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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
May 31, 2024
May 31, 2023
Revenue:    
Total revenue $ 165,575 $ 55,392
Costs and expenses:    
Cost of revenues 148,340 44,388
Selling, general and administrative [1] 98,461 55,059
Loss on classification as held for sale 15,417 0
Loss from legal settlement 2,380 0
Total costs and expenses 264,598 99,447
Operating loss (99,023) (44,055)
Interest expense, net [2] 26,832 1,980
Loss on change in fair value of debt 7,401 0
Loss on change in fair value of related party debt 13,812 0
Loss on extinguishment of debt [3] 2,507 94
Net loss before income tax expenses (149,575) (46,129)
Income tax expense (benefit) 96 (523)
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 net loss per share attributable to Applied Digital Corporation (in dollars per share) $ (1.31) $ (0.48)
Diluted net loss per share attributable to Applied Digital Corporation (in dollars per share) $ (1.31) $ (0.48)
Basic weighted average number of shares outstanding (in shares) 114,061,414 93,976,233
Diluted weighted average number of shares outstanding (in shares) 114,061,414 93,976,233
Nonrelated Party    
Revenue:    
Total revenue $ 150,814 $ 40,984
Related Party    
Revenue:    
Total revenue $ 14,761 $ 14,408
[1] Includes related party selling, general and administrative expense of $0.6 million and $0.1 million for the fiscal years ended May 31, 2024 and May 31, 2023, respectively
[2] Includes related party interest expense of $5.7 million and $0.1 million for the fiscal years ended May 31, 2024 and May 31, 2023, respectively.
[3] Amounts included in the fiscal year ended May 31, 2024 are related to the extinguishment of related party debt.