Applied Digital Q3 revenue up 22% to $52.9M, net loss widens; board approves sale of Cloud Services

Applied Digital Corp.

2025-Q3 EPS reported -$0.93 vs consensus -$0.14 ▼ miss (-587.9%)

Revenue $52.9M (+22% YoY); net loss $36.1M ($0.16/sh) vs $62.8M loss prior year.
Adjusted EBITDA positive $10.0M vs loss of $1.3M YoY; adjusted net loss $17.8M ($0.08/sh).
Board approved plan to sell Cloud Services Business on April 10, 2025.
Closed $375M SMBC financing; used proceeds to repay Macquarie promissory note.
Laura Laltrello appointed COO; Ellendale HPC construction on schedule for H2 2025.

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