Company research
Applied Digital Corp.
CIK 1144879Updated Oct 14, 2026
SecurityAPLD · NASDAQ · equity
Name history
Applied Digital Corp. · through Oct 13, 2026Applied Blockchain, Inc. · through Feb 8, 2023Applied Science Products, Inc. · through Dec 22, 2020FLIGHT SAFETY TECHNOLOGIES INC · through Jan 18, 2011REEL STAFF INC · through Sep 13, 2002
APLD price & chart
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NASDAQ:APLD on TradingView ↗About the company
Applied Digital (Nasdaq: APLD) named Best Data Center in the Americas 2025 by Datacloud - designs, builds, and operates high-performance, sustainably engineered data centers and colocation services for artificial intelligence, networking, and blockchain workloads. Headquartered in Dallas, TX, and founded in 2021, the company combines hyperscale expertise, proprietary waterless cooling, and rapid deployment capabilities to deliver secure, scalable compute at industry-leading speed and efficiency, while creating economic opportunities in underserved communities through its award-winning Polaris Forge AI Factory model.
In the news
Applied Digital Sets Fiscal First Quarter 2027 Conference Call for Wednesday, October 7, 2026, at 5:00 p.m. Eastern Time ↗
Seeking Alpha
Applied Digital: More Than 600MW Could Drive The Next Leg Of Growth ↗
Applied Digital Q1 2027 Results: This Is The New Road To 4GW ↗
Analysts see Applied Digital's AI data center growth on track ↗
SEC disclosures
Applied Digital Corp. files definitive proxy statement ↗
Recent filings
Financials
FY 2026 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 9,929,312,000Source | 1,870,090,000Source | 762,867,000Source | 263,957,000Source |
| Property, Plant and Equipment, NetUSD | 4,236,300,000Source | 1,275,841,000Source | 340,381,000Source | 195,593,000Source |
| GoodwillUSD | 54,513,000Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,591,988,000Source | 41,552,000Source | 3,339,000Source | 28,999,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 56,309,000Source | 3,043,000Source | 3,847,000Source | 82,000Source |
| Assets, CurrentUSD | 4,662,857,000Source | 430,593,000Source | 30,262,000Source | 45,759,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 613,692,000Source | 9,430,000Source | 1,343,000Source | 16,678,000Source |
| Operating Lease, Right-of-Use AssetUSD | 76,922,000Source | 960,000Source | 153,611,000Source | 1,290,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,185,735,000Source | 1,236,365,000Source | 638,037,000Source | 194,278,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 296,000Source | 230,000Source | 144,000Source | 101,000Source |
| Additional Paid in CapitalUSD | 2,432,250,000Source | 1,009,913,000Source | 374,738,000Source | 160,194,000Source |
| Retained Earnings (Accumulated Deficit)USD | -662,333,000Source | -481,055,000Source | -249,990,000Source | -100,716,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,717,476,000Source | 497,688,000Source | 124,830,000Source | 59,517,000Source |
| Liabilities and EquityUSD | 9,929,312,000Source | 1,870,090,000Source | 762,867,000Source | 263,957,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,162,856,000Source | 558,144,000Source | 385,537,000Source | 115,460,000Source |
| Operating Lease, Liability, CurrentUSD | 18,484,000Source | 692,000Source | 21,705,000Source | 320,000Source |
| Accounts Payable, CurrentUSD | 395,474,000Source | 247,528,000Source | 116,117,000Source | — |
| Operating Lease, Liability, NoncurrentUSD | 47,178,000Source | 381,000Source | 109,740,000Source | 1,005,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | — | 0Source |
| Other Liabilities, NoncurrentUSD | 5,454,000Source | — | 0Source | 1,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 7,032,000Source | — | 0Source | 10,162,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 548,493,000Source | 29,549,000Source | 26,282,000Source | — |
| Deferred Tax Liabilities, NetUSD | 0Source | 0Source | 0Source | 0Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 1,956,303,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -184,339,000Source | -231,065,000Source | -149,671,000Source | -45,606,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 67,389,000Source | 17,289,000Source | 79,360,000Source | 7,267,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 220,135,000Source | 22,704,000Source | 17,362,000Source | 32,072,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 49,268,000Source | 2,934,000Source | 3,765,000Source | -145,000Source |
| Increase (Decrease) in Accounts PayableUSD | -1,182,000Source | -78,256,000Source | 41,840,000Source | — |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | -540,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 89,685,000Source | -115,402,000Source | 13,794,000Source | 58,735,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,936,397,000Source | -667,654,000Source | -172,436,000Source | -132,088,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 36,282,000Source | 4,116,000Source | 861,000Source | 168,000Source |
| Payments for Repurchase of Common StockUSD | 0Source | 31,342,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 6,876,826,000Source | 874,686,000Source | 146,757,000Source | 70,628,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 4,030,114,000Source | 91,630,000Source | -11,885,000Source | -2,725,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,153,430,000Source | 120,920,000Source | 31,688,000Source | 43,574,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 263,402,000Source | 62,712,000Source | 17,782,000Source | 1,570,000Source |
| Income Taxes Paid, NetUSD | 241,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 6,323,000Source | 9,563,000Source | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | 26,577,000Source | — | — |
| DepreciationUSD | 48,500,000Source | 10,600,000Source | 15,800,000Source | 3,900,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | -59,650,000Source | 24,616,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 75,818,000Source | — | — | — |
| Gain (Loss) on Disposition of AssetsUSD | -2,398,000Source | -1,138,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | 10,840,000Source | — | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 0Source | -2,380,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | -2,507,000Source | -94,000Source |
| GoodwillUSD | 54,513,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -249,243,000Source | -160,950,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -183,319,000Source | -158,335,000Source | — | -45,606,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -1,020,000Source | -72,730,000Source | — | 0Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -1,020,000Source | -72,730,000Source | — | — |
| Income Tax Expense (Benefit)USD | 1,787,000Source | 102,000Source | 96,000Source | -523,000Source |
| InterestExpenseNonoperatingUSD | 29,516,000Source | 14,739,000Source | — | — |
| LitigationSettlementLossUSD | 0Source | 0Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -149,274,000Source | -44,646,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | -397,000Source | -960,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -250,263,000Source | -233,680,000Source | — | — |
| Nonoperating Income (Expense)USD | — | — | — | -2,074,000Source |
| Operating Lease, ExpenseUSD | 10,106,000Source | 31,661,000Source | 13,944,000Source | 347,000Source |
| Operating Lease, Lease IncomeUSD | 114,702,000Source | — | — | — |
| Payments to Acquire InvestmentsUSD | 17,000,000Source | 4,873,000Source | 390,000Source | 810,000Source |
| Proceeds from Issuance of Common StockUSD | 196,366,000Source | 191,590,000Source | 130,849,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | 1,825,000,000Source | 0Source | 0Source | 4,147,000Source |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | 225,135,000Source | 23,957,000Source | — | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | — | 144,193,000Source | 165,575,000Source | 55,392,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 332,096,000Source | 83,065,000Source | 98,461,000Source | 55,059,000Source |
| Operating Income (Loss)USD | -236,462,000Source | -16,845,000Source | -99,023,000Source | -44,055,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -181,532,000Source | -158,233,000Source | -149,575,000Source | -46,129,000Source |
| Income Tax Expense (Benefit)USD | 1,787,000Source | 102,000Source | 96,000Source | -523,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | -397,000Source | -960,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -149,274,000Source | -44,646,000Source |
| Earnings Per Share, BasicUSD per share | -0.91Source | -1.16Source | -1.31Source | -0.49Source |
| Earnings Per Share, DilutedUSD per share | -0.91Source | -1.16Source | -1.31Source | -0.49Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 275,194,755Source | 201,194,451Source | 114,061,414Source | 93,976,233Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 275,194,755Source | 201,194,451Source | 114,061,414Source | 93,976,233Source |
| Interest Expense (non-operating)USD | 29,516,000Source | 14,739,000Source | — | — |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 847,773,000Source | 161,038,000Source | 264,598,000Source | 55,059,000Source |
| Current Income Tax Expense (Benefit)USD | 1,787,000Source | 102,000Source | 96,000Source | 18,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 75,818,000Source | — | — | — |
| Gain (Loss) on InvestmentsUSD | 10,840,000Source | — | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 0Source | -2,380,000Source | — |
| Gross ProfitUSD | — | — | — | 11,004,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -249,243,000Source | -160,950,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -181,532,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -183,319,000Source | -158,335,000Source | — | -45,606,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.91Source | -0.8Source | — | -0.49Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.91Source | -0.8Source | — | -0.49Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -1,020,000Source | -72,730,000Source | — | 0Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -1,020,000Source | -72,730,000Source | — | — |
| Interest ExpenseUSD | — | — | 26,832,000Source | 1,980,000Source |
| LitigationSettlementLossUSD | 0Source | 0Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -250,263,000Source | -233,680,000Source | — | — |
| Nonoperating Income (Expense)USD | — | — | — | -2,074,000Source |
| Operating Lease, ExpenseUSD | 10,106,000Source | 31,661,000Source | 13,944,000Source | 347,000Source |
| Operating Lease, Lease IncomeUSD | 114,702,000Source | — | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | 2,615,000Source | — | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | 6,259,000Source | 2,615,000Source | — | — |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | 225,135,000Source | 23,957,000Source | — | — |
Filing attachments
ex107.htm · POSASR · 2026-09-25
Calculation of Filing Fee Tables S-3 Applied Digital Corp. ──────────────────────────────────── Table 1: Newly Registered and Carry Forward Securities ☐Not Applicable ─────────────────────────────────────────────────────────────────────────────── Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering…
Read attachment ↗ex4-1.htm · 8-K · 2026-06-16
EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 APLD COMPUTECO 3 LLC APLD HPC HOLDINGS 2 LLC AND EACH OF THE SUBSIDIARY GUARANTORS PARTY HERETO 7.000% SENIOR SECURED NOTES DUE 2031 INDENTURE Dated as of June 16, 2026 WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee and as Collateral Agent TABLE OF Contents Article 1 DEFINITIONS 1 ────────────────────────────────────────────────────────────────────────── …
Read attachment ↗ex99-1.htm · 8-K · 2026-06-09
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Applied Digital Signs 210 MW Lease at Delta Forge 2, Expanding Its AI Factory Franchise Model to a Fifth Campus New Long-Term Agreement with U.S. Based High Investment-Grade Hyperscaler Brings Total Contracted Portfolio to Approx. $36 Billion Across Five AI Factory Campuses. DALLAS, June 8, 2026 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocat…
Read attachment ↗ex99-1.htm · 8-K · 2026-06-09
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Applied Digital Announces Pricing of $1.59 Billion of Senior Secured Notes to fund the Fourth Building at Polaris Forge 1 DALLAS, June 9, 2026 (GLOBE NEWSWIRE) - Applied Digital Corporation (NASDAQ: APLD) (“Applied Digital” or the “Company”), a leading designer, builder and operator of high-performance, sustainably engineered data centers and colocation services for Artificial Intelligence (“AI”), networking, and blockchain workloads, today announ…
Read attachment ↗ex99-1.htm · 8-K · 2026-06-09
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Applied Digital Secures Revolving Credit Facility of Up To $550 Million in Support of Strategic Growth DALLAS, June 8, 2026 (GLOBE NEWSWIRE) - Applied Digital Corporation (NASDAQ: APLD) (“Applied Digital” or the “Company”), a leading designer, builder and operator of high-performance, sustainably engineered data centers and colocation services for Artificial Intelligence (“AI”), networking, and blockchain workloads, today announced that it closed a…
Read attachment ↗