Applied Digital Corporation (APLD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3811 TURTLE CREEK BLVD., SUITE 2100 DALLAS, TX 75219 |
| State of Incorp. | NV |
| Fiscal Year End | May 31 |
| Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 8/31/2024 MRQ | 5/31/2024 | 11/30/2023 MRQ | 5/31/2023 | 5/31/2022 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 3,339 | 9,217 | 28,999 | 38,798 | |||
| Cash and cash equivalents | 3,339 | 9,217 | 28,999 | 38,798 | |||
| Restricted cash and investments | 21,349 | 25,416 | 14,575 | ||||
| Receivables | 3,847 | 307 | 82 | 227 | |||
| Disposal group, including discontinued operation | 384 | ||||||
| Deposits current assets | 1,450 | ||||||
| Other undisclosed current assets | 1,343 | 1,517 | 2,103 | 8,837 | |||
| Total current assets: | 30,262 | 36,457 | 45,759 | 49,312 | |||
| Noncurrent Assets | |||||||
| Finance lease, right-of-use asset, after accumulated amortization | 218,683 | 95,199 | 14,303 | 5,298 | |||
| Operating lease, right-of-use asset | 153,611 | 73,373 | 1,290 | 1,110 | |||
| Property, plant and equipment | 340,381 | 258,508 | 195,593 | 64,260 | |||
| Restricted cash and investments | 7,000 | ||||||
| Other undisclosed noncurrent assets | 12,930 | 17,117 | 7,012 | ||||
| Total noncurrent assets: | 732,605 | 444,197 | 218,198 | 70,668 | |||
| TOTAL ASSETS: | 762,867 | 480,654 | 263,957 | 119,980 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 142,399 | 48,800 | 14,776 | 13,244 | |||
| Accounts payable | 116,117 | 38,262 | |||||
| Accrued liabilities | 26,282 | 10,538 | 1,630 | ||||
| Other undisclosed accounts payable and accrued liabilities | 13,146 | 13,244 | |||||
| Deferred revenue | 48,692 | 3,877 | |||||
| Debt | 117,765 | 52,084 | 13,672 | 2,146 | |||
| Other liabilities | 96 | 16 | |||||
| Other undisclosed current liabilities | 125,277 | 101,539 | 38,320 | 9,715 | |||
| Total current liabilities: | 385,537 | 202,423 | 115,460 | 28,998 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 63,288 | 36,748 | 8,334 | 11,207 | |||
| Long-term debt, excluding current maturities | 5,897 | ||||||
| Finance lease, liability | 63,288 | 36,748 | 8,334 | 4,374 | |||
| Liabilities, other than long-term debt | 109,740 | 52,324 | 2,005 | 540 | |||
| Deferred income tax liabilities | 540 | ||||||
| Other liabilities | 1,000 | ||||||
| Operating lease, liability | 109,740 | 52,324 | 1,005 | 936 | |||
| Other undisclosed noncurrent liabilities | 79,472 | 33,501 | 68,479 | ||||
| Total noncurrent liabilities: | 252,500 | 122,573 | 78,818 | 11,747 | |||
| Total liabilities: | 638,037 | 324,996 | 194,278 | 40,745 | |||
| Equity | |||||||
| Equity, attributable to parent | 124,830 | 155,658 | 59,517 | 72,259 | |||
| Common stock | 144 | 123 | 101 | 98 | |||
| Treasury stock, value | (62) | (62) | (62) | (62) | |||
| Additional paid in capital | 374,738 | 278,299 | 160,194 | 128,293 | |||
| Accumulated deficit | (249,990) | (122,702) | (100,716) | (56,070) | |||
| Equity, attributable to noncontrolling interest | 10,162 | 6,976 | |||||
| Total equity: | 124,830 | 155,658 | 69,679 | 79,235 | |||
| Other undisclosed liabilities and equity | |||||||
| TOTAL LIABILITIES AND EQUITY: | 762,867 | 480,654 | 263,957 | 119,980 | |||
Income Statement (P&L) ($ in thousands)
| 8/31/2024 TTM | 5/31/2024 | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | ||
|---|---|---|---|---|---|---|
| Revenues | 165,575 | 114,654 | 55,392 | 8,549 | ||
| Cost of revenue | (148,340) | (80,103) | (44,388) | (9,506) | ||
| Gross profit: | 17,235 | 34,551 | 11,004 | (957) | ||
| Operating expenses | (100,841) | (61,053) | (55,059) | (7,604) | ||
| Other undisclosed operating income (loss) | (15,417) | (12,337) | ||||
| Operating loss: | (99,023) | (26,502) | (44,055) | (20,898) | ||
| Nonoperating expense | (1,239) | (2,074) | (1,048) | |||
| Interest and debt expense | (29,339) | (7,166) | (94) | (1,342) | ||
| Loss from continuing operations before equity method investments, income taxes: | (128,362) | (34,907) | (46,223) | (23,288) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (21,213) | (1,916) | 94 | 1,342 | ||
| Loss from continuing operations before income taxes: | (149,575) | (36,823) | (46,129) | (21,946) | ||
| Income tax expense (benefit) | (96) | 243 | 523 | (540) | ||
| Other undisclosed loss from continuing operations | ||||||
| Loss from continuing operations: | (149,671) | (36,580) | (45,606) | (22,486) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (23,530) | |
| Loss from discontinued operations | (1,044) | |||||
| Net loss: | (149,671) | (36,580) | (45,606) | (23,530) | ||
| Net income attributable to noncontrolling interest | 397 | 1,096 | 960 | 10 | ||
| Net loss attributable to parent: | (149,274) | (35,484) | (44,646) | (23,520) | ||
| Preferred stock dividends and other adjustments | ||||||
| Net loss available to common stockholders, diluted: | (149,274) | (35,484) | (44,646) | (23,520) | ||
Comprehensive Income ($ in thousands)
| 8/31/2024 TTM | 5/31/2024 | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | ||
|---|---|---|---|---|---|---|
| Net loss: | (149,671) | (36,580) | (45,606) | (23,530) | ||
| Comprehensive loss: | (149,671) | (36,580) | (45,606) | (23,530) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 397 | 1,096 | 960 | 10 | ||
| Comprehensive loss, net of tax, attributable to parent: | (149,274) | (35,484) | (44,646) | (23,520) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.