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Applied Digital APLD Gain (loss) on extinguishment of debt

Gain (loss) on extinguishment of debt at other companies

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-$21.6M

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$8.31B+115%
Enterprise value$11.85B+158%
P/S14.4×-2.5×

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:GainsLossesOnExtinguishmentOfDebt.

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
Gain on change in fair value of investment (5)(3,305)(6,072)
Loss on conversion of debt33,612
Loss on change in fair value of debt85,439
Loss on extinguishment of debt1,1771,177
Loss on change in fair value of warrants6,4216,421
Net loss before income tax expense(70,558)(35,438)(101,911)(178,410)
Income tax (benefit) expense(2)11721118
Net loss(70,556)(35,555)(101,932)(178,528)

Item 1. Financial Statements

FAQ

What is Applied Digital's gain (loss) on extinguishment of debt?
Applied Digital (APLD) reported gain (loss) on extinguishment of debt of $0 in Q4 2025.
How has Applied Digital's gain (loss) on extinguishment of debt changed year-over-year?
Applied Digital's gain (loss) on extinguishment of debt increased by 100.0% year-over-year, from -$1.18M to $0.
What is the long-term trend for Applied Digital's gain (loss) on extinguishment of debt?
Over 2 years (2022 to 2024), Applied Digital's gain (loss) on extinguishment of debt has grown at a 36.7% compound annual growth rate (CAGR), from -$1.34M to -$2.51M.
What does gain (loss) on extinguishment of debt mean?
Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.

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