Applied Digital's earnings have been declining at an average annual rate of -47.8%, while the IT industry saw earnings growing at 6.1% annually. Revenues have been growing at an average rate of 58.8% per year.
Key information
-47.81%
Earnings growth rate
-5.16%
EPS growth rate
IT Industry Growth
13.97%
Revenue growth rate
58.77%
Return on equity
-3.32%
Net Margin
-37.51%
Last Earnings Update
28 Feb 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Applied Digital makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
DB:FLH0 Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
28 Feb 26
319
-120
183
0
30 Nov 25
246
-55
126
0
31 Aug 25
174
-205
101
0
31 May 25
144
-161
83
0
28 Feb 25
192
-169
45
0
30 Nov 24
183
-196
53
0
31 Aug 24
135
-47
40
0
31 May 24
137
-74
45
0
29 Feb 24
144
-91
80
0
30 Nov 23
115
-35
60
0
31 Aug 23
85
-52
67
0
31 May 23
55
-44
54
0
28 Feb 23
41
-43
45
0
30 Nov 22
28
-38
36
0
31 Aug 22
15
-13
10
0
31 May 22
9
-22
19
0
28 Feb 22
1
-18
15
0
30 Nov 21
0
-16
15
0
31 Aug 21
0
-15
13
0
31 May 21
0
-1
0
0
Quality Earnings: FLH0 is currently unprofitable.
Growing Profit Margin: FLH0 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FLH0 is unprofitable, and losses have increased over the past 5 years at a rate of 47.8% per year.
Accelerating Growth: Unable to compare FLH0's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FLH0 is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (4%).
Return on Equity
High ROE: FLH0 has a negative Return on Equity (-3.32%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/17 17:50
End of Day Share Price
2026/06/17 00:00
Earnings
2026/02/28
Annual Earnings
2025/05/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Applied Digital Corporation is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.