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← Applied Digital Corporation
Q3 FY2026 earningsWed, Apr 8, 2026

Applied Digital reports fiscal Q3 2026 results

Source document ↗
Total Revenue126.64M USD
AI Cloud Services Revenue18.09M USD
Adjusted EBITDA44.14M USD
Net Income (Loss)-70.56M USD

Key points

  • Fiscal Q3 2026 revenue of $126.6 million, up 139% year over year, with first full quarter of Polaris Forge 1 lease revenue
  • Net loss attributable to common stockholders of $100.9 million, including a $59.7 million loss on held-for-sale reclassification of the cloud business
  • Adjusted EBITDA of $44.1 million; adjusted net income of $33.2 million
  • Broke ground on Delta Forge 1, a 300 MW critical IT load campus in the southern U.S.
  • $2.1 billion in cash and restricted cash and $2.7 billion in debt at quarter end; $2.15 billion 6.75% notes offering completed after quarter end