As of Q2'26 (2025-11-30), APLD reported a net income of -17.51M USD, reflecting a continued net loss for the quarter. The year-over-year (YoY) change for this period was +87.38%, indicating a significant improvement compared to the same quarter in the previous year. Over the period from Q3'23 to Q2'26, APLD's net income has exhibited considerable volatility, with losses deepening sharply in Q3'24 (-62.84M USD) and reaching a peak loss in Q2'25 at -138.73M USD. However, the subsequent quarters show a notable recovery, with net losses narrowing and YoY growth turning positive in several recent quarters. This trend suggests that while the company continues to operate at a loss, the scale of those losses has decreased significantly in the most recent periods, pointing to potential operational improvements or cost controls.