Cost of revenue · 2020–2025

Applied Digital cost of revenue

$397M+83.1% · FY2025

Applied Digital (APLD) reported $397M in cost of revenue for fiscal 2025, +83.1% year on year.

$02020$9.5M2021$44.4M2022$148M2023$217M2024$397M2025
Applied Digital — Cost of revenue, 2020–2025
Fiscal yearCost of revenueChangeFiling
FY20252026-05-31$397M+83.1%Open →
FY20242025-05-31$217M+46.1%Open →
FY20232024-05-31$148M+234.2%Open →
FY20222023-05-31$44.4M+366.9%Open →
FY20212022-05-31$9.5M+$9.5MOpen →
FY20202021-05-31$0—Open →

Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026

Cost of revenue at companies of similar size

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Applied Digital cost of revenue |url=https://companiesranked.com/en/company/applied-digital/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Applied Digital cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/applied-digital/cost-of-revenue

BibTeX

@misc{companiesranked-en-company-applied-digital-cost-of-revenue-2026,
  author       = {{CompaniesRanked}},
  title        = {{Applied Digital cost of revenue}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/applied-digital/cost-of-revenue}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001144879-26-000048 · July 29, 2026

{{cite web |title=Applied Digital cost of revenue — 10-K (0001144879-26-000048) |url=https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-07-29}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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