Applied Digital Corporation

Latest Results (12.10.2025):

Applied Digital Corporation reported strong financial performance in its Fiscal First Quarter 2026, with revenues increasing by 84% year-over-year to $64.2 million. The company also significantly reduced its net loss attributable to common stockholders by 275%, bringing it down to $27.8 million compared to the prior year’s comparable period.

Revenue Growth

In Fiscal Q1 2026, Applied Digital Corporation achieved total revenues of $64.2 million, marking an 84% increase from $34.8 million in the same quarter of the previous year. This growth was driven by increased capacity across the company’s Data Center Hosting facilities.

Reduction in Net Loss

The company's net loss attributable to common stockholders decreased by 275% to $27.8 million, compared to the prior year’s period. Additionally, the adjusted net loss improved to $7.6 million, reflecting enhanced operational efficiency.

Strategic Lease Agreements

Applied Digital finalized a new 150 MW lease agreement with CoreWeave at its Polaris Forge 1 campus, fully leasing the facility and securing approximately $11 billion in prospective lease revenue over 15-year terms. This strategic move positions the company for substantial expansion in data center capacity.

Capital Raising and Funding

The company drew an initial $112.5 million from its $5 billion preferred equity facility with Macquarie Asset Management to fund upcoming projects, reduce future equity needs, and support the scaling of additional campuses. Additionally, Applied Digital secured $50 million in funding for Polaris Forge 2 and raised an extra $200 million through an expanded Series G Preferred Stock offering.