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Applied Digital APLD Cumulative Cost Basis

Cumulative Cost Basis at other companies

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TeraWulfWULF
$3.75B+439%
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Keel InfrastructureKEEL

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$8.31B+115%
Enterprise value$11.85B+158%
P/S14.4×-2.5×

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:PropertyPlantAndEquipmentGross.

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 itemEstimated Useful LifeFebruary 28,2026May 31,2025
Land59,71320,047
Land improvements15 years43,7291,423
Leasehold improvements3 years - 7 years1,1421,142
Construction in progress1,544,7341,090,587
Other equipment and fixtures5 years - 10 years55,61612,447
Total cost of property and equipment3,068,5541,278,843
Accumulated depreciation(56,803)(26,556)
Property and equipment, net$3,011,751$1,252,287

Item 1. Financial Statements

FAQ

What is Applied Digital's cumulative cost basis?
Applied Digital (APLD) reported cumulative cost basis of $3.07B in Q4 2025.
How has Applied Digital's cumulative cost basis changed year-over-year?
Applied Digital's cumulative cost basis increased by 199.2% year-over-year, from $1.03B to $3.07B.
What is the long-term trend for Applied Digital's cumulative cost basis?
Over 4 years (2021 to 2025), Applied Digital's cumulative cost basis has grown at a 1470.9% compound annual growth rate (CAGR), from $21K to $1.28B.

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