# Applied Digital Corp. (APLD)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/applied-digital-corp/ JSON: https://steadybase.io/company/applied-digital-corp.json Checked Nov 10, 2026. Latest filing read: Oct 7, 2026.

## Company

- Legal name: Applied Digital Corp.
- Ticker: APLD (Nasdaq)
- SEC CIK: 0001144879
- Industry: Services-Computer Processing & Data Preparation (SIC 7374)
- Headquarters: Dallas, TX
- Fiscal year ends: May 31
- SEC filer category: Large accelerated filer
- Website: applieddigital.com
- LinkedIn: https://www.linkedin.com/company/applied-blockchain-inc
- Next earnings date: Jan 6, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $611.3M for the fiscal year ended May 31, 2026 (10-K filed Jul 29, 2026). Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/0001144879-26-000048-index.html
- Operating income: -$236.5M for the fiscal year ended May 31, 2026 (10-K filed Jul 29, 2026). Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/0001144879-26-000048-index.html
- Net income: -$184.3M for the fiscal year ended May 31, 2026 (10-K filed Jul 29, 2026). Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/0001144879-26-000048-index.html
- SG&A: $332.1M for the fiscal year ended May 31, 2026 (10-K filed Jul 29, 2026). Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/0001144879-26-000048-index.html
- Employees: 256 as of May 31, 2026, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
- Shares outstanding: 302,387,140 as of Oct 6, 2026 (10-Q filed Oct 7, 2026). Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000059/0001144879-26-000059-index.html
- Auditor: Cbiz Cpas P.C., New York, NY, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm

## Business

-based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”), machine learning, and other accelerated-compute applications. We design, build, and operate high-performance, sustainably engineered data centers—which we refer to as AI factories—and deliver that capacity to investment-grade hyperscalers and other leading compute customers under long-term lease and hosting arrangements.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| May 31, 2026 | $611.3M | -$236.5M | -$184.3M | $332.1M |
| May 31, 2025 | $228.6M | -$72.2M | -$231.1M | $107.9M |
| May 31, 2024 | $165.6M | -$98.3M | -$149.3M | $97.8M |
| May 31, 2023 | $55.4M | -$42.9M | -$44.6M | $53.9M |
| May 31, 2022 | $8.5M | -$20.9M | -$23.5M | $19.9M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/applied-digital-corp.json

## Officers and directors

- Wes Cummins, CEO; Chairman. LinkedIn: https://linkedin.com/in/wes-cummins-63114481. Source: Form 4 filed Aug 4, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000139193526000005/0001391935-26-000005-index.htm
- Mohammad Saidal LaVanway Mohmand, Chief Financial Officer. Source: Form 4 filed Aug 4, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000162828026052805/0001628280-26-052805-index.htm
- Saidal Mohmand, Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer). Source: 10-K filed Jul 29, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
- Jason Gechen Zhang, President. Source: Form 4 filed Sep 14, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000190044526000004/0001900445-26-000004-index.htm
- Laura Laltrello, Chief Operating Officer. LinkedIn: https://linkedin.com/in/lauralaltrello. Source: Form 4 filed Aug 4, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000205089726000002/0002050897-26-000002-index.htm
- Chuck Hastings, Director. Source: 10-K filed Jul 29, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
- Douglas Miller, Director. Source: 10-K filed Jul 29, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
- Ella Benson, Director. Source: 10-K filed Jul 29, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
- Rachel Lee, Director. Source: 10-K filed Jul 29, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
- Richard Nottenburg, Director. Source: 10-K filed Jul 29, 2026, https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm

## Recent 8-K events

- Nov 6, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000063/apld-20261104.htm
- Oct 7, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000057/apld-20261007.htm
- Jul 27, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000044/apld-20260727.htm
- Jun 26, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 3.02, Unregistered sales of equity securities; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1144879/000149315226030333/form8-k.htm
- Jun 16, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1144879/000149315226028899/form8-k.htm
- Jun 9, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/form8-k.htm
- Jun 9, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1144879/000149315226027979/form8-k.htm
- Jun 9, 2026: Item 7.01, Regulation FD disclosure; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1144879/000149315226027857/form8-k.htm
- May 5, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.01, Completion of acquisition or disposition of assets; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1144879/000149315226021333/form8-k.htm
- Apr 23, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000036/apld-20260423.htm

## Insider trades (Form 4)

- Oct 16, 2026: Jason Gechen Zhang (President) bought 300,000 shares, about $5.7M. Source: https://www.sec.gov/Archives/edgar/data/1144879/000190044526000006/0001900445-26-000006-index.htm
- Oct 16, 2026: Wes Cummins (CEO; Chairman) bought 55,803 shares, about $1.0M. Source: https://www.sec.gov/Archives/edgar/data/1144879/000139193526000009/0001391935-26-000009-index.htm
- Oct 13, 2026: Richard N. Nottenburg (Director) sold 31,250 shares, about $682,500. Source: https://www.sec.gov/Archives/edgar/data/1144879/000116681626000007/0001166816-26-000007-index.htm
- Aug 4, 2026: Richard N. Nottenburg (Director) sold 75,000 shares, about $2.3M. Source: https://www.sec.gov/Archives/edgar/data/1144879/000162828026054432/0001628280-26-054432-index.htm
- Apr 30, 2026: Richard N. Nottenburg (Director) sold 25,000 shares, about $832,375. Source: https://www.sec.gov/Archives/edgar/data/1144879/000116681626000005/0001166816-26-000005-index.htm
- Apr 27, 2026: Douglas S. Miller (Director) sold 10,000 shares, about $349,800. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000038/0001144879-26-000038-index.htm
- Jan 29, 2026: Chuck Hastings (Director) sold 45,987 shares, about $1.8M. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000016/0001144879-26-000016-index.htm
- Jan 16, 2026: Wes Cummins (CEO; Chairman) sold 165,000 shares, about $6.0M. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000012/0001144879-26-000012-index.htm
- Jan 15, 2026: Richard N. Nottenburg (Director) sold 23,606 shares, about $834,860. Source: https://www.sec.gov/Archives/edgar/data/1144879/000116681626000002/0001166816-26-000002-index.htm
- Jan 12, 2026: Douglas S. Miller (Director) sold 10,000 shares, about $385,400. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000010/0001144879-26-000010-index.htm
- Nov 28, 2025: Douglas S. Miller (Director) sold 8,000 shares, about $215,840. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487925000113/0001144879-25-000113-index.htm
- Nov 24, 2025: Ella G. Benson (Director) sold 8,581 shares, about $199,251. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487925000108/0001144879-25-000108-index.htm
- Oct 31, 2025: Chuck Hastings (Director) sold 75,000 shares, about $2.6M. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487925000092/0001144879-25-000092-index.htm
- Oct 31, 2025: Richard N. Nottenburg (Director) sold 14,375 shares, about $510,656. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487925000086/0001144879-25-000086-index.htm
- Oct 29, 2025: Ella G. Benson (Director) sold 42,569 shares, about $1.5M. Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487925000089/0001144879-25-000089-index.htm

## What management said

- "Our goal is to establish Applied Digital as the category leader in the design, construction, deployment, and operation of purpose-built AI factories" Wes Cummins, Chairman and Chief Executive Officer of Applied Digital (8-K filed Oct 7, 2026). Source: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000057/apldq127earningsrelease.htm

## Latest filings

- 8-K filed Oct 7, 2026: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000057/apld-20261007.htm
- 10-K filed Jul 29, 2026: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
- 10-Q filed Oct 7, 2026: https://www.sec.gov/Archives/edgar/data/1144879/000114487926000059/apld-20260831.htm
- DEF 14A filed Sep 25, 2026: https://www.sec.gov/Archives/edgar/data/1144879/000149315226044325/formdef14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/