Applied Digital annual operating expenses
2021
2022
2023
2024
2025
2026
Applied Digital Operating Expenses Growth & History (APLD)
Applied Digital's operating expenses was $847.8M for fiscal 2026.
View full Applied Digital company overviewApplied Digital annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-05-31 | $847.8M | $739.9M | +685.87% |
| 2025 | 2025-05-31 | $107.9M | $21.3M | +24.55% |
| 2024 | 2024-05-31 | $86.6M | −$11.7M | −11.89% |
| 2023 | 2023-05-31 | $98.3M | $78.4M | +392.97% |
| 2022 | 2022-05-31 | $19.9M | $19.6M | +5906.33% |
| 2021 | 2021-05-31 | $332,000 | — | — |
Applied Digital quarterly operating expenses
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | $391.4M | $375.2M | +2314.20% |
| Q3 2026 | 2026-02-28 | $212.3M | $140.4M | +195.42% |
| Q2 2026 | 2025-11-30 | $157.5M | $108.6M | +221.73% |
| Q1 2026 | 2025-08-31 | $86.5M | $77.0M | +805.28% |
| Q4 2025 | 2025-05-31 | $16.2M | — | — |
| Q3 2025 | 2025-02-28 | $71.9M | −$26.9M | −27.27% |
| Q2 2025 | 2024-11-30 | $49.0M | −$1.1M | −2.29% |
| Q1 2025 | 2024-08-31 | $9.6M | −$34.1M | −78.13% |
| Q3 2024 | 2024-02-29 | $98.8M | $77.7M | +368.73% |
| Q2 2024 | 2023-11-30 | $50.1M | $11.1M | +28.37% |
| Q1 2024 | 2023-08-31 | $43.7M | $32.6M | +293.58% |
| Q4 2023 | 2023-05-31 | $27.1M | $22.9M | +548.28% |
| Q3 2023 | 2023-02-28 | $21.1M | $19.7M | +1438.61% |
| Q2 2023 | 2022-11-30 | $39.0M | $37.7M | +2781.03% |
| Q1 2023 | 2022-08-31 | $11.1M | −$1.9M | −14.86% |
| Q4 2022 | 2022-05-31 | $4.2M | — | — |
| Q3 2022 | 2022-02-28 | $1.4M | $1.4M | — |
| Q2 2022 | 2021-11-30 | $1.4M | — | — |
| Q1 2022 | 2021-08-31 | $13.0M | — | — |
| Q3 2021 | 2021-02-28 | $0 | — | — |
Applied Digital operating expenses trends
Over the last five fiscal years, Applied Digital's operating expenses increased from $332,000 to $847.8M, a change of $847.4M. The latest reported quarter, Q4 2026, shows $391.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Applied Digital source filings ↗