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Applied Digital Corporation(APLD)Earnings, Financials & Key Ratios
APLD•NASDAQ
$44.20
$12.65B mkt cap·Price updated May 6, 2026
AboutApplied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America. It operates through three segments: Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.Show more
- Revenue$216M+57.7%
- EBITDA$11M+76.7%
- Net Income-$231M-54.8%
- EPS (Diluted)-1.16+11.5%
- Gross Margin10.53%-52.0%
- EBITDA Margin5.26%+12.0%
- Operating Margin-33.53%-204.2%
- Net Margin-107.22%+1.9%
- ROE-60.92%+60.3%
- ROIC-7.32%-26.4%
- Debt/Equity1.11+2.0%
- Interest Coverage-4.05-401.0%
APLD Key Insights
Applied Digital Corporation (APLD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 87 (top 13%)
- ✓Strong 5Y sales CAGR of 264.1%
- ✓Trading near 52-week high
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 76.4% in last year
- ✗Expensive at 14.0x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
APLD Price & Volume
Applied Digital Corporation (APLD) stock price & volume — 10-year historical chart
Loading chart...
APLD Growth Metrics
Applied Digital Corporation (APLD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years69.62%
5 Years264.06%
3 Years193.21%
TTM54.24%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM54.66%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM69.68%
Return on Capital
10 Years-33.98%
5 Years-20.01%
3 Years-18.24%
Last Year-9.5%
APLD Recent Earnings
Applied Digital Corporation (APLD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 8, 2026EPS
$0.36
Est $0.10
-260.0%
Revenue
$127M
Est $76M
+67.7%
Q1 2026
Jan 7, 2026EPS
$0.11
Est $0.09
-22.2%
Revenue
$127M
Est $85M
+48.3%
Q4 2025
Oct 9, 2025EPS
$0.11
Est $0.13
+14.7%
Revenue
$64M
Est $50M
+28.5%
Q3 2025
Jul 30, 2025EPS
$0.12
Est $0.12
+0.0%
Revenue
$38M
Est $36M
+5.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 8, 2026 | $0.36vs $0.10-260.0% | $127Mvs $76M+67.7% |
| Q1 2026 | Jan 7, 2026 | $0.11vs $0.09-22.2% | $127Mvs $85M+48.3% |
| Q4 2025 | Oct 9, 2025 | $0.11vs $0.13+14.7% | $64Mvs $50M+28.5% |
| Q3 2025 | Jul 30, 2025 | $0.12vs $0.12+0.0% | $38Mvs $36M+5.9% |
Based on last 12 quarters of dataView full earnings history →
APLD Peer Comparison
Applied Digital Corporation (APLD) competitors in Data Centers and Cloud Infrastructure — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 | ||
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 IREN | 20.26B | 60.98 | 156.36 | 167.65% | -0.64% | 0.53 | ||
 CORZ | 7.77B | 24.63 | -27.99 | -37.53% | -342.93% | |||
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 |
Compare APLD vs Peers
Applied Digital Corporation (APLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
APLD Income Statement
Applied Digital Corporation (APLD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | May'05 | May'06 | May'07 | May'08 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 3.31M | 3.87M | 1.55M | 337K | 0 | 8.55M | 55.39M | 136.62M | 215.51M | 281.74M |
| Revenue Growth % | -7.87% | 16.89% | -60.03% | -78.21% | -100% | - | 547.94% | 146.64% | 57.74% | 54.24% |
| Cost of Goods Sold | 2.36M | 2.48M | 1.43M | 218.61K | 1K | 21.89M | 44.39M | 106.65M | 192.81M | 235.55M |
| COGS % of Revenue | 71.26% | 64.01% | 92.38% | 64.87% | - | 256.08% | 80.13% | 78.07% | 89.47% | - |
| Gross Profit | 951.44K▲ 0% | 1.39M▲ 46.4% | 117.91K▼ 91.5% | 118.39K▲ 0.4% | -1K▼ 100.8% | -13.34M▼ 1334200.0% | 11M▲ 182.5% | 29.96M▲ 172.3% | 22.7M▼ 24.3% | 46.19M▲ 0% |
| Gross Margin % | 28.74% | 35.99% | 7.62% | 35.13% | - | -156.08% | 19.87% | 21.93% | 10.53% | 16.4% |
| Gross Profit Growth % | -14.56% | 46.37% | -91.53% | 0.4% | -100.84% | -1334200% | 182.47% | 172.31% | -24.25% | - |
| Operating Expenses | 2.56M | 3.65M | 3.17M | 2.82M | 331K | 7.55M | 55.06M | 45.02M | 94.95M | 134.97M |
| OpEx % of Revenue | 77.29% | 94.24% | 205.11% | 835.36% | - | 88.37% | 99.4% | 32.95% | 44.06% | - |
| Selling, General & Admin | 2M | 2.59M | 3.04M | 2.53M | 331K | 7.55M | 55.06M | 45.02M | 94.95M | 134.97M |
| SG&A % of Revenue | 60.46% | 67% | 196.7% | 750.87% | - | 88.37% | 99.4% | 32.95% | 44.06% | - |
| Research & Development | 557.14K | 1.05M | 130.23K | 284.72K | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 16.83% | 27.24% | 8.42% | 84.49% | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -1.61M▲ 0% | -2.25M▼ 40.2% | -3.05M▼ 35.5% | -2.7M▲ 11.7% | -332K▲ 87.7% | -20.9M▼ 6194.6% | -44.05M▼ 110.8% | -15.05M▲ 65.8% | -72.25M▼ 379.9% | -88.78M▲ 0% |
| Operating Margin % | -48.55% | -58.25% | -197.49% | -800.23% | - | -244.45% | -79.53% | -11.02% | -33.53% | -31.51% |
| Operating Income Growth % | -258.78% | -40.23% | -35.51% | 11.72% | 87.69% | -6194.58% | -110.81% | 65.83% | -379.92% | - |
| EBITDA | -1.48M | -2.15M | -2.96M | -2.62M | -331K | -19.78M | -36.79M | 6.42M | 11.35M | -53.21M |
| EBITDA Margin % | -44.76% | -55.46% | -191.62% | -778.51% | - | -231.35% | -66.41% | 4.7% | 5.26% | -18.89% |
| EBITDA Growth % | -311.62% | -44.84% | -38.1% | 11.49% | 87.38% | -5875.23% | -86% | 117.46% | 76.67% | -303.54% |
| D&A (Non-Cash Add-back) | 125.66K | 108K | 90.87K | 73.18K | 1K | 1.12M | 7.27M | 21.48M | 83.6M | 35.58M |
| EBIT | -1.38M | -2.23M | -2.8M | -3.28M | -332K | -21.83M | -44.15M | -55.64M | -175.42M | -84.6M |
| Net Interest Income | 223.59K | 283.95K | 240.92K | 97.59K | -236K | -112K | -1.98M | -17.71M | -14.74M | -39.07M |
| Interest Income | 223.59K | 283.95K | 240.92K | 97.59K | 0 | 0 | 0 | 931K | 3.12M | 3.12M |
| Interest Expense | 0 | 0 | 0 | 0 | 236K | 112K | 1.98M | 18.64M | 17.86M | 42.18M |
| Other Income/Expense | 223.59K | 21.61K | 252.94K | -582.42K | -236K | -1.05M | -2.07M | -59.23M | -131.35M | -24.64M |
| Pretax Income | -1.38M▲ 0% | -2.23M▼ 61.3% | -2.8M▼ 25.5% | -3.28M▼ 17.0% | -568K▲ 82.7% | -21.95M▼ 3763.7% | -46.13M▼ 110.2% | -74.28M▼ 61.0% | -203.61M▼ 174.1% | -113.42M▲ 0% |
| Pretax Margin % | -41.8% | -57.69% | -181.14% | -973.06% | - | -256.71% | -83.28% | -54.37% | -94.48% | -40.26% |
| Income Tax | 27.66K | 24.8K | -13.59K | 7.14K | 0 | 540K | -523K | 96K | 102K | 124K |
| Effective Tax Rate % | -2% | -1.11% | 0.49% | -0.22% | 0% | -2.46% | 1.13% | -0.13% | -0.05% | -0.11% |
| Net Income | -1.41M▲ 0% | -2.26M▼ 59.9% | -2.79M▼ 23.5% | -3.29M▼ 17.9% | -568K▲ 82.7% | -23.52M▼ 4040.8% | -44.65M▼ 89.8% | -149.27M▼ 234.4% | -231.06M▼ 54.8% | -122.53M▲ 0% |
| Net Margin % | -42.64% | -58.34% | -180.26% | -975.18% | - | -275.12% | -80.6% | -109.26% | -107.22% | -43.49% |
| Net Income Growth % | -232.77% | -59.92% | -23.51% | -17.86% | 82.72% | -4040.85% | -89.82% | -234.35% | -54.79% | 54.66% |
| Net Income (Continuing) | -1.41M | -2.26M | -2.79M | -3.29M | -568K | -22.49M | -45.61M | -74.38M | -203.71M | -113.55M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | -1.04M | 0 | -75.3M | -27.36M | 1000K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 6.98M | 10.16M | 0 | 0 | 516.97M |
| EPS (Diluted) | -1.02▲ 0% | -1.62▼ 58.8% | -2.04▼ 25.9% | -2.34▼ 14.7% | -0.06▲ 97.4% | -0.41▼ 583.3% | -0.48▼ 17.1% | -1.31▼ 172.9% | -1.16▲ 11.5% | -0.46▲ 0% |
| EPS Growth % | -142.86% | -58.82% | -25.93% | -14.71% | 97.44% | -583.33% | -17.07% | -172.92% | 11.45% | 69.68% |
| EPS (Basic) | -1.02 | -1.62 | -2.04 | -2.34 | -0.06 | -0.41 | -0.48 | -1.31 | -1.16 | - |
| Diluted Shares Outstanding | 1.37M | 1.37M | 1.37M | 1.39M | 8.9M | 57.12M | 93.98M | 114.06M | 201.19M | 266.6M |
| Basic Shares Outstanding | 1.37M | 1.37M | 1.37M | 1.39M | 8.9M | 57.12M | 93.98M | 114.06M | 201.19M | 266.6M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
APLD Balance Sheet
Applied Digital Corporation (APLD) balance sheet — assets, liabilities & shareholders' equity
| Line item | May'05 | May'06 | May'07 | May'08 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 7.96M | 6.65M | 3.79M | 1.13M | 11.75M | 40.36M | 45.76M | 404.14M | 430.59M | 2.72B |
| Cash & Short-Term Investments | 7.39M | 6.15M | 3.39M | 1M | 11.75M | 38.8M | 29M | 3.34M | 113.92M | 1.91B |
| Cash Only | 2.52M | 145.57K | 2.44M | 877.9K | 11.75M | 38.8M | 29M | 3.34M | 113.92M | 1.91B |
| Short-Term Investments | 4.87M | 6M | 950K | 125K | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 415.62K | 130K | 105.54K | 64.4K | 0 | 227K | 82K | 3.85M | 3.04M | 16.76M |
| Days Sales Outstanding | 45.82 | 12.26 | 24.9 | 69.75 | - | 9.69 | 0.54 | 10.28 | 5.15 | 21.36 |
| Inventory | 108.04K | 108.04K | 108.04K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 16.71 | 15.92 | 27.6 | - | - | - | - | - | - | - |
| Other Current Assets | 51.72K | 264.75K | 183.03K | 0 | 0 | -113K | 16.68M | 396.96M | 313.63M | 524.73M |
| Total Non-Current Assets | 1.22M | 509.03K | 432.71K | 137.47K | 3.3M | 79.62M | 218.2M | 358.72M | 1.44B | 2.51B |
| Property, Plant & Equipment | 208.56K | 181.61K | 126.85K | 38.82K | 3.3M | 70.67M | 211.19M | 339.37M | 1.29B | 2.02B |
| Fixed Asset Turnover | 15.87x | 21.31x | 12.19x | 8.68x | - | 0.12x | 0.26x | 0.40x | 0.17x | 0.18x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 180.56K | 230.75K | 275.17K | 68.19K | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 500K | 96.67K | 30.69K | 30.46K | 0 | 0 | 0 | 1.2M | 7M | 52.04M |
| Other Non-Current Assets | 830.01K | 96.67K | 30.69K | 30.46K | 0 | 8.95M | 1.37M | 18.15M | 137.88M | 907.91M |
| Total Assets | 9.18M▲ 0% | 7.16M▼ 22.1% | 4.22M▼ 41.0% | 1.27M▼ 70.0% | 15.05M▲ 1089.6% | 119.98M▲ 697.1% | 263.96M▲ 120.0% | 762.87M▲ 189.0% | 1.87B▲ 145.1% | 5.23B▲ 0% |
| Asset Turnover | 0.36x | 0.54x | 0.37x | 0.27x | - | 0.07x | 0.21x | 0.18x | 0.12x | 0.10x |
| Asset Growth % | -14.31% | -22.06% | -41.05% | -70.01% | 1089.62% | 697.1% | 120% | 189.01% | 145.14% | 705.3% |
| Total Current Liabilities | 769.65K | 831.97K | 592.74K | 477.31K | 2.5M | 29M | 115.46M | 554.11M | 558.14M | 563.4M |
| Accounts Payable | 589.31K | 603.54K | 322.66K | 187.57K | 249K | 13.26M | 6.45M | 104.53M | 247.53M | 92.91M |
| Days Payables Outstanding | 91.17 | 88.92 | 82.42 | 313.18 | 90.89K | 221.08 | 53.01 | 357.73 | 468.59 | 264.89 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 1.33M | 7.95M | 45.92M | 10.33M | 12.55M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 13.4M | 85.06M | 23.56M | 16.13M | 100.7M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 116K | 0 | 0 | 336.52M | 240.29M | 199.63M |
| Current Ratio | 10.35x | 7.99x | 6.39x | 2.36x | 4.70x | 1.39x | 0.40x | 0.73x | 0.77x | 0.77x |
| Quick Ratio | 10.21x | 7.86x | 6.21x | 2.36x | 4.70x | 1.39x | 0.40x | 0.73x | 0.77x | 0.77x |
| Cash Conversion Cycle | -28.63 | -60.74 | -29.92 | - | - | - | - | - | - | -243.54 |
| Total Non-Current Liabilities | 589.31K | 603.54K | 322.66K | 187.57K | 15.13M | 11.75M | 78.82M | 83.92M | 678.22M | 2.7B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 5.9M | 68.48M | 79.47M | 677.83M | 2.59B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 5.31M | 9.34M | 4.45M | 396K | 137.65M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 540K | 5.64M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 15.13M | 0 | 1M | 0 | 0 | 168.95M |
| Total Liabilities | 769.65K | 831.97K | 592.74K | 477.31K | 17.64M | 40.74M | 194.28M | 638.04M | 1.24B | 3.26B |
| Total Debt | 0 | 0 | 0 | 0 | 2.13M | 13.54M | 91.81M | 135.73M | 702.88M | 2.61B |
| Net Debt | -2.52M | -145.57K | -2.44M | -877.9K | -9.62M | -25.25M | 62.81M | 132.39M | 588.96M | 695.24M |
| Debt / Equity | - | - | - | - | - | 0.17x | 1.32x | 1.09x | 1.11x | 1.11x |
| Debt / EBITDA | - | - | - | - | - | - | - | 21.14x | 61.95x | -49.03x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 20.62x | 51.91x | 51.91x |
| Interest Coverage | - | - | - | - | -1.41x | -186.59x | -22.25x | -0.81x | -4.05x | -2.01x |
| Total Equity | 8.41M▲ 0% | 6.33M▼ 24.8% | 3.63M▼ 42.7% | 787.96K▼ 78.3% | -2.58M▼ 427.8% | 79.23M▲ 3167.6% | 69.68M▼ 12.1% | 124.83M▲ 79.2% | 633.73M▲ 407.7% | 1.97B▲ 0% |
| Equity Growth % | -15.52% | -24.82% | -42.67% | -78.27% | -427.81% | 3167.56% | -12.06% | 79.15% | 407.67% | 1412.18% |
| Book Value per Share | 6.14 | 4.62 | 2.65 | 0.57 | -0.29 | 1.39 | 0.74 | 1.09 | 3.15 | 7.38 |
| Total Shareholders' Equity | 8.41M | 6.33M | 3.63M | 787.96K | -2.58M | 72.26M | 59.52M | 124.83M | 633.73M | 1.45B |
| Common Stock | 8.33K | 8.33K | 8.33K | 8.43K | 9K | 98K | 101K | 144K | 230K | 287K |
| Retained Earnings | -4.3M | -6.55M | -9.34M | -12.63M | -21.62M | -56.07M | -100.72M | -249.99M | -481.06M | -512.38M |
| Treasury Stock | -199.83K | -199.83K | -165.46K | -62.37K | -62K | -62K | -62K | -62K | -31.4M | -52.74M |
| Accumulated OCI | -168.79K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 6.98M | 10.16M | 0 | 0 | 516.97M |
APLD Cash Flow Statement
Applied Digital Corporation (APLD) cash flow — operating, investing & free cash flow history
| Line item | May'05 | May'06 | May'07 | May'08 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.4M | -1.66M | -2.73M | -2.34M | -83K | -872K | 58.73M | 13.79M | -115.4M | -115.4M |
| Operating CF Margin % | -42.33% | -43.02% | -176.26% | -694.11% | - | -10.2% | 106.04% | 10.1% | -53.55% | - |
| Operating CF Growth % | -244.77% | -18.8% | -63.78% | 14.21% | 96.45% | -950.6% | 6835.67% | -76.51% | -936.61% | 97.96% |
| Net Income | -1.41M | -2.26M | -2.79M | -3.29M | -568K | -22.49M | -45.61M | -149.67M | -231.06M | -122.53M |
| Depreciation & Amortization | 125.66K | 108K | 90.87K | 323.02K | 1K | 1.12M | 7.61M | 79.36M | 97.94M | 49.92M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 12.34M | 32.07M | 17.36M | 22.7M | 66.75M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 540K | -540K | 0 | 0 | 0 |
| Other Non-Cash Items | 22.18K | 116.54K | 38.12K | 565.98K | 236K | -9.19M | 504K | 60.67M | 144.4M | 43.33M |
| Working Capital Changes | -137.55K | 368.28K | -67.06K | 58.2K | 248K | 16.81M | 64.69M | 6.07M | -149.38M | -122.59M |
| Change in Receivables | -19.11K | 518.95K | 90.44K | 41.38K | 0 | -227K | 145K | -3.77M | -2.93M | -10.01M |
| Change in Inventory | -108.04K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 6.42M | -13.75M | 41.84M | -78.26M | -154.41M |
| Cash from Investing | -84.85K | 1.32M | 5.02M | 777.09K | -3.3M | -45.87M | -132.09M | -172.44M | -667.65M | -777.92M |
| Capital Expenditures | -105.54K | -131.23K | -80.54K | -67.41K | -3.3M | -54.97M | -131.28M | -141.81M | -681.6M | -1.26B |
| CapEx % of Revenue | 3.19% | 3.39% | 5.21% | 20% | - | 643.05% | 237% | 103.8% | 316.28% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500.68M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 19.5K | 0 | 9.1M | 0 | -30.24M | 18.82M | -908K |
| Cash from Financing | -199.83K | 330 | 0 | 0 | 15.13M | 81.29M | 70.63M | 146.76M | 874.69M | 2.84B |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 7.1M | 68.77M | 17.37M | 693.97M | -338.91M |
| Equity Issued (Net) | -199.83K | 330 | 0 | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 4M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.62M | -5.09M |
| Share Repurchases | -199.83K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31.34M | -725K |
| Other Financing | 0 | 0 | 0 | 0 | -1.36M | -311K | 1.86M | -1.47M | -175.12M | 2.46B |
| Net Change in Cash | -1.69M▲ 0% | -349.26K▲ 79.3% | 2.29M▲ 756.9% | -1.56M▼ 168.1% | 11.75M▲ 852.2% | 34.55M▲ 194.0% | -2.73M▼ 107.9% | -11.89M▼ 336.2% | 89.23M▲ 850.7% | 1.81B▲ 0% |
| Free Cash Flow | -1.51M▲ 0% | -1.8M▼ 19.2% | -2.81M▼ 56.3% | -2.41M▲ 14.3% | -3.38M▼ 40.7% | -55.85M▼ 1549.8% | -72.54M▼ 29.9% | -128.01M▼ 76.5% | -797M▼ 522.6% | -1.34B▲ 0% |
| FCF Margin % | -45.51% | -46.41% | -181.46% | -714.11% | - | -653.25% | -130.96% | -93.7% | -369.83% | -476.46% |
| FCF Growth % | -138.71% | -19.18% | -56.29% | 14.27% | -40.66% | -1549.81% | -29.9% | -76.47% | -522.59% | -201.49% |
| FCF per Share | -1.10 | -1.31 | -2.05 | -1.73 | -0.38 | -0.98 | -0.77 | -1.12 | -3.96 | -3.96 |
| FCF Conversion (FCF/Net Income) | 0.99x | 0.74x | 0.98x | 0.71x | 0.15x | 0.04x | -1.32x | -0.09x | 0.50x | 10.96x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.78M | 62.71M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5K | 105K | 0 |
APLD Key Ratios
Applied Digital Corporation (APLD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2005 | 2006 | 2007 | 2008 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -15.37% | -30.63% | -56.04% | -148.89% | - | -61.37% | -59.96% | -153.49% | -60.92% | -6.23% |
| Return on Invested Capital (ROIC) | -17.64% | -28.01% | -62.21% | -368.86% | - | -75.02% | -35.44% | -5.79% | -7.32% | -7.32% |
| Gross Margin | 28.74% | 35.99% | 7.62% | 35.13% | - | -156.08% | 19.87% | 21.93% | 10.53% | 16.4% |
| Net Margin | -42.64% | -58.34% | -180.26% | -975.18% | - | -275.12% | -80.6% | -109.26% | -107.22% | -43.49% |
| Debt / Equity | - | - | - | - | - | 0.17x | 1.32x | 1.09x | 1.11x | 1.11x |
| Interest Coverage | - | - | - | - | -1.41x | -186.59x | -22.25x | -0.81x | -4.05x | -2.01x |
| FCF Conversion | 0.99x | 0.74x | 0.98x | 0.71x | 0.15x | 0.04x | -1.32x | -0.09x | 0.50x | 10.96x |
| Revenue Growth | -7.87% | 16.89% | -60.03% | -78.21% | -100% | - | 547.94% | 146.64% | 57.74% | 54.24% |
APLD SEC Filings & Documents
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APLD Frequently Asked Questions
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Growth & Financials
Applied Digital Corporation (APLD) reported $281.7M in revenue for fiscal year 2025. This represents a 57394% increase from $0.5M in 2002.
Applied Digital Corporation (APLD) grew revenue by 57.7% over the past year. This is strong growth.
Applied Digital Corporation (APLD) reported a net loss of $122.5M for fiscal year 2025.
Dividend & Returns
Applied Digital Corporation (APLD) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
Applied Digital Corporation (APLD) has a return on equity (ROE) of -60.9%. Negative ROE indicates the company is unprofitable.
Applied Digital Corporation (APLD) had negative free cash flow of $1.34B in fiscal year 2025, likely due to heavy capital investments.
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