Applied Digital Q1 FY2026: revenue $64.2M (+84% YoY), net loss $27.8M; signs 150 MW CoreWeave lease

Applied Digital Corp.

2026-Q1 EPS reported -$0.07 revenue$64,216,000

Revenue $64.2M (+84% YoY); net loss $27.8M vs prior year net income $15.9M; adjusted EBITDA $0.5M (vs $6.3M).
Signed third lease with CoreWeave for additional 150 MW at Polaris Forge 1; total lease revenue ~$11B over ~15 years.
Nearing completion of 100 MW building; began construction on next 150 MW building at Polaris Forge 1 campus.
Post-quarter: drew $112.5M from Macquarie facility, secured $50M for Polaris Forge 2, raised $200M from Series G preferred.
Management targets ~$500M annualized NOI run rate once Polaris Forge 1 fully operational.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.