The earnings call highlighted significant revenue growth and strategic partnerships, positioning Applied Digital for future expansion. However, challenges in leasing processes, increased expenses, and a notable net loss tempered the overall positive outlook.

Company Guidance

During the Applied Digital earnings call for Q2 2025, CFO Saidal Mohmand provided updated guidance and financial metrics, highlighting significant growth and strategic developments. The company reported a 51% increase in revenues to $63.9 million, driven by the cloud services segment's expansion, which contributed $27.7 million, while the data center hosting segment generated $36.2 million. The cost of revenues rose to $52.4 million, aligning with business growth, while SG&A expenses increased to $29.8 million. Applied Digital experienced a net loss of $138.7 million, or $0.66 per share, largely due to a $25.4 million loss on debt conversion and an $87.2 million fair value adjustment. Adjusted net loss was $12.6 million, or $0.06 per share, and adjusted EBITDA grew by 93% to $21.4 million. The balance sheet showed $314.6 million in cash and equivalents and $479.6 million in debt. The company announced a strategic partnership with Macquarie Asset Management, which includes a $5 billion perpetual preferred equity financing facility to support future growth, specifically earmarking $900 million for the Ellendale campus.

Record Revenue Growth

Revenues for the fiscal second quarter of 2025 were $63.9 million, up 51% over the prior comparable period, driven by growth in the cloud services business.

Strategic Partnership with Macquarie

Applied Digital announced a strategic partnership with Macquarie Asset Management, including a $5 billion perpetual preferred equity financing facility to fund data center projects.

Data Center Hosting Capacity

The company has 286 megawatts of data center capacity fully contracted and operating at full capacity in North Dakota, with strong demand due to Bitcoin reaching $100,000.

Community Impact Recognition

Won the DCD Community Impact Award for initiatives in Ellendale, North Dakota, competing against major players like Google and NTT Data.

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Applied Digital Corporation (APLD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

APLD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2022	2022 (Q3)	-0.09 / -0.05	―	―	―	―
Aug 25, 2022	2022 (Q4)	-0.06 / -0.06	―	―	―	―
Oct 11, 2022	2023 (Q1)	-0.04 / -0.05	-0.264	81.06% (+0.21)	―	―
Jan 09, 2023	2023 (Q2)	-0.06 / -0.29	-0.01	-2800.00% (-0.28)	―	―
Apr 06, 2023	2023 (Q3)	-0.05 / -0.08	-0.05	-60.00% (-0.03)	―
Jul 24, 2023	2023 (Q4)	-0.05 / -0.07	-0.06	-16.67% (-0.01)	―
Oct 09, 2023	2024 (Q1)	-0.04 / -0.10	-0.05	-100.00% (-0.05)	―
Jan 16, 2024	2024 (Q2)	0.07 / -0.10	-0.29	65.52% (+0.19)	―
Apr 11, 2024	2024 (Q3)	-0.07 / -0.52	-0.08	-550.00% (-0.44)	―
Aug 28, 2024	2024 (Q4)	-0.22 / -0.52	-0.07	-642.86% (-0.45)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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APLD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 14, 2025	$8.54	$8.37	-1.99%
Oct 09, 2024	$7.40	$6.89	-6.89%
Aug 28, 2024	$4.41	$3.82	-13.38%
Apr 11, 2024	$3.07	$2.71	-11.73%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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