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Applied Digital APLD Due to customer

Due to customer at other companies

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-$426.67M+4.9%

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$8.41B+127%
Enterprise value$11.95B+170%
P/S14.6×-1.6×

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 apld:ContractWithCustomerPayableCurrent.

The source filing: Applied Digital’s 10-K, filed July 29, 2026.

Filed
Jul 29, 2026, 4:07 PM EDT
Fiscal year
FY2026
Accession
0001144879-26-000048
Line itemMay 31, 2026May 31, 2025
Customer deposits16,75216,125
Deferred revenue4,6663,594
Current liabilities held for sale7,426
Due to customer10,0654,807
Other current liabilities97,48919,431
Total current liabilities1,162,856499,725
Long-term portion of operating lease liability47,17858,800
Long-term portion of finance lease liability10,73115

Item 8. Financial Statements and Supplementary Data

FAQ

What is Applied Digital's due to customer?
Applied Digital (APLD) reported due to customer of $10.07M in Q1 2026.
How has Applied Digital's due to customer changed year-over-year?
Applied Digital's due to customer increased by 109.4% year-over-year, from $4.81M to $10.07M.
What does due to customer mean?
Amounts owed to customers, often representing deferred revenue or refunds due under service contracts. This reflects the company's liability to deliver services or return funds based on customer agreements.

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