{"schema_version":"secwatch.filing_event.v1","accession":"0001144879-25-000068","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2025-10-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.887735+00:00","generated_at":"2026-05-17T04:09:23.816999+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Applied Digital Q1 FY2026: revenue $64.2M (+84% YoY), net loss $27.8M; signs 150 MW CoreWeave lease","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001144879-25-000068","json":"https://secwatch.observer/filing/0001144879-25-000068.json","markdown":"https://secwatch.observer/filing/0001144879-25-000068.md","text":"https://secwatch.observer/filing/0001144879-25-000068.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000114487925000068/0001144879-25-000068-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000114487925000068/apld-20251009.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:09:23.816999+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}