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Applied Digital APLD HPC Hosting Business — CapEx

Other segment segments

Data Center Hosting Business
$9.32M-75.6%
Other
$0-100%

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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:SegmentExpenditureAdditionToLongLivedAssets.

The official record: Applied Digital’s 10-K, filed July 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Digital's HPC hosting business — capex?
Applied Digital (APLD) reported HPC hosting business — capex of $244.13M in Q1 2025.
How has Applied Digital's HPC hosting business — capex changed year-over-year?
Applied Digital's HPC hosting business — capex increased by 371.1% year-over-year, from $51.82M to $244.13M.
What is the long-term trend for Applied Digital's HPC hosting business — capex?
Over 2 years (2023 to 2025), Applied Digital's HPC hosting business — capex has grown at a 897.6% compound annual growth rate (CAGR), from $9.81M to $976.51M.
What does HPC hosting business — capex mean?
The amount of money invested in new equipment and facilities for the hosting business.
How do you interpret HPC hosting business — capex?
High capital expenditures signal aggressive growth and capacity expansion, while low expenditures may indicate a focus on cash preservation or maintenance.
How does HPC hosting business — capex compare across companies?
Standard capital investment metric for growth-stage technology and infrastructure firms.