Applied Digital Corp. (APLD) — Financial statements
Income statement, balance sheet, and cash flow for Applied Digital Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 216↑57.7% | 137↑146.6% | 55↑547.9% | 9 | 0.00 | |
| Cost of Revenue | 193↑80.8% | 107↑140.3% | 44↑102.8% | 22↑2189100.0% | 0.00 | |
| Gross Profit | 23↓24.3% | 30↑172.3% | 11↑182.5% | -13↓1334200.0% | -0.00 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 95↑110.9% | 45↓18.2% | 55↑628.8% | 8↑2182.5% | 0.33 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 95↑110.9% | 45↓18.2% | 55↑628.8% | 8↑2182.5% | 0.33 | |
| Total Costs & Expenses | 288↑89.7% | 152↑52.5% | 99↑237.7% | 29↑8769.6% | 0.33 | |
| Operating Results | ||||||
| Operating Income | -72↓379.9% | -15↑65.8% | -44↓110.8% | -21↓6194.6% | -0.33 | |
| Depreciation & Amortization | 84↑289.2% | 21↑195.5% | 7↑548.8% | 1↑111900.0% | 0.00 | |
| EBITDA | -92↓168.8% | -34↑7.4% | -37↓78.1% | -21↓6158.0% | -0.33 | |
| EBIT | -175↓215.3% | -56↓26.0% | -44↓102.2% | -22↓6476.5% | -0.33 | |
| Interest & Other Income | ||||||
| Net Interest Income | -15↑16.8% | -18↓794.3% | -2↓1667.9% | -0.11↑52.5% | -0.24 | |
| Interest Income | 3↑234.8% | 0.93 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 18↓4.2% | 19↑841.4% | 2↑1667.9% | 0.11↓52.5% | 0.24 | |
| Non-Operating Income | 103↑154.2% | 41↑43077.1% | 0.09↓90.0% | 0.94 | 0.00 | |
| Other Income / Expenses | -131↓121.8% | -59↓2755.6% | -2↓97.9% | -1↓344.1% | -0.24 | |
| Income Before Tax | -204↓174.1% | -74↓61.0% | -46↓110.2% | -22↓3763.7% | -0.57 | |
| Income Tax Expense | 0.10↑6.3% | 0.10↑118.4% | -0.52↓196.9% | 0.54 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -204↓173.9% | -74↓63.1% | -46↓102.8% | -22↓3858.8% | -0.57 | |
| Net Income from Discontinued Operations | -27↑63.7% | -75 | 0.00↑100.0% | -1 | 0.00 | |
| Net Income | -231↓54.8% | -149↓234.4% | -45↓89.8% | -24↓4040.8% | -0.57 | |
| Bottom-Line Net Income | -234↓56.5% | -149↓234.4% | -45↓89.8% | -24↓4040.8% | -0.57 | |
| EPS (Basic) | -1.16↑11.5% | -1.31↓172.9% | -0.48↓17.1% | -0.41↓583.3% | -0.06 | |
| EPS (Diluted) | -1.16↑11.5% | -1.31↓172.9% | -0.48↓17.1% | -0.41↓583.3% | -0.06 | |
| Weighted Average Shares | 201↑76.4% | 114↑21.4% | 94↑64.5% | 57↑541.8% | 9 | |
| Weighted Average Diluted Shares | 201↑76.4% | 114↑21.4% | 94↑64.5% | 57↑541.8% | 9 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.