---
schema_version: "secwatch.filing_event.v1"
accession: "0001144879-26-000029"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2026-04-08T23:59:59+00:00"
generated_at: "2026-05-15T06:52:34.416959+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Applied Digital Q3 revenue surges 139% to $126.6M; adjusted net income $33.2M

## Summary
- Revenue $126.6M, up 139% YoY; net loss $100.9M (-$0.36) due to $59.7M write-down of Cloud Services.
- Adjusted net income $33.2M ($0.09/diluted) vs loss of $2.6M prior year; Adjusted EBITDA $44.1M.
- Subsequent: Completed $2.15B 6.750% Senior Secured Notes due 2031 to fund Polaris Forge 2 campus.
- Broke ground on 430 MW Delta Forge 1 AI Factory; initial ops mid-2027; CoreWeave lease enhancements with $50M LC.
- Data Center Hosting segment operating profit $13.9M on $119.6M assets.

## SEC filing metadata
- accession: 0001144879-26-000029
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2026-04-08T23:59:59+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/1144879/000114487926000029/0001144879-26-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000029/apld-20260408.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144879-26-000029
- JSON: https://secwatch.observer/filing/0001144879-26-000029.json
- Plain text: https://secwatch.observer/filing/0001144879-26-000029.txt

## Key facts
- Earnings Releases
  Applied Digital Corp. reported third fiscal quarter ended February 28, 2026 results: revenue Revenues: $126.6 million, net income Net loss attributable to common stockholders: $100.9 million, EPS Net loss attributable to common stockholders per basic and diluted share: $0.36.
  - Period: third fiscal quarter ended February 28, 2026
  - Revenue: Revenues: $126.6 million
  - Net income: Net loss attributable to common stockholders: $100.9 million
  - EPS: Net loss attributable to common stockholders per basic and diluted share: $0.36
  - Result: reported results
  source text: Fiscal Third Quarter 2026 Financial Highlights • Revenues: $126.6 million, up 139% from the prior year comparable period • Net loss attributable to common stockholders: $100.9 million, down 179% from the prior year comparable period • Net loss attributable to common stockholders per basic and diluted share: $0.36, down 125% from the prior year comparable period
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000029/0001144879-26-000029-index.htm

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