Applied Digital’s Fiscal Q4 2025 Earnings: Revenue Growth and Stock Surge
Dallas, January 7, 2026 – In July 2025, Applied Digital Corporation (Nasdaq: APLD) reported financial results for its fiscal fourth quarter and full year ended May 31, 2025, highlighting strong revenue growth in its data center hosting business. The company, a designer and operator of next-generation digital infrastructure for high-performance computing and data center hosting, saw revenues rise 41% year-over-year, driven by increased capacity at its facilities. APLD shares jumped 23.93% in pre-market trading following the announcement, reflecting investor optimism amid robust demand for crypto mining and AI infrastructure.
Key Financial Highlights
Applied Digital’s fiscal Q4 2025 revenues totaled $38 million, compared to $26.9 million in the prior-year quarter. The growth was primarily attributed to expanded capacity in the company’s data center hosting segment, with facilities in North Dakota operating at full capacity. For the full fiscal year 2025, revenues reached $144.2 million, up 6% from $136.6 million in fiscal 2024. The company reported a net loss of $0.12 per share, beating analyst estimates of a $0.15 loss, and an adjusted net loss of $0.03 per share.
Operational Updates and Future Outlook
The company noted strong demand for its services, fueled by high Bitcoin prices and interest from hyperscalers. Applied Digital has relationships with major cloud providers and is expanding its AI infrastructure capabilities. Looking ahead, the firm anticipates significant revenue growth, aiming for $1 billion in annual net operating income within three to five years. Additional proceeds of $268.9 million were raised post-quarter from an ATM and preferred stock offering, bolstering its balance sheet with $120.9 million in cash equivalents.
Key Facts / Stats
| Metric | Fiscal Q4 2025 | Fiscal Q4 2024 | Full Year 2025 | Full Year 2024 |
|---|---|---|---|---|
| Revenue ($ millions) | $38.0 | $26.9 | $144.2 | $136.6 |
| Net Loss per Share | $-0.12 | $-0.52 | $-0.06 | $-0.52 |
| Adjusted Net Loss per Share | $-0.03 | N/A | $-0.06 | N/A |
| Stock Price Reaction (Pre-market %) | +23.93% | N/A | N/A | N/A |
Frequently Asked Questions
What drove Applied Digital’s revenue growth in fiscal Q4 2025?
The 41% year-over-year increase in revenues was mainly due to higher capacity utilization in the company’s data center hosting business, particularly at its 106 MW and 180 MW facilities in North Dakota, which were fully operational for crypto mining.
How did APLD’s stock perform after the earnings report?
Shares of Applied Digital surged 23.93% in pre-market trading on July 30, 2025, following the release of the fiscal Q4 2025 results, as the company beat earnings expectations.
What is Applied Digital’s outlook for future growth?
Applied Digital expects sequential revenue increases and aims to reach $1 billion in annual net operating income in three to five years, focusing on AI infrastructure expansion and partnerships with hyperscalers.