Stocks Technology APLD
NASDAQ · TechnologyApplied Digital Corp. (APLD)
Applied Digital Corp. brought in $872.3M of revenue over the twelve months to August 31, 2026, up 217.6% from a year earlier. It posted a net loss of $417.4M. In fiscal 2026 capital spending exceeded operating cash flow by $2.8B. At August 31, 2026 it held $2.9B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 7, 2026.
Key facts about Applied Digital Corp.
- Net worth
- Applied Digital Corp. has a market value (market cap) of $4.9B at the latest share price, and shareholders' equity of $1.6B on its balance sheet at August 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $611.3M (+167.5% year on year), with a net loss of $250.3M. Over the 12 months to August 31, 2026: revenue $872.3M, net loss $417.4M.
- Cash flow
- In fiscal 2026 operations brought in $89.7M of cash; after $2.9B of capital spending, free cash flow was -$2.8B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 7, 2026 and covers the period to August 31, 2026. Open on SEC EDGAR
- Next earnings report
- Applied Digital Corp.'s next report is expected around January 6, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Applied Digital Corp. does
Applied Digital Corp. is registered with the SEC under industry code SIC 7374 (Services-Computer Processing & Data Preparation). Its shares trade on NASDAQ under the ticker APLD.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $611.3M | -$250.3M | -$0.91 | -$2.8B |
| 2025 | $228.6M | -$233.7M | -$1.16 | -$797M |
| 2024 | $165.6M | -$149.3M | -$1.31 | -$128M |
| 2023 | $55.4M | -$44.6M | -$0.47 | -$72.5M |
| 2022 | $8.5M | -$23.5M | -$0.39 | -$59.1M |
| 2022 | $0 | -$568K | -$0.36 | -$103K |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where APLD ranks in Technology
Latest SEC filings
What Applied Digital Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- October 7, 2026Quarterly report10-Q · period to August 31, 2026Applied Digital reported rapid revenue expansion from its high-performance computing data centers alongside a wider quarterly net loss.Revenue rose 322% to $341.9M versus the same quarter last year; diluted EPS -$0.82 versus -$0.07.
- October 7, 2026Quarterly results8-KApplied Digital reported fiscal first quarter 2027 revenues of $341.9 million and a net loss attributable to common stockholders of $221.0 million.
- September 25, 2026
- September 25, 2026Additional proxy material DEFA14A
- September 25, 2026Proxy statement DEF 14A
- September 25, 2026Form POSASR filing POSASR
- July 31, 2026Passive stake changed SCHEDULE 13G/A
- July 29, 2026Annual report 10-K · period to May 31, 2026Revenue rose 167% to $611.3M versus the prior year; diluted EPS -$0.91 versus -$1.16.
- July 27, 2026
Insider trades
What the people running Applied Digital Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $6.7M and sold $682.5K worth of shares in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | Lee Rachel H.Director | Received as pay | 14,450 | - |
| November 4, 2026 | Nottenburg Richard NDirector | Received as pay | 14,450 | - |
| November 4, 2026 | Miller Douglas SDirector | Received as pay | 14,450 | - |
| November 4, 2026 | Benson Ella G.Director | Received as pay | 14,450 | - |
| November 4, 2026 | Hastings ChuckDirector | Received as pay | 14,450 | - |
| October 16, 2026 | Cummins WesCEO; Chairman, Director | Bought | 55,803 | $1M |
| October 16, 2026 | Zhang Jason GechenPresident | Bought | 300,000 | $5.7M |
| October 13, 2026 | Nottenburg Richard NDirector | Sold | 31,250 | $682.5K |
Who owns APLD
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Applied Digital Corporation13D, may seek influence | 96.1% | June 26, 2026 |
| Hood River Capital Management LLC13G, passive | 7.89% | February 17, 2026 |
| Wesley Cummins13D, may seek influence | 7.6% | July 8, 2026 |
| Jane Street Group, LLC13G, passive with 5 related filers | 7.1% | May 12, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 571 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Hood River Capital Management LLC | 22,636,898 | -438,714 |
| Vanguard Portfolio Management LLC | 13,728,812 | -1,078,983 |
| BlackRock, Inc. | 13,401,036 | -7,495,065 |
| Situational Awareness LP | 15,384,616 | +1,906,178 |
| Vanguard Capital Management LLC | 11,593,402 | +817,721 |
| Two Sigma Investments, LP | 10,299,117 | +8,706,515 |
| Equitec Proprietary Markets, LLC | 8,373,964 | new |
| Goldman Sachs Group Inc | 6,980,959 | -1,023,407 |
| Geode Capital Management, LLC | 4,934,737 | -1,476,722 |
| Value Aligned Research Advisors, LLC | 5,546,030 | -1,122,281 |
| Oasis Management Co Ltd. | 5,007,317 | +3,974,500 |
| State Street Corp | 4,482,378 | -1,086,150 |
| Dba Trading, LLC | 5,576,235 | 0 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,516,146 | +517,162 |
| Bnp Paribas Financial Markets | 3,278,874 | -155,182 |
| Norges Bank | 3,088,677 | new |
| D. E. Shaw & Co., Inc. | 3,033,821 | -365,120 |
| Voloridge Investment Management, LLC | 3,033,280 | +2,949,313 |
| Morgan Stanley | 2,985,087 | +81,948 |
| UBS Group AG | 2,893,887 | -1,607,000 |
Insiders
9 insiders reported holding 11,360,773 shares in total, about $189.5M at the last price.
| Holder | Shares |
|---|---|
| Cummins WesCEO; Chairman, Director | 5,887,25112,798 held indirectly |
| Zhang Jason GechenPresident | 2,839,227 |
| Mohmand Mohammad Saidal LaVanwayChief Financial Officer | 937,961 |
| Laltrello LauraChief Operating Officer | 813,156 |
| Hastings ChuckDirector | 402,822 |
| Miller Douglas SDirector | 199,309 |
| Nottenburg Richard NDirector | 116,578 |
| Benson Ella G.Director | 82,872 |
| Lee Rachel H.Director | 81,597 |
Questions about APLD
What does Applied Digital Corp. do?
Applied Digital Corp. is a company in the Technology sector, listed on NASDAQ as APLD. Its shares trade on NASDAQ under the ticker APLD.
What is Applied Digital Corp.'s net worth?
Applied Digital Corp. has a market value (market cap) of $4.9B at the latest share price, and shareholders' equity of $1.6B on its balance sheet at August 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Applied Digital Corp. profitable?
No. Over the twelve months to August 31, 2026 it reported a net loss of $417.4M on revenue of $872.3M.
How much revenue does Applied Digital Corp. make?
Over the twelve months to August 31, 2026 Applied Digital Corp. reported revenue of $872.3M. That is 217.6% more than a year earlier.
When did Applied Digital Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 7, 2026. It covers the period to August 31, 2026. Its newest filing of any kind is the shareholder vote results from November 6, 2026.
When is Applied Digital Corp.'s next earnings report?
Applied Digital Corp.'s next report is expected around January 6, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Applied Digital Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.