What is Applied Digital's gain (loss) on conversion of debt?

Applied Digital (APLD) reported gain (loss) on conversion of debt of $0 in Q4 2025.

What does gain (loss) on conversion of debt mean?

The accounting gain or loss triggered when debt is swapped for company stock.

How do you interpret gain (loss) on conversion of debt?

A loss on conversion often reflects a premium paid to retire debt early or a change in equity valuation.

How does gain (loss) on conversion of debt compare across companies?

Specific to companies with convertible debt instruments; indicates active management of the capital structure.

Applied Digital APLD Gain (Loss) On Conversion Of Debt

Gain (Loss) On Conversion Of Debt at other companies

Rivian Automotive, Inc.RIVN

$0+100%

Booking Holdings Inc.BKNG

$0+100%

Rivian Automotive, Inc.RIVN

$0+100%

CopartCPRT

$0-100%

Roivant SciencesROIV

$0-100%

Lumentum Holdings Inc.LITE

$0—

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 apld:GainLossOnConversionOfDebt.

The official record: Applied Digital’s 10-Q, filed April 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Digital's gain (loss) on conversion of debt?: Applied Digital (APLD) reported gain (loss) on conversion of debt of $0 in Q4 2025.
What does gain (loss) on conversion of debt mean?: The accounting gain or loss triggered when debt is swapped for company stock.
How do you interpret gain (loss) on conversion of debt?: A loss on conversion often reflects a premium paid to retire debt early or a change in equity valuation.
How does gain (loss) on conversion of debt compare across companies?: Specific to companies with convertible debt instruments; indicates active management of the capital structure.