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

Applied Digital's Cost of Revenue history runs 5 years deep, the most recent figure standing at $72.8 million for Q1 2026.

• Quarterly Cost of Revenue rose 48.21% year-over-year to $72.8 million in Q1 2026, while the trailing twelve-month figure through Feb 2026 was $167.9 million (up 69.32% YoY) and the FY2025 annual result came in at $101.5 million, down 4.88% from the prior year.
• Cost of Revenue was $72.8 million for Q1 2026 at Applied Digital, down from $100.6 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $100.6 million in Q4 2025 and bottomed at -$61.1 million in Q2 2025.
• A 5-year average of $24.9 million and a median of $22.7 million in 2024 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2023 — Cost of Revenue soared 408.1% — and 2025, when it sank 1427.92%.
• Applied Digital's 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 jumped by 343.73% to $100.6 million in 2025, then declined by 27.57% to $72.8 million in 2026.
• Business Quant data shows APLD's Cost of Revenue at $72.8 million in Q1 2026, $100.6 million in Q4 2025, and $55.6 million in Q3 2025.