SEC filing · 10-Q

Applied Digital Corp.: Quarterly report

Applied Digital reported rapid revenue expansion from its high-performance computing data centers alongside a wider quarterly net loss.

Filed October 7, 2026 · period ended August 31, 2026

Mixed for the company

What the numbers say

Revenue rose 322% to $341.9M versus the same quarter last year (23% up on the previous quarter); operating margin narrowed from -12.1% to -18.2%; diluted EPS -$0.82 versus -$0.07; cash rose by $1.4B to $2.9B; diluted share count up 14% (dilution).

Compared with the same period a year earlier, from the figures Applied Digital Corp. reported to the SEC.

What happened

Total revenue grew as the HPC Hosting Business brought new capacity online and generated tenant fit-out services revenue.

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Summary generated automatically from the filing text and checked against it: every number above is printed in the document. It describes the filing and is not investment advice. Read the original before relying on it.