Applied Digital Corporation (APLD) Revenue History
Annual and quarterly revenue from 2002 to 2025
Compound Annual Growth Rate (CAGR)
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APLD Revenue Growth
Revenue Breakdown (FY 2022)
APLD's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
APLD Revenue Analysis (2002–2025)
As of May 8, 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.
Looking at the longer-term picture, APLD's historical revenue data shows a 3-year CAGR of +193.2%. The company achieved its highest annual revenue of $215.5 million in 2025, representing a new all-time high.
Revenue diversification analysis shows APLD's business is primarily driven by Mining Segment (100%). With over half of revenue concentrated in Mining Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including BTBT, CIFR, and IREN, APLD has outperformed the peer group in terms of 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 | $164M | - | - | 16.8% | |
 CIFR | $224M | - | - | -150.7% | |
 IREN | $501M | - | - | 3.5% | |
 CORZ | $319M | -13.7% | +39.5% | -45.4% | |
 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% |
Full APLD Stock Analysis
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Start ComparisonAPLD — Frequently Asked Questions
Quick answers to the most common questions about buying APLD stock.
Is APLD's revenue growth accelerating or slowing?
APLD revenue is accelerating at +98.2% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $282M. Growth momentum has increased versus prior periods.
What is APLD's long-term revenue growth rate?
Applied Digital Corporation's 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +98.2% is above this long-term average.
How is APLD's revenue distributed by segment?
APLD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2002-2025 are available for download. Segment mix reveals concentration and diversification trends.