7Baggers
Quarterly
Annual
    Unit: USD2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2022-11-30 2022-05-31 2022-02-28 
      
    		             
      assets
    		             
      current assets:
    		             
      cash and cash equivalents
    		73,911,000 41,552,000 68,743,000 286,237,000 58,215,000 3,339,000 4,435,000 9,217,000 5,942,000 28,999,000 18,074,000 46,299,000 11,961,000 
      restricted cash:
    		             
      funds for construction
    		2,851,000 41,026,000 154,139,000           
      letters of credit
    		37,342,000 31,342,000 31,342,000           
      accounts receivable
    		29,134,000 3,043,000 14,619,000 12,313,000 2,298,000 3,847,000 225,000 307,000 27,000 82,000 276,000 227,000 1,038,000 
      prepaid expenses and other current assets
    		188,491,000 9,430,000 5,416,000 8,496,000 2,063,000 1,343,000 6,127,000 1,517,000 2,308,000 16,678,000 2,397,000 1,336,000 2,096,000 
      current assets held for sale
    		310,006,000 304,200,000   192,000 384,000 65,369,000       
      total current assets
    		641,735,000 430,593,000 274,259,000 328,388,000 84,110,000 30,262,000 105,701,000 36,457,000 33,548,000 45,759,000 20,747,000 49,312,000 18,668,000 
      property and equipment
    		1,461,775,000 1,275,841,000 1,002,206,000 772,664,000 478,249,000 340,381,000 211,172,000 258,508,000 222,666,000 195,593,000 132,893,000 64,260,000 43,619,000 
      operating lease right of use assets
    		810,000 960,000 153,434,000 140,583,000 147,148,000 153,611,000 95,429,000 73,373,000 11,183,000     
      finance lease right of use assets
    		16,893,000 17,820,000 235,203,000 261,452,000 200,649,000 218,683,000 189,627,000 95,199,000 55,691,000     
      other assets
    		277,782,000 144,876,000 42,245,000 40,082,000 27,576,000 19,930,000 41,239,000 17,117,000 26,065,000 7,012,000    
      total assets
    		2,398,995,000 1,870,090,000 1,707,347,000 1,543,169,000 937,732,000 762,867,000 643,168,000 480,654,000 349,153,000 263,957,000 167,443,000 119,980,000 63,494,000 
      liabilities, temporary equity and stockholders' equity
    		             
      current liabilities:
    		             
      accounts payable
    		172,823,000 247,528,000 170,517,000 192,017,000 140,264,000 116,117,000 93,918,000 38,262,000 16,229,000     
      accrued liabilities
    		182,948,000 29,549,000 19,268,000 31,625,000 26,723,000 26,282,000 27,545,000 10,538,000 12,743,000     
      current portion of operating lease liability
    		688,000 692,000 27,496,000 23,096,000 22,393,000 21,705,000 13,023,000 8,887,000 1,807,000 320,000    
      current portion of finance lease liability
    		11,951,000 13,633,000 140,135,000 136,511,000 112,079,000 107,683,000 86,438,000 42,805,000 23,471,000 5,722,000    
      current portion of debt
    		382,056,000 10,331,000 10,138,000 6,543,000 6,892,000 10,082,000 19,329,000 9,279,000 9,163,000     
      customer deposits
    		16,752,000 16,125,000 16,125,000 16,125,000 13,676,000 13,819,000 32,410,000 36,833,000 32,559,000 36,370,000 24,689,000 9,524,000 5,645,000 
      deferred revenue
    		626,000  4,879,000 6,187,000 16,867,000 37,674,000 63,121,000 50,051,000 50,863,000   3,877,000 3,909,000 
      due to customer
    		3,054,000 4,807,000 4,807,000 7,355,000 17,211,000 13,002,000        
      current liabilities held-for-sale
    		188,215,000             
      other current liabilities
    		26,380,000 19,432,000 216,000 96,000 96,000 96,000      16,000 16,000 
      total current liabilities
    		985,493,000 558,144,000 393,581,000 424,353,000 386,665,000 385,537,000 349,160,000 202,423,000 151,679,000 115,460,000 70,206,000 28,998,000 22,819,000 
      long-term portion of operating lease liability
    		220,000 381,000 104,679,000 97,821,000 103,871,000 109,740,000 69,260,000 52,324,000 9,573,000 1,005,000    
      long-term portion of finance lease liability
    		11,000 15,000 32,232,000 62,397,000 43,841,000 63,288,000 63,803,000 36,748,000 25,071,000 8,334,000    
      long-term debt
    		305,283,000 677,825,000 678,988,000 468,244,000 106,227,000 79,472,000 24,845,000 33,501,000 34,882,000     
      total liabilities
    		1,291,007,000 1,236,365,000 1,209,480,000 1,052,815,000 640,604,000 638,037,000 524,680,000 324,996,000 221,205,000 194,278,000 95,473,000 40,745,000 24,152,000 
      commitments and contingencies
    		             
      temporary equity
    		             
      series e preferred stock, 0.001 par value, 2,000,000 shares authorized, 301,673 shares issued and outstanding at august 31, 2025, and 301,673 shares issued and outstanding at may 31, 2025
    		6,932,000             
      series e-1 preferred stock, 0.001 par value, 62,500 shares authorized, 62,500 shares issued and 62,260 shares outstanding at august 31, 2025, and 62,500 shares issued and 62,485 shares outstanding at may 31, 2025
    		56,796,000             
      series g preferred stock, 0.001 par value, 156,000 shares authorized, no shares issued and outstanding at august 31, 2025, and 78,000 shares issued and outstanding at may 31, 2025
    		             
      stockholders' equity:
    		             
      common stock
    		274,000 230,000 230,000 222,000 162,000 144,000 127,000 123,000 110,000 101,000 94,000 98,000 320,000 
      treasury stock
    		-31,400,000 -31,400,000 -31,400,000 -31,400,000 -62,000 -62,000 -62,000 -62,000 -62,000 -62,000 -62,000 -62,000 -62,000 
      additional paid in capital
    		1,573,367,000 1,009,913,000 914,336,000 858,713,000 496,027,000 374,738,000 303,963,000 278,299,000 240,073,000 160,194,000 150,695,000 128,293,000 43,657,000 
      accumulated deficit
    		-497,981,000 -481,055,000 -428,518,000 -392,963,000 -254,281,000 -249,990,000 -185,540,000 -122,702,000 -112,173,000 -100,716,000 -87,218,000 -56,070,000 -52,524,000 
      total stockholders’ equity attributable to applied digital corporation
    		1,044,260,000 497,688,000 454,648,000 434,572,000 241,846,000 124,830,000 118,488,000 155,658,000 127,948,000 59,517,000 63,509,000   
      total liabilities, temporary equity and stockholders' equity
    		2,398,995,000 1,870,090,000 1,707,347,000 1,543,169,000          
      current portion of debt, at fair value
    		   4,798,000 30,464,000 35,836,000        
      related party customer deposits
    		     1,549,000 3,810,000 3,811,000 3,811,000     
      related party deferred revenue
    		     1,692,000 1,287,000 1,953,000 971,000     
      current liabilities held for sale
    		 216,047,000     8,279,000       
      series e preferred stock, 0.001 par value, 2,000,000 shares authorized, 301,673 shares issued and outstanding at may 31, 2025, and no shares authorized, issued or outstanding at may 31, 2024
    		 6,932,000            
      series e-1 preferred stock, 0.001 par value, 62,500 shares authorized, 62,500 shares issued and 62,485 shares outstanding at may 31, 2025, and no shares authorized, issued or outstanding at may 31, 2024
    		 57,011,000            
      series g preferred stock, 0.001 par value, 156,000 shares authorized, 78,000 shares issued and outstanding at may 31, 2025, and no shares authorized, issued or outstanding at may 31, 2024
    		 72,094,000            
      series e preferred stock, 0.001 par value, 2,000,000 shares authorized, 301,673 shares issued and outstanding at february 28, 2025, and no shares authorized, issued or outstanding at may 31, 2024
    		  6,932,000           
      series e-1 preferred stock, 0.001, 62,500 shares authorized, 39,763 shares issued and outstanding at february 28, 2025, and no shares authorized, issued or outstanding at may 31, 2024
    		  36,287,000           
      restricted cash
    		   21,342,000 21,342,000 21,349,000 29,545,000 25,416,000 25,271,000     
      series e preferred stock, 0.001 par value, 2,000,000 shares authorized, 301,673 shares issued and outstanding at november 30, 2024, and no shares authorized, issued or outstanding at may 31, 2024
    		   6,932,000          
      series f preferred stock, 0.001 par value, 53,191 shares authorized and issued, 43,000 outstanding at november 30, 2024, and no shares authorized, issued or outstanding at may 31, 2024
    		   43,000,000          
      series e-1 preferred stock, 0.001, 62,500 shares authorized, 6,359 shares issued and outstanding at november 30, 2024, and no shares authorized, issued or outstanding at may 31, 2024
    		   5,850,000          
      series e preferred stock, 0.001 par value, 2,000,000 shares authorized, 301,673 shares issued and outstanding at august 31, 2024, and no shares authorized, issued or outstanding at may 31, 2024
    		    6,932,000         
      series f preferred stock, 0.001 par value, 53,191 shares authorized, issued and outstanding at august 31, 2024, and no shares authorized, issued or outstanding at may 31, 2024
    		    48,350,000         
      total liabilities, temporary equity and shareholders' equity
    		    937,732,000         
      liabilities and stockholders' equity
    		             
      long-term related party loan
    		      17,612,000   35,257,000    
      other long-term related party liabilities
    		         1,000,000    
      noncontrolling interest
    		         10,162,000 8,461,000 6,976,000  
      total stockholders' equity including noncontrolling interest
    		     124,830,000 118,488,000 155,658,000 127,948,000 69,679,000    
      total liabilities and stockholders' equity
    		     762,867,000        
      total liabilities and shareholders' equity
    		      643,168,000 480,654,000      
      sales and use tax payable
    		       4,000 62,000 1,630,000 865,000   
      total liabilities and shareholders' deficit
    		        349,153,000  167,443,000   
      operating lease right of use asset
    		         1,290,000    
      finance lease right of use asset
    		         14,303,000    
      liabilities and stockholders’ equity
    		             
      accounts payable and accrued liabilities
    		         14,776,000 7,472,000 13,244,000 13,038,000 
      current portion of term loan
    		         7,950,000 4,122,000   
      current deferred revenue
    		         48,692,000 29,394,000   
      deferred tax liability
    		          260,000 540,000 274,000 
      long-term portion of term loan
    		         33,222,000    
      stockholders’ deficit:
    		             
      total liabilities and stockholders’ equity
    		         263,957,000    
      right of use asset
    		          12,353,000 6,408,000 1,207,000 
      utility deposits
    		          1,450,000 1,450,000  
      liabilities, mezzanine equity and stockholders' equity
    		             
      current portion of lease liability
    		          3,664,000 1,004,000 211,000 
      long-term portion of lease liability
    		          8,631,000 5,310,000 1,009,000 
      long-term term loan
    		          16,376,000   
      stockholders' equity
    		             
      total stockholders' equity (deficit) including noncontrolling interest
    		          71,970,000   
      deposit on equipment
    		             
      liabilities, mezzanine equity and stockholders’ equity
    		             
      accrued dividends
    		             
      current portion of notes payable
    		           1,333,000  
      related party notes payable
    		             
      long-term notes payable
    		           5,897,000  
      mezzanine equity:
    		             
      series c, convertible and redeemable preferred stock, .001 par value, 0 and 660,000 shares authorized, issued and outstanding, respectively
    		             
      series a, convertible preferred stock, .001 par value, authorized 70,000 shares, 0 and 27,195 shares issued and outstanding
    		             
      series b convertible preferred stock, .001 par value, authorized 50,000 shares, 0 and 17,087 shares issued and outstanding
    		             
      total stockholders’ equity (deficit) attributable to applied blockchain, inc.
    		           72,259,000  
      total mezzanine equity and stockholders' deficit
    		           79,235,000  
      total liabilities, mezzanine equity and stockholders’ equity
    		           119,980,000  
      current assets of discontinued operations
    		            3,573,000 
      other long term liabilities
    		            50,000 
      series c, convertible redeemable preferred stock, .001 par value, 676,086 and 660,000 shares authorized, issued and outstanding, respectively
    		            15,537,000 
      series d, convertible redeemable preferred stock, .001 par value, 1,413,624 and 0 shares authorized, issued, and outstanding, respectively
    		            32,414,000 
      total mezzanine' equity
    		            47,951,000 
      shareholders' equity
    		             
      series a, convertible preferred stock, .001 par value, authorized 70,000 shares, 0 and 27,195 shares issued and outstanding, respectively
    		             
      series b convertible preferred stock, .001 par value, authorized 50,000 shares, 0 and 17,087 shares issued and outstanding, respectively
    		             
      total shareholders' deficit
    		            -8,609,000 
      total liabilities, mezzanine equity and shareholders' deficit
    		            63,494,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.