Applied Digital Corporation (Nasdaq: APLD) reported financial results for the fiscal second quarter ended November 30, 2025.
Key financial highlights include revenues of $126.6 million, up 250% from the prior year, and a net loss attributable to common stockholders of $31.2 million, down 76% from the prior year.
The company achieved significant milestones in its data center projects and secured substantial funding for future developments.
Revenue Growth
Revenues increased by 250% compared to the previous year, reaching $126.6 million.
Net Loss Improvement
Net loss attributable to common stockholders decreased by 76% year-over-year to $31.2 million.
Operational Advancements
The company successfully completed the first building at Polaris Forge 1 and secured substantial funding for AI Factory campuses.
- Applied Digital signed significant lease agreements with hyperscalers, projecting prospective revenue of $16 billion before lease renewals.
- Key milestones achieved include completing the first building at Polaris Forge 1 and securing additional funding for development activities.
- The company's strategic moves, including investment in advanced cooling technology and development loan facilities, reflect its focus on high-performance data centers and AI infrastructure.
Applied Digital Corporation's strong financial performance and strategic advancements in data center projects position it for continued growth and innovation in the AI infrastructure industry.