NASDAQ$APLD
Applied Digital Corporation · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Reported financial results for the fiscal fourth quarter and full year ended May 31, 2024.
Applied Digital reported Q4 2024 revenue of $43.7 million and a net loss of $64.8 million. The company resolved transformer issues at its Ellendale Data Center Hosting facility, restoring it to full power capacity by the end of June. They also secured over $150 million in funding and are in advanced discussions for project-level financing with an investment-grade tenant.
- Q4 revenue reached $43.7 million.
- Net loss for Q4 was $64.8 million.
- Adjusted EBITDA for Q4 was $4.8 million.
- Ellendale Data Center Hosting facility restored to full capacity by the end of June.
Headline financials
Revenue & EPS history
Applied Digital · Revenue · Quarterly
$43.7M
Forward guidance
Applied Digital anticipates sequential improvements in top-line revenue as they enter the first quarter of fiscal year 2025.
Tailwinds
- Successfully resolved all transformer issues at Ellendale Data Center Hosting facility, restoring it to full power capacity.
- Made significant progress on key growth initiatives, particularly in expanding Cloud Services business.
- Executing an LOI with a U.S.-based hyperscaler for 400 MW capacity.
- State-of-the-art, 369,000-square-foot facility is designed for HPC applications such as Artificial Intelligence.
- Actively marketing three additional campuses totaling 1.4 GW.
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 Q4 2024
+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
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro