Applied Digital Corp.APLDEarnings & Financial Report
BAE Systems Digital Intelligence is an international defence and security technology firm owned by BAE Systems. They specialize in delivering digital solutions that enable rapid, data-driven decision-making. Their services, solutions and products span customers in Law Enforcement, National Security, Government Departments and Government Enterprises, Critical National Infrastructure, Telecommunications, the Military, and Space.
Revenue
$63.9M
Gross Profit
$11.5M
Operating Profit
$-18.6M
Net Profit
$-138.7M
Gross Margin
18.0%
Operating Margin
-29.1%
Net Margin
-217.2%
YoY Growth
51.3%
EPS
$-0.66
Financial Flow
Applied Digital Corp. Q2 2025 Financial Summary
Applied Digital Corp. reported revenue of $63.9M (up 51.3% YoY) for Q2 2025, with a net profit of $-138.7M (down 1217.6% YoY) (-217.2% margin). Cost of goods sold was $52.4M, operating expenses totaled $30.1M.
Key Financial Metrics
| Total Revenue | $63.9M |
|---|---|
| Net Profit | $-138.7M |
| Gross Margin | 18.0% |
| Operating Margin | -29.1% |
| Report Period | Q2 2025 |
Revenue Breakdown
Applied Digital Corp. Q2 2025 revenue of $63.9M breaks down across 2 segments, led by Datacenter Hosting Segment at $36.2M (56.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Datacenter Hosting Segment | $36.2M | 56.6% |
| Cloud Services Segment | $27.7M | 43.4% |
Applied Digital Corp. Annual Revenue by Year
Applied Digital Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $144.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $144.2M |
| 2024 | $165.6M |
| 2023 | $55.4M |
Applied Digital Corp. Quarterly Revenue & Net Profit History
Applied Digital Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 2026 | $126.6M | +98.2% | $-14.4M | -11.4% |
| Q1 2026 | $64.2M | +5.8% | $-16.9M | -26.4% |
| Q4 2025 | $-33.3M | -176.2% | $-52.5M | 157.8% |
| Q3 2025 | $52.9M | +22.1% | $-35.6M | -67.2% |
| Q2 2025 | $63.9M | +51.3% | $-138.7M | -217.2% |
| Q1 2025 | $60.7M | +67.1% | $-4.2M | -7.0% |
| Q4 2024 | $43.7M | +98.3% | $-64.5M | -147.5% |
| Q3 2024 | $43.3M | +207.7% | $-62.8M | -145.0% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.3M | $43.7M | $60.7M | $63.9M | $52.9M | $-33.3M | $64.2M | $126.6M |
| YoY Growth | 207.7% | 98.3% | 67.1% | 51.3% | 22.1% | -176.2% | 5.8% | 98.2% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $643.2M | $762.9M | $937.7M | $1.54B | $1.71B | $1.87B | $2.40B | $5.23B |
| Liabilities | $524.7M | $638.0M | $640.6M | $1.05B | $1.21B | $1.24B | $1.29B | $3.16B |
| Equity | $118.5M | $124.8M | $241.8M | $434.6M | $454.6M | $497.7M | $1.04B | $1.45B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $38.8M | $-34.1M | $-75.9M | $-52.3M | $5.9M | $6.9M | $-82.0M | $-15.8M |