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Applied Digital (APLD) Annual Income Statement

Annual · GAAP · USD millions
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By examining income statement figures across successive periods, users can identify shifts in Applied Digital's profitability and expense structure.
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Annual Report, GAAP in USD millions
ITEM 		(May 31 2026)
2026 		(May 31 2025) (May 31 2024) (May 31 2023) (May 31 2022)
Revenues
Service Revenue114.70
Revenue From Contract With Customer Excluding Assessed Tax0.00
Total Revenue611.31
Costs & Expenses
Cost of Goods and Services Sold396.86
Gross Profit0.00
Selling, Administration, Marketing332.10
Depreciation & Amortization122.21
(Gain) Loss Related to Litigation Settlement0.00
Other Operating Expense / -Income0.00
Total operating costs including COS847.77
Operating income / -loss-236.46
Interest Expense0.00
Net Interest Expense / -Income108.66
Extinguishment of Debt0.00
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal27.01
Other loss / -income0.00
Total costs & expenses847.77
Income & Taxes
Income / -loss before income taxes-181.53
Income taxes expenses / -benefit1.79
Income after income taxes-249.24
Net income / -loss of other equity-65.92
Income / -loss from continuing operations-249.24
Discontinued operations-1.02
Non-controlling interests2.67
Preferred dividends65.92
Net income / -loss-184.34
Income / -loss to shareholder-250.26
EBIT-72.87
EBITD-5.48
EBITDA10.41
Earnings Per Share
Basic EPS (excl. extra items)-0.91
Extraordinary items0.00
Basic Net EPS-0.91
Basic shares outstanding (Mill. of Units)275.19
Diluted Net EPS-0.91
Diluted average shares (Mill. of Units)275.19
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About Applied Digital Corp Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: July 29, 2026
  • Original filing: apld-20260531.htm

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.