NASDAQ$APLD
Applied Digital Corporation · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Applied Digital reported fiscal Q3 2025 revenue of $52.9M with a net loss of $35.6M and diluted loss per share of $0.16.
Total revenue was $52.9 million for the quarter ended February 28, 2025, as data-center hosting and HPC buildout scaled. Net loss was $35.6 million (diluted LPS $0.16) versus $62.8 million ($0.52) a year ago. Nine-month revenue reached $177.5 million with continued investment in power and infrastructure capacity.
- Fiscal Q3 revenue $52.9M; net loss $35.6M.
- Diluted LPS $0.16; loss narrowed YoY.
- Cost of revenues $49.1M on hosting ramp.
- Nine-month revenue $177.5M; net loss $178.5M.
Headline financials
Revenue & EPS history
Applied Digital · Revenue · Quarterly
$52.9M
Forward guidance
Data-center operator investing in HPC capacity; profitability depends on contract utilization and power economics.
Tailwinds
- Revenue growth as hosting and HPC customers ramp.
- Losses narrowed YoY on operating leverage potential.
Headwinds
- Heavy capex and power costs before contracts fill.
- Customer concentration and buildout delays add risk.
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 Q3 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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