APPLIED DIGITAL CORPORATION
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-184.3M | $-231.1M | $-149.3M | $-44.6M | $-23.5M | $-568.0K |
| Depreciation & Amortization | $67.4M | $134.7M | $79.4M | $7.1M | $1.1M | $1.0K |
| Depreciation | $48.5M | $12.5M | $15.8M | $3.9M | $1.0M | $1.0K |
| Amortization | — | — | — | — | — | — |
| Stock-Based Compensation | $220.1M | $22.7M | $17.4M | $32.1M | $12.3M | $0 |
| Net Cash from Operating Activities | $89.7M | $-115.4M | $13.8M | $58.7M | $-872.0K | $-83.0K |
| Investing Activities | ||||||
| Capital Expenditures | $2.87B | $681.6M | $141.8M | $131.3M | $58.3M | $20.0K |
| Business Acquisitions | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-2.94B | $-667.7M | $-172.4M | $-132.1M | $-45.9M | $-3.3M |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | $0 | $31.3M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $6.88B | $874.7M | $146.8M | $70.6M | $81.3M | $15.1M |
| Net Change in Cash | $4.03B | $91.6M | $-11.9M | $-2.7M | $34.5M | $11.8M |
| Free Cash Flow | $-2.78B | $-797.0M | $-128.0M | $-72.5M | $-59.1M | $-103.0K |