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Applied Digital Corp.
Nasdaq · CIK 1144879
Last close25.38
Daily change+1.22 (5.05%)
10 Years gain+423.30%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
APLD · STANDARD
SIC 7374 · Services-Computer Processing & Data Preparation · Fiscal year end 0531
Fundamental
41.6Momentum
0.0Acceleration
0.0Confidence
78.0Annual Revenue6
Quarterly Revenue19
Annual CFO6
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth17.3 / 25
Quality14.2 / 25
Capital Efficiency0.0 / 20
Balance Sheet5.0 / 15
Shareholder Economics3.0 / 10
Forward Indicators0.0 / 5
Signals
Net debt reductionNet debt declined versus the comparison period.
Warnings
Receivables anomaly · MEDIUMAccounts receivable growth is materially above revenue growth.
Negative FCF · HIGHLatest free cash flow is negative.
Gross margin compression · MEDIUMGross margin compressed by 9.4908 percentage points.
Operating margin compression · MEDIUMOperating margin compressed by 20.2128 percentage points.
Heavy share dilution · HIGHDiluted share count increased 34.5591%.
High SBC · MEDIUMStock based compensation is high relative to revenue or FCF.
Key Metrics
Revenue Growth TTM-38.45%OK
Revenue CAGR 3Y122.64%OK
Gross Margin24.9%OK
Operating Margin-42.62%OK
FCF Margin-505.22%OK
FCF Growthn/aINSUFFICIENT_HISTORY
ROICn/aMISSING
Incremental Operating Margin 3Y-35.17%OK
Net Debt / CFO46.82xOK
Diluted Share Growth 1Y34.56%OK
SBC / Revenue28.2%OK
SBC / FCF-5.58%OK
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026 FY May 31, 2026 | $611.31M | $214.45M | -$236.46M | $89.69M | -$2.78B | 35.08% | -38.68% | -454.12% | -64.5% | 275.19M |
| 2026 FY May 31, 2025 | n/a | n/a | -$72.18M | -$115.40M | -$797.01M | n/a | n/a | n/a | n/a | 201.19M |
| 2025 FY May 31, 2025 | $144.19M | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| 2026 FY May 31, 2024 | n/a | n/a | -$98.34M | $13.79M | -$128.02M | n/a | n/a | n/a | n/a | 114.06M |
| 2025 FY May 31, 2024 | $136.62M | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $370.36M | sum latest 4 fiscal quarters Revenue | OK | 0001144879-26-000030, 0001144879-25-000069 |
| Revenue Growth TTM | -38.45% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001144879-26-000030, 0001144879-25-000069 |
| Revenue CAGR 3Y | 122.64% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001144879-26-000048 |
| Revenue CAGR 5Y | n/a | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | INSUFFICIENT_HISTORY | 0001144879-26-000048 |
| Gross Profit CAGR 3Y | 169.11% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001144879-26-000048 |
| Operating Income Growth | n/a | OperatingIncome_current / OperatingIncome_prior_year - 1 | INSUFFICIENT_HISTORY | 0001144879-26-000030, 0001144879-25-000069 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | 0001144879-26-000030, 0001144879-26-000006 |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 24.9% | Gross Profit / Revenue | OK | 0001144879-26-000030, 0001144879-25-000069 |
| Operating Margin | -42.62% | Operating Income / Revenue | OK | 0001144879-26-000030, 0001144879-25-000069 |
| FCF Margin | -505.22% | (CFO - CapEx) / Revenue | OK | 0001144879-26-000030, 0001144879-26-000006 |
| Net Debt / CFO | 46.82x | Net Debt / CFO | OK | 0001144879-26-000030, 0001144879-26-000006 |
| Current Ratio | 2.38x | Current Assets / Current Liabilities | OK | derived |
| SBC / Revenue | 28.2% | SBC / Revenue | OK | 0001144879-26-000030, 0001144879-26-000006 |
| Revenue per Diluted Share | $1.31 | Revenue / Diluted Shares | OK | 0001144879-26-000030, 0001144879-25-000069 |