Applied Digital Income Statement

Financials in millions USD. Fiscal year is June - May.

Millions USD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	147.71	144.19	136.62	55.39	8.55	-
Revenue Growth (YoY)	9.30%	5.54%	146.64%	547.94%	-	-
Cost of Revenue	96	101.45	106.65	44.39	9.51	-
Gross Profit	51.71	42.74	29.97	11	-0.96	-
Selling, General & Admin	97.88	83.07	45.02	53.92	19.94	0.33
Other Operating Expenses	2.26	-23.48	17.8	-	-	-
Operating Income	-48.43	-16.85	-32.85	-42.91	-20.9	-0.33
Interest Expense	-11.38	-14.74	-17.71	-2.01	-0.11	-0.24
Other Non-Operating Income (Expense)	-	-126.65	-23.72	-0.09	-0.94	-
Total Non-Operating Income (Expense)	-11.38	-141.39	-41.43	-2.1	-1.05	-0.24
Pretax Income	-59.81	-158.23	-74.28	-45.01	-21.95	-0.57
Provision for Income Taxes	0.11	0.1	0.1	-0.52	-	-
Net Income	-247.89	-233.68	-149.27	-44.65	-22.98	-0.57
Minority Interest in Earnings	-	-	-0.4	-0.96	-0.01	-
Net Income Attributable to Preferred Dividends	4.15	2.62	-	-	-	-
Earnings From Discontinued Operations	-	-72.73	-75.3	-1.12	-1.04	-
Net Income to Common	-247.89	-233.68	-149.27	-44.65	-22.98	-0.57
Shares Outstanding (Basic)	228	201	114	94	57	2
Shares Outstanding (Diluted)	228	201	114	94	57	2
Shares Change (YoY)	80.66%	76.39%	21.37%	64.52%	3680.20%	-
EPS (Basic)	-1.13	-1.16	-1.31	-0.47	-0.41	-0.38
EPS (Diluted)	-1.13	-1.16	-1.31	-0.47	-0.41	-0.38
Free Cash Flow	-997.76	-797.01	-128.02	-72.54	-55.85	-3.39
Free Cash Flow Per Share	-4.38	-3.96	-1.12	-0.77	-0.98	-2.24
Gross Margin	35.01%	29.64%	21.93%	19.87%	-11.19%	-
Operating Margin	-32.79%	-11.68%	-24.05%	-77.47%	-244.45%	-
Profit Margin	-40.57%	-109.81%	-54.44%	-80.31%	-256.71%	-
FCF Margin	-675.51%	-552.73%	-93.70%	-130.96%	-653.25%	-
EBITDA	19.35	81.1	46.51	-35.3	-19.78	-0.33
EBITDA Margin	13.10%	56.24%	34.04%	-63.72%	-231.35%	-
EBIT	-48.43	-16.85	-32.85	-42.91	-20.9	-0.33
EBIT Margin	-32.79%	-11.68%	-24.05%	-77.47%	-244.45%	-
Effective Tax Rate	-0.18%	-0.06%	-0.13%	1.16%	0.00%	0.00%

Updated Aug 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.