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Applied Digital APLD Cloud Services Business — D&A

Other segment segments

HPC Hosting Business
$14.59M+2,055%
Data Center Hosting Business
$2.79M-16.1%

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Other financials

Income statement

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Revenue$258.7M+407%
Gross profit$97.3M-13.3%
Operating income-$124.8M
Net income-$82.4M-56.9%
EPS (diluted)-$0.40-73.9%

Balance sheet

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Cash & equivalents$1.6B+1,191%
Total debt$5.1B+511%
Total equity$1.7B+245%
Total assets$9.9B+431%

Cash flow

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Operating cash flow$132.5M
CapEx$1.3B+550%
Free cash flow-$1.2B-504%

Valuation

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Market cap$8.6B+122%
Enterprise value$12.14B+165%
P/S14.9×-2.0×

Profitability

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Gross margin32.2%-23.4pp
Operating margin-45.8%
Net margin-32%-13.0pp
FCF margin-481.8%+297pp

Returns & leverage

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Return on equity-16.6%-7.3pp
Debt / equity+1.3×
Current ratio+3.7×

Where this comes from

Reported directly by Applied Digital in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The source filing: Applied Digital’s 10-Q, filed April 8, 2026.

Filed
Apr 8, 2026, 4:26 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001144879-26-000030
Line itemThree Months Ended / February 28, 2026Three Months Ended / February 28, 2025Nine Months Ended / February 28, 2026Nine Months Ended / February 28, 2025
Depreciation and amortization:
Data Center Hosting Business$3,363$3,333$10,101$9,990
Cloud Services Business2,28914,4032,28966,355
HPC Hosting Business14,41598219,8283,056
Other (1)746601,334183
Total depreciation and amortization (2)$20,813$18,778$33,552$79,584

Item 1. Financial Statements

FAQ

What is Applied Digital's cloud services business — D&A?
Applied Digital (APLD) reported cloud services business — D&A of $2.29M in Q4 2025.
How has Applied Digital's cloud services business — D&A changed year-over-year?
Applied Digital's cloud services business — D&A decreased by 84.1% year-over-year, from $14.4M to $2.29M.
What does cloud services business — D&A mean?
Represents the non-cash allocation of the cost of tangible and intangible assets over their useful lives within the cloud services segment. Given the hardware-intensive nature of datacenters, this metric is critical for understanding the true cost of asset consumption.

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