Applied Digital Cash Flow 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
Net Income	-243.74	-231.07	-149.67	-45.61	-47.06	-1.14
Depreciation & Amortization	67.78	97.95	79.36	7.61	1.12	0
Stock-Based Compensation	41.09	22.7	17.36	32.07	12.34	-
Other Adjustments	120.05	144.4	60.68	-0.04	1.26	0.24
Change in Receivables	-34.01	-2.93	-3.77	0.15	-0.23	-
Changes in Accounts Payable	-78.5	-78.26	41.84	-13.75	6.42	0.25
Changes in Accrued Expenses	6.82	-12.13	21.6	7.49	-	-
Changes in Unearned Revenue	-15.59	-43.21	-7.36	71.66	13.4	-
Changes in Other Operating Activities	-18.01	-12.85	-46.25	-0.85	-2.45	-
Operating Cash Flow	-121.54	-115.4	13.79	58.74	-0.87	-0.08
Operating Cash Flow Growth	-	-	-76.52%	-	-	-
Capital Expenditures	-876.23	-681.6	-141.81	-131.28	-54.97	-3.3
Sale of Property, Plant & Equipment	-	25	19.85	-	-	-
Purchases of Investments	-	-4.87	-0.39	-0.81	-	-
Other Investing Activities	-3.37	-6.18	-50.09	-	-	-
Investing Cash Flow	-884.47	-667.65	-172.44	-132.09	-45.87	-3.3
Long-Term Debt Issued	545.15	1,112	144.55	82.15	7.22	-
Long-Term Debt Repaid	-418.53	-418.12	-127.18	-13.39	-0.22	-
Net Long-Term Debt Issued (Repaid)	126.62	693.97	17.37	68.77	7	-
Issuance of Common Stock	-	191.59	130.85	-	40	-
Repurchase of Common Stock	-	-31.34	-	-	-	-
Net Common Stock Issued (Repurchased)	-	160.25	130.85	-	40	-
Issuance of Preferred Stock	312.48	198.21	-	-	34.5	16.5
Net Preferred Stock Issued (Repurchased)	312.48	198.21	-	-	34.5	16.5
Preferred Share Dividends Paid	-4.15	-2.62	-	-	-	-
Other Financing Activities	-63.09	-175.12	-1.47	1.86	-0.31	-1.37
Financing Cash Flow	1,034	874.69	146.76	70.63	81.29	15.14
Net Cash Flow	27.55	91.63	-11.89	-2.73	34.55	11.75
Beginning Cash & Cash Equivalents	86.56	31.69	43.57	46.3	11.75	-
Ending Cash & Cash Equivalents	114.11	123.32	31.69	43.57	46.3	11.75
Free Cash Flow	-997.76	-797.01	-128.02	-72.54	-55.85	-3.39
FCF Margin	-675.51%	-552.73%	-93.70%	-130.96%	-653.25%	-
Free Cash Flow Per Share	-4.38	-3.96	-1.12	-0.77	-0.98	-2.24
Levered Free Cash Flow	-1,035	-269.82	-184.52	-35	-52.46	-3.62
Unlevered Free Cash Flow	-962.24	-746.96	-85.51	-101.53	-57.39	-3.39

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