Applied Digital Corporation (APLD) Revenue History
Annual and quarterly revenue from 2002 to present
APLD Revenue Over Time (2002–2025)
APLD Revenue Growth History
6 of 10 years with positive growth- FY2002 revenue growth
- N/A
- FY2003 revenue growth
- +123.1%
- FY2004 revenue growth
- +228.8%
- FY2005 revenue growth
- -7.9%
- FY2006 revenue growth
- +16.9%
- FY2007 revenue growth
- -60.0%
- FY2008 revenue growth
- -78.2%
- FY2021 revenue growth
- -100.0%
- FY2022 revenue growth
- N/A
- FY2023 revenue growth
- +547.9%
- FY2024 revenue growth
- +146.6%
- FY2025 revenue growth
- +57.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $126.6M | +98.2% |
| Q1 2026 | $64.2M | +5.8% |
| Q4 2025 | $38.0M | +157.8% |
| Q3 2025 | $52.9M | +22.1% |
| Q2 2025 | $63.9M | +51.3% |
| Q1 2025 | $60.7M | +67.1% |
| Q4 2024 | $14.7M | -33.1% |
| Q3 2024 | $43.3M | +207.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2022)
APLD's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
APLD Revenue Analysis (2002–2025)
Current Revenue & Growth
As of June 22, 2026, Applied Digital Corporation (APLD) generated trailing twelve-month (TTM) revenue of $281.7 million, reflecting explosive growth of +98.2% year-over-year. The most recent quarter (Q2 2026) recorded $126.6 million in revenue, up 97.1% sequentially.
Historical Growth Trajectory
APLD's historical revenue data shows a 3-year CAGR of +193.2%. Applied Digital Corporation's highest annual revenue of $215.5 million was recorded in 2025, an all-time high.
Revenue by Segment
APLD's revenue is primarily driven by Mining Segment (100%). With over half of revenue concentrated in Mining Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including BTBT, CIFR, and IREN — APLD has outperformed the peer group in revenue growth. Compare APLD vs BTBT →
APLD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| APLDCurrent | $282M | +98.2% | - | -33.5% | |
 BTBT | $114M | - | - | -49.8% | |
 CIFR | $224M | - | - | -150.7% | |
 IREN | $501M | - | - | 3.5% | |
 CORZ | $319M | -13.7% | +39.5% | -70.4% | |
 HUT | $15M | - | - | -2104.6% |
APLD Historical Revenue Data (2002–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $215.5M | +57.7% | $22.7M | 10.5% | $-72,252,000 | -33.5% |
| 2024 | $136.6M | +146.6% | $30.0M | 21.9% | $-15,055,000 | -11.0% |
| 2023 | $55.4M | +547.9% | $11.0M | 19.9% | $-44,055,000 | -79.5% |
| 2022 | $8.5M | - | $-13,343,000 | -156.1% | $-20,898,000 | -244.4% |
| 2021 | $0 | -100.0% | $-1,000 | - | $-332,000 | - |
| 2008 | $337K | -78.2% | $118K | 35.1% | $-2,696,739 | -800.2% |
| 2007 | $1.5M | -60.0% | $118K | 7.6% | $-3,054,922 | -197.5% |
| 2006 | $3.9M | +16.9% | $1.4M | 36.0% | $-2,254,373 | -58.3% |
| 2005 | $3.3M | -7.9% | $951K | 28.7% | $-1,607,570 | -48.6% |
| 2004 | $3.6M | +228.8% | $1.1M | 31.0% | $-448,068 | -12.5% |
| 2003 | $1.1M | +123.1% | $235K | 21.5% | $-947,801 | -86.7% |
| 2002 | $490K | - | $-14,720 | -3.0% | $-823,128 | -168.0% |
Full Stock Analysis
Deep dive into APLD consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
24+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
APLD — Frequently Asked Questions
Quick answers to the most common questions about buying APLD stock.
Is APLD's revenue growth accelerating or slowing?
APLD revenue growth is accelerating. TTM revenue reached $282M, up +98.2% year-over-year — ahead of the 5-year CAGR of N/A. This indicates the business is expanding faster than its historical baseline.
What is APLD's revenue history from 2002 to 2026?
Applied Digital Corporation (APLD) revenue history spans 2002 to 2026. TTM revenue as of 2026 is $282M, growing at +98.2% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is APLD's long-term revenue growth rate (CAGR)?
Applied Digital Corporation's 5-year revenue CAGR of N/A reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +98.2% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for APLD.
Why does APLD's quarterly revenue fluctuate?
APLD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Applied Digital Corporation's revenue data from 2002 to 2026 shows full historical quarterly detail on this page.
How is APLD's revenue distributed by segment?
APLD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does APLD's revenue compare to industry peers?
Applied Digital Corporation (APLD) with TTM revenue of $282M and +98.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.