The financials
Applied Digital Corporation by the numbers
Applied Digital Corporation (APLD) reported revenue of $127M in Q3 2026 (quarter ended Feb 28, 2026), up 139% from the same quarter a year earlier. That came with a gross margin of 42% and net loss of $71M. For the full year FY2025, revenue was $144M (+5.5% year on year) and net income −$231M. Its largest segment in Jun 2026 was HPC Hosting Business at $88M, 70% of the disclosed total, well ahead of Data Center Hosting Business at 30%.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $127M | $53M | +139% |
| Gross profit | $54M | $3.8M | +1323% |
| Operating income | −$86M | −$19M | n/a |
| Net income | −$71M | −$36M | n/a |
| Diluted EPS | −$0.36 | −$0.16 | n/a |
| Operating | Revenue | Share |
|---|---|---|
| HPC Hosting Business | $88M | 70% |
| Data Center Hosting Business | $37M | 30% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $125.6M (-0.78%)
Data Center Hosting Business grew -1.8% year on year
Segment Latestquarter on quarteryear on year
- HPC Hosting Business$88.3M$88.3MQoQ +24%year on year -+24%-
- Data Center Hosting Business$37.3M$37.3MQoQ -0.53%year on year -1.8%-0.53%-1.8%
Information Technology Services
Ranks #2 of 28 by Smart Score