APLD Applied Digital Corp.

Q4 2025 10-Q
Filed: Jan 8, 2026Period ending Nov 30, 2025
Information Technology
Services-Computer Processing & Data PreparationSEC EDGAR

Applied Digital Corp. (APLD) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Jan 8, 2026 for the fiscal period ending Nov 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q4 2025 10-Q

Management Discussion & Analysis

  • Revenue Data Center Hosting $41.6M (3 months), $79.5M (6 months); HPC Hosting $85.0M (3 months), $111.3M (6 months) ended Nov 30, 2025; discontinued Cloud Services $18.4M (3 months), $35.1M (6 months)
  • No specific YoY revenue comparison or profitability/margin % disclosed in provided text
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Quarterly Financial Summary
XBRL

Revenue

$127M

+98.2% YoY +97.1% QoQ

Net Income

-$14M

+89.6% YoY +14.6% QoQ

Operating Margin

-24.5%

+469bp YoY +1026bp QoQ

Net Margin

-11.4%

+20678bp YoY +1494bp QoQ

ROE

-1.0%

+3107bp YoY

Total Assets

$5.2B

+238.9% YoY

EPS (Diluted)

$-0.07

+90.9% YoY 0.0% QoQ

Operating Cash Flow

-$16M

+69.7% YoY +80.7% QoQ

Source: XBRL data from Applied Digital Corp. Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

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