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.
APLD Q2 2026 Key Financial Metrics
Revenue
$126.6M
Gross Profit
$26.0M
Operating Profit
$-31.0M
Net Profit
$-14.4M
Gross Margin
20.6%
Operating Margin
-24.5%
Net Margin
-11.4%
YoY Growth
98.2%
EPS
$-0.07
Financial Flow
Applied Digital Corp. Q2 2026 Financial Summary
Applied Digital Corp. reported revenue of $126.6M (up 98.2% YoY) for Q2 2026, with a net profit of $-14.4M (up 89.6% YoY) (-11.4% margin). Cost of goods sold was $100.6M, operating expenses totaled $57.0M.
Key Financial Metrics
| Total Revenue | $126.6M |
|---|---|
| Net Profit | $-14.4M |
| Gross Margin | 20.6% |
| Operating Margin | -24.5% |
| Report Period | Q2 2026 |
Revenue Breakdown
Applied Digital Corp. Q2 2026 revenue of $126.6M breaks down across 2 segments, led by HPC Hosting Business at $85.0M (67.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| HPC Hosting Business | $85.0M | 67.1% |
| Data Center Hosting Business | $41.6M | 32.9% |
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 HPC Hosting Business and Data Center Hosting Business) has evolved quarter over quarter.
| Segment | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| HPC Hosting Business | $85.0M | — | — | — |
| Data Center Hosting Business | $41.6M | $37.5M | — | — |
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). Click any linked year to see what changed vs the prior annual report.
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 |