Applied Digital Corporation (APLD) Q2 2025 Earnings Call Transcript

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Applied Digital Corporation (NASDAQ:APLD) Q2 2025 Results Conference Call January 14, 2025 5:00 PM ET

Company Participants

Matt Glover – IR, Gateway Group, Inc.
Wes Cummins – CEO
Saidal Mohmand – CFO

Conference Call Participants

Nick Giles – B. Riley Securities
Rob Brown – Lake Street Capital
Darren Aftahi – ROTH Capital Partners
Mike Grondahl – Northland Securities
George Sutton – Craig-Hallum
Brett Knoblauch – Cantor Fitzgerald

Operator

Good afternoon, and welcome to Applied Digital’s Fiscal Second Quarter 2025 Conference Call. My name is Julian, and I’ll be your operator for today. For this call, Applied Digital issued its financial results for fiscal second quarter ended November 30, 2024, and a press release, a copy of which will be furnished in a report on a Form 8-K filed with the SEC and will be available in the Investor Relations section of the company’s website.

Joining us today — or joining us on today’s call are Applied Digital’s Chairman and CEO, Wes Cummins; and CFO, Saidal Mohmand. Following their remarks, we will open the call for questions. Before we begin, Matt Glover from Gateway Group will make a brief introductory statement. Mr. Glover, you may begin.

Matt Glover

Thank you, Julian. Good afternoon, everyone, and welcome to Applied Digital’s fiscal second quarter 2025 conference call.

Before management begins formal remarks, we would like to remind everyone that some statements we’re making today may be considered forward-looking statements under securities laws and involve a number of risks and uncertainties. As a result, we caution you that a number of factors, many of which are beyond our control, could cause actual results and events to differ materially from those described in the forward-looking statements.

For more detailed risks, uncertainties and assumptions relating to our forward-looking statements, please see the disclosures in our earnings release and

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