Applied Digital reported cash from operations of $132.54M and free cash flow of -$1156.52M for the quarter ended May 2026. This cash flow statement covers 21 quarters of results from May 2021 through May 2026, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | May2021 | Aug2021 | Nov2021 | Feb2022 | May2022 | Aug2022 | Nov2022 | Feb2023 | May2023 | Aug2023 | Nov2023 | Feb2024 | May2024 | Aug2024 | Nov2024 | Feb2025 | May2025 | Aug2025 | Nov2025 | Feb2026 | May2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||
| Net Income | -14.10M | -0.17M | -6.45M | -5.69M | -4.66M | -26.75M | -7.34M | -6.86M | -11.85M | -10.53M | -84.56M | -42.73M | -4.25M | -138.73M | -35.55M | -52.54M | -16.93M | -14.45M | -70.56M | -81.39M | |
| Share-based CompensationStock Comp. | 12.34M | 0.58M | 21.82M | 4.48M | 5.19M | 10.27M | 59.06M | 25.69M | 64.14M | -2.92M | 3.98M | 19.22M | 2.42M | 15.46M | 29.13M | 50.15M | 125.39M | ||||
| Deferred Taxes | 0.21M | 0.06M | 0.27M | 0.03M | -0.31M | -0.26M | |||||||||||||||
| Cash from Discontinued OperationsCash from Discont. Ops | 0.43M | 0.17M | 0.37M | -11.11M | |||||||||||||||||
| Gains from Investment SecuritiesGains Investment | 6.42M | 2.21M | |||||||||||||||||||
| Asset Writedowns and ImpairmentWritedown | 0.17M | 0.02M | |||||||||||||||||||
| Cash from OperationsCash from Ops. | -1.87M | 4.20M | 1.89M | 5.05M | 17.29M | 10.69M | 26.16M | 4.59M | 4.52M | 4.54M | 36.28M | -31.54M | -75.89M | -52.26M | 5.90M | 6.86M | -82.02M | -15.85M | 55.01M | 132.54M | |
| Depreciation, Depletion & Amortization | |||||||||||||||||||||
| Amortizatization of IntangiblesAmort. of Intangibles | -0.03M | ||||||||||||||||||||
| Amortization of Deferred ChargesAmort. Deferred Charges | 0.41M | 0.23M | 0.12M | 0.15M | 4.72M | 2.77M | -0.34M | 9.09M | -1.95M | 4.85M | 6.85M | ||||||||||
| Depreciation & Amortization (CF)Dep. & Amort. | 0.00M | 0.17M | 0.07M | 0.88M | 1.14M | 1.57M | 1.93M | 2.48M | 8.01M | 13.42M | 26.20M | 31.70M | 4.14M | 4.70M | 18.78M | 55.12M | 4.15M | 8.59M | 20.81M | 33.84M | |
| Change in Working Capital | |||||||||||||||||||||
| Change in ReceivablesChange Receivables | -0.01M | 0.24M | -0.18M | 0.23M | -0.19M | -0.06M | 0.28M | -0.08M | 3.62M | -1.55M | 10.02M | 2.26M | -7.79M | 29.52M | -13.98M | -1.62M | 35.34M | ||||
| Change in Account PayablesChange Payables | 0.20M | -7.04M | -3.17M | -3.73M | 0.20M | 6.24M | 49.02M | -13.62M | -77.54M | -5.31M | -5.53M | 10.12M | -77.78M | -81.22M | -12.58M | 170.40M | |||||
| Change in Accured ExpensesChange Accured Exp. | 0.37M | 4.89M | -0.78M | 1.94M | 1.10M | 0.46M | 5.92M | 2.11M | -4.03M | 7.72M | 15.79M | 9.74M | -12.25M | -9.80M | 0.19M | 28.68M | -7.66M | 43.59M | 41.61M | ||
| Change in TaxesChange Taxes | 0.86M | 0.70M | -1.57M | -0.06M | |||||||||||||||||
| Other Working Capital ChangesOther WC Changes | 2.88M | 0.99M | 15.32M | 10.20M | 18.23M | 1.07M | 3.69M | -0.81M | 13.07M | -25.45M | -20.81M | -10.68M | -1.31M | -1.28M | -2.32M | 28.32M | -17.05M | -8.01M | |||
| Investing Activities | |||||||||||||||||||||
| Capital ExpendituresCapex | 4.39M | 5.92M | 17.87M | 26.79M | 31.67M | 38.63M | 25.91M | 35.06M | 32.59M | 13.24M | 38.61M | 57.37M | 116.44M | 109.41M | 257.49M | 198.26M | 249.42M | 552.07M | 775.21M | 1,289.07M | |
| Sales of Property, Plant and EquipmentPP&E (Sale) | 19.85M | 25.00M | |||||||||||||||||||
| Divestments | 1.93M | -9.34M | 16.51M | ||||||||||||||||||
| Cash from Investing ActivitiesCash from Investing | -11.29M | -22.26M | -2.04M | -19.39M | -31.67M | -38.63M | -26.01M | -35.77M | -40.54M | -25.07M | -54.35M | -52.48M | -32.61M | -174.93M | -258.14M | -201.98M | -249.42M | -569.07M | -775.21M | -1342.70M | |
| Financing Activities | |||||||||||||||||||||
| Other financing activitiesOther financing | 40.00M | 1.75M | 2.40M | 5.70M | 36.48M | 7.64M | 6.47M | 85.71M | 121.20M | 6.30M | 337.50M | 925.00M | |||||||||
| Cash from Financing ActivitiesCash from Financing | 29.90M | 1.67M | -0.00M | 49.72M | 8.91M | 5.19M | 4.69M | 51.84M | 23.66M | 23.95M | 24.42M | 74.73M | 163.37M | 455.22M | 198.89M | 57.22M | 322.24M | 2,766.57M | 532.11M | 3,255.91M | |
| Change in Capital Stock | |||||||||||||||||||||
| Net Equity Issued and RepurchasedNet Equity Issued | 64.48M | 33.67M | 23.08M | 9.61M | 31.59M | 160.00M | 196.37M | ||||||||||||||
| Dividend Payments | |||||||||||||||||||||
| Dividends Paid - CommonDiv. Paid (Common) | 0.20M | 0.89M | |||||||||||||||||||
| Additional items | |||||||||||||||||||||
| Change in Cash | 17.18M | -14.88M | -2.08M | 34.34M | -5.47M | -22.76M | 4.85M | 20.65M | -12.36M | 3.42M | 6.35M | -9.29M | 54.87M | 228.02M | -53.35M | -137.91M | -9.21M | 2,181.66M | -188.09M | 2,045.76M | |
| Free Cash FlowFCF | -6.26M | -1.72M | -15.97M | -21.75M | -14.38M | -27.95M | 0.26M | -30.47M | -28.07M | -8.70M | -2.33M | -88.92M | -192.33M | -161.67M | -251.60M | -191.41M | -331.44M | -567.91M | -720.20M | -1156.52M | |
| Net Cash FlowNCF | 16.74M | -16.38M | -0.15M | 35.38M | -5.47M | -22.76M | 4.85M | 20.65M | -12.36M | 3.42M | 6.35M | -9.29M | 54.87M | 228.02M | -53.35M | -137.91M | -9.21M | 2,181.66M | -188.09M | 2,045.76M |