Filing Flows › Applied Digital (APLD) › Q1 FY26
Applied Digital (APLD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 9, 2025
Applied Digital (APLD) reported revenue of $80.9M for the first quarter fiscal 2026 (Q1 FY26), +132% from a year earlier and +5% from the quarter before. Operating margin was -27.5%, net loss $16.9M (20.9% of revenue).
Applied Digital, Q1 FY26: revenue $80.9M (+132% year over year), operating margin -27.5%, net loss $16.9M, operating cash flow −$81.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.9M | +5% | +132% |
| Operating profit | −$22.3M | — | — |
| Net earnings | −$16.9M | — | — |
| Operating cash flow | −$81.5M | -1483% | — |
What changed
Revenue was $80.9M in Q1 FY26, up 132% year over year and up 5% from the previous quarter. Data Center Hosting Business was the largest line at 47% of revenue. Data Center Hosting Business added $3.1M year over year (up 9%), 7% of the total change.
Operating costs exceeded revenue by $22.3M, an operating margin of -27.5%. Total costs grew 980% against revenue growth of 132%. The quarter ended with a net loss of $16.9M, narrower than the previous quarter's $52.5M loss. Non-operating items added $5.4M, -32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$81.5M. Non-cash charges added back $4.2M of depreciation and amortization and $15.5M of share-based compensation. Working capital and other items used $84.2M. Capital expenditures of $249.9M exceeded it, leaving free cash flow of −$331.4M.
Questions
What was Applied Digital's revenue in the first quarter fiscal 2026?
Applied Digital (APLD) reported revenue of $80.9M for the first quarter fiscal 2026 (Q1 FY26), +132% from a year earlier and +5% from the quarter before.
Was Applied Digital profitable in the first quarter fiscal 2026?
Operating loss was $22.3M (-27.5% of revenue) and net loss $16.9M.
Source: Applied Digital 10-Q on SEC EDGAR.