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Revenue by Segment
Shows how much each business unit contributes to total sales, indicating areas of strength and potential growth or risk depending on market trends and competition.
Datacenter Hosting is the steady, growing revenue engine—driven by HPC lease ramps and PF1/PF2 buildouts—and management expects a significant revenue uplift as additional 150‑MW buildings come online. Cloud Services surged in 2024 but then falls to zero in 2025, reflecting a strategic carve‑out/held‑for‑sale reclassification and a $59.7M noncash write‑down; that one‑time hit explains much of the GAAP loss and cleans up recurring revenue, but financing and site‑timing risks remain as the company scales.
APLD Revenue by Segment
| Date | Datacenter Hosting | Cloud Services |
|---|---|---|
| Aug 31, 2026 | $37.76M | $0.00 |
| May 31, 2026 | $37.34M | $0.00 |
| Feb 28, 2026 | $37.54M | $0.00 |
| Nov 30, 2025 | $41.60M | $0.00 |
| Aug 31, 2025 | $37.92M | $0.00 |
| May 31, 2025 | $36.09M | $0.00 |
| Feb 28, 2025 | $35.17M | $17.75M |
| Nov 30, 2024 | $36.16M | $27.70M |
| Aug 31, 2024 | $34.85M | $25.86M |
| May 31, 2024 | $26.90M | $16.80M |
| Feb 29, 2024 | $37.80M | $5.55M |
| Nov 30, 2023 | $37.75M | $4.45M |
| Aug 31, 2023 | $34.17M | $2.15M |