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 financial impact of converting debt into company shares.

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

A gain may indicate favorable conversion terms, while a loss often reflects the premium paid to retire debt early or settle obligations through equity.

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

Specific to companies with convertible debt structures; varies based on market price of equity at the time of conversion.

Applied Digital APLD Gain (Loss) On Conversion Of Debt

Gain (Loss) On Conversion Of Debt at other companies

Rivian Automotive, Inc.RIVN

$0+100%

Rivian Automotive, Inc.RIVN

$0+100%

American Homes 4 RentAMH

$2.87M—

Booking Holdings Inc.BKNG

$0+100%

FCF

FirstCash HoldingsFCFS

$0—

SemtechSMTC

$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 financial impact of converting debt into company shares.
How do you interpret gain (loss) on conversion of debt?: A gain may indicate favorable conversion terms, while a loss often reflects the premium paid to retire debt early or settle obligations through equity.
How does gain (loss) on conversion of debt compare across companies?: Specific to companies with convertible debt structures; varies based on market price of equity at the time of conversion.