NASDAQ$APLD
Applied Digital Corporation · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Reported fiscal first quarter 2025 results.
Applied Digital reported a 67% increase in revenue to $60.7 million compared to the prior year period, driven by the Cloud Services business segment. The company's net loss was $4.2 million, or $0.03 per share, while adjusted EBITDA reached $20.0 million.
- Revenues increased by 67% year-over-year, reaching $60.7 million.
- Net loss was $4.2 million, or $0.03 per basic and diluted share.
- Adjusted EBITDA was $20.0 million.
- Strategic investments from institutional investors, NVIDIA, and Related Companies improved the balance sheet.
Headline financials
Revenue & EPS history
Applied Digital · Revenue · Quarterly
$60.7M
Forward guidance
Applied Digital is finalizing a lease agreement with a U.S.-based hyperscaler for their 100 MW facility and designing two additional buildings to increase total capacity to 400 MW.
Tailwinds
- Strategic investments from institutional and accredited investors, NVIDIA, and Related Companies improved the balance sheet.
- Finalizing a lease agreement with a U.S.-based hyperscaler for the 100 MW facility.
- Designing two additional buildings to increase Ellendale's total HPC capacity to 400 MW.
- Advanced negotiations with traditional financing institutions to secure funding for projects.
- Executive changes to better position the Company for managing its rapidly expanding growth.
Headwinds
- Net loss of $4.2 million for the quarter.
- Adjusted net loss was negatively impacted by $4.4 million of expenses associated with facilities and equipment not yet generating revenue.
- Cost of revenues increased due to higher depreciation and amortization expense and lease and related expenses.
- Selling, general, and administrative expenses remain high at $14.3 million.
- The company is still operating at a loss.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2025
+5.3%
Avg return
Earnings day
+11.0%
Avg return
5 days after
+21.6%
Avg return
30 days after
75%
15 / 20 earnings
Positive
+32.6%
Q4 2023
Best reaction
-35.9%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +14.1% | +13.2% | +48.4% | |
| Q2 2026 | +7.8% | +13.0% | +9.4% | |
| Q1 2026 | +16.0% | +28.9% | +5.8% | |
| Q3 2025 | -35.9% | -26.4% | +4.1% | |
| Q2 2025 | +7.7% | +14.6% | +1.9% | |
| Q1 2025 | -12.2% | -3.8% | -3.7% | |
| Q4 2024 | -19.2% | -22.8% | +73.2% | |
| Q3 2024 | -9.4% | -18.1% | +10.7% | |
| Q2 2024 | -31.5% | -35.1% | -34.0% | |
| Q1 2024 | +4.8% | -0.8% | -5.4% | |
| Q4 2023 | +32.6% | +21.8% | -12.2% | |
| Q3 2023 | +22.8% | +40.9% | +57.7% | |
| Q2 2023 | +16.7% | +15.1% | +83.3% | |
| Q1 2022 | +14.9% | +21.4% | +39.3% | |
| Q1 2023 | +8.7% | +20.6% | +31.2% | |
| Q2 2022 | +1.0% | +8.7% | -15.5% | |
| Q4 2022 | +4.0% | +5.1% | -19.7% | |
| Q3 2021 | +21.1% | +41.1% | +52.2% | |
| Q4 2021 | +21.1% | +41.1% | +52.2% | |
| Q3 2022 | +21.1% | +41.1% | +52.2% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
Discussion
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