Applied Digital Corp.

APLD

Applied Digital Corp.

APLD

Insider Sentiment (TTM):

Last Purchase:2023-05-17Last Sale:2026-04-30Shares Purchased (TTM):0Shares Sold (TTM):1,115,039

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:200,792,722Shares Outstanding:281,982,553Institutional Ownership Pct.:71.21%

Earnings Market Reaction:

Filing Date:2026-04-08Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Services-Computer Processing & Data Preparation

EVTC CHR ADP WDAY RDDT VRSK

Applied Digital Corp. (APLD) — SEC Financial Statements & Analysis

Applied Digital Corp. (APLD) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31	2023-05-31
Nonrelated Party	-	-	-	16	0	2	14	14	13	-1	51	33
Related Party	-	-	-	16	0	2	14	14	13	-1	51	33
Series E1 Preferred Stock	0	0	0	0	0	0	0	0	-	-	-	-
Series F Preferred Stock	-	-	-	-	-	0	0	-	-	-	-	-
Series G Preferred Stock	0	0	0	0	-	-	-	0	-	-	-	-
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	1,730	1,913	74	42	69	286	58	3	4	9	6	29
Restricted Cash Current	198	205	-	-	-	21	21	21	30	25	25	15
Restricted Cash
Accounts Receivable Net Current	21	13	29	3	15	12	2	4	0	0	0	0
Prepaid Expense And Other Assets Current	479	272	188	9	5	8	2	1	6	2	2	2
Assets Of Disposal Group Including Discontinued Op…	-	313	310	304	0	0	0	375	65	-	-	0
Assets Current	2,428	2,717	642	431	274	328	84	404	106	36	34	46
Property Plant And Equipment Net	3,012	2,001	1,462	1,276	1,002	773	478	329	211	259	223	198
Operating Lease Right Of Use Asset	77	1	1	1	153	141	147	2	95	73	11	1
Finance Lease Right Of Use Asset	136	2	17	18	235	261	201	9	190	95	56	14
Other Assets	594	508	278	145	42	40	28	19	41	17	26	5
Assets	6,247	5,229	2,399	1,870	1,707	1,543	938	763	643	481	349	264
Accounts Payable And Accrued Liabilities Current	-	-	-	-	-	-	-	-	-	-	-	15
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	377	93	173	248	171	192	140	105	94	38	16	6
Accrued Liabilities Current	377	207	183	30	19	32	27	25	28	11	13	10
Operating Lease Liability Current	18	1	1	1	27	23	22	1	13	9	2	0
Finance Lease Liability Current	51	1	12	14	140	137	112	5	86	43	23	6
Notes Payable Current	98	13	382	10	10	7	7	10	19	9	9	8
Sales And Excise Tax Payable Current	-	-	-	-	-	-	-	-	-	0	0	2
Notes Payable Fair Value Disclosure	-	-	-	0	0	5	30	36	-	-	-	0
Deferred Income Tax Liabilities Net	-	-	-	-	-	-	-	-	-	-	-	0
Contract With Customer Liability Current	13	29	1	-	-	-	-	-	-	-	-	49
Liabilities Of Disposal Group Including Discontinu…	-	161	188	216	-	-	-	336	8	-	-	-
Other Liabilities Noncurrent	-	-	-	-	-	-	-	0	0	0	0	1
Treasury Stock Value	-	-	-	-	-	-	-	-	-	-	-	-0
Other Liabilities Current	66	38	26	19	0	0	0	0	-	-	-	0
Liabilities Current	1,019	563	985	558	394	424	387	554	349	202	152	115
Operating Lease Liability Noncurrent	45	0	0	0	105	98	104	1	69	52	10	1
Finance Lease Liability Noncurrent	21	0	0	0	32	62	44	3	64	37	25	8
Long Term Notes Payable	2,595	2,594	305	-	-	-	-	-	-	-	-	-
Liabilities	3,679	3,158	1,291	1,236	1,209	1,053	641	638	525	325	221	194
Redeemable Noncontrolling Interest Equity Carrying…	923	517	-	-	-	-	-	-	-	-	-	-
Stockholders Equity
Minority Interest	-	-	-	-	-	-	-	0	0	0	0	10
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Treasury Stock Common Value	-53	-53	-31	-31	-31	-31	-0	-0	-0	-0	-0	-0
Long Term Debt Fair Value	-	-	-	-	-	-	-	44	-	-	-	0
Additional Paid In Capital	2,217	2,014	1,573	1,010	914	859	496	375	304	278	240	160
Retained Earnings Accumulated Deficit	-583	-512	-498	-481	-429	-393	-254	-250	-186	-123	-112	-101
Stockholders Equity	1,581	1,450	1,044	498	455	435	242	125	118	156	128	70
Liabilities And Stockholders Equity	6,247	5,229	2,399	1,870	1,707	1,543	938	763	643	481	349	264
Series E Preferred Stock	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	600	600	400	400	400	400	300	400	333	333	333	333
Common Stock Shares Issued	293	286	279	234	234	226	162	144	127	123	111	101
Shares Outstanding	285	279	269	225	224	217	157	139	122	118	106	96
Treasury Stock Common Shares	7	7	9	9	9	-9	5	5	5	5	5	5

Subscribe to unlock 17+ years of financial data, unlimited metrics, and saved tables

Start 7-day free trial

Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables

Start free trial

Custom Table

10‑Q10‑K

0/5

Search a metric to start building a table

Subscribe to unlock 17+ years of financial data, unlimited metrics, transformations, and saved visuals

Start 7-day free trial

Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals

Start free trial

Interactive Financial Visualizations

10‑Q10‑K

Stock Price:

OnOff

Transformations:

0/1

Search a metric to start building a visual

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	18.33%	-7.48%	-17.89%	6.07%	-14.62%	-25.61%	20.73%	70.13%	40.91%	-	-	-
2025	-12.70%	36.49%	13.38%	-8.78%	-14.99%	-42.39%	0.37%	158.10%	94.60%	60.02%	104.19%	241.38%
2024	0.83%	-4.16%	24.47%	-4.61%	-17.00%	-46.11%	-1.30%	37.79%	93.81%	64.93%	124.11%	98.08%
2023	-	-	-	-	-	-	-	-	-	-30.04%	-36.95%	-44.10%
Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial

Subscribe to unlock 17+ years of financial data and 50+ calculated metrics

Start 7-day free trial

Subscribe to unlock 17+ years of data and 50+ calculated metrics

Start free trial

Performance and Valuation Metrics

Metrics	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31	2023-05-31
Liquidity Ratios
Current Ratio	2.38	4.82	0.65	0.77	0.70	0.77	0.22	0.73	0.30	0.18	0.22	0.40
Quick Ratio	1.91	4.34	0.46	0.75	0.68	0.75	0.21	0.73	0.29	0.17	0.21	0.38
Working Capital	1.41B	2.15B	-343.76M	-127.55M	-119.32M	-95.97M	-302.56M	-149.97M	-243.46M	-165.97M	-118.13M	-69.79M
Leverage & Debt
Debt to Equity	2.33	2.18	1.24	2.48	2.66	2.42	2.65	5.11	4.43	2.09	1.73	2.79
Interest Coverage TTM	-	-	-	-	1.75	-0.23	-0.01	-1.22	-7.90	-5.00	-12.78	-22.25
Debt Ratio	0.59	0.60	0.54	0.66	0.71	0.68	0.68	0.84	0.82	0.68	0.63	0.74
Efficiency & Turnover
Asset Turnover TTM	0.08	0.08	0.10	0.11	0.12	0.13	0.21	0.27	0.34	0.35	0.34	0.29
Days Sales Outstanding TTM	19.12	17.74	33.05	8.72	19.53	17.84	3.14	5.25	0.39	0.93	0.17	1.02
Receivables Turnover TTM	19.09	20.58	11.04	41.86	18.68	20.46	116.25	69.54	937.54	393.32	2,202.36	358.52
Per Share Metrics
Diluted EPS TTM	-0.66	-0.44	-0.96	-1.16	-1.10	-1.29	-0.95	-1.31	-0.75	-0.32	-0.51	-0.48
Free Cash Flow Per Share TTM	-6.42	-4.84	-3.90	-3.96	-3.12	-2.12	-1.55	-1.12	-0.57	-0.61	-0.86	-0.77
Dividend Per Share TTM	0.02	0.02	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	30.15%	19.61%	22.61%	29.64%	28.51%	24.81%	22.92%	21.93%	18.00%	28.94%	25.09%	19.87%
Operating Profit Margin TTM	-44.21%	-31.28%	-37.12%	-11.68%	22.66%	-3.94%	-0.14%	-24.05%	-53.45%	-24.82%	-55.72%	-79.53%
Net Profit Margin TTM	-55.14%	-46.01%	-141.94%	-162.06%	-176.05%	-209.82%	-105.12%	-109.26%	-63.35%	-30.83%	-60.82%	-80.60%
Growth Metrics
Net Revenue Growth (1Y)	143.52%	104.48%	28.43%	5.54%	-3.64%	12.60%	59.38%	146.64%	252.06%	312.23%	-	-
Net Income Growth (1Y)	-23.73%	-55.16%	73.41%	56.54%	167.81%	666.29%	175.47%	234.35%	64.58%	-35.50%	-	-
EPS Growth (1Y)	-39.83%	-66.13%	1.04%	-11.25%	46.18%	301.00%	85.72%	175.47%	27.57%	-45.06%	-	-
Valuation Metrics
P/E TTM	-41.29	-61.90	-16.60	-5.88	-7.29	-7.81	-3.83	-3.23	-5.53	-14.49	-11.77	-17.62
P/B	4.86	5.19	3.92	2.76	3.91	4.87	2.25	3.87	4.25	3.29	4.75	11.29
P/S TTM	22.77	28.48	23.56	9.53	12.83	16.39	4.03	3.53	3.50	4.47	7.16	14.20
Market Cap	7.69B	7.52B	4.09B	1.37B	1.78B	2.12B	544.21M	482.48M	503.92M	512.13M	607.15M	786.58M
Enterprise Value	8.35B	7.83B	4.67B	1.28B	1.89B	2.01B	620.48M	469.54M	669.06M	591.74M	658.91M	765.01M
Calculated Values
Free Cash Flow TTM	-1.81B	-1.34B	-997.76M	-797.01M	-694.51M	-445.24M	-230.63M	-128.02M	-69.57M	-66.99M	-86.24M	-72.54M
Net Debt	656.66M	312.18M	585.20M	-96.94M	113.76M	-109.11M	76.26M	-12.94M	165.14M	79.62M	51.76M	-21.57M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Insider Transactions

2026-04-30Sale

Owner: Nottenburg, Richard N

Title: -

Shares: 12,500

Price/Share: $34.59

Value: $432,375.00

Shares Owned: 208,378

Relationship: Director

Ownership: Direct

2026-04-27Sale

Owner: Miller, Douglas S

Title: -

Shares: 10,000

Price/Share: $34.98

Value: $349,800.00

Shares Owned: 184,859

Relationship: Director

Ownership: Direct

2026-01-29Sale

Owner: Hastings, Chuck

Title: -

Shares: 45,987

Price/Share: $38.57

Value: $1,773,718.59

Shares Owned: 388,372

Relationship: Director

Ownership: Direct

2026-01-16Sale

Owner: Cummins, Wes

Title: CEO; Chairman

Shares: 165,000

Price/Share: $36.42

Value: $6,009,300.00

Shares Owned: 4,176,329

Relationship: Director,Officer

Ownership: Direct

2026-01-15Sale

Owner: Nottenburg, Richard N

Title: -

Shares: 12,000

Price/Share: $35.45

Value: $425,400.00

Shares Owned: 233,378

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-04-30	Nottenburg, Richard N	Director	-	Direct	Sale	12,500	34.59	$432,375.00	208,378	4
2026-04-27	Miller, Douglas S	Director	-	Direct	Sale	10,000	34.98	$349,800.00	184,859	4
2026-01-29	Hastings, Chuck	Director	-	Direct	Sale	45,987	38.57	$1,773,718.59	388,372	4
2026-01-16	Cummins, Wes	Director,Officer	CEO; Chairman	Direct	Sale	165,000	36.42	$6,009,300.00	4,176,329	4
2026-01-15	Nottenburg, Richard N	Director	-	Direct	Sale	12,000	35.45	$425,400.00	233,378	4
2026-01-12	Miller, Douglas S	Director	-	Direct	Sale	10,000	38.54	$385,400.00	200,859	4
2025-11-28	Miller, Douglas S	Director	-	Direct	Sale	8,000	26.98	$215,840.00	210,859	4
2025-11-24	Benson, Ella G.	Director	-	Direct	Sale	8,581	23.22	$199,250.82	68,422	4
2025-10-31	Nottenburg, Richard N	Director	-	Direct	Sale	9,375	35.91	$336,656.25	249,237	4
2025-10-31	Hastings, Chuck	Director	-	Direct	Sale	25,000	34.27	$856,750.00	426,612	4
2025-10-29	Benson, Ella G.	Director	-	Direct	Sale	42,569	35.30	$1,502,685.70	69,256	4
2025-10-28	Mohmand, Mohammad Saidal …	Officer	Chief Financial Officer	Direct	Sale	37,503	36.47	$1,367,734.41	121,409	4
2025-10-24	Nottenburg, Richard N	Director	-	Direct	Sale	34,375	33.23	$1,142,281.25	263,612	4
2025-10-24	Lee, Rachel H.	Director	-	Direct	Sale	24,213	33.20	$803,871.60	59,400	4
2025-09-03	Mohmand, Mohammad Saidal …	Officer	Chief Financial Officer	Direct	Sale	75,000	15.26	$1,144,500.00	201,800	4
2025-09-03	Nottenburg, Richard N	Director	-	Direct	Sale	20,000	15.26	$305,200.00	297,987	4
2025-09-03	Cummins, Wes	Director,Officer	CEO; Chairman	Direct	Sale	400,000	15.26	$6,104,000.00	2,659,379	4
2025-08-12	Hastings, Chuck	Director	-	Direct	Sale	30,000	14.73	$441,900.00	501,612	4
2025-08-08	Nottenburg, Richard N	Director	-	Direct	Sale	11,250	14.22	$159,975.00	317,987	4
2025-08-07	Miller, Douglas S	Director	-	Direct	Sale	10,000	15.00	$150,000.00	211,112	4
2025-08-04	Nottenburg, Richard N	Director	-	Direct	Sale	13,686	12.50	$171,075.00	329,237	4
2025-08-04	Miller, Douglas S	Director	-	Direct	Sale	10,000	13.63	$136,300.00	221,112	4
2025-08-04	Hastings, Chuck	Director	-	Direct	Sale	100,000	13.33	$1,333,000.00	531,612	4
2025-05-21	Lee, Rachel H.	Director	-	Direct	Sale	24,212	7.00	$169,484.00	83,613	4
2025-05-16	Benson, Ella G.	Director	-	Direct	Sale	18,242	6.50	$118,573.00	111,825	4
2025-01-17	Nottenburg, Richard N	Director	-	Direct	Sale	20,000	8.85	$177,000.00	342,923	4
2024-11-27	Nottenburg, Richard N	Director	-	Direct	Sale	50,000	9.20	$460,000.00	334,317	4
2024-11-27	Cummins, Wes	Director,Officer,TenPercentOwner	CEO; Chairman	Direct	Sale	200,000	9.20	$1,840,000.00	3,875,955	4
2024-11-07	Nottenburg, Richard N	Director	-	Direct	Sale	19,369	7.51	$145,461.19	384,317	4
2024-10-17	Nottenburg, Richard N	Director	-	Direct	Sale	30,000	8.01	$240,300.00	403,686	4
2024-10-17	Miller, Douglas S	Director	-	Direct	Sale	10,000	8.01	$80,100.00	208,506	4
2024-10-14	Nottenburg, Richard N	Director	-	Direct	Sale	80,000	7.37	$589,600.00	433,686	4
2024-09-05	Miller, Douglas S	Director	-	Direct	Sale	10,000	5.50	$55,000.00	218,506	4
2024-02-20	Moore, Virginia	Director	-	Indirect	Sale	30,000	4.74	$142,200.00	148,630	4
2023-11-29	Moore, Virginia	Director	-	Indirect	Sale	15,000	4.87	$73,050.00	178,630	4
2023-11-13	Moore, Virginia	Director	-	Indirect	Sale	20,740	4.62	$95,818.80	268,630	4
2023-11-10	Moore, Virginia	Director	-	Indirect	Sale	51,079	4.55	$232,409.45	289,370	4
2023-08-08	Nottenburg, Richard N	Director	-	Direct	Sale	14,820	7.74	$114,706.80	180,001	4
2023-05-17	Cummins, Wes	Director,Officer,TenPercentOwner	CEO; Chairman	Indirect	Purchase	10,000	6.17	$61,700.00	2,030,686	4
Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Institutional Ownership

No data available for chart

2026-03-31

71.21%

Inst. Shares: 200,792,722

Shares Outstanding: 281,982,553

2025-12-31

60.85%

Inst. Shares: 168,816,799

Shares Outstanding: 277,423,733

2025-09-30

64.77%

Inst. Shares: 165,751,327

Shares Outstanding: 255,892,902

2025-06-30

67.31%

Inst. Shares: 135,415,228

Shares Outstanding: 201,194,451

2025-03-31

62.28%

Inst. Shares: 138,555,266

Shares Outstanding: 222,454,578

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	200,792,722	281,982,553	71.21%
2025-12-31	168,816,799	277,423,733	60.85%
2025-09-30	165,751,327	255,892,902	64.77%
2025-06-30	135,415,228	201,194,451	67.31%
2025-03-31	138,555,266	222,454,578	62.28%
2024-12-31	138,475,090	209,560,339	66.08%
2024-09-30	129,658,996	149,099,336	86.96%
2024-06-30	159,868,652	114,061,414	140.16%
2024-03-31	122,610,332	121,426,622	100.97%
2023-12-31	125,754,636	109,663,030	114.67%
2023-09-30	104,744,114	100,521,673	104.20%
2023-06-30	93,791,170	93,976,233	99.80%
Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial

Applied Digital Corp. (APLD) — SEC Financial Statements & Analysis

Research Faster.Invest Smarter.

Research Faster.
Invest Smarter.