Applied Digital Corp. (APLD), a data center developer, reported that its net loss widened for the first quarter compared to last year, despite significantly higher revenues.
Looking ahead, the company said, "With a multi-GW pipeline, active and increasing hyperscaler interest, and long-term contracted visibility, we are positioned to scale rapidly at a moment when demand for advanced infrastructure is reaching unprecedented levels worldwide."
In the pre-market activity on the Nasdaq, the shares wre gaining 21.4 percent or 6.28 cents, to trade at $35.57.
In the first quarter, the company's net loss attributable to stockholders widened to $18.50 million from a loss of $4.29 million in the previous year.
On a per share basis, net loss increased to $0.07 from loss of $0.03 a year ago.
On a continuing operations basis, the company slipped to net loss of $27.82 million from a profit of $15.87 million last year.
Loss per share from continuing operations was $0.11, compared to earnings of $0.11 per share a year ago.
Adjusted net loss from continuing operations was $7.57 million or $0.03 per share in the latest quarter, compared to loss of $0.80 million or $0.01 per share a year ago.
For the quarter, revenue was $64.22 million, 84% higher than $32.92 million in the prior year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.