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Business Segments (Tables)

v3.26.1
Business Segments (Tables) - Applied Digital Cloud Corporation [Member]
 9 Months Ended 12 Months Ended
Feb. 28, 2026
May 31, 2025
Restructuring Cost and Reserve [Line Items]    
Schedule of Reconciliation to Net Loss Before Income Tax Expense  

The following table presents a reconciliation to net loss before income tax expense (in thousands):

 

    May 31, 2025     May 31, 2024  
    Fiscal Year Ended  
    May 31, 2025     May 31, 2024  
Revenue   $ 84,376     $ 28,957  
Less:                
Depreciation and amortization costs     80,656       57,884  
Lease and related costs     38,567       18,727  
Adjusted cost of revenues (1)     11,901       5,021  
Adjusted selling, general and administrative (1)     8,997       12,811  
Gain on abandonment of assets     (414 )     —  
Total operating expenses     139,707       94,443  
Operating loss     (55,331 )     (65,486 )
Interest expense, net     17,399       9,809  
Net loss before income tax expense   $ (72,730 )   $ (75,295 )

 

(1) Excludes depreciation and amortization costs and lease and related costs.
Schedule of Reconciliation to Net Loss Before Income Tax Expense

The following tables presents reco nciliation to net loss before income tax expense (in thousands):

 

    February 28, 2026     February 28, 2025     February 28, 2026     February 28, 2025  
    Three Months Ended     Nine Months Ended  
    February 28, 2026     February 28, 2025     February 28, 2026     February 28, 2025  
Revenue   $ 18,087     $ 17,754     $ 53,207     $ 71,313  
Less:                                
Depreciation and amortization costs     15,191       14,404       44,641       66,355  
Lease and related costs     6,598       20,574       20,370       39,025  
Adjusted cost of revenues (1)     2,920       2,810       7,989       8,856  
Adjusted selling, general and administrative (1)     3,860       281       4,529       (988 )
Loss on abandonment of assets     107       —       598       —  
Total operating expenses     28,676       38,069       78,127       113,248  
Operating loss     (10,589 )     (20,315 )     (24,920 )     (41,935 )
Interest expense, net     2,058       4,541       7,897       13,444  
Net loss before income tax expense   $ (12,647 )   $ (24,856 )   $ (32,817 )   $ (55,379 )

 

(1) Excludes depreciation and amortization costs and lease and related costs.