Applied Digital Corp.
Company Stats
- Market Cap
- $7.1B
- as of Sep 30, 2026
- Shares Outstanding
- 291.5M
- Free Float
- 85.9%
Income Statement
- Revenue
- $611.3M
- Operating Income
- -$236.5M
- Net Income
- -$184.3M
- EBITDA
- -$169.1M
- Revenue Growth, 3Y
- 122.6%
- FCF Margin, 3Y Avg
- -293.4%
- FCF Margin, Worst Year
- -454.1%
Cash Flow
- Free Cash Flow
- -$2.8B
- FCF Yield
- -39.1%
- Owner FCF Yield
- -42.2%
Balance Sheet
- Cash & Equivalents
- $1.6B
Returns & Capital
- Buyback Yield, 3Y Avg
- 0.1%
- SBC, 3Y Avg
- $86.7M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2026 | $611.3M | -$2.8B | -454.1% |
| FY2025 | $228.6M | -$797.0M | -348.7% |
| FY2024 | $165.6M | -$128.0M | -77.3% |
| FY2023 | $55.4M | -$72.5M | -131.0% |
| FY2022 | $8.5M | -$59.1M | -691.6% |
Annual filing data through FY ended May 31, 2026; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Earnings
Other Coverage
October 26, 2026
Deals
Soluna to Form Joint Venture With Applied Digital
October 9, 2026
Industry Earnings Roundup
Aci Lifts 2026 Guidance as Software Demand Stays Positive
October 6, 2026
Theme Survey
Data-Center Power Demand Meets Contracts and Supply Limits
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
June 9, 2026
Deals
Applied Digital Closes Cloud Spinoff, Secures $550 Million Credit Line
Soluna to Form Joint Venture With Applied Digital
October 9, 2026
Industry Earnings Roundup
Aci Lifts 2026 Guidance as Software Demand Stays Positive
October 6, 2026
Theme Survey
Data-Center Power Demand Meets Contracts and Supply Limits
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
June 9, 2026
Deals
Applied Digital Closes Cloud Spinoff, Secures $550 Million Credit Line