Growth Metrics

Applied Digital (APLD) Cost of Revenue (2022 - 2025)

Applied Digital (APLD) has disclosed Cost of Revenue for 4 consecutive years, with $100.6 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue rose 343.72% year-over-year to $100.6 million, compared with a TTM value of $212.2 million through Nov 2025, up 118.62%, and an annual FY2025 reading of $101.5 million, down 4.88% over the prior year.
  • Cost of Revenue was $100.6 million for Q4 2025 at Applied Digital, up from $55.6 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $100.6 million in Q4 2025 and bottomed at $2.1 million in Q1 2022.
  • Average Cost of Revenue over 4 years is $26.1 million, with a median of $19.3 million recorded in 2023.
  • The sharpest move saw Cost of Revenue skyrocketed 408.1% in 2023, then crashed 71.15% in 2024.
  • Year by year, Cost of Revenue stood at $11.8 million in 2022, then surged by 152.02% to $29.8 million in 2023, then fell by 23.88% to $22.7 million in 2024, then surged by 343.72% to $100.6 million in 2025.
  • Business Quant data shows Cost of Revenue for APLD at $100.6 million in Q4 2025, $55.6 million in Q3 2025, and $6.9 million in Q2 2025.