Applied Digital (APLD) Revenue — Quarter Ended May 31, 2025
Revenue turned negative for the quarter, dropping sharply from the prior period and declining substantially compared with the same quarter last year.
Key takeaway
Quarter ended May 31, 2025 · FY2025 Q4
Revenue turned negative for the quarter, dropping sharply from the prior period and declining substantially compared with the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$33.3M
Revenue reported for this quarter.
Quarter-over-quarter
-162.9%
Change from the immediately preceding quarter.
Year-over-year
-325.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$90.6M
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 |
|---|---|---|
| Aug 31, 2024 | $34.8M | -4.1% |
| Nov 30, 2024 | $36.2M | -14.3% |
| Feb 28, 2025 | $52.9M | +22.1% |
| May 31, 2025 | -$33.3M | -325.9% |
Revenue performance
Reported revenue was negative, a reversal from the positive figure in the immediately preceding quarter.
Quarterly comparison
Revenue decreased compared with both the prior quarter and the same quarter one year earlier. The prior quarter had shown sequential growth, but the current quarter reversed that trend.
What to watch
The company has historically incurred losses and relied on external financing; continued negative revenue may affect liquidity assumptions.