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Applied Digital APLD Deferred Revenue

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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:ContractWithCustomerLiabilityCurrent.

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
Current portion of finance lease liability47,585147,040
Current portion of debt16,42210,331
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

Item 8. Financial Statements and Supplementary Data

FAQ

What is Applied Digital's deferred revenue?
Applied Digital (APLD) reported deferred revenue of $4.67M in Q1 2026.
How has Applied Digital's deferred revenue changed year-over-year?
Applied Digital's deferred revenue increased by 29.8% year-over-year, from $3.59M to $4.67M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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