v3.26.1
Revenue from Contracts with Customers (Tables) - Applied Digital Cloud Corporation [Member]
9 Months Ended 12 Months Ended
Feb. 28, 2026
May 31, 2025
Restructuring Cost and Reserve [Line Items]    
Schedule of Revenue Concentration

Below is a summary of the Company’s revenue concentration by major customer for the three and nine months ended February 28, 2026 and February 28, 2025, respectively.

 

   February 28, 2026   February 28, 2025   February 28, 2026   February 28, 2025 
   Three Months Ended   Nine Months Ended 
   February 28, 2026   February 28, 2025   February 28, 2026   February 28, 2025 
Customer A   100%   100%   100%   73%
Customer B   %   %   %   27%

Below is a summary of the Company’s revenue concentration by major customer for the fiscal years ended May 31, 2025 and May 31, 2024:

 

   May 31, 2025   May 31, 2024 
Customer A   77%   29%
Customer B   23%   71%
Schedule of Deferred Revenue

Changes in the Company’s deferred revenue balances for the nine months ended February 28, 2026 and February 28, 2025, respectively, are shown in the following table (in thousands):

 

   February 28, 2026   February 28, 2025 
   Nine Months Ended 
   February 28, 2026   February 28, 2025 
Balance, beginning of period  $3,594   $31,178 
Advance billings   49,765    54,030 
Revenue recognized   (53,207)   (71,313)
Other adjustments       (9,643)
Balance, end of period  $152   $4,252 

Changes in the Company’s deferred revenue balances for the fiscal years ended May 31, 2025 and May 31, 2024, respectively, are shown in the following table (in thousands):

 

   May 31, 2025   May 31, 2024 
Balance, beginning of period  $31,178   $ 
Advance billings   66,435    60,135 
Revenue recognized   (84,376)   (28,957)
Other adjustments(1)   (9,643)    
Balance, end of period  $3,594   $31,178