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Applied Digital APLD Free cash flow margin

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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

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

Calculated from Applied Digital’s reported figures.

Based on trailing twelve months.

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

Filed
Jul 29, 2026, 4:07 PM EDT
Fiscal year
FY2026
Accession
0001144879-26-000048

FAQ

What is Applied Digital's free cash flow margin?
Applied Digital (APLD) reported free cash flow margin of -481.8% in Q1 2026.
How has Applied Digital's free cash flow margin changed year-over-year?
Applied Digital's free cash flow margin decreased by 38.2% year-over-year, from -348.7% to -481.8%.
What is the long-term trend for Applied Digital's free cash flow margin?
Over 4 years (2022 to 2026), Applied Digital's free cash flow margin has grown at a -8.6% compound annual growth rate (CAGR), from -691.6% to -481.8%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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