Applied Digital Corporation APLD R2KR3KAITECH
Company Overview
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting, and HPC Hosting Business. The company provides energized infrastructure services to crypto mining customers; and cloud services to customers, such as AI and machine learning developers. It also engages in the designing, constructing, and operating of data centers to provide computing power and 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.
Recent Developments
- May 2026 Revenue of $611.31M (+324.0% YoY); net profit $-250.26M.
- Trailing 12 Months Year-on-year growth — revenue +406.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | - |
| 1 Year: | 406.60% |
Stock Price Performance
| 1 Year: | +78.18% |
| 6 Months: | +4.89% |
| 3 Months: | -33.44% |
| 1 Month: | -8.63% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Applied Digital designs and operates data centres and GPU-cloud (HPC) hosting purpose-built for AI and high-performance computing.
Data-centre hosting and GPU computing solutions for AI/ML training and inference workloads.
- GPU/HPC hosting Applied Digital provides GPU computing solutions for AI, ML and other HPC workloads.
- Purpose-built data centres It designs, builds and manages data centres optimised for high-density AI compute.
- Capacity expansion Aggressive build-out targets the surging demand for AI-compute capacity.
- Pure-play on AI/HPC data-centre and GPU-cloud demand (~139% growth).
- Large capacity pipeline positioned for AI-compute scarcity.
- Deeply loss-making, capital-intensive and reliant on financing — speculative.
- Customer concentration, GPU supply and funding are key risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
No notable strengths flagged.
CONS
- Trading 46.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | APLD Applied Digital Corporation R2KR3KAITECH | 26.37 | -28.98 | $7.59B | 0.00% | -2.70% | -8.38% | - | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 230.36 | 35.28 | $5.58T | 0.46% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 319.97 | 36.69 | $4.67T | 0.35% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 499.70 | 27.85 | $3.71T | 0.73% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 426.34 | 37.46 | $2.21T | 0.91% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 357.90 | 59.55 | $1.70T | 0.62% | 16.70% | 37.28% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,016.59 | 22.97 | $1.15T | 0.06% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 477.57 | 122.14 | $779.62B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,714.88 | 58.49 | $658.69B | 0.53% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Feb 2021 | Aug 2021 | Nov 2021 | Feb 2022 | Aug 2022 | Nov 2022 | Feb 2023 | Aug 2023 | Nov 2023 | Feb 2024 | Aug 2024 | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 1.03M | 6.92M | 12.34M | 14.09M | 36.32M | 42.20M | 43.35M | 34.85M | - | 52.92M | -33.30M | 64.22M | 126.59M | 126.64M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 49.14M | -61.11M | 55.61M | 100.55M | 72.83M |
| Gross Profit | 0 | 0 | 0 | -1.05M | 831.00K | 528.00K | 3.56M | - | - | - | - | - | 3.78M | 27.81M | 8.61M | 26.04M | 53.80M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | 22.72M | 16.21M | 29.15M | 56.99M | 79.72M |
| Operating Income | 0 | -13.04M | -1.35M | -2.42M | -4.18M | -26.70M | -6.99M | -7.37M | -7.91M | -55.46M | 25.29M | - | -18.94M | 11.60M | -20.54M | -30.96M | -25.92M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | -7.76M | 29.63M | -18.14M | -6.48M | -5.11M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | 2.93M | 8.90M | -8.95M | 3.95M | 11.48M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | -35.44M | 20.18M | -26.24M | -26.55M | -70.56M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | 117.00K | -16.00K | 8.00K | 15.00K | -2.00K |
| Net Income | -77.00K | -14.10M | -171.00K | -6.45M | -4.53M | -26.62M | -7.03M | -11.46M | -10.53M | -62.84M | -4.25M | - | -35.55M | -52.54M | -16.93M | -17.51M | -99.30M |
| Diluted EPS | -0.05 | -0.31 | 0.00 | -0.12 | -0.05 | -0.28 | -0.07 | -0.11 | -0.10 | -0.52 | -0.03 | - | -0.16 | -0.24 | -0.07 | -0.07 | -0.36 |
Profit & Loss (Annual)
Figures in USD.
| Metric | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 8.55M | 55.39M | 136.62M | 144.19M | 611.31M |
| Cost of Revenue | - | 9.51M | 44.39M | 106.65M | 101.45M | - |
| Gross Profit | 0 | -957.00K | 11.00M | 29.96M | 42.74M | - |
| Operating Expenses | - | 19.94M | 53.91M | 45.02M | 83.06M | - |
| Operating Income | -332.00K | -20.90M | -42.91M | -15.05M | -40.32M | -236.46M |
| EBITDA | - | -20.71M | -35.39M | 22.79M | -45.55M | - |
| Interest Expense | - | 112.00K | 2.01M | 17.71M | 14.74M | - |
| Pretax Income | - | -21.95M | -45.01M | -74.28M | -158.23M | - |
| Tax Provision | - | 540.00K | -523.00K | 96.00K | 102.00K | - |
| Net Income | -568.00K | -23.52M | -44.65M | -149.27M | -231.06M | -250.26M |
| Diluted EPS | -0.38 | -0.41 | -0.49 | -1.31 | - | -0.91 |
Balance Sheet (Annual)
Figures in USD.
| Metric | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | 15.05M | 119.98M | 263.96M | 762.87M | 1.87B | 9.93B |
| Current Assets | - | - | 40.36M | 45.67M | 404.14M | 430.59M | - |
| Cash & Equivalents | - | 11.75M | 38.80M | 29.00M | 3.34M | 41.55M | 1.59B |
| Inventory | - | - | - | - | - | - | - |
| Receivables | - | - | 227.00K | 82.00K | 3.85M | 3.04M | - |
| Total Liabilities | - | 2.50M | 40.74M | 194.28M | 638.04M | 1.24B | 6.19B |
| Current Liabilities | - | 2.50M | 29.00M | 115.46M | 554.11M | 558.14M | 1.16B |
| Long Term Debt | - | - | 5.90M | 68.48M | 79.47M | 677.83M | - |
| Total Debt | - | - | 13.54M | 91.81M | 135.73M | 702.88M | - |
| Total Equity | -2.02M | -2.58M | 72.26M | 59.52M | 124.83M | 633.73M | 1.72B |
| Shares Outstanding | - | - | 97.87M | 100.93M | 144.08M | 234.20M | - |
Cash Flows (Annual)
Figures in USD.
| Metric | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -83.00K | -872.00K | 58.73M | 13.79M | -115.40M | 89.69M |
| Investing Cash Flow | -3.30M | -45.87M | -132.09M | -172.44M | -667.65M | -2.94B |
| Financing Cash Flow | 15.13M | 81.29M | 70.63M | 146.76M | 874.69M | 6.88B |
| Capital Expenditure | -20.00K | -54.97M | -131.28M | -141.81M | -681.60M | - |
| Free Cash Flow | -103.00K | -55.85M | -72.54M | -128.01M | -797.00M | - |
| Net Change in Cash | - | 34.55M | -2.73M | -11.89M | 91.63M | - |
| Share Buybacks | - | - | 0 | 0 | 31.34M | 0 |
Ratios (Annual)
Figures in %.
| Metric | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|
| Gross Margin % | - | -11.2% | 19.9% | 21.9% | 29.6% | - |
| Operating Margin % | - | -244.4% | -77.5% | -11.0% | -28.0% | -38.7% |
| Net Margin % | - | -275.1% | -80.6% | -109.3% | -160.2% | -40.9% |
| ROE % | 22.0% | -32.5% | -75.0% | -119.6% | -36.5% | -14.6% |
| ROCE % | -2.6% | -23.0% | -28.9% | -7.2% | -3.1% | -2.7% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Hood River Capital Management LLC | 7.73% | 22.52M | $570.63M |
| 2 | Situational Awareness LP | 5.28% | 15.38M | $389.85M |
| 3 | Vanguard Portfolio Management LLC | 4.71% | 13.73M | $347.89M |
| 4 | Blackrock Inc. | 4.59% | 13.38M | $338.92M |
| 5 | Vanguard Capital Management LLC | 3.96% | 11.56M | $292.82M |
| 6 | Two Sigma Investments, LP | 3.53% | 10.30M | $260.98M |
| 7 | Equitec Proprietary Markets LLC | 2.87% | 8.37M | $212.20M |
| 8 | Goldman Sachs Group Inc | 2.40% | 6.98M | $176.90M |
| 9 | Dba Trading, LLC | 1.91% | 5.58M | $141.30M |
| 10 | Value Aligned Research Advisors, LLC | 1.90% | 5.55M | $140.54M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for APLD
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APLD — Frequently Asked Questions
What is the current share price of Applied Digital Corporation (APLD)?
As of 2026-09-07 16:24 PDT, Applied Digital Corporation (APLD) trades at $26.37 on NasdaqGS. Its 52-week range is $13.89 to $49.65.
What is the market capitalisation of APLD?
Applied Digital Corporation (APLD) has a market capitalisation of $7.59B on NasdaqGS.
What is the P/E ratio of APLD?
APLD trades at a trailing price-to-earnings (P/E) ratio of -28.98. The industry average P/E is 32.42. Its price-to-book (P/B) ratio is 4.90.
What is the return on equity (ROE) of APLD?
APLD has a return on equity (ROE) of -8.38%. Its return on capital employed (ROCE) is -2.70%.
Is APLD a good stock to buy?
This page provides a data-driven analysis of Applied Digital Corporation (APLD), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.