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

Applied Digital (APLD) has reported Cost of Revenue for 5 consecutive years, with $161.5 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Cost of Revenue rose 197.91% year-over-year to $161.5 million; the trailing twelve-month figure through May 2026 stood at $390.5 million (up 162.5% YoY), and the FY2026 full-year result was $396.9 million, up 83.09% from the prior year.
• Cost of Revenue rose to $161.5 million in Q2 2026 per APLD's latest filing, from $72.8 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $161.5 million in Q2 2026 and bottomed at $2.1 million in Q1 2022.
• Historically, Cost of Revenue has averaged $41.2 million across 5 years, with a median of $27.5 million in 2023.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue jumped 408.1% in 2023, then decreased 23.88% in 2024.
• Over 5 years, 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 soared by 60.57% to $161.5 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $161.5 million, $72.8 million, and $100.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.