---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-017683"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2025-04-14T23:59:59+00:00"
generated_at: "2026-05-23T15:20:29.512462+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-017683
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2025-04-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000162828025017683/0001628280-25-017683-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000162828025017683/apld-20250414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-017683
- JSON: https://secwatch.observer/filing/0001628280-25-017683.json
- Plain text: https://secwatch.observer/filing/0001628280-25-017683.txt

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