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Get filing alertsApplied Digital Q1 revenue surges 322% to $341.9M, but net loss widens to $221.0M
Filed October 7, 2026 · Period ending October 7, 2026 · ~1 min read
Key Changes
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high
Revenue jumped 322% year over year to $341.9 million, driven by the HPC Hosting Business.
Exhibit 99.1 view on EDGAR → -
high
Net loss attributable to common stockholders widened to $221.0 million, or $0.76 per share, from $18.5 million a year earlier.
Exhibit 99.1 view on EDGAR → -
high
Adjusted EBITDA rose to $64.4 million from $0.5 million in the prior-year quarter.
Exhibit 99.1 view on EDGAR → -
high
HPC Hosting segment revenue was $262.6 million, including $65.8 million base rent and $183.5 million tenant fit-out services.
Exhibit 99.1 view on EDGAR → -
high
Cash, cash equivalents, and restricted cash totaled $3.7 billion, with $6.4 billion in debt as of August 31, 2026.
Exhibit 99.1 view on EDGAR →
Summary
Applied Digital reported explosive revenue growth for its fiscal first quarter, with total revenue up 322% to $341.9 million, driven by its HPC Hosting Business. The segment contributed $262.6 million, including substantial tenant fit-out services revenue. Adjusted EBITDA also improved dramatically to $64.4 million from $0.5 million a year ago.
However, the company's net loss widened significantly to $221.0 million, or $0.76 per share, compared with a loss of $18.5 million in the prior-year period. The balance sheet shows $3.7 billion in cash and restricted cash against $6.4 billion in debt, reflecting heavy capital deployment for data center construction.
For retail investors, the key tension is between rapid top-line growth and mounting losses, alongside a high debt load. The company is scaling quickly but remains deeply unprofitable on a net basis, and the large debt position warrants attention as the buildout continues.
Section-by-Section Diff
Event · Exhibit 99.1
Applied Digital reports Q1 FY2027 revenue of $341.9M, up 322%, with a $221.0M net loss and $64.4M adjusted EBITDA.
Added in current filing · view on EDGAR →
Revenue from our HPC Hosting business totaled $262.6 million for the quarter, including $65.8 million related to base rent, $183.5 million related to tenant fit-out services, and $13.3 million related to tenant recoveries.
The HPC Hosting Business generated $262.6 million in revenue, with base rent of $65.8 million, tenant fit-out services of $183.5 million, and tenant recoveries of $13.3 million. Segment operating profit was $33.4 million.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 8, 2026 · How we verify