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Applied Digital APLD Contract Liabilities

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Other financials

Income statement

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Revenue$258.7M+407%
Gross profit$97.3M-13.3%
Operating income-$124.8M
Net income-$82.4M-56.9%
EPS (diluted)-$0.40-73.9%

Balance sheet

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Cash & equivalents$1.6B+1,191%
Total debt$5.1B+511%
Total equity$1.7B+245%
Total assets$9.9B+431%

Cash flow

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Operating cash flow$132.5M
CapEx$1.3B+550%
Free cash flow-$1.2B-504%

Valuation

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Market cap$8.6B+122%
Enterprise value$12.14B+165%
P/S14.9×-2.0×

Profitability

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Gross margin32.2%-23.4pp
Operating margin-45.8%
Net margin-32%-13.0pp
FCF margin-481.8%+297pp

Returns & leverage

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Return on equity-16.6%-7.3pp
Debt / equity+1.3×
Current ratio+3.7×

Where this comes from

Reported directly by Applied Digital in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Applied Digital’s 10-Q, filed April 8, 2026.

Filed
Apr 8, 2026, 4:26 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001144879-26-000030
Line itemNine Months Ended / February 28, 2026Nine Months Ended / February 28, 2025
Balance, beginning of period$3,593$39,366
Advance billings300,141136,559
Revenue recognized(295,209)(177,243)
Other adjustments4,0256,197
Balance, end of period$12,550$4,879

Item 1. Financial Statements

FAQ

What is Applied Digital's contract liabilities?
Applied Digital (APLD) reported contract liabilities of $12.55M in Q4 2025.
How has Applied Digital's contract liabilities changed year-over-year?
Applied Digital's contract liabilities increased by 157.2% year-over-year, from $4.88M to $12.55M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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