Applied Digital
APLD
23.81
-1.53
-6.04%
Applied Digital
US · APLD
#1715 by market cap
Listed 2002
23.81
-1.53
-6.04%
Live - 5344 symbols - heartbeat 228s ago
· 2026-10-08 08:30
Pre-market
23.58
-0.95%
After-hours
24.94
+4.75%
Overnight
24.72
+3.82%
- Market cap
- 7.20B
- P/E (TTM)i
- -14.34
- P/Bi
- 4.49
- EPSi
- -0.91
- Div yieldi
- 0.00%
- 52W posi
- 15%
Reader sentiment
Are you bullish or bearish on APLD?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.02, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +167.45% YoY
Margins
- Gross margin
- 25.79%
- Operating margin
- -28.53%
- Net margin
- -40.94%
Key ratios & quality
- Enterprise valuei
- 10.65B
- Altman Z-Scorei
- 1.02
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2008 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 337.00K | 0 | 0 | 8.55M | 55.39M | 165.58M | 228.57M | 611.31M |
| Gross profit | 191.57K | -- | 0 | -957.00K | 11.00M | 17.24M | 11.81M | 157.68M |
| Selling & admin expenses | 2.95M | 0 | 332.00K | 19.94M | 53.92M | 97.78M | 107.88M | 332.10M |
| Research & development | 284.72K | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -3.38M | 0 | -332.00K | -20.90M | -42.91M | -80.54M | -96.07M | -174.41M |
| Pretax profit | -3.28M | -263.00K | -568.00K | -21.95M | -45.01M | -149.58M | -230.96M | -181.53M |
| Tax | 7.14K | -- | 0 | 540.00K | -523.00K | 96.00K | 102.00K | 1.79M |
| Net profit | -3.29M | -263.00K | -568.00K | -23.53M | -45.61M | -149.67M | -231.07M | -184.34M |
| Basic EPS | -2 | -- | -- | 0 | 0 | -1 | -1 | -1 |
| Diluted EPS | -2.34 | -- | -- | -0.41 | -0.47 | -1.31 | -1.16 | -0.91 |
| Line item | 2025-02 | 2025-05 | 2025-08 | 2025-11 | 2026-02 | 2026-05 |
|---|---|---|---|---|---|---|
| Revenue | 52.92M | 51.08M | 64.22M | 126.59M | 126.64M | 258.75M |
| Gross profit | 3.78M | -3.12M | 8.61M | 26.04M | 53.81M | 40.52M |
| Selling & admin expenses | 22.72M | 41.03M | 29.15M | 56.99M | 79.72M | 165.28M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -18.94M | -44.15M | -20.54M | -30.96M | -25.92M | -124.76M |
| Pretax profit | -35.44M | -52.55M | -26.24M | -26.55M | -70.56M | -79.62M |
| Tax | 117.00K | -16.00K | 8.00K | 15.00K | -2.00K | 1.77M |
| Net profit | -35.56M | -52.54M | -16.93M | -14.45M | -70.56M | -82.41M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.16 | -0.24 | -0.07 | -0.07 | -0.36 | -0.39 |
Balance sheet
| Line item | 2008 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.13M | 0 | 11.76M | 40.36M | 45.67M | 404.14M | 132.80M | 4.66B |
| Cash & ST investments | 1.00M | 0 | 11.75M | 38.80M | 29.00M | 3.34M | 43.95M | 1.59B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 1.27M | 0 | 15.05M | 119.98M | 263.96M | 762.87M | 1.87B | 9.93B |
| Total current liabilities | 477.31K | 2.02M | 2.50M | 29.00M | 115.46M | 554.11M | 499.73M | 1.16B |
| Short-term debt | -- | 1.90M | 2.14M | 2.34M | 13.99M | 51.81M | 174.16M | 82.49M |
| Long-term debt | -- | -- | -- | 5.90M | 68.48M | 79.47M | 677.83M | 4.96B |
| Total liabilities | 477,313.00 | 2,015,000.00 | 17,635,000.00 | 40,745,000.00 | 194,278,000.00 | 638,037,000.00 | 1,372,402,000.00 | 6,248,501,000.00 |
| Total equity | 787.96K | -2.02M | -2.58M | 79.24M | 69.68M | 124.83M | 497.69M | 3.68B |
| Retained earnings | -12.63M | -21.06M | -21.62M | -56.07M | -100.72M | -249.99M | -481.06M | -662.33M |
| Line item | 2025-02 | 2025-05 | 2025-08 | 2025-11 | 2026-02 | 2026-05 |
|---|---|---|---|---|---|---|
| Total current assets | 274.26M | 132.80M | 641.74M | 2.72B | 2.43B | 4.66B |
| Cash & ST investments | 68.74M | 43.95M | 73.91M | 1.91B | 1.73B | 1.59B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 1.71B | 1.87B | 2.40B | 5.23B | 6.25B | 9.93B |
| Total current liabilities | 393.58M | 499.73M | 985.49M | 563.40M | 1.02B | 1.16B |
| Short-term debt | 177.77M | 174.16M | 394.70M | 14.55M | 167.43M | 82.49M |
| Long-term debt | 678.99M | 677.83M | 305.28M | 2.59B | 2.59B | 4.96B |
| Total liabilities | 1,252,699,000.00 | 1,372,402,000.00 | 1,354,735,000.00 | 3,262,743,000.00 | 4,665,597,000.00 | 6,248,501,000.00 |
| Total equity | 454.65M | 497.69M | 1.04B | 1.97B | 1.58B | 3.68B |
| Retained earnings | -428.52M | -481.06M | -497.98M | -512.38M | -583.06M | -662.33M |
Cash flow
| Line item | 2008 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -2.34M | 0 | -83.00K | -872.00K | 58.74M | 13.79M | -115.40M | 89.69M |
| Depreciation & amortization | 323.02K | 0 | 1.00K | 1.12M | 7.61M | 79.36M | 97.95M | 67.39M |
| Free cash flow | -2.41M | 0 | -3.39M | -55.85M | -72.54M | -128.02M | -797.01M | -2.78B |
| Dividends paid | -- | -- | -- | -- | 0 | 0 | 0 | -6.26M |
| Stock buybacks / issuance | -- | -- | 0 | 40.00M | 0 | 130.85M | 160.25M | 196.37M |
| Ending cash balance | 877.90K | 0 | 11.75M | 46.30M | 43.57M | 31.69M | 123.32M | 4.15B |
| Line item | 2025-02 | 2025-05 | 2025-08 | 2025-11 | 2026-02 | 2026-05 |
|---|---|---|---|---|---|---|
| Operating cash flow | 5.90M | 6.86M | -82.02M | -15.85M | 55.01M | 132.55M |
| Depreciation & amortization | 18.78M | 18.41M | 4.15M | 8.59M | 20.81M | 33.84M |
| Free cash flow | -251.60M | -191.41M | -331.44M | -567.92M | -720.20M | -1.16B |
| Dividends paid | -541.00K | 1.21M | -1.58M | -1.57M | -1.56M | -1.55M |
| Stock buybacks / issuance | 0 | 0 | 196.37M | 0 | 0 | 0 |
| Ending cash balance | 261.22M | 123.32M | 114.10M | 2.30B | 2.11B | 4.15B |
Returns & efficiency
| Line item | 2008 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -148.89 | -- | -- | -72.98 | -67.76 | -161.95 | -75.08 | -22.60 |
| ROA %i | -119.84 | -- | -7.55 | -34.84 | -23.26 | -29.07 | -17.75 | -4.24 |
| ROIC %i | -148.89 | -- | -- | -51.32 | -36.01 | -36.74 | -24.98 | -5.80 |
| 5-year avg ROE %i | -51.71 | -- | -- | -- | -- | -- | -- | -80.07 |
| EBIT margin %i | -1,002.02 | -- | -- | -255.40 | -79.70 | -74.13 | -99.52 | -24.87 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 2.36 | -- | 4.70 | 1.39 | 0.40 | 0.73 | 0.27 | 4.01 |
| Quick ratioi | 2.24 | -- | 4.70 | 1.35 | 0.25 | 0.01 | 0.10 | 1.47 |
| Debt / assetsi | -- | -- | 14.18 | 11.29 | 34.78 | 17.79 | 48.70 | 51.36 |
| LT debt / equityi | -- | -- | -- | 15.51 | 130.75 | 67.23 | 148.01 | 292.14 |
| Interest coveragei | -- | 0.00 | -1.41 | -194.95 | -22.30 | -4.57 | -9.74 | -5.15 |
| Revenue CAGR (3Y) %i | -53.31 | -- | -- | 25.96 | -- | -- | 199.02 | 122.64 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-02 | 2025-05 | 2025-08 | 2025-11 | 2026-02 | 2026-05 |
|---|---|---|---|---|---|---|
| ROE %i | -85.21 | -75.08 | -38.55 | -13.55 | -18.91 | -22.60 |
| ROA %i | -20.78 | -17.75 | -14.86 | -3.77 | -4.84 | -4.24 |
| ROIC %i | -22.96 | -24.98 | -19.58 | -4.14 | -6.37 | -5.80 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -91.22 | -99.52 | -106.39 | -28.14 | -22.49 | -24.87 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.70 | 0.27 | 0.65 | 4.82 | 2.38 | 4.01 |
| Quick ratioi | 0.21 | 0.10 | 0.11 | 3.43 | 1.72 | 1.47 |
| Debt / assetsi | 58.20 | 48.70 | 29.19 | 49.89 | 45.26 | 51.36 |
| LT debt / equityi | 179.46 | 148.01 | 29.26 | 178.95 | 168.23 | 292.14 |
| Interest coveragei | -4.92 | -9.74 | -11.74 | -3.06 | -7.23 | -5.15 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- High-Performance Compute (HPC) Hosting Business is the largest reported line at 71.39% of revenue, across 2 reported segments.
- The next-largest line, Data Center Hosting Business, is a distant second at 28.61% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
High-Performance Compute (HPC) Hosting Business71.39%
Data Center Hosting Business28.61%
Region
United States100.00%
Quote time 2026-10-08 08:30:23 · For reference only, not investment advice and not tailored to your situation.