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AI brief of an SEC Form 8-K · Applied Digital Corp. (APLD)

Applied Digital revenue rises 322% to $341.9 million; net loss widens to $221.0 million

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyApplied Digital Corp. (APLD)
Form8-K, current report
Filed with the SECOct 7, 2026, 4:43 PM ET
Accession number0001144879-26-000057

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 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.