Applied Digital Dips 0.89% on Mixed Earnings, Traded at 478th in $0.25B Volume Amid $11B Lease Expansion

On July 30, 2025, Applied Digital (APLD) fell 0.89% to $X.XX, with a trading volume of $0.25 billion, ranking 478th in market activity. The stock’s performance follows the company’s fiscal fourth-quarter and full-year 2025 earnings report, which highlighted mixed financial results and strategic developments in its data center operations.

For the quarter ended May 31, 2025, APLD reported a 41% year-over-year revenue increase to $38.0 million, driven by higher capacity utilization in its data center hosting business. However, the net loss attributable to common stockholders widened to $26.6 million, or $0.12 per share, reflecting elevated operating costs and interest expenses. The company also secured transformative 15-year lease agreements with CoreWeave for 250MW of capacity at its North Dakota campus, projected to generate $7 billion in revenue. CoreWeave later exercised an option to expand the lease by 150MW, potentially adding $4 billion in contracted revenue, bringing total expected proceeds to $11 billion over the lease terms.

APLD announced a $268.9 million capital raise post-fiscal year through common and preferred stock sales to fund its Polaris Forge 1 HPC facility, which is on track for Q4 2025 completion. The company emphasized cost efficiencies in construction timelines, reduced from 24 to 12–14 months, and highlighted its closed-loop cooling system as a competitive advantage. Despite these initiatives, the fiscal year 2025 net loss totaled $161.0 million, or $0.80 per share, as non-GAAP adjustments excluded discontinued cloud services and restructuring costs.

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