NasdaqGS:APLDIT
Can Applied Digital’s (APLD) AI Data Center Pivot Justify Mounting Losses and Debt Costs?
In its fiscal third quarter ended February 28, 2026, Applied Digital reported revenue of US$126.64 million, while net loss widened to US$100.86 million and loss per share from continuing operations increased to US$0.36.
Over the first nine months of fiscal 2026, revenue nearly doubled to US$352.56 million as the company shifted toward AI-focused data centers, even as it continued to report sizeable losses and absorbed rising interest costs tied to its debt-funded expansion.
With revenue...