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- Asset Impairment (new) — The company recorded a $14.1 million impairment on the Ekso business held for sale, a new charge not present in the prior period.
- Material Weakness (removed) — The prior disclosure of a material weakness and its remediation is absent from the current filing.
Applied Digital revenue surges 322.4% to $341.9M, but net loss widens to $184.1M on expansion costs
Filed October 7, 2026 · Period ending August 31, 2026 · Compared to 10-Q Oct 9, 2025 · ~1 min read
Key Changes
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Cash and liquidity strengthened dramatically: unrestricted cash rose to $2.9B from $73.9M, and operating cash flow turned positive at $63.9M vs -$81.5M.
MD&A: Liquidity & Cash Flow verify on EDGAR → -
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Signed a 15-year hyperscaler lease for 210 MW at Delta Forge 2, representing ~$5.2B in contracted revenue; aggregate contracted IT load now 1,410 MW.
MD&A: Hyperscaler Lease verify on EDGAR → -
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Completed separation of cloud business and consolidation of ChronoScale; legacy Ekso business sold, with a $14.1M impairment recognized.
MD&A: Business Separation verify on EDGAR →
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 7, 2026 · How we verify