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Applied Digital Corporation

Company price
20.39 USD 0.88 ( 4.51%)
Last update at 2026-10-28T20:29:00Z
VOLUME
29264125
Market Cap
9198.92M

Momentum Score

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Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.

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Day Price Range
18.95
Low
20.43
High
52 Week Price Range
4.07
Low
42.27
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Applied Digital Corporation is a U.S.-listed owner and developer of digital infrastructure that operates data centers serving cloud, enterprise and high-performance computing customers. Long-term growth drivers include rising data and AI demand, hyperscale and edge expansion, and efforts to improve energy efficiency that may support site economics.

Key investment risks include capital intensity and execution risk in scaling facilities, exposure to energy costs and regulatory changes, and competitive pressure from large cloud providers.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
19.51
Dividend Yield
-
Revenue TTM
319.26M
Revenue Per Share
1.23
Gross Profit TTM
144.98M
Debt / Equity
1.11
ROE
-5.56%
Net Debt
588.96M
ROCE
-13.37%
Diluted EPS TTM
-0.38

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Type yearly yearly yearly yearly yearly
Date 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Income before tax -203.61M -74.28M -46.13M -21.95M -0.57M
Minority interest 0.00M 0.40M 0.96M -0.01M -
Net income -231.06M -149.27M -45.61M -22.49M -0.80M
Selling general administrative 83.06M 98.46M 55.06M 19.89M 0.33M
Gross profit 22.70M 29.96M 11.00M -0.96M -
Reconciled depreciation 97.94M 79.36M 7.27M 1.12M 0.00M
Ebit -175.42M -55.64M -51.32M -20.90M -0.33M
Ebitda -91.82M -34.16M -44.05M -19.37M -0.33M
Depreciation and amortization 83.60M 21.48M 7.27M 1.53M 0.00M
Non operating income net other - - -0.09M -0.94M -
Operating income -72.25M -15.05M -44.05M -20.90M -0.33M
Other operating expenses 287.76M 151.67M 99.45M 29.45M 0.33M
Interest expense 17.86M 18.64M 1.98M 0.11M 0.24M
Tax provision 0.10M 0.10M -0.52M 0.54M -
Net interest income -14.74M -26.83M -1.98M -0.11M -0.24M
Income tax expense 0.10M 0.10M -0.52M 0.54M 0.24M
Total revenue 215.51M 136.62M 55.39M 8.55M 0.00M
Total operating expenses 94.95M 45.02M 55.06M 19.94M 0.33M
Cost of revenue 192.81M 106.65M 44.39M 9.51M -
Total other income expense net -131.35M -59.23M -2.07M -1.05M -0.24M
Discontinued operations - - - -1.04M -1.04M
Net income from continuing ops -158.34M -149.67M -45.61M -22.49M -0.57M
Net income applicable to common shares - - -44.65M -23.52M -0.57M
Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Type yearly yearly yearly yearly yearly
Date 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Total assets 1870.09M 762.87M 263.96M 119.98M 15.05M
Other current assets 313.63M 396.96M 2.10M 10.29M -
Total liab 1236.37M 638.04M 194.28M 40.74M 17.64M
Total stockholder equity 633.73M 124.83M 59.52M 72.26M -2.58M
Other current liab 269.83M 374.22M 1.63M 0.02M 0.12M
Common stock 0.23M 0.14M 0.10M 0.10M 0.01M
Capital stock 136.27M 0.14M 0.10M 0.10M 5.23M
Retained earnings -481.06M -249.99M -100.72M -56.07M -21.62M
Other liab - - - 0.54M -
Other assets - - - 8.95M 3.28M
Cash 113.92M 3.34M 43.57M 38.80M 11.75M
Total current liabilities 558.14M 554.11M 115.46M 29.00M 2.50M
Current deferred revenue 16.12M 23.56M 85.06M 13.40M -
Net debt 588.96M 132.39M 48.24M -25.25M -9.62M
Short term debt 24.66M 51.80M 13.99M 2.34M 2.13M
Short long term debt 10.33M 45.92M 7.95M 1.33M 2.13M
Short long term debt total 702.88M 135.73M 91.81M 13.54M 2.13M
Other stockholder equity 978.51M 374.68M 160.13M 128.23M 13.81M
Property plant equipment - - 195.59M 64.26M 0.02M
Total current assets 430.59M 404.14M 45.76M 49.31M 11.75M
Long term investments 6.07M 1.20M - - -
Net tangible assets - - 59.52M 72.26M -7.80M
Net receivables 3.04M 3.85M 0.08M 0.23M -
Long term debt 677.83M 79.47M 68.48M 5.90M -
Inventory - -1.34M - - -
Accounts payable 247.53M 104.53M 14.78M 13.24M 0.25M
Noncontrolling interest in consolidated entity - - 10.16M 6.98M -
Accumulated other comprehensive income - 0.00M - - -
Common stock total equity - - 0.10M 0.10M -
Retained earnings total equity - - -100.72M -56.07M -
Treasury stock - - -0.06M -0.06M -
Non currrent assets other 137.88M 18.15M 7.01M - -
Non current assets total 1439.50M 358.72M 218.20M 70.67M 3.30M
Capital lease obligations 14.72M 302.42M 15.38M 6.31M -
Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Type yearly yearly yearly yearly yearly
Date 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Investments -667.65M -172.44M -0.81M -45.87M -3.30M
Change to liabilities - - -6.26M 6.75M 0.25M
Total cashflows from investing activities -667.65M -172.44M -132.09M -45.87M -3.30M
Net borrowings 693.97M 17.37M 80.03M 7.23M 7.10M
Total cash from financing activities 874.69M 146.76M 70.63M 81.29M 15.13M
Change to operating activities - - 26.00M 6.43M 6.43M
Net income -231.06M -149.67M -45.61M -22.49M -0.57M
Change in cash 89.23M -11.89M -2.73M 34.55M 11.75M
Begin period cash flow 31.69M 43.57M 46.30M 11.75M 0.00M
End period cash flow 120.92M 31.69M 43.57M 46.30M 11.75M
Total cash from operating activities -115.40M 13.79M 58.73M -0.87M -0.08M
Issuance of capital stock 389.80M 130.85M 0.00M 74.50M 16.50M
Depreciation 97.94M 79.36M 7.27M 1.12M 0.00M
Other cashflows from investing activities 18.82M -30.24M -2.56M 12.38M 9.10M
Dividends paid 2.62M 0.00M - -11.04M -
Change to inventory - - -0.40M - -
Change to account receivables -2.93M -3.77M 0.14M -0.23M -0.23M
Sale purchase of stock -31.34M -0.86M 4.15M 74.28M -
Other cashflows from financing activities 23.09M -1.47M 84.01M 52.65M 15.13M
Change to netincome - - 32.04M 4.07M 0.24M
Capital expenditures 681.60M 141.81M 131.28M 58.25M 3.30M
Change receivables - - 0.14M -0.23M -
Cash flows other operating - - 71.16M 10.02M -
Cash and cash equivalents changes - - -2.73M 34.55M -
Change in working capital -149.38M 6.07M 65.02M 17.14M 0.25M
Stock based compensation 22.70M 17.36M 32.07M 12.34M -
Other non cash items 144.40M 60.67M 0.52M -9.52M 0.24M
Free cash flow -797.00M -128.01M -72.54M -59.12M -3.38M

Peer Comparison*

Sector: Technology Industry: Information Technology Services

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
APLD
Applied Digital Corporation
0.88
4.51%
20.39 - 526.32 28.81 5.82 32.25 -7.43
IBM
International Business Machines
2.97
1.19%
253.22 22.06 18.73 3.39 6.81 4.22 16.61
ACN
Accenture plc
8.24
3.50%
243.40 16.00 14.29 1.66 3.84 1.65 9.80
INFY
Infosys Ltd ADR
-0.02
0.17%
12.09 25.55 22.78 4.20 8.01 4.10 15.87
FJTSF
Fujitsu Limited
-
-%
28.52 21.97 14.84 0.01 3.44 1.86 11.66

Profile*

Applied Digital Corporation

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.

3811 Turtle Creek Boulevard, Dallas, TX, United States, 75219

214 427 1704

205

Name Title Year Born
Mr. Wesley Cummins Chairman, CEO, Pres, Sec. & Treasurer 1978
Mr. David Rench Chief Financial Officer 1978
Ms. Regina Ingel Chief Marketing Officer 1987
Mr. Jason Zhang Co-Founder & Director 1993
Mr. Michael Maniscalco Exec. VP of Technology NA
Mr. Nick Phillips Exec. VP of Hosting Operations & Public Affairs NA
Mr. John Browder Director of HR and Recruiting NA
Mr. Etienne Snyman Exec. VP of Power NA
Mr. Saidal Mohmand Exec. VP of Fin. NA
Mr. Jeff Nicholas Exec. VP of Real Estate Devel. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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