Financial Statements — APLD
Balance Sheet
(in billions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 |
|---|
| Cash & Equivalents | 1.73 | 1.91 | 0.07 | 0.07 | 0.29 | 0.06 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 |
| Accounts Receivable | 0.02 | 0.01 | 0.03 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Assets | 2.43 | 2.72 | 0.64 | 0.27 | 0.33 | 0.08 | 0.11 | 0.04 | 0.03 | 0.02 | 0.02 | 0.04 | 0.02 |
| Property, Plant & Equipment | 3.01 | 2.00 | 1.46 | 1.00 | 0.77 | 0.48 | 0.21 | 0.26 | 0.22 | 0.17 | 0.13 | 0.10 | 0.04 |
| Total Non-current Assets* | 3.82 | 2.51 | 1.76 | 1.43 | 1.21 | 0.85 | 0.54 | 0.44 | 0.32 | 0.18 | 0.15 | 0.10 | 0.04 |
| Total Assets | 6.25 | 5.23 | 2.40 | 1.71 | 1.54 | 0.94 | 0.64 | 0.48 | 0.35 | 0.21 | 0.17 | 0.15 | 0.06 |
| Accounts Payable | 0.38 | 0.09 | 0.17 | 0.17 | 0.19 | 0.14 | 0.09 | 0.04 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 1.02 | 0.56 | 0.99 | 0.39 | 0.42 | 0.39 | 0.35 | 0.20 | 0.15 | 0.11 | 0.07 | 0.05 | 0.02 |
| Total Non-current Liabilities* | 2.66 | 2.59 | 0.31 | 0.82 | 0.63 | 0.25 | 0.18 | 0.12 | 0.07 | 0.03 | 0.03 | 0.02 | 0.00 |
| Total Liabilities | 3.68 | 3.16 | 1.29 | 1.21 | 1.05 | 0.64 | 0.52 | 0.32 | 0.22 | 0.14 | 0.10 | 0.07 | 0.02 |
| Retained Earnings | (0.58) | (0.51) | (0.50) | (0.43) | (0.39) | (0.25) | (0.19) | (0.12) | (0.11) | (0.09) | (0.09) | (0.06) | (0.05) |
| Total Stockholder Equity | 1.58 | 1.45 | 1.04 | 0.45 | 0.43 | 0.24 | 0.12 | 0.16 | 0.13 | 0.06 | 0.06 | 0.07 | (0.01) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 |
|---|
| Total Revenue | 126.64 | 126.59 | 64.22 | (33.30) | 52.92 | 63.87 | 60.70 | 43.70 | 43.35 | 42.20 | 36.32 | 22.04 | 14.09 | 12.34 | 6.92 | 7.52 | 1.03 |
| Cost of Revenue | 72.83 | 100.55 | 55.61 | (61.11) | 49.14 | 52.36 | 61.06 | 47.66 | 47.06 | 29.22 | 24.40 | 15.95 | 10.53 | 11.81 | 6.09 | 7.43 | 2.07 |
| Gross Profit | 53.81 | 26.04 | 8.61 | 27.81 | 3.78 | 11.15 | (0.36) | (2.59) | 19.83 | 12.98 | 11.93 | 6.09 | 3.56 | 0.53 | 0.83 | 0.09 | (1.05) |
| Selling, General & Admin | 79.72 | 56.99 | 29.15 | 16.21 | 22.72 | 29.79 | 14.34 | 29.95 | 30.39 | 21.08 | 17.05 | 13.91 | 10.51 | 26.50 | 4.13 | 4.32 | 1.36 |
| Total Operating Expenses | 139.47 | 56.99 | 30.90 | 16.58 | 22.72 | 20.28 | (9.84) | 25.01 | 10.51 | 21.16 | 17.05 | 12.33 | 28.33 | 27.21 | 5.01 | 4.36 | 1.37 |
| Operating Income | (85.67) | (30.96) | (22.29) | 11.23 | (18.94) | (18.61) | 9.48 | (29.90) | (55.82) | (8.17) | (5.13) | (6.24) | (6.96) | (26.68) | (4.18) | (4.27) | (2.42) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 18.00 | 4.40 | 2.36 | 2.07 | 0.86 | 0.38 | 0.39 | 0.36 | 0.11 | 0.00 |
| Pretax Income | (70.56) | (26.55) | (26.24) | 20.18 | (35.44) | (138.72) | (4.25) | (64.35) | (62.84) | (10.53) | (11.85) | (7.10) | (7.34) | (27.06) | (4.63) | (3.91) | -- |
| Tax Provision | -0.00 | 0.02 | 0.01 | (0.02) | 0.12 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 | (0.24) | 0.00 | (0.31) | 0.03 | 0.27 | 0.06 |
| Net Income | (70.56) | (14.45) | (16.93) | (52.54) | (35.55) | (138.73) | (4.25) | (64.45) | (62.84) | (10.53) | (11.46) | (6.47) | (7.02) | (26.62) | (4.53) | (2.81) | (6.44) |
| Basic EPS | (0.36) | (0.07) | (0.07) | (0.31) | (0.16) | (0.66) | (0.03) | (0.57) | (0.52) | (0.10) | (0.12) | (0.07) | (0.08) | (0.29) | (0.05) | 0.00 | (0.12) |
| Diluted EPS | (0.36) | (0.07) | (0.07) | (0.31) | (0.16) | (0.66) | (0.03) | (0.57) | (0.52) | (0.10) | (0.12) | (0.07) | (0.08) | (0.29) | (0.05) | 0.00 | (0.12) |
Cash Flow Statement
(in billions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 |
|---|
| Operating Cash Flow | 0.06 | (0.02) | (0.08) | 0.01 | 0.01 | (0.05) | (0.08) | (0.03) | 0.04 | 0.00 | 0.00 | 0.00 | 0.03 | 0.01 | 0.02 | -0.00 | 0.00 |
| Capital Expenditures | 0.78 | 0.55 | 0.25 | 0.20 | 0.26 | 0.17 | 0.05 | 0.05 | 0.04 | 0.01 | 0.08 | -- | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 |
| Free Cash Flow* | (0.72) | (0.57) | (0.33) | (0.19) | (0.25) | (0.22) | (0.13) | (0.09) | -0.00 | (0.01) | (0.07) | -- | 0.00 | (0.03) | (0.01) | (0.03) | (0.03) |
| Investing Cash Flow | (0.78) | (0.57) | (0.25) | (0.20) | (0.26) | (0.17) | (0.03) | (0.05) | (0.06) | (0.03) | (0.04) | (0.04) | (0.03) | (0.04) | (0.03) | (0.01) | (0.04) |
| Financing Cash Flow | 0.53 | 2.77 | 0.32 | 0.06 | 0.20 | 0.46 | 0.16 | 0.07 | 0.02 | 0.02 | 0.02 | 0.05 | 0.00 | 0.01 | 0.01 | 0.05 | 0.03 |
* Derived from reported values
