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Applied Digital APLD Net gains (losses) on investments

Net gains (losses) on investments at other companies

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Cipher Digital, Inc.CIFR
-$16.53M
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$6.49M
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
$6.43M+371%
TeraWulf logo
TeraWulfWULF
-$11.06M
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Bit DigitalBTBT
-$1.92K
Iris Energy logo
Iris EnergyIREN
-$23.7M+37.5%

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$8.37B+125%
Enterprise value$11.9B+169%
P/S14.5×-1.7×

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:GainLossOnInvestments.

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 itemFiscal Year Ended / May 31, 2026Fiscal Year Ended / May 31, 2025Fiscal Year Ended / May 31, 2024
Operating loss(236,462)(72,175)(98,338)
Interest expense, net (3)29,51632,13927,517
Gain on change in fair value of derivatives(75,818)
Gain on change in fair value of investments(10,840)
Loss on conversion of debt33,612
Loss on change in fair value of debt85,4397,401
Loss on change in fair value of related party debt8,116
Loss on extinguishment of debt1,177

Item 8. Financial Statements and Supplementary Data

FAQ

What is Applied Digital's net gains (losses) on investments?
Applied Digital (APLD) reported net gains (losses) on investments of $4.77M in Q1 2026.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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