Applied Digital Corporation (APLD)

Applied Digital Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Net Income	-119.47	-231.07	-149.67	-45.61	-47.06	-1.14
Depreciation & Amortization	49.92	97.95	79.36	7.61	1.12	0
Stock-Based Compensation	66.75	22.7	17.36	32.07	12.34	-
Other Adjustments	-44.64	144.4	60.68	-0.04	1.26	0.24
Change in Receivables	-10.01	-2.93	-3.77	0.15	-0.23	-
Changes in Accounts Payable	-154.41	-78.26	41.84	-13.75	6.42	0.25
Changes in Accrued Expenses	11.41	-12.13	21.6	7.49	-	-
Changes in Unearned Revenue	18.38	-43.21	-7.36	71.66	13.4	-
Changes in Other Operating Activities	11.08	-12.85	-46.25	-0.85	-2.45	-
Operating Cash Flow	-85.12	-115.4	13.79	58.74	-0.87	-0.08
Operating Cash Flow Growth	-	-	-76.52%	-	-	-
Capital Expenditures	-1,257	-681.6	-141.81	-131.28	-54.97	-3.3
Sale of Property, Plant & Equipment	-	25	19.85	-	-	-
Purchases of Investments	-11.95	-4.87	-0.39	-0.81	-	-
Other Investing Activities	-0.91	-6.18	-50.09	-	-	-
Investing Cash Flow	-1,279	-667.65	-172.44	-132.09	-45.87	-3.3
Long-Term Debt Issued	2,795	1,112	144.55	82.15	7.22	-
Long-Term Debt Repaid	-722.97	-418.12	-127.18	-13.39	-0.22	-
Net Long-Term Debt Issued (Repaid)	2,072	693.97	17.37	68.77	7	-
Issuance of Common Stock	300.81	191.59	130.85	-	40	-
Repurchase of Common Stock	-	-31.34	-	-	-	-
Net Common Stock Issued (Repurchased)	300.81	160.25	130.85	-	40	-
Issuance of Preferred Stock	721.12	198.21	-	-	34.5	16.5
Repurchase of Preferred Stock	-0.73	-	-	-	-	-
Net Preferred Stock Issued (Repurchased)	720.39	198.21	-	-	34.5	16.5
Preferred Share Dividends Paid	-5.09	-2.62	-	-	-	-
Other Financing Activities	108.78	-175.12	-1.47	1.86	-0.31	-1.37
Financing Cash Flow	3,345	874.69	146.76	70.63	81.29	15.14
Net Cash Flow	1,981	91.63	-11.89	-2.73	34.55	11.75
Free Cash Flow	-1,342	-797.01	-128.02	-72.54	-55.85	-3.39
FCF Margin	-476.46%	-552.73%	-93.70%	-130.96%	-653.25%	-
Free Cash Flow Per Share	-5.48	-3.96	-1.12	-0.77	-0.98	-2.24
Levered Free Cash Flow	518.48	-500.89	-334.19	-80.61	-53.01	-3.62
Unlevered Free Cash Flow	-1,414	-746.96	-85.51	-101.53	-56.87	-3.39

Updated Nov 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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