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APLD

Applied Digital Corporation

Price Chart
Latest Quote

$39.62

-4.53 (-10.26%)
Current Price
Previous Close $44.15
Open $42.10
Day High $42.10
Day Low $37.69
Volume 21,673,788
Fetched: 2026-06-06T18:16:08
Stock Information
Shares Outstanding 285.77M
Total Debt $2.83B
Cash Equivalents $1.73B
Revenue $319.26M
Net Income $-119.76M
Sector Technology
Industry Information Technology Services
Market Cap $11.32B
EPS (TTM) $-0.38
Exchange NMS
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📊 Comprehensive Analysis
Company Data
Enterprise Value$13.41B
Sales$319.26M
Income$-119.76M
Book/sh$5.54
Cash/sh$6.06
Employees205
Financial Ratios
Quick Ratio1.72
Current Ratio2.38
Debt/Eq110.13
Returns & Margins
ROA-0.60%
ROE-5.56%
Gross Margin45.41%
Operating Margin-20.47%
Profit Margin-59.47%
Ownership
Insider Ownership11.08%
Institutional Ownership71.95%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-41.71
PEG1.83
P/S35.46
P/B7.15
Analyst Data
Recommendationstrong_buy
Target Price$66.77
Technical Indicators
SMA20$44.45
SMA50$36.16
SMA200$29.99
RSI45.93
ATR4.4516
Shares Float253.86M
Short Float29.90%
Short Ratio3.32
Volatility5.64
Rel Volume1.03
Performance History
Week-16.20%
Month-10.44%
Quarter+57.60%
6 Months+34.95%
YTD+40.95%
Year+199.02%
3 Years+373.36%
10 Years+716.91%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-05 $39.62 21,766,000
2026-06-04 $44.15 14,487,400
2026-06-03 $44.71 16,325,800
2026-06-02 $47.86 17,269,200
2026-06-01 $47.94 17,487,200
2026-05-29 $47.28 21,832,000
2026-05-28 $49.65 20,470,600
2026-05-27 $48.98 25,807,700
2026-05-26 $45.14 22,554,200
2026-05-22 $45.87 22,215,200
2026-05-21 $48.02 43,074,400
2026-05-20 $39.52 27,508,600
2026-05-19 $36.62 15,285,900
2026-05-18 $39.14 19,632,900
2026-05-15 $42.56 17,723,100
2026-05-14 $46.71 16,359,300
2026-05-13 $45.48 15,283,300
2026-05-12 $43.93 20,248,300
2026-05-11 $44.59 27,374,400
2026-05-08 $41.25 19,715,600
2026-05-07 $41.53 25,434,900
2026-05-06 $44.24 32,688,600
About Applied Digital Corporation

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.

Period:
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Income Statement (Annual)
Metric 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Revenue
Reconciled Cost Of Revenue $101,451,000 $106,653,000 $44,388,000 $9,506,000
Cost Of Revenue $101,451,000 $106,653,000 $44,388,000 $9,506,000
Total Revenue $144,193,000 $136,618,000 $55,392,000 $8,549,000
Operating Revenue $144,193,000 $136,618,000 $55,392,000 $8,549,000
Expenses
Interest Expense $14,739,000 $17,708,000 $2,006,000 $112,000
Total Expenses $184,516,000 $151,673,000 $98,303,000 $29,447,000
Other Income Expense $-103,171,000 $-41,517,000 $-94,000 $-936,000
Other Non Operating Income Expenses $-85,439,000 $-15,517,000 - $406,000
Net Non Operating Interest Income Expense $-14,739,000 $-17,708,000 $-2,006,000 $-112,000
Interest Expense Non Operating $14,739,000 $17,708,000 $2,006,000 $112,000
Operating Expense $83,065,000 $45,020,000 $53,915,000 $19,941,000
General And Administrative Expense - - - $19,892,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-158,335,000 $-73,979,000 $-43,528,000 $-22,476,000
Net Interest Income $-14,739,000 $-17,708,000 $-2,006,000 $-112,000
Normalized Income $-140,603,000 $-53,439,000 $-43,435,128 $-21,415,820
Net Income From Continuing And Discontinued Operation $-231,065,000 $-149,274,000 $-44,646,000 $-23,520,000
Total Operating Income As Reported $-16,845,000 $-32,852,000 $-42,911,000 $-20,898,000
Net Income Common Stockholders $-233,680,000 $-149,274,000 $-44,646,000 $-23,520,000
Net Income $-231,065,000 $-149,274,000 $-44,646,000 $-23,520,000
Net Income Including Noncontrolling Interests $-231,065,000 $-149,671,000 $-45,606,000 $-23,530,000
Net Income Discontinuous Operations $-72,730,000 $-75,295,000 $-1,118,000 $-1,044,000
Net Income Continuous Operations $-158,335,000 $-74,376,000 $-44,488,000 $-22,486,000
Pretax Income $-158,233,000 $-74,280,000 $-45,011,000 $-21,946,000
Special Income Charges $-11,311,000 $-20,304,000 $-94,000 $-1,342,000
Operating Income $-40,323,000 $-15,055,000 $-42,911,000 $-20,898,000
Gross Profit $42,742,000 $29,965,000 $11,004,000 $-957,000
Depreciation Amortization Depletion Income Statement - - - $49,000
Depreciation And Amortization In Income Statement - - - $49,000
Depreciation Income Statement - - - -
Per Share
Diluted EPS - $-1.31 $-0.49 $-0.41
Basic EPS - $-1.31 $-0.49 $-0.41
Other
Tax Effect Of Unusual Items $-3,723,720 $-5,460,000 $-1,128 $-281,820
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-27,817,000 $48,788,000 $-35,297,000 $-19,372,000
Total Unusual Items $-17,732,000 $-26,000,000 $-94,000 $-1,342,000
Total Unusual Items Excluding Goodwill $-17,732,000 $-26,000,000 $-94,000 $-1,342,000
Reconciled Depreciation $97,945,000 $79,360,000 $7,614,000 $1,120,000
EBITDA (Bullshit earnings) $-45,549,000 $22,788,000 $-35,391,000 $-20,714,000
EBIT $-143,494,000 $-56,572,000 $-43,005,000 $-21,834,000
Diluted NI Availto Com Stockholders $-233,680,000 $-149,274,000 $-44,646,000 $-23,520,000
Preferred Stock Dividends $2,615,000 - - -
Minority Interests $0 $397,000 $960,000 $10,000
Tax Provision $102,000 $96,000 $-523,000 $540,000
Gain On Sale Of Ppe $23,478,000 $-15,417,000 $0 -
Other Special Charges $34,789,000 $4,887,000 $94,000 $1,342,000
Gain On Sale Of Security $-6,421,000 - - -
Selling General And Administration $83,065,000 $45,020,000 $53,915,000 $19,941,000
Diluted Average Shares - $114,061,414 $93,976,233 $57,121,096
Basic Average Shares - $114,061,414 $93,976,233 $57,121,096
Other Gand A - - - $7,555,000
Salaries And Wages - - - $12,337,000
Fetched: 2026-06-02
Balance Sheet (Annual)
Metric 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Assets
Net Tangible Assets $633,725,000 $124,830,000 $59,517,000 $72,259,000
Total Assets $1,870,090,000 $762,867,000 $263,957,000 $119,980,000
Total Non Current Assets $1,439,497,000 $358,723,000 $218,289,000 $79,618,000
Other Non Current Assets $11,976,000 $11,411,000 $4,545,000 $8,950,000
Non Current Deferred Assets $42,411,000 - - -
Non Current Accounts Receivable $84,416,000 - - -
Current Assets $430,593,000 $404,144,000 $45,668,000 $40,362,000
Other Current Assets $9,430,000 $1,010,000 $2,012,000 $1,337,000
Assets Held For Sale Current $304,200,000 $374,599,000 $0 -
Restricted Cash $72,368,000 $21,349,000 $14,575,000 $7,501,000
Receivables $3,043,000 $3,847,000 $82,000 $227,000
Accounts Receivable $3,043,000 $3,847,000 $82,000 $227,000
Cash Cash Equivalents And Short Term Investments $41,552,000 $3,339,000 $28,999,000 $38,798,000
Cash And Cash Equivalents $41,552,000 $3,339,000 $28,999,000 $38,798,000
Prepaid Assets - - - $1,450,000
Debt
Net Debt $646,604,000 $122,051,000 $47,430,000 -
Total Debt $702,877,000 $135,730,000 $91,810,000 $13,544,000
Long Term Debt And Capital Lease Obligation $678,221,000 $83,925,000 $77,818,000 $11,207,000
Long Term Debt $677,825,000 $79,472,000 $68,479,000 $5,897,000
Current Debt And Capital Lease Obligation $24,656,000 $51,805,000 $13,992,000 $2,337,000
Current Debt $10,331,000 $45,918,000 $7,950,000 $1,333,000
Other Current Borrowings $10,331,000 $45,918,000 $7,950,000 $1,333,000
Liabilities
Total Liabilities Net Minority Interest $1,236,365,000 $638,037,000 $194,278,000 $40,745,000
Total Non Current Liabilities Net Minority Interest $678,221,000 $83,925,000 $78,818,000 $11,747,000
Current Liabilities $558,144,000 $554,112,000 $115,460,000 $28,998,000
Other Current Liabilities $235,479,000 $336,519,000 - $16,000
Current Deferred Liabilities $16,125,000 $23,556,000 $85,062,000 $13,401,000
Payables And Accrued Expenses $281,884,000 $142,232,000 $16,406,000 $13,260,000
Payables $252,335,000 $117,530,000 $6,446,000 $13,260,000
Other Payable $4,807,000 $13,002,000 - -
Accounts Payable $247,528,000 $104,528,000 $6,446,000 $13,260,000
Tradeand Other Payables Non Current - $0 $0 $0
Non Current Deferred Liabilities - - $0 $540,000
Non Current Deferred Taxes Liabilities - - $0 $540,000
Total Tax Payable - - $1,630,000 $0
Current Notes Payable - - - $0
Dividends Payable - - - $0
Equity
Common Stock Equity $497,688,000 $124,830,000 $59,517,000 $72,259,000
Preferred Stock Equity $136,037,000 - - -
Total Equity Gross Minority Interest $633,725,000 $124,830,000 $69,679,000 $79,235,000
Stockholders Equity $633,725,000 $124,830,000 $59,517,000 $72,259,000
Retained Earnings $-481,055,000 $-249,990,000 $-100,716,000 $-56,070,000
Long Term Equity Investment $6,073,000 - - -
Investments In Other Ventures Under Equity Method $6,073,000 - - -
Preferred Securities Outside Stock Equity - - - $0
Other
Treasury Shares Number $9,291,199 $5,032,802 $5,001,728 $36,300
Ordinary Shares Number $224,909,669 $139,051,142 $95,925,630 $97,837,798
Share Issued $234,200,868 $144,083,944 $100,927,358 $97,874,098
Tangible Book Value $497,688,000 $124,830,000 $59,517,000 $72,259,000
Invested Capital $1,185,844,000 $250,220,000 $135,946,000 $79,489,000
Working Capital $-127,551,000 $-149,968,000 $-69,792,000 $11,364,000
Capital Lease Obligations $14,721,000 $10,340,000 $15,381,000 $6,314,000
Total Capitalization $1,311,550,000 $204,302,000 $127,996,000 $78,156,000
Treasury Stock $31,400,000 $62,000 $62,000 $62,000
Additional Paid In Capital $1,009,913,000 $374,738,000 $160,194,000 $128,293,000
Capital Stock $136,267,000 $144,000 $101,000 $98,000
Common Stock $230,000 $144,000 $101,000 $98,000
Preferred Stock $136,037,000 - - $0
Long Term Capital Lease Obligation $396,000 $4,453,000 $9,339,000 $5,310,000
Current Deferred Revenue $16,125,000 $23,556,000 $85,062,000 $13,401,000
Current Capital Lease Obligation $14,325,000 $5,887,000 $6,042,000 $1,004,000
Current Accrued Expenses $29,549,000 $24,702,000 $9,960,000 -
Investments And Advances $6,073,000 $1,200,000 - -
Net PPE $1,294,621,000 $339,374,000 $213,744,000 $70,668,000
Accumulated Depreciation $-23,879,000 $-13,663,000 $-4,940,000 $-1,009,000
Gross PPE $1,318,500,000 $353,037,000 $218,684,000 $71,677,000
Leases $444,000 $444,000 $0 -
Construction In Progress $1,123,156,000 $186,869,000 $108,784,000 $18,305,000
Other Properties $28,694,000 $20,204,000 $20,248,000 $20,942,000
Machinery Furniture Equipment $35,064,000 $33,945,000 $22,857,000 $588,000
Buildings And Improvements $109,672,000 $103,990,000 $63,350,000 $30,176,000
Land And Improvements $21,470,000 $7,585,000 $3,445,000 $2,254,000
Properties $0 $0 $0 $0
Minority Interest - $0 $10,162,000 $6,976,000
Dueto Related Parties Non Current - $0 $1,000,000 $0
Fetched: 2026-06-02
Cash Flow Statement (Annual)
Metric 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Free Cash Flow
Free Cash Flow $-797,005,000 $-128,015,000 $-72,543,000 $-55,846,000
Operating Activities
Operating Cash Flow $-115,402,000 $13,794,000 $58,735,000 $-872,000
Cash Flow From Continuing Operating Activities $-115,402,000 $13,794,000 $58,735,000 $9,275,000
Operating Gains Losses $8,736,000 $2,507,000 $94,000 $936,000
Cash From Discontinued Operating Activities - - $0 $-10,147,000
Investing Activities
Capital Expenditure $-681,603,000 $-141,809,000 $-131,278,000 $-54,974,000
Investing Cash Flow $-667,654,000 $-172,437,000 $-132,088,000 $-45,871,000
Cash Flow From Continuing Investing Activities $-667,654,000 $-172,437,000 $-132,088,000 $-54,974,000
Net Other Investing Changes $18,822,000 $-30,237,000 - -
Cash From Discontinued Investing Activities - - $0 $9,103,000
Financing Activities
Repurchase Of Capital Stock $-31,342,000 $0 $0 -
Issuance Of Capital Stock $389,795,000 $130,849,000 $0 $74,500,000
Financing Cash Flow $874,686,000 $146,757,000 $70,628,000 $81,292,000
Cash Flow From Continuing Financing Activities $874,686,000 $146,757,000 $70,628,000 $81,292,000
Net Other Financing Charges $-123,367,000 $-1,465,000 $1,863,000 $-311,000
Cash Dividends Paid $-2,615,000 - - -
Preferred Stock Dividend Paid $-2,615,000 $0 $0 -
Net Preferred Stock Issuance $198,205,000 $0 $0 $34,500,000
Preferred Stock Issuance $198,205,000 $0 $0 $34,500,000
Net Common Stock Issuance $160,248,000 $130,849,000 $0 $40,000,000
Common Stock Issuance $191,590,000 $130,849,000 $0 $40,000,000
Cash From Discontinued Financing Activities - - $0 $0
Other
Repayment Of Debt $-418,118,000 $-127,181,000 $-13,385,000 $-221,000
Issuance Of Debt $1,112,083,000 $144,554,000 $82,150,000 $7,324,000
Interest Paid Supplemental Data $62,712,000 $17,782,000 $1,118,000 $112,000
Income Tax Paid Supplemental Data $105,000 $5,000 $0 $0
End Cash Position $120,920,000 $31,688,000 $43,574,000 $46,299,000
Other Cash Adjustment Outside Changein Cash $-2,398,000 $0 $0 -
Beginning Cash Position $31,688,000 $43,574,000 $46,299,000 $11,750,000
Changes In Cash $91,630,000 $-11,886,000 $-2,725,000 $34,549,000
Proceeds From Stock Option Exercised $-51,750,000 - - -
Common Stock Payments $-31,342,000 - $0 -
Net Issuance Payments Of Debt $693,965,000 $17,373,000 $68,765,000 $7,103,000
Net Long Term Debt Issuance $693,965,000 $17,373,000 $68,765,000 $7,103,000
Long Term Debt Payments $-418,118,000 $-127,181,000 $-13,385,000 $-221,000
Long Term Debt Issuance $1,112,083,000 $144,554,000 $82,150,000 $7,324,000
Net Investment Purchase And Sale $-4,873,000 $-391,000 $-810,000 $0
Purchase Of Investment $-4,873,000 $-391,000 $-810,000 $0
Net PPE Purchase And Sale $-681,603,000 $-141,809,000 $-131,278,000 $-54,974,000
Purchase Of PPE $-681,603,000 $-141,809,000 $-131,278,000 $-54,974,000
Change In Working Capital $-149,381,000 $6,068,000 $64,691,000 $16,810,000
Change In Other Working Capital $-43,296,000 $-56,805,000 $44,368,000 $3,877,000
Change In Other Current Assets $2,979,000 $327,000 $364,000 $-1,450,000
Change In Payables And Accrued Expense $-98,578,000 $76,443,000 $-6,265,000 $6,417,000
Change In Accrued Expense $-12,127,000 $21,601,000 $7,485,000 -
Change In Payable $-86,451,000 $54,842,000 $-13,750,000 $6,417,000
Change In Account Payable $-78,256,000 $41,840,000 $-13,750,000 $6,417,000
Change In Prepaid Assets $-7,552,000 $-10,132,000 $26,079,000 $8,193,000
Change In Receivables $-2,934,000 $-3,765,000 $145,000 $-227,000
Changes In Account Receivables $-2,934,000 $-3,765,000 $145,000 $-227,000
Other Non Cash Items $50,220,000 $50,767,000 $410,000 $18,000
Stock Based Compensation $22,704,000 $17,362,000 $32,072,000 $12,337,000
Unrealized Gain Loss On Investment Securities $85,439,000 $7,401,000 $0 -
Deferred Tax $0 $0 $-540,000 $540,000
Deferred Income Tax $0 $0 $-540,000 $540,000
Depreciation Amortization Depletion $97,945,000 $79,360,000 $7,614,000 $1,120,000
Depreciation And Amortization $97,945,000 $79,360,000 $7,614,000 $1,120,000
Gain Loss On Investment Securities $6,421,000 - - -
Net Income From Continuing Operations $-231,065,000 $-149,671,000 $-45,606,000 $-22,486,000
Sale Of Investment - $0 $0 -
Sale Of PPE - - - $3,277,000
Depreciation - - - $1,120,000
Fetched: 2026-06-02