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
$52.9M
Gross Profit
$3.8M
Operating Profit
$-18.9M
Net Profit
$-35.6M
Gross Margin
7.1%
Operating Margin
-35.8%
Net Margin
-67.2%
YoY Growth
22.1%
EPS
$-0.16
Financial Flow
Applied Digital Corp. Q3 2025 Financial Summary
Applied Digital Corp. reported revenue of $52.9M (up 22.1% YoY) for Q3 2025, with a net profit of $-35.6M (up 43.4% YoY) (-67.2% margin). Cost of goods sold was $49.1M, operating expenses totaled $22.7M.
Key Financial Metrics
| Total Revenue | $52.9M |
|---|---|
| Net Profit | $-35.6M |
| Gross Margin | 7.1% |
| Operating Margin | -35.8% |
| Report Period | Q3 2025 |
Revenue Breakdown
Applied Digital Corp. Q3 2025 revenue of $52.9M breaks down across 2 segments, led by Datacenter Hosting Business at $35.2M (66.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Datacenter Hosting Business | $35.2M | 66.5% |
| Cloud Services Business | $17.8M | 33.5% |
Applied Digital Corp. Revenue by Segment — Quarterly Trend
Applied Digital Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Datacenter Hosting Business and Cloud Services Business) has evolved quarter over quarter.
| Segment | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Datacenter Hosting Business | — | — | — | $35.2M |
| Cloud Services Business | — | $18.1M | — | $17.8M |
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 |