Applied Digital Corporation: stock overview

APLDNASDAQTechnology · Services-Computer Processing & Data Preparation

Price

$15.97

November 13, 2026Market cap $4.7B

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  • The full history: 6 fiscal years, from FY2021
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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Notes on these figures

  • The share price has fallen 33% since Oct 7, 2026, when the 10-Q these figures come from was filed ($23.81 then, $15.97 on Nov 13, 2026). The figures date from before that move.10-Q

In short

Applied Digital had revenue of $872M over the last 12 months and a net loss of $417M. It has net debt of $3.5B. It pays no dividend.

From its SEC filings (latest fiscal year to May 31, 2026) and the price of November 13, 2026.

Its SEC filings
Market cap
$4.7B
291M shares
P/E
–
Revenue, 12 months
$872M
Net margin
-47.9%
FY2025: -40.9%, above 8% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2024–FY2026 fiscal years

+92.1% a year over 2 years

  • FY2026May 31, 202610-K
    Revenue$611M
  • FY2025May 31, 202510-K
    Revenue$229M
  • FY2024May 31, 202410-K
    Revenue$166M

Fiscal years in figures

APLD's revenue, profit, cash flow and dividend with each year-end price, from FY2021 to FY2023, 3 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $1.8B
$4.7B
Enterprise value 
$8.1B
P/E 
–
EV / EBIT 
–
EV / Revenue 
9.3
P/B 3-year median: 5.3
2.9
FCF yield 3-year median: -20.1%
–
Earnings yield 3-year median: -17.0%
–

Profitability

Gross margin 
33.1%
Operating margin 
-33.1%
Net margin 3-year median: -90.2%
-47.9%
ROIC 
-4.6%
ROIC, 5-year average 
-27.2%
ROE 
-28.2%

Growth

Revenue, yearly change 
+167.5%
EPS, yearly change 
–
FCF, yearly change 
–

The yearly change compares FY2026 with FY2025.

Balance sheet

Cash 
$2.9B
Total debt 
$6.5B
Of which operating leases 
$61M
Net debt 
$3.5B
Net debt / EBITDA 
–
Interest cover 
-2.9x
Current ratio 
2.56

Balance sheet of August 31, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+11.5%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 73).

Operating margin

-38.7%

Above 8% of the 462 companies in its industry, and 9% of all.

Net margin

-40.9%

Above 8% of the 473 companies in its industry, and 8% of all.

ROE

-17.3%

Above 18% of the 398 companies in its industry, and 15% of all.

ROA

-4.8%

Above 27% of the 462 companies in its industry, and 21% of all.

Revenue growth

167.5%

Above 99% of the 461 companies in its industry, and 99% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Applied Digital Corp.
CIK
1144879
Exchange
NASDAQ
Industry (SIC)
7374 · Services-Computer Processing & Data Preparation
Fiscal year ends
May 31
Latest annual report
May 31, 2026
Reporting currency
USD
Shares
291M

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The full analysis

What do Applied Digital's filings show?

These are Applied Digital's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about APLD

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What is APLD's market cap?

Applied Digital Corporation's market cap is $4.7B, at a price of $15.97 on November 13, 2026 and 291M shares.

How much revenue does APLD have?

Applied Digital had revenue of $872M over the last 12 months.

Does APLD pay a dividend?

No. Applied Digital paid no regular dividend over the last 12 months.

Where do the figures come from?

From Applied Digital Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.