Applied Digital FY27 Q1 net loss attributable to common stockholders widens to $221 million; revenue rises to $341.9 million
APLD•Applied Digital reported fiscal first-quarter revenue of $341.9 million and a net loss attributable to common stockholders of $221 million, or $0.76 per share. It closed $1.59 billion of 7.000% senior secured notes due 2031 and delivered a second 75 MW phase at Polaris Forge 1, bringing live capacity to 250 MW.
1. Quarterly results
For the fiscal first quarter ended Aug. 31, 2026, Applied Digital reported revenue of $341.9 million and a net loss attributable to common stockholders of $221 million, or $0.76 per basic and diluted share. Services revenue rose 225% to $262.8 million, while data center rental and other revenue was $79.1 million. Selling, general and administrative expenses climbed 289% to $114.7 million, and interest expense rose to $77.4 million.
2. Financing and capacity
The company closed $1.59 billion of 7.000% senior secured notes due 2031. It also delivered the second 75 MW phase at Polaris Forge 1, lifting live capacity to 250 MW.
