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Earnings Per Share | 12 Months Ended
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May 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:
| Fiscal Year Ended
| May 31, 2024 |  | May 31, 2023
Net loss | $ | (149,671) |  |  | $ | (45,606) |
Net loss attributable to noncontrolling interest | (397) |  |  | (960) |
Net loss attributable to Applied Digital Corporation | $ | (149,274) |  |  | $ | (44,646) |
Basic and diluted net loss per share attributable to Applied Digital Corporation | $ | (1.31) |  |  | $ | (0.48) |
Basic and diluted weighted average number of shares outstanding | 114,061,414 |  |  | 93,976,233 |
As of May 31, 2024 and 2023, the Company had approximately 9.0 million and 12.8 million shares, respectively, of granted but unvested restricted stock and restricted stock units that would have a potentially dilutive effect on earnings per share. As of May 31, 2024, the Company had approximately 19.0 million shares associated with the Yorkville Convertible Debt which have been excluded from the calculation of earnings per share because the effect of those shares would be antidilutive.

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