Applied Digital Corp.
APLD Nasdaq· Services-Computer Processing & Data Preparation
Last close · Oct 23, 2026
$18.25
KIRA · Stoqly’s AI analyst, in plain words
- Applied Digital Corp. had $611M of revenue in fiscal 2026, up 167.5% on the year before.
- Its operating margin was −38.7%, down 7.1 pts: of every 100 in sales, about −39 is left after running the business.
- Applied Digital Corp. lost $184M in fiscal 2026.
- Free cash flow was −$2.8B in fiscal 2026, −454.1% of revenue.
- Applied Digital Corp. returned $0.0M to shareholders in fiscal 2026. The diluted share count rose 36.8%.
Market cap
$5.3B
P/E
—
Revenue
$611M
Net income
−$184M
Free cash flow
−$2.8B
Operating margin
−38.7%
Applied Digital Corp. in 30 seconds · fiscal 2026
Are sales growing?
+167.5%
Yes. Sales grew 167.5% last year.
Does it make a profit?
−30.2%
No. It lost money last year.
Does profit turn into cash?
−454.1%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Applied Digital Corp. does
No business description yet.
- Fiscal year ends
- May 31, 2026
- Latest annual report
- 10-K · Jul 29, 2026
- Legal name
- Applied Digital Corp.
- CIK
- 0001144879
Applied Digital Corp. · APLD
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $8.5M | $55.4M | $166M | $229M | $611M |
| Revenue growth | — | 547.9% | 198.9% | 38.0% | 167.5% |
| Gross margin | −11.2% | 19.9% | 10.4% | 5.2% | 35.1% |
| Operating margin | −244.4% | −77.5% | −59.4% | −31.6% | −38.7% |
| Net income | −$23.5M | −$44.6M | −$149M | −$231M | −$184M |
| Net margin | −275.1% | −80.6% | −90.2% | −101.1% | −30.2% |
| Diluted EPS | −$0.41 | −$0.47 | −$1.31 | −$1.16 | −$0.91 |
| Cash | |||||
| Cash from operations | −$0.9M | $58.7M | $13.8M | −$115M | $89.7M |
| Capital expenditure | $58.3M | $131M | $142M | $682M | $2.9B |
| Free cash flow | −$59.1M | −$72.5M | −$128M | −$797M | −$2.8B |
| FCF margin | −691.6% | −131.0% | −77.3% | −348.7% | −454.1% |
| Share buybacks | — | $0.0M | $0.0M | $31.3M | $0.0M |
| Share count change | 3,680.1% | 64.5% | 21.4% | 76.4% | 36.8% |
| Debt and strength | |||||
| Cash and short-term investments | $38.8M | $29.0M | $3.3M | $44.0M | $1.6B |
| Debt incl. finance leases | $12.4M | — | — | — | — |
| Shareholders' equity | $72.3M | $59.5M | $125M | $498M | $1.7B |
| Current ratio | 1.4x | 0.4x | 0.7x | 0.3x | 4.0x |
| Interest coverage | −186.6x | −21.7x | −3.7x | −2.2x | −8.0x |
| Returns and quality | |||||
| Return on capital | −40.6% | — | — | — | — |
| Return on equity | −67.5% | −67.8% | −161.9% | −74.2% | −16.6% |
| Return on tangible equity | −32.5% | −75.0% | −119.6% | −47.0% | −15.0% |
| Piotroski F-score | 2 | 5 | 4 | 2 | 5 |
| Altman Z'' | −0.2 | −3.7 | −3.0 | −2.0 | 2.2 |
Insiders bought, 12 months
$6.7M
2 insiders
Insiders sold, 12 months
$19.6M
6 insiders
Of sales under plans
1%
$0.2M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Applied Digital Corp. · APLD
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $18.25 a share, the company is worth $5.3B.
Source: SEC EDGAR XBRL filings (CIK 0001144879). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.