Company / Net Income
Applied Digital Corp. Net Income History
FY2020-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
-$231.1M
FY2024
5-year range
-$231.1M / -$23.5M
FY2020-FY2024
Trend
-54.8%
vs FY2023
Sector context
#279 of 317
Information Technology
What the data says
Applied Digital Corp.'s net income of -$231M is lower than 88% of companies in the Information Technology sector (FY2024). Net Income has declined for 4 consecutive years, from -$568,000 in FY2020 to -$231M in FY2024.
Based on SEC 10-K filings.
-$231M in FY2024.
Declined from -$45M to -$231M over the past 2 years.
Information Technology sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 12% in Information TechnologyTop 88% of 317This company -$231.1M Sector average $1.6B
▼
-114.6% below sector average
Key checks
Key Insights
- Applied Digital Corp.'s net income has declined for 4 consecutive years.
- In FY2024, net income decreased 54.8% year-over-year.
- Ranks #279 out of 317 companies in the Information Technology sector.
- Peak net income was recorded in FY2020.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -0.11 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | -$231.1M | -54.8% |
| FY2023 | -$149.3M | -234.4% |
| FY2022 | -$44.6M | -89.8% |
| FY2021 | -$23.5M | -4040.8% |
| FY2020 | -$568.0K | - |
As of FY2024 · SEC 10-K · Updated Mar 24, 2026