Skip to content

Applied Digital APLD Data Center Hosting Business — Cost of revenues

Similar metrics at other companies

Riot Platforms, Inc. logo
RIOTData Center Hosting — Cost Of Revenue
$23.19M+32.4%
Riot Platforms, Inc. logo
RIOTData Centers Operations — Cost Of Revenue
$30.77M
Riot Platforms, Inc. logo
RIOTCost Of Revenues Hosting — Total Segment And Consolidated Cost Of Revenue Exclusive Of Depreciation And Amortization
$21.49M
Riot Platforms, Inc. logo
RIOTRevenue Net Data Center Hosting — Cost Of Revenue
$17.51M+5.0%
Core Scientific, Inc. logo
CORZHosting Segment — Cost of revenue
$24.88M-65.9%
Core Scientific, Inc. logo
CORZColocation revenue — Cost of Revenue
$33.62M+315%

Other financials

Income statement

See full
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

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

Cash flow

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

Valuation

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

Profitability

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

Returns & leverage

See full
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 apld:CostOfRevenuesAdjusted.

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

Ask your AI about Applied Digital's data center hosting business — cost of revenues.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Applied Digital's data center hosting business — cost of revenues?
Applied Digital (APLD) reported data center hosting business — cost of revenues of $22.99M in Q4 2025.
How has Applied Digital's data center hosting business — cost of revenues changed year-over-year?
Applied Digital's data center hosting business — cost of revenues decreased by 10.4% year-over-year, from $25.66M to $22.99M.
What is the long-term trend for Applied Digital's data center hosting business — cost of revenues?
Over 2 years (2023 to 2025), Applied Digital's data center hosting business — cost of revenues has grown at a 50.7% compound annual growth rate (CAGR), from $44.37M to $100.74M.
What does data center hosting business — cost of revenues mean?
The direct costs incurred to provide data center hosting services.
How do you interpret data center hosting business — cost of revenues?
A decrease relative to revenue indicates improved operational efficiency, while an increase may signal rising energy costs or inefficient facility management.
How does data center hosting business — cost of revenues compare across companies?
Commonly referred to as Cost of Goods Sold (COGS) in technology and utility-heavy sectors.