Applied Digital (APLD) Revenue — Quarter Ended Nov 30, 2024
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential growth reversed a prior decline, yet the year-over-year comparison remained negative.
Key takeaway
Quarter ended Nov 30, 2024 · FY2025 Q2
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential growth reversed a prior decline, yet the year-over-year comparison remained negative.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$36.2M
Revenue reported for this quarter.
Quarter-over-quarter
+3.8%
Change from the immediately preceding quarter.
Year-over-year
-14.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$129.1M
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 |
|---|---|---|
| Feb 29, 2024 | $43.3M | +207.7% |
| May 31, 2024 | $14.7M | -33.1% |
| Aug 31, 2024 | $34.8M | -4.1% |
| Nov 30, 2024 | $36.2M | -14.3% |
Revenue performance
The reported revenue rose from the preceding quarter, signaling a sequential improvement. However, revenue was lower than the same period a year ago, reflecting a year-over-year contraction.
Quarterly comparison
The quarter's revenue performance shows a mixed trend: a sequential gain followed a decline in the prior quarter, but the year-over-year comparison remains negative. This indicates a near-term recovery but ongoing weakness relative to the prior year.
What to watch
The year-over-year revenue decline persists despite the sequential uptick, making the sustainability of the recovery a key point to monitor.