Applied Digital reported fiscal first quarter results ending August 31, 2026, with revenues of $341.9 million, a 322% increase from the prior year comparable period. The company posted a net loss attributable to common stockholders of $221.0 million, or $0.76 per share. Adjusted EBITDA reached $64.4 million, and adjusted revenue was $300.4 million after excluding results from majority-owned subsidiary ChronoScale. During the quarter, Applied Digital closed $1.59 billion of 7.000% Senior Secured Notes due 2031 to fund construction at Polaris Forge 1 and repay a bridge facility. The company also delivered an additional 75 MW phase at Polaris Forge 1, bringing total live capacity to 250 MW, and secured up to approximately 1 GW of potential power capacity in Finland. Applied Digital designs, develops, owns, and operates large-scale data centers engineered for high-performance computing and AI workloads.
