---
schema_version: "secwatch.filing_event.v1"
accession: "0001144879-26-000002"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2026-01-07T23:59:59+00:00"
generated_at: "2026-05-16T11:18:52.043838+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Applied Digital Q2 revenue $126.6M (+250% YoY); secures 600MW hyperscaler leases worth ~$16B

## Summary
- Net loss $31.2M ($0.11/sh), down 76% YoY; adjusted net income $0.1M, EBITDA $20.2M.
- Leased 400MW to CoreWeave at Polaris Forge 1 (~$11B revenue) and 200MW to a U.S. hyperscaler at Polaris Forge 2 (~$5B).
- Completed $2.35B senior secured notes at 9.25% due 2030; drew $900M from Macquarie preferred equity facility.
- HPC hosting revenue $85.0M (incl. $73M tenant fit-out); data center hosting $41.6M (+15% YoY).
- Plans to spin out Applied Digital Cloud and merge with EKSO Bionics to form ChronoScale, retaining >80% ownership.

## SEC filing metadata
- accession: 0001144879-26-000002
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2026-01-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000002/0001144879-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000002/apld-20260107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144879-26-000002
- JSON: https://secwatch.observer/filing/0001144879-26-000002.json
- Plain text: https://secwatch.observer/filing/0001144879-26-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.