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 2022-05-31 
      
    		          
      cash flow from operating activities
    		          
      net income
    		-16,926,000 -52,537,000 -35,555,000 -138,726,000 -4,247,000 -64,450,000 -62,838,000 -10,529,000 -11,854,000  
      adjustments to reconcile net income to net cash from operating activities:
    		          
      depreciation and amortization
    		4,152,000 18,405,000 18,779,000 26,445,000 34,316,000 66,461,000 -8,385,000 13,424,000 7,860,000 995,000 
      stock-based compensation
    		15,465,000 12,471,000 9,691,000 3,461,000 -2,919,000 3,728,000 3,194,000 4,799,000 5,641,000  
      lease expense
    		5,381,000 7,750,000 8,531,000 7,721,000 7,659,000 -27,529,000     
      amortization of debt issuance costs
    		4,851,000 -1,952,000 9,091,000 -345,000 2,769,000  146,000 117,000 235,000  
      gain on classification of held for sale
    		   192,000 -24,808,000      
      loss on change in fair value of debt
    		 0 0 79,017,000 6,422,000      
      loss on abandonment of assets
    		1,751,000 369,000 0 141,000 628,000   16,000 173,000  
      changes in operating assets and liabilities:
    		          
      accounts receivable
    		-29,525,000 7,788,000 -2,256,000 -10,015,000 1,549,000 -3,622,000 82,000 -280,000 55,000 811,000 
      prepaid expenses and other current assets
    		-6,962,000 -4,237,000 3,081,000 -6,432,000 -721,000 5,014,000 -4,610,000 700,000 -205,000 760,000 
      customer deposits
    		627,000 0 0 2,449,000 -143,000 -8,620,000 -4,424,000    
      related party customer deposits
    		 0 0 0 -1,549,000      
      deferred revenue
    		-2,316,000 -1,285,000 -1,308,000 -10,680,000 -20,807,000 -25,447,000 13,070,000    
      related party deferred revenue
    		 0 0 0 -1,692,000 405,000 -666,000    
      accounts payable
    		-77,784,000 10,122,000 -5,529,000 -5,312,000 -77,537,000 -13,624,000 49,022,000 6,237,000 205,000  
      accrued liabilities
    		28,684,000 192,000 -9,804,000 -12,253,000 9,738,000 13,410,000 6,098,000 -20,000 2,113,000  
      due to customer
    		-1,753,000 0 -2,548,000 -9,856,000 4,209,000      
      lease assets and liabilities
    		-9,598,000 6,033,000 5,825,000 -10,625,000 -8,757,000 -11,804,000 -18,771,000 -16,943,000 39,000  
      other assets
    		1,930,000 3,736,000 301,000   1,690,000 -323,000 4,932,000 -5,972,000  
      cash flow used in operating activities
    		-82,023,000          
      cash flow from investing activities
    		          
      purchases of property and equipment and other assets
    		-249,420,000 -198,263,000 -257,493,000 -171,049,000 -54,798,000 -54,813,000 -41,166,000 -13,239,000 -32,591,000  
      proceeds from satisfaction of contingency on sale of assets
    		  0 0 25,000,000      
      finance lease prepayments
    		 -1,338,000 430,000 -2,462,000 -2,808,000 -14,957,000 -15,744,000 -11,828,000 -7,560,000  
      cash flow used in investing activities
    		-249,420,000 -201,976,000 -258,139,000 -174,933,000 -32,606,000 -49,918,000     
      cash flow from financing activities
    		          
      repayment of finance leases
    		-29,932,000 -31,081,000 -31,822,000 -36,121,000 -26,049,000 -32,440,000 -14,456,000 -8,222,000 -4,849,000 -219,000 
      borrowings of long-term debt
    		65,000 83,000 375,000,000 170,000,000 105,000,000 108,132,000 3,690,000 982,000 3,750,000  
      repayments of long-term debt
    		-2,416,000  -157,221,000 -127,428,000 -5,886,000  -2,292,000 -1,008,000 -3,463,000  
      payment of deferred financing costs
    		-1,000 505,000 -13,976,000 -20,443,000 -8,484,000      
      tax payments for restricted stock upon vesting
    		-4,497,000 -1,146,000    -255,000     
      proceeds from issuance of common stock
    		196,366,000 0 0      64,482,000  
      common stock issuance costs
    		-5,945,000 -52,000 -20,000 -10,189,000 -44,000      
      proceeds from issuance of preferred stock
    		175,000,000 97,716,000 33,404,000 6,359,000 60,726,000      
      preferred stock issuance costs
    		-4,604,000 -4,898,000 -2,967,000 -503,000 -5,444,000      
      redemption of preferred stock
    		-225,000          
      dividends issued on preferred stock
    		-1,576,000 -1,402,000 -541,000 -628,000 -44,000      
      exercise of warrants
    		1,000          
      proceeds from issuance of safe agreement included in long-term debt
    		 0 0 0 12,000,000      
      cash flow provided by financing activities
    		322,236,000 57,215,000 198,887,000 455,219,000 163,365,000 74,729,000 24,416,000 23,949,000 23,663,000  
      net increase in cash, cash equivalents, and restricted cash
    		-9,207,000 -137,906,000 -53,355,000 228,022,000 54,869,000      
      cash, cash equivalents, and restricted cash, beginning of period, including cash from discontinued operations
    		123,318,000          
      cash, cash equivalents, and restricted cash, end of period, including cash from discontinued operations
    		114,111,000          
      less: cash, cash equivalents, and restricted cash from discontinued operations
    		7,000          
      cash, cash equivalents, and restricted cash from continuing operations
    		114,104,000          
      deferred income taxes
    		          
      loss on extinguishment of debt
    		 0    154,000 0 0 2,353,000 0 
      loss on extinguishment of related party debt
    		          
      loss on legal settlement
    		          
      (gain) loss on classification of held for sale
    		          
      loss on conversion of debt
    		 0 0        
      loss on change in fair value of related party debt
    		     11,200,000     
      loss on change in fair value of warrants issued
    		 0         
      cash flow provided by operating activities
    		 6,855,000 5,897,000 -52,264,000 -75,890,000 -34,102,000 38,840,000 4,539,000 4,517,000  
      proceeds from sale of assets
    		          
      purchases of investments
    		 -2,375,000 -1,076,000   0 0 0 -390,000  
      borrowings of related party debt
    		     5,000,000 15,000,000 5,000,000 3,000,000  
      repayment of long-term debt
    		          
      repayment of related party debt
    		     0 0 -6,243,000 -39,257,000  
      payment of related party deferred financing costs
    		          
      repurchase of shares
    		 0 0        
      proceeds from convertible notes
    		 0 0        
      purchase of capped call options
    		 0 0        
      purchase of prepaid forward contract
    		 0 0        
      noncontrolling interest contributions
    		          
      supplemental disclosure of cash flow information
    		          
      interest paid
    		      4,751,000 2,531,000 1,839,000  
      income taxes paid
    		          
      supplemental disclosure of non-cash activities
    		          
      operating right-of-use assets obtained by lease obligation
    		      25,689,000 59,057,000 10,272,000  
      finance right-of-use assets obtained by lease obligation
    		      122,322,000 49,994,000 46,952,000  
      property and equipment in accounts payable and accrued liabilities
    		          
      extinguishment of non-controlling interest
    		          
      conversion of debt to common stock
    		          
      conversion of preferred stock to common stock
    		          
      issuance of warrants, at fair value
    		          
      conversion of warrants
    		          
      loss/(gain) on classification of held for sale
    		          
      cash, cash equivalents, and restricted cash, beginning of period
    		  0 0 31,688,000 0 0 0 43,574,000  
      cash, cash equivalents, and restricted cash, end of period
    		  -53,355,000 228,022,000 86,557,000 -9,291,000 6,346,000 3,421,000 31,213,000  
      sales and use tax payable
    		       -58,000 -1,568,000  
      proceeds from issuance of common stock, net of costs
    		    31,590,000 9,847,000 23,080,000    
      non cash interest expense
    		          
      loss on classification as held for sale
    		     -6,306,000     
      proceeds from sale of investment securities
    		          
      net decrease in cash, cash equivalents, and restricted cash
    		     -9,291,000 6,346,000 3,421,000 -12,361,000  
      cash from investing activities
    		       -25,067,000 -40,541,000  
      property and equipment in accounts payable
    		       16,843,000 6,729,000  
      conversion of non-controlling interest
    		       0 9,765,000  
      income from legal settlement
    		        2,300,000  
      current deferred revenue
    		        3,695,000  
      current related party deferred revenue
    		        -553,000  
      net income attributable to applied digital corporation
    		          
      net income from discontinued operations, net of income taxes
    		          
      net income attributable to noncontrolling interest
    		          
      net income from continuing operations
    		         -4,643,000 
      gain on extinguishment of accounts payable
    		         -1,000 
      non-cash interest expense
    		          
      changes in assets and liabilities:
    		          
      deferred tax
    		         266,000 
      accounts payable and accrued liabilities
    		         -3,909,000 
      payments of operating leases
    		         -77,000 
      net cash from operating activities of continuing operations
    		         6,128,000 
      net cash from operating activities of discontinued operations
    		         -11,113,000 
      net cash from operating activities
    		         -4,985,000 
      capex
    		         -26,794,000 
      free cash flows
    		         -31,779,000 
      deposits on equipment
    		          
      investments in private companies
    		          
      net cash from investing activities of continuing operations
    		         -26,794,000 
      net cash from investing activities of discontinued operations
    		         16,511,000 
      net cash from investing activities
    		         -10,283,000 
      initial public offering of common stock
    		          
      issuance of preferred stock
    		         0 
      term loan payoff
    		          
      proceeds from issuance of term loan
    		          
      term loan issuance costs
    		          
      proceeds from issuance of related party term loan
    		          
      related party term loan issuance costs
    		          
      loan payments
    		          
      payments of employee restricted stock tax withholdings
    		          
      net cash from financing activities of continuing operations
    		         49,606,000 
      net cash from financing activities of discontinued operations
    		          
      net (decrease ) increase in cash, cash equivalents, and restricted cash
    		          
      less: cash, cash equivalents, and restricted cash of discontinued operations
    		          
      cash, cash equivalents, and restricted cash of continuing operations
    		          
      purchases of property and equipment
    		         -26,794,000 
      deposit on equipment
    		         0 
      preferred issuance costs
    		          
      equity contributions to subsidiaries
    		          
      net (decrease ) increase in cash and cash equivalents
    		          
      cash and cash equivalents, beginning of period
    		          
      cash and cash equivalents, end of period
    		          
      less: cash and cash equivalents of discontinued operations
    		          
      cash and cash equivalents of continuing operations
    		         34,338,000 
      right-of-use asset obtained by lease obligation
    		         7,672,000 
      fixed assets in accounts payable
    		         -5,158,000 
      net cash & equivalents
    		          
      restricted cash
    		          
      total cash & cash equivalents
    		          
      cash flows from operating activities
    		          
      net income attributable to applied blockchain, inc.
    		         -2,807,000 
      net income from discontinued operations
    		         1,826,000 
      accrued paid in kind interest
    		          
      stock-based compensation for service agreement
    		         0 
      amortization of right of use asset
    		         -25,000 
      changes in operating assets and liabilities
    		          
      utility deposits
    		          
      cash flows from investing activities
    		          
      cash flows from financing activities
    		          
      issuance costs for preferred stock
    		          
      issuance costs for common stock
    		          
      issuance costs for term loan
    		          
      contributions by noncontrolling interest
    		          
      net cash from financing activities
    		          
      net increase in cash and cash equivalents
    		          
      cash and cash equivalents, beginning of year
    		         0 
      cash and cash equivalents, end of year
    		         34,338,000 
      taxes paid
    		          
      non-cash dividends paid in-kind
    		          
      payments for patents and trademarks
    		          
      issuance of common stock
    		          
      issuance cost for preferred stock
    		          
      net decrease in cash and cash equivalents
    		          
    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.