0.41-$0.47-$1.31-$1.16

Cash flow

Applied Digital Corp. (APLD) cash flow, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Operating cash flow-$83.0K-$872K$58.7M$13.8M-$115M
Capital expenditures$20.0K$55.0M$131M$142M$682M
Free cash flow-$103K-$55.8M-$72.5M-$128M-$797M
Share buybacks——$0.00$0.00$31.3M

Balance sheet

Applied Digital Corp. (APLD) balance sheet, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Cash & equivalents$11.8M$38.8M$29.0M$3.34M$41.6M
Total assets$15.1M$120M$264M$763M$1.87B
Total liabilities$2.50M$40.7M$194M$638M$1.24B
Long-term debt—$7.19M———
Shareholders' equity-$2.58M$72.3M$59.5M$125M$498M
Retained earnings-$21.6M-$56.1M-$101M-$250M-$481M
Shares (wtd avg diluted)1.51M57.1M94.0M114M201M

Every figure is extracted from Applied Digital Corp.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Applied Digital Corp.'s annual revenue?
Applied Digital Corp. (APLD) reported $144M of revenue for fiscal year 2025 — up 5.5% from $137M in FY2024, per its annual report filed with the SEC.
Is Applied Digital Corp. profitable?
Not in FY2025 — APLD reported a net loss of $231M, per SEC filings.
What is Applied Digital Corp.'s free cash flow?
-$797M in FY2025 (operating cash flow -$115M minus $682M of capital expenditures), from the SEC cash-flow statement.
Does APLD pay a dividend?
Applied Digital Corp. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full APLD analysis — verdict, score & filings →Is APLD a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.