Applied Digital Corporation
Balance Sheet
| Line Item | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $1.59B | $1.73B | $1.91B | $73.9M | $44.0M | $68.7M | $286.2M | $58.2M |
| Accounts Receivable | $56.3M | $20.8M | $13.3M | $29.1M | $6.8M | $14.6M | $12.3M | $2.3M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $4.66B | $2.43B | $2.72B | $641.7M | $132.8M | $274.3M | $328.4M | $84.1M |
| Property, Plant & Equipment | $4.24B | $3.01B | $2.00B | $1.46B | $1.25B | $1.00B | $772.7M | $478.2M |
| Goodwill | $54.5M | — | — | — | $0 | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $9.93B | $6.25B | $5.23B | $2.40B | $1.87B | $1.71B | $1.54B | $937.7M |
| Liabilities | ||||||||
| Accounts Payable | $395.5M | $377.4M | $92.9M | $172.8M | $251.5M | $170.5M | $192.0M | $140.3M |
| Total Current Liabilities | $1.16B | $1.02B | $563.4M | $985.5M | $499.7M | $393.6M | $424.4M | $386.7M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $6.19B | $3.68B | $3.16B | $1.29B | $1.24B | $1.21B | $1.05B | $640.6M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-662.3M | $-583.1M | $-512.4M | $-498.0M | $-481.1M | $-428.5M | $-393.0M | $-254.3M |
| Total Stockholders' Equity | $1.72B | $1.58B | $1.45B | $1.04B | $497.7M | $454.6M | $434.6M | $241.8M |