Revenue
2012
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2025
2026
| 2026 | 2025 · Dec 31 | 2025 · May 31 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 · Mar 31 | 2012 · Dec 31 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $71.6M | $12.8M | $84.4M | $17.9M | $18.3M | $12.9M | $11.2M | $8.9M | $13.9M | $11.3M | $7.4M | $14.2M | $8.7M | $5.3M | $3.3M | $0 | $2.7M |
| Gross profit | −$17.1M | $6.8M | −$30.9M | $9.5M | $9.1M | $6.2M | $6.7M | $5.1M | $6.8M | $4.3M | $2.1M | $2.9M | $1.2M | $1.6M | $587,000 | — | $370,000 |
| Gross margin | −23.86% | 53.48% | −36.66% | 53.06% | 49.67% | 48.13% | 60.01% | 57.08% | 48.60% | 38.03% | 28.14% | 20.72% | 13.61% | 29.27% | 17.78% | — | 13.67% |
| Research & development | — | $3.0M | — | $3.9M | $5.0M | $3.6M | $2.5M | $2.5M | $4.6M | $5.8M | $9.5M | $8.9M | $6.5M | $3.9M | $2.7M | — | $4.3M |
| Operating expenses | $109.1M | $20.2M | $139.7M | $20.0M | $24.2M | $21.8M | $20.6M | $18.4M | $23.4M | $31.3M | $33.7M | $30.5M | $22.7M | $18.4M | $10.9M | $12,292 | $14.6M |
| Operating income | −$37.5M | −$13.3M | −$55.3M | −$10.5M | −$15.1M | −$15.6M | −$13.8M | −$13.3M | −$16.6M | −$27.0M | −$31.6M | −$27.6M | −$21.6M | −$16.8M | −$10.3M | −$12,292 | −$14.2M |
| Operating margin | −52.37% | −104.12% | −65.58% | −58.35% | −82.67% | −120.48% | −122.96% | −149.64% | −119.56% | −238.53% | −429.92% | −193.98% | −248.94% | −315.26% | −311.75% | — | −526.27% |
| EBITDA | $22.8M | −$11.8M | $25.3M | −$8.9M | −$13.4M | −$14.7M | −$12.8M | −$12.7M | −$15.9M | −$26.0M | −$30.4M | −$25.7M | −$20.6M | −$16.0M | −$9.8M | — | −$13.9M |
| EBITDA margin | 31.90% | −91.83% | 30.01% | −49.38% | −73.38% | −113.61% | −113.86% | −142.66% | −114.60% | −229.62% | −413.64% | −180.94% | −238.17% | −301.28% | −297.55% | — | −513.64% |
| Net income | −$50.3M | −$11.7M | −$72.7M | −$11.3M | −$15.2M | −$15.1M | −$9.8M | −$15.8M | −$12.1M | −$27.0M | −$29.1M | −$23.5M | −$19.6M | −$33.8M | −$11.9M | −$12,292 | −$15.0M |
| Net profit margin | −70.28% | −91.37% | −86.20% | −63.21% | −83.14% | −116.79% | −86.82% | −178.17% | −87.17% | −238.19% | −396.06% | −165.04% | −226.19% | −633.92% | −359.99% | — | −555.88% |
| Basic EPSper basic share | -$0.36 | -$4.91 | -$0.53 | -$8.43 | -$16.50 | -$17.40 | -$12.00 | -$33.15 | -$37.95 | -$1,477.61 | -$2,753.73 | -$43,945.77 | -$39,010.68 | -$70,971.25 | -$93,766.65 | $0.00 | -$123,377.17 |
| Diluted EPSper diluted share | -$0.36 | -$4.91 | -$0.53 | -$8.43 | -$16.50 | -$17.40 | -$13.20 | -$33.15 | -$37.95 | -$1,477.61 | -$2,753.73 | -$48,175.85 | -$43,005.75 | -$70,971.25 | -$93,766.65 | $0.00 | -$123,377.17 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
Applied Digital Corp. | 139.53M |
Lathan Corinna | 462.41K |
Li Kecheng | 460.94K |
Cloyd Mary Ann | 456.71K |
ASHER DANIEL | 435.43K |
Scher Deborah Lafer | 314.42K |
Nottenburg Richard N | 200K |
MILLER DOUGLAS S | 200K |
CLANCY WILLIAM M | 200K |
Cummins Wes | 200K |
Benson Ella G. | 200K |
Schaap Andrew Cordell | 200K |
Davis Scott G. | 188.51K |
Wong Jerome | 68.96K |
Jones Jason C | 30.07K |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Mar 16, 2026Form 4 | Jones Jason CChief Operating Officer | BuyCommon Stock · indirect | 1.3K | $11.85 | $15.5K | 4.4K |
| Mar 16, 2026Form 4 | Wong JeromeChief Financial Officer | BuyCommon Stock · indirect | 1.3K | $11.85 | $15.5K | 4.2K |
| Feb 19, 2026Form 4 | ASHER DANIELTenPercentOwner | BuyCommon Stock · indirect | 15.5K | $12.30 | $191.1K | 270.4K |
| Feb 19, 2026Form 4 | ASHER DANIELTenPercentOwner | BuyCommon Stock · indirect | 1.2K | $9.60 | $11.5K | 260.0K |
| Feb 13, 2026Form 4 | ASHER DANIELTenPercentOwner | BuyCommon Stock · indirect | 16.1K | $8.96 | $144.3K | 258.8K |