Applied Digital Corporation (Nasdaq: APLD) reported financial results for its fiscal second quarter ended November 30, 2025. Revenue for the period was USD 126.6 million, representing a two and a half times increase from the prior year comparable period. Net loss attributable to common stockholders was USD 31.2 million, while net loss per basic and diluted share was USD 0.11, both decreasing significantly from the previous year. Adjusted net income for the quarter was USD 0.1 million. Adjusted EBITDA was USD 20.2 million. As of November 30, 2025, Applied Digital Corporation reported USD 2.3 billion in cash, cash equivalents, and restricted cash, and total debt of USD 2.6 billion.

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