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Applied Digital APLD HPC Hosting Business — Cost of revenues

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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 apld:CostOfRevenuesAdjusted.

The source filing: Applied Digital’s 10-K, filed July 29, 2026.

Filed
Jul 29, 2026, 4:07 PM EDT
Fiscal year
FY2026
Accession
0001144879-26-000048
Line itemData Center Hosting BusinessHPC Hosting Business
Data center rental and other revenue$114,702
Total segment revenue154,403385,304
Costs and expenses:
Services cost of revenue102,980258,147
Data center rental and other cost of revenue56,773
Selling, general and administrative2,51630,017
Loss on abandonment of assets5701,240
Total costs and expenses106,066346,177

Item 8. Financial Statements and Supplementary Data

FAQ

What is Applied Digital's HPC hosting business — cost of revenues?
Applied Digital (APLD) reported HPC hosting business — cost of revenues of $113.96M in Q1 2026.
How has Applied Digital's HPC hosting business — cost of revenues changed year-over-year?
Applied Digital's HPC hosting business — cost of revenues increased by 264918.6% year-over-year, from $43K to $113.96M.
What does HPC hosting business — cost of revenues mean?
This includes the direct costs associated with operating the HPC hosting facilities, such as power consumption, facility maintenance, and direct labor. It is a key indicator of the direct efficiency of the hosting operations.

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