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	Feb '26 Feb 28, 2026	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	355.46	144.19	136.62	55.39	8.55	-
Revenue Growth (YoY)	112.04%	5.54%	146.64%	547.94%	-	-
Cost of Revenue	259.24	101.45	106.65	44.39	9.51	-
Gross Profit	96.22	42.74	29.97	11	-0.96	-
Selling, General & Admin	193.96	83.07	45.02	53.92	19.94	0.33
Other Operating Expenses	62.01	-23.48	17.8	-	-	-
Total Operating Expenses	255.97	59.59	62.82	53.92	19.94	0.33
Operating Income	-159.62	-16.85	-32.85	-42.91	-20.9	-0.33
Interest Expense	-17.54	-14.74	-17.71	-2.01	-0.11	-0.24
Other Non-Operating Income (Expense)	29.79	-126.65	-23.72	-0.09	-0.94	-
Total Non-Operating Income (Expense)	12.25	-141.39	-41.43	-2.1	-1.05	-0.24
Pretax Income	-148.54	-158.23	-74.28	-45.01	-21.95	-0.57
Provision for Income Taxes	0.01	0.1	0.1	-0.52	-0.54	-
Net Income	-192.38	-233.68	-149.27	-44.65	-23.54	-0.57
Minority Interest in Earnings	31.81	-	0.4	0.96	0.01	-
Net Income Attributable to Preferred Dividends	6.11	2.62	-	-	-	-
Earnings From Discontinued Operations	-5.92	-72.73	-75.3	-1.12	-1.04	-
Net Income to Common	-192.38	-233.68	-149.27	-44.65	-23.54	-0.57
Shares Outstanding (Basic)	260	201	114	94	57	9
Shares Outstanding (Diluted)	260	201	114	94	57	9
Shares Change (YoY)	47.30%	76.39%	21.37%	64.52%	530.03%	-
EPS (Basic)	-0.74	-1.16	-1.31	-0.47	-0.41	-0.38
EPS (Diluted)	-0.74	-1.16	-1.31	-0.47	-0.41	-0.38
Shares Outstanding	285.38	224.91	139.05	95.93	97.84	-
Free Cash Flow	-1,811	-797.01	-128.02	-72.54	-55.85	-3.39
Free Cash Flow Per Share	-6.97	-3.96	-1.12	-0.77	-0.98	-0.37
Gross Margin	27.07%	29.64%	21.93%	19.87%	-11.19%	-
Operating Margin	-44.90%	-11.68%	-24.05%	-77.47%	-244.45%	-
Profit Margin	-57.31%	-271.87%	-163.70%	-160.92%	-263.03%	-
FCF Margin	-509.48%	-552.74%	-93.70%	-130.96%	-653.25%	-
EBITDA	-107.66	81.1	46.51	-35.3	-19.78	-0.33
EBITDA Margin	-30.29%	56.24%	34.04%	-63.72%	-231.35%	-
EBIT	-159.62	-16.85	-32.85	-42.91	-20.9	-0.33
EBIT Margin	-44.90%	-11.68%	-24.05%	-77.47%	-244.45%	-
Effective Tax Rate	-0.00%	-0.06%	-0.13%	1.16%	2.46%	0.00%

Updated Apr 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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