Applied Digital Corporation/$APLD
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Applied Digital Corporation
Applied Digital Corp is a U.S. based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence (AI), machine learning, and other accelerated-compute applications. It design, build, and operate high-performance, sustainably engineered data centers which it refer to as AI factories and deliver that capacity to investment-grade hyper scalers and other compute customers under long-term lease and hosting arrangements. The company has two segments Data Center Hosting Business, and HPC Hosting Business. The company generates majority of revenue from Data Center Hosting Business segment. Its solutions are Digital Infrastructure, and AI Factories.
- Ticker
- $APLD
- Sector
- Business services
- Primary listing
- NASDAQ
- Employees
- 256
- Headquarters
- Dallas, United States
- Website
- applieddigital.com
APLD Metrics
BasicAdvanced
$7B
-
-$1.65
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-
Price and volume
Market cap
$7B
52-week high
$50.73
52-week low
$19.01
Average daily volume
19M
Financial strength
Current ratio
2.562
Quick ratio
1.929
Long term debt to equity
1.66
Total debt to equity
1.706
Interest coverage (TTM)
-1.48%
Profitability
EBITDA (TTM)
-124.127
Gross margin (TTM)
21.65%
Net profit margin (TTM)
-53.03%
Operating margin (TTM)
-26.29%
Effective tax rate (TTM)
-1.11%
Revenue per employee (TTM)
$3,410,000
Management effectiveness
Return on assets (TTM)
-2.03%
Return on equity (TTM)
-13.62%
Valuation
Price to revenue (TTM)
7.573
Price to book
4.31
Price to tangible book (TTM)
4.31
Price to free cash flow (TTM)
-1.481
Free cash flow yield (TTM)
-67.54%
Free cash flow per share (TTM)
-15.704
Growth
Revenue change (TTM)
217.58%
Earnings per share change (TTM)
51.71%
3-year revenue growth (CAGR)
117.49%
3-year earnings per share growth (CAGR)
45.28%
What the Analysts think about APLD
Analyst ratings (Buy, Hold, Sell) for Applied Digital Corporation stock.
Analyst projections of the future price of Applied Digital Corporation stock.
Bulls say / Bears say
Applied Digital has built a sizeable contracted revenue base: about 1.4 GW of critical IT load and roughly $36 billion of 15-year lease revenue across five campuses. The take-or-pay structures and investment-grade hyperscaler backing give the future income stream more visibility than a typical data-centre development pipeline. (Reuters, Applied Digital)
The business is starting to show operating scale. Fiscal 2026 revenue rose 167% to $611.3 million, while the fourth quarter reached $258.7 million and adjusted net income turned positive at $12.9 million. (Applied Digital)
Tenant credit protection has improved at the existing Polaris Forge 1 site. Applied Digital moved two CoreWeave leases into a structure with an A3-rated subsidiary, springing guarantees from CoreWeave and a $50 million letter of credit, reducing direct exposure to the tenant’s lower corporate credit rating. (Nasdaq)
The company must spend heavily before most contracted rent arrives. Fiscal 2026 capital expenditure reached about $2.87 billion, while year-end debt was roughly $5.0 billion; less than 5% of the $36 billion lease value is scheduled to arrive before fiscal 2029. (The Motley Fool, Applied Digital)
Reported profitability remains weak and depends partly on non-recurring construction-related work. Applied Digital posted a $249.2 million full-year net loss, while $270.6 million of fiscal 2026 revenue came from tenant fit-out services that should not repeat once the build-outs are complete. (Applied Digital, Tech Times)
Execution and customer concentration remain material risks. Three recent leases worth about $20 billion were signed with the same unnamed hyperscaler, yet the related campuses are not expected to begin operating until 2027 or 2028, leaving the company exposed to construction delays or a change in that customer’s plans. (Applied Digital, Reuters)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.
APLD Financial Performance
Revenues and expenses
APLD Earnings Performance
Company profitability
Upcoming events
No upcoming events
APLD News
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Funds containing APLD
AllEURGBPUSD
Fund name | Fund size | $APLD weighting |
|---|---|---|
VanEck Crypto And Blockchain Innovators€DAVV | €548M | 4.40% |
VanEck Crypto And Blockchain Innovators£DAGB | £635M | 4.40% |
iShares Blockchain Technology£BLKC | $304M | 4.18% |
Global X Data Center REITs & Digital Infrastructure$VPN | $347M | 3.67% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.10% |
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