Applied Digital (APLD) Revenue — Quarter Ended Aug 31, 2024
Revenue for the quarter increased substantially compared to the immediately preceding period, reversing a prior decline. Against the same period one year earlier, however, revenue was slightly lower.
Key takeaway
Quarter ended Aug 31, 2024 · FY2025 Q1
Revenue for the quarter increased substantially compared to the immediately preceding period, reversing a prior decline. Against the same period one year earlier, however, revenue was slightly lower.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$34.8M
Revenue reported for this quarter.
Quarter-over-quarter
+136.4%
Change from the immediately preceding quarter.
Year-over-year
-4.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$135.1M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Nov 30, 2023 | $42.2M | +242.0% |
| Feb 29, 2024 | $43.3M | +207.7% |
| May 31, 2024 | $14.7M | -33.1% |
| Aug 31, 2024 | $34.8M | -4.1% |
Revenue performance
The reported revenue rose sharply from the prior quarter, driven by a significant sequential rebound after a previous contraction.
Quarterly comparison
Compared with the immediate preceding quarter, revenue improved markedly. In contrast, revenue was down modestly when set against the same quarter one year ago.
What to watch
The sequential revenue recovery is notable, but the slight year-over-year decline warrants monitoring for sustained top-line growth.