Applied Digital Corporation/$APLD

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About Applied Digital Corporation

Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments: Data Center Hosting Business and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business, which operates data centers to provide energized space to crypto mining customers.

Ticker

$APLD

Sector

Business services
Primary listing

Employees

205

APLD Metrics

BasicAdvanced
$9.6B
-
-$1.09
6.59
-

What the Analysts think about APLD

Analyst ratings (Buy, Hold, Sell) for Applied Digital Corporation stock.

Bulls say / Bears say

Applied Digital secured two 15-year leases with CoreWeave for 250 MW of AI and HPC data center capacity in North Dakota, generating approximately $7 billion in contracted revenue and signaling strong long-term demand for its infrastructure services (Reuters)
Since the end of Q4 FY 2025, CoreWeave exercised its option for an additional 150 MW at the Polaris Forge 1 campus, boosting total contracted capacity to 400 MW and increasing projected lease revenue to roughly $11 billion (GlobeNewswire)
In Q4 FY 2025, total revenues from continuing operations rose 41% year-over-year to $38.0 million, adjusted EBITDA turned positive at $1.0 million, and adjusted net loss per share narrowed to $0.03, demonstrating enhanced operational efficiency and margin improvements (GlobeNewswire)
Third-quarter fiscal 2025 revenues of $52.9 million missed analysts’ estimates of $63.4 million, as a 7% decline in data center hosting revenue weighed on results and sent shares down 11% in extended trading (Reuters)
Margin compression in the data center hosting business due to seasonal fluctuations in power costs underscores the company’s exposure to energy price volatility in its crypto mining hosting operations (Reuters)
Cloud Services revenue fell sequentially by 36% from $27.7 million in Q2 to $17.8 million in Q3 due to technical issues during the migration to a multi-tenant on-demand model, highlighting execution risks in its growth segment (Applied Digital 10-Q)
Data summarised monthly by Lightyear AI. Last updated on 7 Oct 2025.

APLD Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

APLD Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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