Filing Flows › Applied Digital (APLD) › Q3 FY26 › vs Q3 FY25
Applied Digital (APLD) Q3 FY26 vs Q3 FY25 (year over year)
Applied Digital's revenue rose $73.7M (+139%) from $52.9M in Q3 FY25 to $127M in Q3 FY26. The biggest changes: HPC Hosting Business +$71.0M (—); Data Center Hosting Business +$2.4M (+7%); Cloud Services Business +$333K (+2%).
Applied Digital, Q3 FY26: revenue $127M (+139% year over year), operating margin -67.6%, net loss $70.6M, operating cash flow $55.0M. The chart draws each line against Q3 FY25, the increases inside each band.
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| HPC Hosting Business | $71.0M | $0 | $71.0M | — |
| Data Center Hosting Business | $37.5M | $35.2M | $2.4M | +7% |
| Cloud Services Business | $18.1M | $17.8M | $333K | +2% |
| Revenue | $127M | $52.9M | $73.7M | +139% |
| Other income, net | $15.1M | −$16.5M | $31.6M | — |
| Income tax benefit | $2K | −$117K | $119K | — |
| Net loss | $70.6M | $35.6M | $35.0M | +98% |
| Costs & expenses | $212M | $88.5M | $124M | +140% |
| Operating costs | $212M | $71.9M | $140M | +195% |
| Cost of revenue | $72.8M | $49.1M | $23.7M | +48% |
| SG&A | $79.7M | $22.7M | $57.0M | +251% |
| Operating cash sources | $126M | $41.5M | $84.1M | +203% |
| Depreciation & amortization | $20.8M | $18.8M | $2.0M | +11% |
| Share-based compensation | $50.1M | $9.7M | $40.5M | +417% |
| Working capital & other | $54.6M | $13.0M | $41.6M | +321% |
| Net loss absorbed | $70.6M | $35.6M | $35.0M | +98% |
| Operating cash flow | $55.0M | $5.9M | $49.1M | +833% |
| Capital expenditures | $775M | $257M | $518M | +201% |
| Negative free cash flow (OCF − capex) | $720M | $252M | $469M | +186% |
Questions
How much did Applied Digital's revenue grow year over year in Q3 FY26?
Applied Digital's revenue rose $73.7M (+139%) from $52.9M in Q3 FY25 to $127M in Q3 FY26.
What drove Applied Digital's revenue change in Q3 FY26?
HPC Hosting Business +$71.0M (—); Data Center Hosting Business +$2.4M (+7%); Cloud Services Business +$333K (+2%).