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Applied Digital APLD Mining Segment — Cost of Sales

Discontinued — last reported Q3 '23

Similar metrics at other companies

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CORZMining Segment — Cost of revenue, depreciation expense
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CORZMining Segment — Gross Profit
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CDEOperating Segments — Cost Of Goods Sold
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CDEProduct — Costs applicable to sales
$330.01M+61.6%

Other financials

Income statement

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Revenue$126.6M+139%
Gross profit$53.8M+1,323%
Operating income-$85.7M-352%
Net income-$70.6M-98.4%
EPS (diluted)-$0.36-125%

Balance sheet

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Cash & equivalents$2.1B+707%
Total debt$2.8B+525%
Total equity$1.6B+248%
Total assets$6.2B+266%

Cash flow

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Operating cash flow-$15.8M+69.7%
CapEx$775.2M+201%
Free cash flow-$720.2M-186%

Valuation

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Market cap$13.31B+328%
Enterprise value$13.99B+322%
P/S39.4×+17.0×

Profitability

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Gross margin34.4%+5.9pp
Operating margin-44.2%
Net margin-45.7%-19.4pp
FCF margin-536.3%+40.8pp

Returns & leverage

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Return on equity-15.2%-6.8pp
Debt / equity1.8×+0.8×
Current ratio2.4×+1.7×

Where this comes from

Reported directly by Applied Digital in its filing.

Tagged under the XBRL concept us-gaap:DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold.

The official record: Applied Digital’s 10-Q, filed April 6, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Digital's mining segment — cost of sales?
Applied Digital (APLD) reported mining segment — cost of sales of $0 in Q4 2022.
How has Applied Digital's mining segment — cost of sales changed year-over-year?
Applied Digital's mining segment — cost of sales decreased by 100.0% year-over-year, from $628K to $0.
What does mining segment — cost of sales mean?
The direct costs incurred to generate mining revenue.
How do you interpret mining segment — cost of sales?
An increase relative to revenue suggests margin compression, while a decrease indicates improved operational efficiency or lower energy costs.
How does mining segment — cost of sales compare across companies?
Standard metric for all industrial and technology infrastructure companies to assess direct production costs.