Applied Digital Corp.
APLDNasdaq
$25.79
↓ -2.5%Jul 17 close · end-of-day
Price
1Y↑ +156.4%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$7.3B
Enterprise Value
$5.5B
P/E
—
P/S
21.5
P/B
4.6
EV/EBITDA
—
PEG
—
FCF Yield
—
Dividend Yield
—
Revenue (TTM)
$337.7M
Net Income (TTM)
—
Free Cash Flow (TTM)
—
Gross Margin
—
Operating Margin
-44.2%
Net Margin
—
ROE
—
ROIC
—
Debt / Equity
—
Net Cash
$1.7B
Return 1Y
+136.4%
Company profile
Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services. 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.
- CEO
- Wesley C. Cummins
- Sector
- Services
- Industry
- Business Services
- Employees
- 121
- Headquarters
- Texas
- Website
- applieddigital.com
Management & directors
- Laltrello LauraChief Operating Officer
- Zhang JasonChief Strategy Officer
- Cummins WesCEO; Chairman
- Mohmand Mohammad Saidal LavanwayChief Financial Officer
Roles derived from SEC Form 4 filings.
Earnings
APLD Q3 2026 Earnings
Period ends 2026-02-28
MetricActualYoY
Revenue$126.6M↑ +139.3%
Diluted EPS-$0.36↑ +125.0%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $0.00 | $8.5M | $55.4M | $136.6M | $144.2M |
| Gross profit | $0.00 | -$957,000.00 | $11.0M | — | — |
| Operating income | -$332,000.00 | -$20.9M | -$42.9M | -$32.9M | -$16.8M |
| Net income | -$568,000.00 | -$23.5M | -$44.6M | -$149.3M | — |
| Diluted EPS | -$0.38 | -$0.41 | -$0.47 | -$1.31 | -$1.16 |
| Operating cash flow | -$83,000.00 | -$872,000.00 | $58.7M | $13.8M | -$115.4M |
| Free cash flow | -$103,000.00 | -$59.1M | — | — | — |
| Gross margin | — | -11.2% | 19.9% | — | — |
| Operating margin | — | -244.4% | -77.5% | -24.0% | -11.7% |
| Net margin | — | -275.1% | -80.6% | -109.3% | — |
| Line item | Q4 '24 | Q1 '24 | Q2 '24 | Q3 '25 | Q4 '25 | Q1 '25 | Q2 '25 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.7M | $34.8M | $36.2M | $52.9M | $20.3M | $64.2M | $126.6M | $126.6M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $37.9M | $25.3M | -$12.8M | -$18.9M | -$10.4M | -$22.3M | -$31.0M | -$85.7M |
| Net income | -$64.5M | -$4.2M | -$138.7M | — | — | -$16.9M | -$14.4M | — |
| Diluted EPS | -$0.58 | -$0.03 | -$0.66 | -$0.16 | -$0.31 | -$0.07 | -$0.07 | -$0.36 |
| Operating cash flow | -$31.5M | -$75.9M | -$52.3M | $5.9M | $6.9M | -$82.0M | -$15.8M | $55.0M |
| Free cash flow | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 256.9% | 72.6% | -35.4% | -35.8% | -51.3% | -34.7% | -24.5% | -67.6% |
| Net margin | -437.1% | -12.2% | -383.6% | — | — | -26.4% | -11.4% | — |
Company news
Jul 20, 2026
Jul 17, 2026
Jul 16, 2026
Jul 15, 2026
- 5d agoApplied Digital Sets Fiscal Fourth Quarter and Full Year 2026 Conference Call for Monday, July 27, 2026, at 5:00 p.m. Eastern Timefinance.yahoo.com
- 5d agoIs Applied Digital (APLD) Undervalued As New AI Capacity Comes Online?finance.yahoo.com
- 5d ago1 Services Stock with Exciting Potential and 2 We Ignorefinance.yahoo.com
- 5d agoNBIS, IREN, CRWV, APLD: Retail Traders Shrug Off AI Pullback, Buy The Dip In Neocloud Stocksstocktwits.com
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-07-06 | Laltrello Laura· Chief Operating Officer | Tax withholding | 43,440 | $33.50 | $1.5M | filing |
| 2026-07-01 | ZHANG JASON· President | Tax withholding | 147,563 | $35.52 | $5.2M | filing |
| 2026-07-01 | ZHANG JASON· President | Tax withholding | 118,050 | $35.52 | $4.2M | filing |
| 2026-07-01 | ZHANG JASON· President | Award | 300,000 | — | — | filing |
| 2026-07-01 | ZHANG JASON· President | Award | 375,000 | — | — | filing |
| 2026-06-22 | Cummins Wes· CEO; Chairman | Tax withholding | 314,800 | $45.20 | $14.2M | filing |
| 2026-06-22 | Mohmand Mohammad Saidal LaVanway· Chief Financial Officer | Tax withholding | 192,815 | $45.20 | $8.7M | filing |
| 2026-06-22 | Cummins Wes· CEO; Chairman | Award | 800,000 | — | — | filing |
| 2026-06-22 | Mohmand Mohammad Saidal LaVanway· Chief Financial Officer | Award | 490,000 | — | — | filing |
| 2026-04-30 | Nottenburg Richard N | Sale | 12,500 | $34.59 | $432,375.00 | filing |
| 2026-04-28 | Nottenburg Richard N | Sale | 12,500 | $32.00 | $400,000.00 | filing |
| 2026-04-27 | MILLER DOUGLAS S | Sale | 10,000 | $34.98 | $349,800.00 | filing |
| 2026-04-10 | Cummins Wes· CEO; Chairman | Tax withholding | 39,350 | $26.26 | $1.0M | filing |
| 2026-04-10 | Cummins Wes· CEO; Chairman | Option exercise | 100,000 | — | — | filing |
| 2026-04-04 | Cummins Wes· CEO; Chairman | Tax withholding | 34,579 | $24.56 | $849,260.24 | filing |
| 2026-04-04 | Mohmand Mohammad Saidal LaVanway· Chief Financial Officer | Tax withholding | 32,136 | $24.56 | $789,260.16 | filing |
| 2026-04-04 | Mohmand Mohammad Saidal LaVanway· Chief Financial Officer | Tax withholding | 4,194 | $24.56 | $103,004.64 | filing |
| 2026-04-04 | Mohmand Mohammad Saidal LaVanway· Chief Financial Officer | Option exercise | 81,667 | — | — | filing |
| 2026-04-04 | Cummins Wes· CEO; Chairman | Option exercise | 100,000 | — | — | filing |
| 2026-04-04 | Mohmand Mohammad Saidal LaVanway· Chief Financial Officer | Option exercise | 12,500 | — | — | filing |
| 2026-03-12 | ZHANG JASON· President | Tax withholding | 93,037 | $27.48 | $2.6M | filing |
| 2026-02-06 | ZHANG JASON· President | Award | 500,000 | $0.00 | $0.00 | filing |
| 2026-02-06 | Mohmand Mohammad Saidal LaVanway· Chief Financial Officer | Award | 250,000 | $0.00 | $0.00 | filing |
| 2026-01-29 | HASTINGS CHUCK | Sale | 45,987 | $38.57 | $1.8M | filing |
| 2026-01-22 | MILLER DOUGLAS S | Gift | 6,000 | $0.00 | $0.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.