Applied Digital (APLD) Cost of Revenue (2022 - 2026)

Applied Digital (APLD) has 5 years of Cost of Revenue data on file, last reported at $161.5 million in Q2 2026.

• Quarterly Cost of Revenue rose 197.91% year-over-year to $161.5 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $390.5 million (up 162.5% YoY) and the FY2026 annual result came in at $396.9 million, up 83.09% from the prior year.
• Cost of Revenue advanced to $161.5 million in Q2 2026, from $72.8 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $161.5 million in Q2 2026 to a low of $2.1 million in Q1 2022.
• A 5-year average of $41.2 million and a median of $27.5 million in 2023 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2023 — Cost of Revenue soared 408.1% — and 2024, when it retreated 23.88%.
• Tracing APLD's Cost of Revenue over 5 years: stood at $11.8 million in 2022, then soared by 152.02% to $29.8 million in 2023, then dropped by 23.88% to $22.7 million in 2024, then surged by 343.73% to $100.6 million in 2025, then jumped by 60.57% to $161.5 million in 2026.
• The last three Cost of Revenue figures came in at $161.5 million (Q2 2026), $72.8 million (Q1 2026), and $100.6 million (Q4 2025), per Business Quant data.