Every material Form 8-K Applied Digital Corp. has filed with the SEC since June 26, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Applied Digital reported fiscal first quarter 2027 results for the period ended August 31, 2026. Revenue rose 322% to $341.9 million, but the net loss attributable to common stockholders widened to $221.0 million, or $0.76 per share, from $18.5 million, or $0.07 per share, a year earlier. The company also reported non-GAAP adjusted net loss of $4.1 million, or $0.01 per diluted share, which excludes its majority-owned ChronoScale subsidiary.
Revenue was $341.9 million, up 322% from the prior year period; adjusted revenue, which excludes ChronoScale, was $300.4 million versus $64.2 million
Net loss attributable to common stockholders was $221.0 million ($0.76 per share), compared with $18.5 million ($0.07 per share) a year earlier
Adjusted EBITDA was $64.4 million versus $0.5 million a year earlier; interest expense rose to $77.4 million
Cash, cash equivalents and restricted cash were $3.7 billion and debt was $6.4 billion as of August 31, 2026
Applied Digital reported fiscal fourth-quarter 2026 revenue of $258.7 million, up 407% from a year earlier, while its net loss from continuing operations was $110.6 million, or $0.39 per share, compared with $53.1 million, or $0.24 per share, a year earlier. The company also reported adjusted net income of $12.9 million, or $0.04 per diluted share, a non-GAAP measure that excludes its majority-owned ChronoScale subsidiary.
Q4 revenue of $258.7 million, with $152.4 million tied to tenant fit-out services for HPC Hosting.
Net loss from continuing operations of $110.6 million ($0.39 per share) versus $53.1 million ($0.24 per share) a year earlier.
Adjusted EBITDA of $42.4 million in the quarter; fiscal 2026 revenue of $611.3 million.
As of May 31, 2026, the company had $4.2 billion in cash and restricted cash and $5.0 billion in debt.
Applied Digital's subsidiary APLD Intermediate HoldCo entered into an incremental agreement that raises the revolving credit commitments under its May 29, 2026 credit agreement to $430.0 million, maturing May 28, 2029. The company also amended its Preferred Equity Purchase Agreement to lift the Series G Convertible Preferred Stock commitment from $1.59 billion to $2.0 billion, adding capacity for future equity issuance to investors.
Secured revolving credit facility increased to $430.0 million, maturing May 28, 2029, with up to $120.0 million more available for a total of $550.0 million
Credit facility priced at Term SOFR plus 2.25% or base rate plus 1.25%, guaranteed by the company and restricted subsidiaries
PEPA Series G Convertible Preferred Stock commitment raised from $1,590,000,000 to $2,000,000,000 under the Sixth Amendment dated June 26, 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Applied Digital Corp. filing is on SEC EDGAR ↗. 8-K briefs of other companies →