Filing Flows › Applied Digital (APLD) › Q2 FY25
Applied Digital (APLD) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jan 14, 2025
Applied Digital (APLD) reported revenue of $63.9M for the second quarter fiscal 2025 (Q2 FY25), +51% from a year earlier and +5% from the quarter before. Operating margin was -29.1%, net loss $139M (217.2% of revenue).
Applied Digital, Q2 FY25: revenue $63.9M (+51% year over year), operating margin -29.1%, net loss $139M, operating cash flow −$52.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.9M | +5% | +51% |
| Operating profit | −$18.6M | — | — |
| Net earnings | −$139M | — | — |
| Operating cash flow | −$52.3M | — | — |
What changed
Revenue was $63.9M in Q2 FY25, up 51% year over year and up 5% from the previous quarter.
Operating costs exceeded revenue by $18.6M, an operating margin of -29.1%. Total costs grew 65% against revenue growth of 51%. The fastest-growing cost line was Cost of revenue (+76%). The quarter ended with a net loss of $138.7M, wider than the previous quarter's $4.2M loss. Net interest and other expense of $120.1M was the main reason.
Operating cash flow was −$52.3M. Non-cash charges added back $26.4M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $56.6M. Capital expenditures of $171.0M exceeded it, leaving free cash flow of −$223.3M.
Questions
What was Applied Digital's revenue in the second quarter fiscal 2025?
Applied Digital (APLD) reported revenue of $63.9M for the second quarter fiscal 2025 (Q2 FY25), +51% from a year earlier and +5% from the quarter before.
Was Applied Digital profitable in the second quarter fiscal 2025?
Operating loss was $18.6M (-29.1% of revenue) and net loss $139M.
Source: Applied Digital 10-Q on SEC EDGAR.