---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-013087"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2025-05-30T23:59:59+00:00"
generated_at: "2026-05-20T04:03:52.747634+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Applied Digital classifies Cloud Services Business as held for sale, pro forma shows improved continuing ops net loss

## Summary
- Board approved sale negotiation Feb 2025; segment held for sale as of April 10, 2025.
- Pro forma nine months Feb 2025: removes $71.3M revenue and $55.4M discontinued ops net loss.
- Pro forma FY2024: continuing ops net loss improves from -$149.7M to -$74.4M, removing $75.3M loss.
- Company to report Cloud Services as discontinued operations starting Q4 FY2025.

## SEC filing metadata
- accession: 0001641172-25-013087
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2025-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000164117225013087/0001641172-25-013087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000164117225013087/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-013087
- JSON: https://secwatch.observer/filing/0001641172-25-013087.json
- Plain text: https://secwatch.observer/filing/0001641172-25-013087.txt

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