Applied Digital reported total assets of $9929.31M and total liabilities of $6185.73M for the quarter ended May 2026, up 431.0% year over year. This balance sheet covers 21 quarters of results from May 2021 through May 2026, standardized by Business Quant from the company’s SEC filings.
| Balance Sheet | May2021 | Aug2021 | Nov2021 | Feb2022 | May2022 | Aug2022 | Nov2022 | Feb2023 | May2023 | Aug2023 | Nov2023 | Feb2024 | May2024 | Aug2024 | Nov2024 | Feb2025 | May2025 | Aug2025 | Nov2025 | Feb2026 | May2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash & EquivalentsCash & Equiv. | 28.93M | 14.04M | 11.96M | 38.80M | 40.83M | 18.10M | 22.92M | 29.00M | 5.94M | 9.22M | 4.43M | 3.34M | 58.22M | 286.24M | 68.74M | 43.95M | 73.91M | 1,913.44M | 1,730.44M | 1,591.99M | |
| Short-term InvestmentsInvestments (Current) | 1.45M | 14.57M | 25.27M | 25.42M | 29.55M | 0.39M | 21.34M | 21.34M | 2.50M | 72.37M | 205.12M | 198.42M | 2,381.03M | ||||||||
| Cash & Current Investments | 28.93M | 14.04M | 11.96M | 40.25M | 40.83M | 18.10M | 22.92M | 43.57M | 31.21M | 34.63M | 33.98M | 3.73M | 79.56M | 307.58M | 71.24M | 116.32M | 73.91M | 2,118.56M | 1,928.86M | 3,973.01M | |
| Receivables - NetNet Receivables | 1.04M | 0.23M | 0.05M | 0.28M | 0.08M | 0.08M | 0.03M | 0.31M | 0.23M | 3.85M | 2.30M | 12.31M | 14.62M | 6.83M | 29.13M | 13.35M | 20.75M | 56.31M | |||
| Receivables - OtherOther Receivables | 1.72M | 2.00M | 2.28M | 3.00M | |||||||||||||||||
| Receivables | 1.04M | 1.95M | 2.05M | 2.56M | 3.08M | 0.08M | 0.03M | 0.31M | 0.23M | 3.85M | 2.30M | 12.31M | 14.62M | 6.83M | 29.13M | 13.35M | 20.75M | 56.31M | |||
| Prepaid Assets | 2.10M | 1.34M | 1.50M | 2.40M | 1.39M | 2.01M | 2.31M | 1.52M | 6.13M | 1.01M | 2.06M | 8.50M | 5.42M | 9.65M | 188.49M | 272.01M | 478.70M | 613.69M | |||
| Current Assets | 18.67M | 40.36M | 42.38M | 20.75M | 24.39M | 45.67M | 33.55M | 36.46M | 105.70M | 404.14M | 84.11M | 328.39M | 274.26M | 132.80M | 641.74M | 2,717.32M | 2,428.32M | 4,662.86M | |||
| Non-Current Assets | |||||||||||||||||||||
| Property, Plant & Equipment (Net)PP&E (Net) | 43.62M | 64.26M | 95.09M | 132.89M | 167.28M | 198.15M | 222.67M | 258.51M | 211.17M | 329.10M | 478.25M | 772.66M | 1,002.21M | 1,252.29M | 1,461.78M | 2,001.45M | 3,011.75M | 4,236.30M | |||
| Long-Term Investments | 15.00M | ||||||||||||||||||||
| Other Non-Current Assets | 3.57M | 8.95M | 7.50M | 7.56M | 14.50M | 4.54M | 26.07M | 17.12M | 65.37M | 374.60M | 28.30M | 40.08M | 42.24M | 179.35M | 310.01M | 508.39M | 593.71M | 830.71M | |||
| Non-Current Assets | 44.83M | 79.62M | 103.54M | 146.70M | 183.22M | 218.29M | 315.61M | 444.20M | 537.47M | 358.72M | 853.62M | 1,214.78M | 1,433.09M | 1,737.29M | 1,757.26M | 2,512.03M | 3,818.50M | 5,266.45M | |||
| Assets | 63.49M | 119.98M | 145.92M | 167.44M | 207.61M | 263.96M | 349.15M | 480.65M | 643.17M | 762.87M | 937.73M | 1,543.17M | 1,707.35M | 1,870.09M | 2,398.99M | 5,229.34M | 6,246.82M | 9,929.31M | |||
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payables | 13.04M | 13.26M | 13.46M | 7.47M | 14.00M | 6.45M | 16.23M | 38.26M | 93.92M | 104.53M | 140.26M | 192.02M | 170.52M | 251.49M | 172.82M | 92.91M | 377.43M | 395.47M | |||
| Notes Payables | 1.33M | 2.59M | 4.12M | 4.86M | 7.95M | 9.16M | 9.28M | 19.33M | 35.84M | 30.46M | 6.54M | 10.14M | 10.33M | 382.06M | 12.55M | 98.17M | 16.42M | ||||
| Dividends payables | |||||||||||||||||||||
| Payables | 13.04M | 14.59M | 16.04M | 11.59M | 18.86M | 14.40M | 25.39M | 47.54M | 113.25M | 140.36M | 170.73M | 198.56M | 180.66M | 261.82M | 554.88M | 105.47M | 475.60M | 411.90M | |||
| Accumulated Expenses | 9.96M | 12.74M | 10.54M | 27.55M | 24.70M | 26.72M | 31.62M | 19.27M | 30.12M | 182.95M | 207.45M | 376.99M | 548.49M | ||||||||
| Other Accumulated Expenses | 0.02M | 0.02M | 0.10M | 0.10M | 0.10M | 0.22M | 19.43M | 26.38M | 38.31M | 65.52M | 97.49M | ||||||||||
| Current Leases | 0.21M | 0.81M | 1.37M | 3.66M | 4.19M | 5.72M | 25.28M | 51.69M | 99.46M | 5.28M | 134.47M | 159.61M | 167.63M | 147.04M | 12.64M | 2.00M | 69.25M | 66.07M | |||
| Current Taxes | 0.86M | 1.56M | 1.63M | 0.06M | 0.00M | ||||||||||||||||
| Current Deferred Revenue | 3.91M | 3.88M | 19.19M | 29.39M | 47.62M | 48.69M | 51.83M | 50.05M | 63.12M | 39.37M | 3.78M | 0.43M | 4.88M | 3.59M | 0.63M | 29.44M | 12.55M | 4.67M | |||
| Total Current Liabilities | 22.82M | 29.00M | 48.67M | 70.21M | 108.60M | 115.46M | 151.68M | 202.42M | 349.16M | 554.11M | 386.67M | 424.35M | 393.58M | 499.73M | 985.49M | 563.40M | 1,019.32M | 1,162.86M | |||
| Non-Current Liabilities | |||||||||||||||||||||
| Capital Leases | 4.37M | 8.33M | 25.07M | 36.75M | 63.80M | 3.38M | 43.84M | 62.40M | 32.23M | 0.01M | 0.01M | 0.01M | 20.50M | 10.73M | |||||||
| Non-Current Debt | 5.90M | 12.11M | 16.38M | 18.86M | 35.26M | 34.88M | 33.50M | 24.84M | 79.47M | 106.23M | 468.24M | 678.99M | 677.83M | 305.28M | 2,594.01M | 2,594.50M | 4,959.52M | ||||
| Non-Current Deffered Revenue | 2.05M | ||||||||||||||||||||
| Preferred Stock Liabilities | 46.71M | 47.95M | 55.28M | 55.78M | 43.22M | 136.04M | 63.73M | 105.22M | 63.16M | 62.77M | |||||||||||
| Minority Interest | 6.98M | 8.59M | 8.46M | 10.54M | 10.16M | 516.97M | 923.07M | 1,956.30M | |||||||||||||
| Liabilities from Discontinued OperationsLiabilities from Discont. Ops | 8.28M | 336.42M | 188.22M | 161.32M | 7.43M | ||||||||||||||||
| Non-Current Deferred Tax LiabilityNon-Current Deferred Tax | 0.27M | 5.49M | 0.57M | 0.26M | 0.26M | 5.64M | |||||||||||||||
| Operating Leases | 1.22M | 0.94M | 5.62M | 8.63M | 8.49M | 1.00M | 59.92M | 140.76M | 232.52M | 1.07M | 282.18M | 319.82M | 304.54M | 58.80M | 12.87M | 2.11M | 134.81M | 123.98M | |||
| Other Non-Current Liabilities | 0.05M | 1.00M | 5.45M | ||||||||||||||||||
| Total Non-Current Liabilities | 24.10M | 40.74M | 193.28M | 221.21M | 325.00M | 524.68M | 638.04M | 1,236.37M | 6,180.28M | ||||||||||||
| Total Liabilities | 0.75M | 0.92M | 24.15M | 40.74M | 69.02M | 95.47M | 136.21M | 194.28M | 221.21M | 325.00M | 524.68M | 638.04M | 640.60M | 1,052.82M | 1,209.48M | 1,236.37M | 1,291.01M | 3,157.53M | 3,679.37M | 6,185.73M | |
| Shareholder's Equity | |||||||||||||||||||||
| Total Debt | 7.23M | 14.70M | 20.50M | 23.72M | 43.21M | 44.05M | 42.78M | 44.17M | 115.31M | 136.69M | 474.79M | 689.13M | 688.16M | 687.34M | 2,606.57M | 2,692.68M | 4,975.94M | ||||
| Common Equity | -0.75M | -0.92M | -8.61M | 79.23M | 76.90M | 71.97M | 71.39M | 69.68M | 127.95M | 155.66M | 118.49M | 124.83M | 241.85M | 434.57M | 454.65M | 497.69M | 1,044.26M | 1,449.63M | 1,581.22M | 1,724.51M | |
| Liabilities and Shareholders Equity | 63.49M | 119.98M | 145.92M | 167.44M | 207.61M | 263.96M | 349.15M | 480.65M | 643.17M | 762.87M | 937.73M | 1,543.17M | 1,707.35M | 1,870.09M | 2,398.99M | 5,229.34M | 6,246.82M | 9,929.31M | |||
| Treasury Shares | 1.30M | 36.30M | 36.30M | 0.04M | 5.00M | 5.00M | 5.00M | 5.00M | 5.00M | 5.00M | 5.07M | 5.03M | 5.03M | 9.29M | 9.29M | 7.17M | 9.29M | 7.17M | 7.17M | 9.29M | |
| Retained Earnings | -52.52M | 128.29M | 128.88M | 150.69M | 155.06M | 160.19M | 240.07M | 278.30M | 303.96M | 374.74M | 496.03M | 858.71M | 914.34M | 1,009.91M | 1,573.37M | 2,014.46M | 2,216.72M | 2,432.25M | |||
| Preferred Shares |