Applied Digital Corporation
APLDpublicneocloudAI data-center developer
Designs, builds and leases high-performance-computing data centers (Ellendale, North Dakota) to hyperscale and AI tenants, financed with project debt, preferred equity and at-the-market programs. Fiscal year ends May 31.
how it is counted
cash purchases of property and equipment in the calendar quarter, as the company's own cash-flow statement reports it. The year: the newest calendar year whose fourth quarter at least 90 % of filers have reported; a filer counts only if it reported all four quarters.
- Four quarters, 2025 Q3 – 2026 Q2 →+320.7% on the four before, $0.7B — its line in the Overview's league
how it is counted
per filer: the same four quarters, the four before them and the change; null where the filer did not report all four
- $2.9B
- Newest quarter · 2026 Q2— of revenue · +551.0% on a year before
how it is counted
Of revenue: the quarter's CAPEX as a share of the same quarter's revenue, where the company reports both. On a year before: the change on the same calendar quarter a year before, where the filer reported both.
- $1.29B
- Off the balance sheet →what it owes that its balance sheet does not carry, each fact counted once · verified 2026-09-28
- $20M
- Notes priced since 2024 →each tranche in the ledger as the company itself states it
- $7.7B
- Loans and credit facilities →new facilities as signed, from the company's own announcements
- $860M
- Debt due in 12 months →the company's own five-year schedule
- —
- Documents in the corpusthe company's own reports, announcements and earnings calls that the rules read
- 168
CAPEX by quarter
Quarters since 2022 Q4, as reported
| 2026 Q2 | $1.29B | — | — | +551.0% |
| 2026 Q1 | $775M | — | — | +201.6% |
| 2025 Q4 | $552M | — | — | +222.8% |
| 2025 Q3 | $249M | — | — | +352.7% |
| 2025 Q2 | $198M | — | — | +247.4% |
| 2025 Q1 | $257M | — | — | +559.0% |
| 2024 Q4 | $171M | — | — | +1215.4% |
| 2024 Q3 | $55M | — | — | +66.7% |
| 2024 Q2 | $57M | — | — | +62.9% |
| 2024 Q1 | $39M | — | — | +50.0% |
| 2023 Q4 | $13M | — | — | -66.7% |
| 2023 Q3 | $33M | — | — | +3.1% |
| 2023 Q2 | $35M | — | — | — |
| 2023 Q1 | $26M | — | — | — |
| 2022 Q4 | $39M | — | — | — |