Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
APLDApplied Digital Corp.
Every company that sells shares in the US files four statements with the SEC. Together they show whether Applied Digital made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Applied Digital filed it, with what each one means in plain English.
As filed with the SEC on Jul 29, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
Out of every $100 of sales
| Line (tap for what it means) | 12 months to May 31, 2026 | 12 months to May 31, 2025 | 12 months to May 31, 2024 |
|---|---|---|---|
| Revenue | |||
| $114.7M | $0 | $0 | |
| $611.3M▲ 167% | $228.6M | $165.6M | |
| Costs and expenses | |||
| $396.9M▲ 83% | $216.8M | $148.3M | |
| $56.8M | $0 | $0 | |
| $332.1M▲ 208% | $107.9M | $97.8M | |
| −$59.6M | $24.6M | −$15.4M | |
| $2.4M▲ 231% | $724.0K | $0 | |
| $0 | $0 | $2.4M | |
| $847.8M▲ 182% | $300.7M | $263.9M | |
| −$236.5M▼ 228% | −$72.2M | −$98.3M | |
| $29.5M▼ 8.2% | $32.1M | $27.5M | |
| −$75.8M | $0 | $0 | |
| −$10.8M | $0 | $0 | |
| $0▼ 100% | $33.6M | $0 | |
| $0▼ 100% | $85.4M | $7.4M | |
| $0 | $0 | $8.1M | |
| $2.2M▼ 66% | $6.4M | $0 | |
| −$181.5M▲ 21% | −$231.0M | −$149.6M | |
| −$1.8M▼ 1652% | −$102.0K | −$96.0K | |
| −$183.3M▲ 21% | −$231.1M | −$149.7M | |
| −$1.0M | $0 | $0 | |
| −$184.3M▲ 20% | −$231.1M | −$149.7M | |
| −$59.7M | $0 | −$397.0K | |
| −$6.3M▼ 139% | −$2.6M | $0 | |
| −$250.3M▼ 7.1% | −$233.7M | −$149.3M | |
| Net loss attributable to common stockholders | |||
| −$249.2M▼ 6.7% | −$233.7M | −$149.3M | |
| −$1.0M | $0 | $0 | |
| −$250.3M▼ 7.1% | −$233.7M | −$149.3M | |
| Basic and diluted net loss per share attributable to common stockholders | |||
| −$0.91▲ 22% | −$1.16 | −$1.31 | |
| −$0.91▲ 22% | −$1.16 | −$1.31 | |
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 | |
| −$0.91▲ 22% | −$1.16 | −$1.31 | |
| −$0.91▲ 22% | −$1.16 | −$1.31 | |
| 275.2M shares▲ 37% | 201.2M shares | 114.1M shares | |
| 275.2M shares▲ 37% | 201.2M shares | 114.1M shares | |
| Nonrelated Party | |||
|---|---|---|---|
| Sales (Services revenue) | $496.6M | $226.6M | $150.8M |
| Debt (Loss on extinguishment of debt) | $0 | $1.2M | $0 |
| Warrants (Loss on change in fair value of warrants) | $2.2M | $6.4M | $0 |
| Related Party | |||
| Sales (Services revenue) | $0 | $1.9M | $14.8M |
| Selling and running costs (SG&A) (Selling, general and administrative) | $300.0K | $300.0K | $600.0K |
| Interest paid on debt (Interest expense, net) | – | – | $5.7M |
| Debt (Loss on extinguishment of debt) | $0 | $0 | $2.5M |
| Warrants (Loss on change in fair value of warrants) | $0 | $0 | $5.7M |
Every line as the company filed it (USD ($), $ in Thousands), shown in full dollars. See this statement on SEC.