Get notified when APLD files again. Create a free account and we'll email you the moment its next filing is analyzed.

Get filing alerts

Standing Risk Factors

  • Material Weakness (improved) — Previously identified material weakness in internal controls was remediated as of August 31, 2025, and the auditor now issues an unqualified opinion.
  • Auditor Change (unchanged) — CBIZ CPAs P.C. is now the auditor following its acquisition of Marcum LLP's attest business; no disagreements or reportable events disclosed.
NASDAQ: APLD Applied Digital Corp. 10-K

Applied Digital pivots to AI data centers, revenue up 167.5% to $611.3M, but losses widen

Filed July 29, 2026 · Period ending May 31, 2026 · Compared to 10-K Jul 30, 2025 · ~1 min read

Key Changes

  • high

    Revenue surged 167.5% to $611.3M, driven by new HPC data center leases, but operating loss widened and net loss to common was.

    MD&A: Results verify on EDGAR →
  • high

    Contracted lease portfolio now totals across 1,410 MW, with three hyperscaler customers, including a new investment-grade tenant for 300MW at Delta Forge 1.

    Business: Leases verify on EDGAR →
  • high

    Completed separation of cloud business into ChronoScale, retaining ~97% ownership; consolidated results now include ChronoScale, adding complexity and audit risk.

    MD&A: Divestiture verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

Read 3 full reports/month free No card required. Takes 30 seconds.

Want to see a complete report first? Today's free report (P 10-Q) is open in full — no account needed.

Partner

Trade APLD commission-free

Open an account, get a free stock.

Sign up

Investing involves risk. Free stock terms apply.

Was this report useful?
View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Sep 7, 2026 · How we verify