Applied Digital Corp.

• 10-QQ1 FY2027

  Filed Oct 7

  Polaris Forge 1 begins generating rent, but tenant fit-outs and GPU resale inflate revenue growth as financing costs deepen losses.

  • Revenue$341.9MYoY +322.4%
  • Net income−$235.5MYoY −1291.6%

• 8-KEarningsGuidance

  Filed Oct 7

  HPC tenant fit-outs and first full quarter of rent drove growth; higher operating costs, financing and fair-value charges widened GAAP losses.

• 10-KFY2026

  Filed Jul 29

  Polaris Forge 1 launch drove AI revenue growth dominated by tenant fit-outs rather than rent; campus construction remains externally funded.

  • Revenue$611.3MYoY +167.5%
  • Net income−$244.0MYoY −5.6%

• 8-KPositiveEarnings

  Filed Jul 27

  New HPC take-or-pay leases expanded the contracted buildout; tenant fit-outs and rental launches drove revenue growth.

Coverage: 10-K, 10-Q and 8-K filings filed since Jul 1, 2026.

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