The earnings call highlighted significant revenue growth and strategic investments that have strengthened the company's market position and balance sheet. Despite the positive developments and future growth expectations, the company faced increased costs and net losses. The sentiment is balanced, acknowledging both achievements and challenges.

Company Guidance

During the Applied Digital's Fiscal First Quarter 2025 earnings call, several key metrics and developments were discussed. Revenue for the quarter surged by 67% to $60.7 million, driven by strong contributions from cloud services contracts. The data center hosting segment generated $34.8 million, while the cloud services segment contributed $25.9 million. Depreciation and amortization expenses increased significantly to $34.4 million from $8 million the previous year. The company reported an adjusted EBITDA of $20 million and an adjusted net loss of $21.6 million, equating to $0.15 per share with a weighted average share count of 149 million shares. Applied Digital ended the quarter with $86.6 million in cash, cash equivalents, and restricted cash, alongside $143.6 million in debt. Shareholders' equity nearly doubled over the past three months, reaching $241.8 million, largely due to a recent investment round from prominent investors, including NVIDIA. The company also highlighted progress on their Ellendale HPC Campus, with plans to expand capacity to 400 megawatts, and addressed the strategic shift in their executive team.

Significant Revenue Growth

Revenue increased by 67% to $60.7 million, driven by contributions from cloud services contracts.

Strategic Investments and Improved Balance Sheet

Received strategic investments from institutional and accredited investors, including NVIDIA, significantly improving the balance sheet.

Progress in Ellendale HPC Campus

Building continues on schedule with a finalized lease with a U.S.-based hyperscaler and site-level debt financing expected to close shortly.

Expansion of Cloud Services

The company expects to deploy additional clusters starting in the second half of fiscal year 2025 due to increased demand and market visibility.

Increased Shareholder Equity

Shareholders' equity nearly doubled to $241.8 million over the past three months.

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Applied Digital Corporation (APLD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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APLD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 14, 2025	2025 (Q2)	-0.14 / -	-0.1	―	―	―
Oct 09, 2024	2025 (Q1)	-0.27 / -0.03	-0.1	70.00% (+0.07)	―
Aug 28, 2024	2024 (Q4)	-0.22 / -0.52	-0.07	-642.86% (-0.45)	―
Apr 11, 2024	2024 (Q3)	-0.07 / -0.52	-0.08	-550.00% (-0.44)	―
Jan 16, 2024	2024 (Q2)	0.07 / -0.10	-0.29	65.52% (+0.19)	―
Oct 09, 2023	2024 (Q1)	-0.04 / -0.10	-0.05	-100.00% (-0.05)	―
Jul 24, 2023	2023 (Q4)	-0.05 / -0.07	-0.06	-16.67% (-0.01)	―
Apr 06, 2023	2023 (Q3)	-0.05 / -0.08	-0.05	-60.00% (-0.03)	―
Jan 09, 2023	2023 (Q2)	-0.06 / -0.29	-0.01	-2800.00% (-0.28)	―	―
Oct 11, 2022	2023 (Q1)	-0.04 / -0.05	-0.264	81.06% (+0.21)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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APLD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 09, 2024	$7.40	$6.89	-6.89%
Aug 28, 2024	$4.41	$3.82	-13.38%
Apr 11, 2024	$3.07	$2.71	-11.73%
Jan 16, 2024	$7.49	$5.53	-26.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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