Nonrelated Party was the largest of Applied Digital Corp.’s 2 reported lines in fiscal 2025, at $142.27M — 99% of $144.19M.
| Related and Nonrelated Parties | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Nonrelated Party | $40.98M | $121.86M | $142.27M |
| Related Party Revenue | $8.01M | $8.01M | $1.93M |
| Total | $48.99M | $129.86M | $144.19M |
In fiscal 2025, which ended May 31, 2025, the 2 revenue lines Applied Digital Corp. reported in this breakdown added up to $144.19M. That was up 11.0% from $129.86M in fiscal 2024. Nonrelated Party was the largest revenue line, at $142.27M or 98.7% of the total, followed by Related Party Revenue ($1.93M, 1.3%).
Over fiscal 2023 to 2025, revenue across these revenue lines went from $48.99M to $144.19M, a compound annual growth rate of 71.6%. Nonrelated Party's share of the total rose from 83.7% to 98.7% over the same years.
This breakdown covers every fiscal year from 2023 to 2025, as reported in Applied Digital Corp.'s annual filings.
Applied Digital Corp. (APLD) breaks its revenue down by revenue line. In fiscal 2025, its largest revenue line was Nonrelated Party, with $142.27M or 98.7% of the total, followed by Related Party Revenue at $1.93M (1.3%).
Nonrelated Party was Applied Digital Corp.'s largest revenue line in fiscal 2025, with $142.27M in revenue, 98.7% of the $144.19M reported across its 2 revenue lines.
Every figure is taken from Applied Digital Corp.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2023 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.