Financials in USD. Standardized financial statements.
A compact view of how Applied Digital Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue? | $215.51M | $136.62M | $55.39M | $8.55M | $0 | $0 |
| Revenue Growth? | +57.7% | +146.6% | +547.9% | 0.0% | 0.0% | 0.0% |
| Cost of Revenue? | $192.81M | $106.65M | $44.39M | $21.89M | $1,000 | $0 |
| Gross Profit? | $22.70M | $29.96M | $11.00M | -$13.34M | -$1,000 | $0 |
| Gross Margin? | +10.5% | +21.9% | +19.9% | -156.1% | 0.0% | 0.0% |
| Operating Expenses? | $94.95M | $45.02M | $55.06M | $7.55M | $331,000 | $0 |
| Operating Income? | -$72.25M | -$15.05M | -$44.05M | -$20.90M | -$332,000 | $0 |
| EBITDA? | -$91.82M | -$34.16M | -$36.88M | -$20.71M | -$331,000 | $0 |
| Income Before Tax | -$203.61M | -$74.28M | -$46.13M | -$21.95M | -$568,000 | -$263,000 |
| Income Tax Expense | $102,000 | $96,000 | -$523,000 | $540,000 | $0 | $0 |
| Net Income? | -$231.06M | -$149.27M | -$44.65M | -$23.52M | -$568,000 | -$263,000 |
| EPS? | $-1.16 | $-1.31 | $-0.48 | $-0.41 | $-0.06 | $-0.17 |
| Diluted EPS? | $-1.16 | $-1.31 | $-0.48 | $-0.41 | $-0.06 | $-0.17 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality