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Applied Digital APLD Accounts Payable

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Other financials

Income statement

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Revenue$126.6M+139%
Gross profit$53.8M+1,323%
Operating income-$85.7M-352%
Net income-$70.6M-98.4%
EPS (diluted)-$0.36-125%

Balance sheet

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Cash & equivalents$2.1B+707%
Total debt$2.8B+525%
Total equity$1.6B+248%
Total assets$6.2B+266%

Cash flow

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Operating cash flow-$15.8M+69.7%
CapEx$775.2M+201%
Free cash flow-$720.2M-186%

Valuation

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Market cap$13.31B+328%
Enterprise value$13.99B+322%
P/S39.4×+17.0×

Profitability

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Gross margin34.4%+5.9pp
Operating margin-44.2%
Net margin-45.7%-19.4pp
FCF margin-536.3%+40.8pp

Returns & leverage

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Return on equity-15.2%-6.8pp
Debt / equity1.8×+0.8×
Current ratio2.4×+1.7×

Where this comes from

Reported directly by Applied Digital in its filing.

Tagged under the XBRL concept us-gaap:AccountsPayableCurrent.

The official record: Applied Digital’s 10-Q, filed April 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Digital's accounts payable?
Applied Digital (APLD) reported accounts payable of $377.43M in Q4 2025.
How has Applied Digital's accounts payable changed year-over-year?
Applied Digital's accounts payable increased by 121.3% year-over-year, from $170.52M to $377.43M.
What is the long-term trend for Applied Digital's accounts payable?
Over 4 years (2021 to 2025), Applied Digital's accounts payable has grown at a 463.7% compound annual growth rate (CAGR), from $249K to $251.49M.
What does accounts payable mean?
Money the company owes to its suppliers for unpaid bills.
How do you interpret accounts payable?
An increase may suggest improved cash flow management through extended payment terms, while a sudden decrease might indicate accelerated payments or reduced purchasing activity.
How does accounts payable compare across companies?
Standard across all industries; levels are generally proportional to the scale of operational expenditures.