Applied Digital Corp.
https://appliedblockchaininc.com/AI Executive Summary
AI-powered analysis of 10-Q filing content
Applied Digital shows significant deterioration with operating losses of $111.6M over nine months despite revenue growth to $352.6M. The company recorded a substantial $59.6M loss on held-for-sale classification and accumulated deficit increased to $583.1M. While cash position improved dramatically to $1.73B, this appears driven by financing rather than operations.
Red Flags Detected (7)
Operating loss of $85.7M in Q3 2026 vs $18.9M loss in Q3 2025
Nine-month operating loss expanded to $111.6M from $28.1M prior year
Accumulated deficit increased by $102M to $583.1M
4 more red flags detected
Key Takeaways
Revenue growth of 98% year-over-year not translating to operational efficiency
Massive increase in cash to $1.73B suggests recent equity or debt financing
2 more takeaways
Filing Overview
What This Means
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.