Short answer
Applied Digital Corp. (APLD) filed its Q3 2025 10-Q quarterly report on Oct 9, 2025 for the quarter ended Aug 31, 2025. Quarterly revenue was $64M (up 5.8% year over year) with net income of −$19M.
Q3 2025 key financials · XBRL
- Revenue
- $64M
- +5.8% YoY
- Net income
- −$19M
- −331.2% YoY
- Operating margin
- -34.7%
- EPS (diluted)
- −$0.07
- −133.3% YoY
Source: XBRL data from the Applied Digital Corp. (APLD) Q3 2025 10-Q on SEC EDGAR. USD.
Applied Digital Corp. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $64.2M, up 95% YoY from $32.9M
- HPC Hosting best performer, $26.3M tenant fit-out revenue
- Adjusted operating margin (6)% vs 6% YoY; adjusted EBITDA margin 1% vs 18%
- Cloud Services discontinued operations revenue $16.7M
- $196.4M raised through ATM sales; 15.3M shares issued and sold
Risk Factors
- No material risk-factor changes from the May 31, 2025 Form 10-K
- Capital access risk, Series G commitment increased from $450.0 million to $590.0 million
- Dilution risk, Series G preferred shares convertible into common stock
- Project-financing risk, proceeds designated for Polaris Forge I construction in North Dakota
- Financing-cost risk, B. Riley entitled to 2% of gross proceeds
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Applied Digital Corp. quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.