The financials
Applied Digital Corporation by the numbers
Applied Digital Corporation (APLD) reported revenue of $127M in Q3 2026 (quarter ended February 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 2026-Q1 was HPC Hosting Business at $71M, 56% of the disclosed total, just 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 | $71M | 56% |
| Data Center Hosting Business | $38M | 30% |
| Cloud Services Business | $18M | 14% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $126.6M (+0.04%)
Data Center Hosting Business grew +6.8% year on yearCloud Services Business +1.9% year on year
Segment Latestquarter on quarteryear on year
- HPC Hosting Business$71.0M$71.0MQoQ -16%year on year --16%-
- Data Center Hosting Business$37.5M$37.5MQoQ -9.7%year on year +6.8%-9.7%+6.8%
- Cloud Services Business$18.1M$18.1MQoQ -year on year +1.9%-+1.9%
- Datacenter Hosting Business--QoQ -year on year ---
Information Technology Services
Ranks #18 of 37 by Smart Score