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

Applied Digital has reported Cost of Revenue for 5 years, with the latest figure at $72.8 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 48.21% year-over-year to $72.8 million; the trailing twelve-month figure through Feb 2026 stood at $167.9 million (up 69.32% YoY), and the FY2025 full-year result was $101.5 million, down 4.88% from the prior year.
• Cost of Revenue for Q1 2026 stood at $72.8 million, down from $100.6 million in the prior quarter.
• The five-year high for Cost of Revenue was $100.6 million in Q4 2025, with the low at -$61.1 million in Q2 2025.
• Historically, Cost of Revenue has averaged $24.9 million across 5 years, with a median of $22.7 million in 2024.
• Annual changes were most pronounced in 2023 — Cost of Revenue soared 408.1% — and 2025, when it slumped 1427.92%.
• Applied Digital's Cost of Revenue 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 slipped by 27.57% to $72.8 million in 2026.
• The last three Cost of Revenue figures came in at $72.8 million (Q1 2026), $100.6 million (Q4 2025), and $55.6 million (Q3 2025), per Business Quant data.