Skip to content

CapEx at other companies

Riot Platforms, Inc. logo
Riot Platforms, Inc.RIOT
$115.47M+251%
Cipher Digital, Inc.
 logo
Cipher Digital, Inc. CIFR
$553.99M+456%
TeraWulf logo
TeraWulfWULF
$522.95M+458%
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
$36.62M-42.2%
Advanced Energy Industries logo
Advanced Energy IndustriesAEIS
$36.6M+163%
Advanced Micro Devices logo
Advanced Micro DevicesAMD
$389M+83.5%

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%
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 us-gaap:PaymentsToAcquireProductiveAssets.

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 capex.

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 capex?
Applied Digital (APLD) reported capex of $775.21M in Q4 2025.
How has Applied Digital's capex changed year-over-year?
Applied Digital's capex increased by 201.1% year-over-year, from $257.49M to $775.21M.
What is the long-term trend for Applied Digital's capex?
Over 4 years (2021 to 2025), Applied Digital's capex has grown at a 1258.7% compound annual growth rate (CAGR), from $20K to $681.6M.
What does capex mean?
Cash spent on buying or upgrading physical assets like buildings and machinery.
How do you interpret capex?
Higher spending indicates aggressive growth or maintenance of infrastructure, while lower spending may signal capital efficiency or reduced investment capacity.
How does capex compare across companies?
High for infrastructure and utility-scale computing firms; low for software-as-a-service companies.