Applied Digital Corp. (APLD) Financial Statements
Industry: Computer Processing & Data Preparation (Services)
In fiscal 2026, Applied Digital reported revenue of $611.3M, up 324.0% from $144.2M the year before. Net income was -$184.3M (a -30.2% net margin), or -$0.91 per diluted share. Gross margin was 35.1% and operating margin was -38.7%. Operating activities generated $89.7M of cash, leaving -$2.78B of free cash flow. At fiscal year end, Applied Digital held $9.93B in total assets against $6.19B in total liabilities, including $1.59B of cash and equivalents.
Open the full interactive Applied Digital financials → Quarterly statements, key ratios, valuation history and price charts.
Applied Digital Key Stats
| Share Price | $22.44 |
|---|---|
| Market Cap | $6.54B |
| Revenue YoY Growth | +323.9% |
| 52-Week Range | $20.55 – $49.65 |
| Shares Outstanding | 291.6 million (basic, 2027 Q1) |
Applied Digital Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $8.5M | $55.4M | $165.6M | $144.2M | $611.3M |
| Cost of Goods Sold | $19.9M | — | $264.6M | $161.0M | $847.8M |
| Gross Profit | -$957,000 | $11.0M | $17.2M | $42.7M | $214.5M |
| Operating Income | -$20.9M | -$44.1M | -$99.0M | -$16.8M | -$236.5M |
| Pre-Tax Income | -$21.9M | -$46.1M | -$149.6M | -$158.2M | -$181.5M |
| Income Tax | $540,000 | -$523,000 | $96,000 | $102,000 | $1.8M |
| Net Income | -$23.5M | -$44.6M | -$149.3M | -$231.1M | -$184.3M |
| Diluted EPS | -$0.41 | -$0.49 | -$1.31 | -$1.16 | -$0.91 |
Applied Digital Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $126.6M | $126.6M | $293.9M | $341.9M |
| Net Income | -$14.4M | -$70.6M | -$82.4M | -$184.1M |
| Diluted EPS | -$0.07 | -$0.36 | -$0.30 | -$0.82 |
Applied Digital Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $38.8M | $29.0M | $3.3M | $41.6M | $1.59B |
| Current Assets | $49.3M | $45.8M | $30.3M | $430.6M | $4.66B |
| Total Assets | $120.0M | $264.0M | $762.9M | $1.87B | $9.93B |
| Current Liabilities | $29.0M | $115.5M | $385.5M | $558.1M | $1.16B |
| Total Long-Term Debt | $7.2M | — | — | — | $4.98B |
| Total Liabilities | $40.7M | $194.3M | $638.0M | $1.24B | $6.19B |
| Shareholders' Equity | $72.3M | $59.5M | $124.8M | $497.7M | $1.72B |
Applied Digital Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Cash From Operations | -$872,000 | $58.7M | $13.8M | -$115.4M | $89.7M |
| Cash From Investing | -$45.9M | -$132.1M | -$172.4M | -$667.7M | -$2.94B |
| Cash From Financing | $81.3M | $70.6M | $146.8M | $874.7M | $6.88B |
| Free Cash Flow | -$59.1M | -$70.0M | -$128.0M | -$797.0M | -$2.78B |
Figures from Applied Digital's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Applied Digital financials page for every line item.
Applied Digital Company Profile
| Ticker | APLD |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Processing & Data Preparation (Services) |
| Headquarters | Dallas, Texas |
| Incorporated in | Nevada |
| Fiscal Year End | May 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001144879 |
Frequently Asked Questions
What was Applied Digital's revenue in fiscal 2026?
Applied Digital (APLD) reported revenue of $611.3M for fiscal 2026.
What is Applied Digital's annual revenue history?
Applied Digital's annual revenue by fiscal year: 2022: $8.5M; 2023: $55.4M; 2024: $165.6M; 2025: $144.2M; 2026: $611.3M.
What was Applied Digital's net income in fiscal 2026?
Applied Digital reported net income of -$184.3M for fiscal 2026.
What was Applied Digital's earnings per share (EPS) in fiscal 2026?
Applied Digital's diluted EPS was -$0.91 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Applied Digital generate in fiscal 2026?
Applied Digital generated -$2.78B of free cash flow in fiscal 2026.
What was Applied Digital's revenue last quarter?
In its most recent reported quarter (2027 Q1), Applied Digital reported revenue of $341.9M.
How much debt does Applied Digital have?
Applied Digital reported $4.98B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Applied Digital are outstanding?
Applied Digital reported a weighted average of 291.6 million basic shares outstanding in 2027 Q1.
What is Applied Digital's market cap?
Based on its latest closing price, Applied Digital (APLD) has a market capitalization of about $6.54B.
When does Applied Digital's fiscal year end?
Applied Digital's fiscal year end, as registered with the SEC, is May 31.
Where is Applied Digital headquartered?
Applied Digital lists its business address in Dallas, Texas in its SEC filings.