APLD
$19.33+0.42%
Applied Digital CorporationStock · TechnologyNasdaq Composite · 0.03% of ONEQRussell 1000 · 0.01% of IWBUS Stock Market · 0.01% of VTIRussell 3000 · 0.01% of IWV
APLD financial statements
The full income statement, balance sheet, and cash-flow statement for Applied Digital Corporation (APLD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-08 157.4M2024-11 222.9M2025-02 224.7M2025-05 261.5M2025-08 279.7M2025-11 279.6M2026-02 285.8M2026-05 291.5M2026-08 302.4M+92.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| 611M+324.0% | 144M+5.5% | 137M+146.6% | 55.4M+547.9% | 8.55M | ||
| Lease income | 115M | 0.00 | 0.00 | — | — | |
| — | — | — | 11.0M+1249.8% | -957K | ||
| Cost of revenue | 397M+83.1% | 217M+46.1% | 148M+234.2% | 44.4M+366.9% | 9.51M | |
| Selling, general & administrative | 332M+207.8% | 108M+10.3% | 97.8M+81.4% | 53.9M+170.4% | 19.9M+5906.3% | |
| Operating income | -236M-227.6% | -72.2M+26.6% | -98.3M-129.2% | -42.9M-105.3% | -20.9M-6194.6% | |
| Interest expense | 29.5M-8.2% | 32.1M+19.8% | 26.8M+1255.2% | 1.98M+1667.9% | 112K-52.5% | |
| Other non-operating income | — | — | — | -2.07M-97.9% | -1.05M-344.1% | |
| Pre-tax income | -182M+21.4% | -231M-54.4% | -150M-232.3% | -45.0M-105.1% | -21.9M-3763.7% | |
| Income tax | 1.79M+1652.0% | 102K+6.3% | 96.0K+118.4% | -523K-196.9% | 540K | |
| -184M+20.2% | -231M-54.8% | -149M-234.4% | -44.6M-89.8% | -23.5M-4040.8% | ||
| Income from continuing operations | -249M-6.7% | -234M-56.5% | -149M-242.9% | -43.5M | — | |
| Discontinued operations | -1.02M | 0.00 | 0.00+100.0% | -1.12M-7.1% | -1.04M | |
| Net income to non-controlling interest | — | 0.00+100.0% | -397K+58.6% | -960K-9500.0% | -10.0K | |
| Preferred dividends | — | 2.62M | 0.00 | 0.00 | 0.00 | |
| Net income to common | -250M-7.1% | -234M-56.5% | -149M-234.4% | -44.6M | — | |
| -$0.91+21.6% | -$1.16+11.5% | -$1.31-178.7% | -$0.47-14.6% | -$0.41-7.9% | ||
| EPS (basic) | -$0.91+21.6% | -$1.16+11.5% | -$1.31-178.7% | -$0.47-14.6% | -$0.41-7.9% | |
| Weighted-avg shares (basic) | 275M+36.8% | 201M+76.4% | 114M+21.4% | 94.0M+64.5% | 57.1M+3680.2% | |
| Weighted-avg shares (diluted) | 275M+36.8% | 201M+76.4% | 114M+21.4% | 94.0M+64.5% | 57.1M+3680.2% | |
| Balance Sheet | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| 4.66B+3411.2% | 133M-67.1% | 404M+785.0% | 45.7M+13.1% | 40.4M+243.4% | ||
| Cash & equivalents | 1.59B+3522.3% | 44.0M+1216.3% | 3.34M-88.5% | 29.0M-25.3% | 38.8M+230.2% | |
| Accounts receivable | 56.3M+724.4% | 6.83M+77.5% | 3.85M+4591.5% | 82.0K-63.9% | 227K | |
| Prepaid expenses | 614M+6258.2% | 9.65M+855.6% | 1.01M-49.8% | 2.01M+50.5% | 1.34M-73.3% | |
| Other current assets | 20.7M+1304.3% | 1.47M | — | — | — | |
| 9.93B+431.0% | 1.87B+145.1% | 763M+189.0% | 264M+120.0% | 120M+697.1% | ||
| Property, plant & equipment | 4.24B+238.3% | 1.25B+280.5% | 329M+66.1% | 198M+208.4% | 64.3M | |
| Operating lease right-of-use | 76.9M-16.7% | 92.3M+5970.7% | 1.52M+17.9% | 1.29M+16.2% | 1.11M | |
| Goodwill | 54.5M | 0.00 | — | — | — | |
| 1.16B+132.7% | 500M-9.8% | 554M+379.9% | 115M+298.2% | 29.0M+1059.9% | ||
| Accounts payable | 395M+57.3% | 251M+140.6% | 105M+1521.6% | 6.45M | — | |
| Accrued liabilities | 548M+1721.0% | 30.1M+21.9% | 24.7M+148.0% | 9.96M-24.9% | 13.3M+5225.3% | |
| Deferred revenue | 4.67M+29.8% | 3.59M | — | 48.7M+1155.9% | 3.88M | |
| Current lease liability | 18.5M+10.1% | 16.8M+2679.0% | 604K+88.8% | 320K+67.5% | 191K | |
| Other current liabilities | 97.5M+401.7% | 19.4M+20140.6% | 96.0K | 0.00-100.0% | 16.0K | |
| Finance lease liability (current) | 47.6M-67.6% | 147M+2683.3% | 5.28M-7.7% | 5.72M+603.8% | 813K | |
| 6.19B+400.3% | 1.24B+93.8% | 638M+228.4% | 194M+376.8% | 40.7M+1529.8% | ||
| Long-term debt | — | — | — | — | 7.19M | |
| Deferred revenue (non-current) | 0.00 | — | — | — | 0.00 | |
| Non-current lease liability | 47.2M-19.8% | 58.8M+5385.1% | 1.07M+6.7% | 1.00M+7.4% | 936K | |
| Operating lease liability (total) | 65.7M+6019.5% | 1.07M-99.2% | 131M | — | 1.13M | |
| Finance lease liability (total) | 58.3M+327.3% | 13.6M-92.0% | 171M | — | 5.19M | |
| Finance lease liability | 10.7M-28.5% | 15.0M+343.7% | 3.38M-59.4% | 8.33M+90.5% | 4.37M | |
| Deferred tax liabilities | — | — | — | 0.00-100.0% | 540K | |
| Other non-current liabilities | 5.45M | 0.00 | 0.00-100.0% | 1.00M | 0.00 | |
| 1.72B+245.1% | 498M+298.7% | 125M+109.7% | 59.5M-17.6% | 72.3M+2897.5% | ||
| Common stock | 296K+28.7% | 230K+59.7% | 144K+42.6% | 101K+3.1% | 98.0K+4800.0% | |
| Additional paid-in capital | 2.43B+140.8% | 1.01B+169.5% | 375M+133.9% | 160M+24.9% | 128M+824.2% | |
| Retained earnings | -662M-37.7% | -481M-92.4% | -250M-148.2% | -101M-79.6% | -56.1M-159.3% | |
| Treasury stock | 52.7M+68.0% | 31.4M+50545.2% | 62.0K+0.0% | 62.0K+0.0% | 62.0K+0.0% | |
| Non-controlling interest | 7.03M | 0.00 | 0.00-100.0% | 10.2M+45.7% | 6.98M | |
| Total equity incl. non-controlling | 1.72B+246.5% | 498M+298.7% | 125M+79.2% | 69.7M-12.1% | 79.2M+3167.6% | |
| Total liabilities & equity | 9.93B+431.0% | 1.87B+145.1% | 763M+189.0% | 264M+120.0% | 120M+697.1% | |
| Common shares issued | 295M+26.0% | 234M+62.5% | 144M+42.8% | 101M+3.2% | 97.8M+6374.8% | |
| Common shares outstanding | 288M+28.0% | 225M+61.7% | 139M+45.0% | 95.9M-1.9% | 97.8M+6372.4% | |
| Shares outstanding (cover) | 291M+11.5% | 262M+66.1% | 157M+51.5% | 104M+10.3% | 94.2M | |
| Cash Flow | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| 89.7M+177.7% | -115M-936.6% | 13.8M-76.5% | 58.7M+6835.7% | -872K-950.6% | ||
| Depreciation & amortization | 67.4M-50.0% | 135M+69.7% | 79.4M+1015.7% | 7.11M+535.1% | 1.12M+111900.0% | |
| Share-based compensation | 220M+869.6% | 22.7M+30.8% | 17.4M-45.9% | 32.1M+160.0% | 12.3M | |
| Deferred income taxes | 0.00 | 0.00 | 0.00+100.0% | -540K-200.0% | 540K | |
| Change in receivables | 49.3M+1579.2% | 2.93M-22.1% | 3.77M+2696.6% | -145K-163.9% | 227K | |
| Change in payables | -1.18M+98.5% | -78.3M-287.0% | 41.8M+404.3% | -13.8M | — | |
| -2.94B-339.8% | -668M-287.2% | -172M-30.5% | -132M-188.0% | -45.9M-1289.2% | ||
| Capital expenditure | 2.87B+320.4% | 682M+380.6% | 142M+8.0% | 131M+125.4% | 58.3M+291155.0% | |
| Free cash flow | -2.78B-248.3% | -797M-522.6% | -128M-76.5% | -72.5M-22.7% | -59.1M-57301.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 17.0M+248.9% | 4.87M+1146.3% | 391K-51.7% | 810K | 0.00 | |
| Sales/maturities of investments | 5.00M | 0.00 | 0.00 | 0.00 | — | |
| 6.88B+686.2% | 875M+496.0% | 147M+107.8% | 70.6M-13.1% | 81.3M+437.1% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 196M+2.5% | 192M+46.4% | 131M | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 31.3M | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 4.03B+4298.2% | 91.6M+870.9% | -11.9M-336.2% | -2.73M-107.9% | 34.5M+194.0% | |
| Interest paid | 263M+320.0% | 62.7M+252.7% | 17.8M+1490.5% | 1.12M+898.2% | 112K-52.5% | |
| Income taxes paid | 241K | 0.00 | 0.00 | 0.00 | 0.00 | |
| Valuation Ratios | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| Market cap | 13.5B+780.3% | 1.53B+130.5% | 666M-23.5% | 870M+91.1% | 455M | |
| P/S | 44.9×+305.8% | 11.1×+127.0% | 4.9×-69.0% | 15.7×-70.5% | 53.2× | |
| P/B | 8.5×+153.1% | 3.4×-36.7% | 5.3×-63.5% | 14.6×+132.1% | 6.3× | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: APLD’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all APLD filings on SEC EDGAR → Not investment advice.