secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2026-04-08T23:59:59+00:00
Accession:  0001144879-26-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000029/0001144879-26-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000029/apld-20260408.htm
  HTML page:      https://secwatch.observer/filing/0001144879-26-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer