Nonrelated Party was Applied Digital’s largest revenue line in fiscal 2025, bringing in $142.27M of $144.19M (99%).
| 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 |
Applied Digital brought in $144.19M from its two revenue lines in fiscal 2025, the year ended May 31, 2025. That was up 11.0% from $129.86M in fiscal 2024. Nonrelated Party was the largest at $142.27M (98.7%), ahead of Related Party Revenue at $1.93M (1.3%).
From fiscal 2023 to 2025, combined revenue from these revenue lines grew 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%.
Applied Digital (APLD) reports its revenue by related and nonrelated parties. In fiscal 2025, Nonrelated Party was its largest revenue line, bringing in $142.27M (98.7% of the total), followed by Related Party Revenue at $1.93M (1.3%).
Nonrelated Party was Applied Digital's largest revenue line in fiscal 2025, bringing in $142.27M, or 98.7% of the $144.19M total across its two revenue lines.
Every figure comes from Applied Digital's annual financial filings, as reported. Each line keeps the name Applied Digital gives it, and years follow its fiscal calendar.
Applied Digital's revenue by related and nonrelated parties goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.