v3.26.1
Condensed Combined Balance Sheets - Applied Digital Cloud Corporation [Member] - USD ($)
$ in Thousands
Feb. 28, 2026
May 31, 2025
May 31, 2024
Current assets:      
Cash $ 107 $ 2,398
Accounts receivable 10,714 3,788
Prepaid expenses and other current assets 559 223 333
Total current assets 11,380 6,409 333
Property and equipment, net 32,505 10,922 11,278
Operating lease right of use assets, net 76,959 91,374 152,090
Finance lease right of use assets, net 135,142 195,495 209,933
Other assets   581
TOTAL ASSETS 255,986 304,200 374,215
Current liabilities:      
Accounts payable 3,796 3,962 11,589
Accrued liabilities 3,814 572 1,580
Current portion of operating lease liability 17,606 16,093 21,101
Current portion of finance lease liability 50,777 133,407 102,400
Deferred revenue 152 3,594 31,178
Total current liabilities 76,145 157,628 167,848
Long-term portion of operating lease liability 44,985 58,420 108,668
Long-term portion of finance lease liability 20,498 59,907
Long-term debt 12,000 12,000
Total liabilities 153,628 228,048 336,423
Parent company net investment      
Parent company net investment 102,358 76,152 37,792
Total parent company net investment 102,358 76,152 37,792
TOTAL LIABILITIES AND PARENT COMPANY NET INVESTMENT $ 255,986 $ 304,200 $ 374,215