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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Revenue:        
Total revenue $ 43,348 $ 14,090 $ 121,876 $ 33,354
Costs and expenses:        
Cost of revenues [1] 47,061 10,533 102,051 28,450
Selling, general and administrative [2] 30,386 10,546 67,142 42,779
Loss on classification as held for sale 21,723 0 21,723 0
Loss from legal settlement 0 0 2,380 0
Total costs and expenses 99,170 21,079 193,296 71,229
Operating loss (55,822) (6,989) (71,420) (37,875)
Interest expense, net [3] 4,404 352 8,836 1,061
Loss on change in fair value of related party debt 2,612 0 2,612 0
Loss on extinguishment of debt [4] 0 0 2,353 94
Net loss before income tax expenses (62,838) (7,341) (85,221) (39,030)
Income tax benefit 0 0 0 (280)
Net loss (62,838) (7,341) (85,221) (38,750)
Net loss attributable to noncontrolling interest 0 (316) (397) (577)
Net loss attributable to Applied Digital Corporation $ (62,838) $ (7,025) $ (84,824) $ (38,173)
Basic net loss per share attributable to Applied Digital Corporation (in dollars per share) $ (0.52) $ (0.07) $ (0.77) $ (0.41)
Diluted net loss per share attributable to Applied Digital Corporation (in dollars per share) $ (0.52) $ (0.07) $ (0.77) $ (0.41)
Basic weighted average number of shares outstanding (in shares) 121,426,622 94,119,944 110,500,556 93,545,687
Diluted weighted average number of shares outstanding (in shares) 121,426,622 94,119,944 110,500,556 93,545,687
Nonrelated Party        
Revenue:        
Total revenue $ 40,284 $ 10,054 $ 110,993 $ 23,139
Related Party        
Revenue:        
Total revenue $ 3,064 $ 4,036 $ 10,883 $ 10,215
[1] Includes cost of revenues attributable to related party revenues of $2.5 million and $3.1 million for the three months ended February 29, 2024 and February 28, 2023, respectively, and $6.6 million and $8.8 million for the nine months ended February 29, 2024 and February 28, 2023, respectively.
[2] Includes related party selling, general and administrative expense of $0.1 million and $0.5 million for the three and nine months ended February 29, 2024, respectively. There was no related party selling, general and administrative expense incurred during the three and nine months ended February 28, 2023.
[3] Includes related party interest expense of $0.2 million and $0.8 million for the three months ended and nine months ended February 29, 2024, respectively. There was no related party debt issued during three and nine months ended February 28, 2023 and as such, no interest expense was incurred related to related party debt.
[4] Amounts included in the nine months ended February 29, 2024 are related to the extinguishment of related party debt.