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Applied Digital APLD Free cash flow yield

Free cash flow yield at other companies

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-19.6%-1.6pp
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-19.4%-6.7pp
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Hut 8 Mining Corp. logo
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Advanced Energy Industries logo
Advanced Energy IndustriesAEIS
0.6%-2.2pp

Other financials

Income statement

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Revenue$126.6M+139%
Gross profit$53.8M+1,323%
Operating income-$85.7M-352%
Net income-$70.6M-98.4%
EPS (diluted)-$0.36-125%

Balance sheet

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Cash & equivalents$2.1B+707%
Total debt$2.8B+525%
Total equity$1.6B+248%
Total assets$6.2B+266%

Cash flow

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Operating cash flow-$15.8M+69.7%
CapEx$775.2M+201%
Free cash flow-$720.2M-186%

Valuation

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Market cap$13.31B+328%
Enterprise value$13.99B+322%
P/S39.4×+17.0×

Profitability

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Gross margin34.4%+5.9pp
Operating margin-44.2%
Net margin-45.7%-19.4pp
FCF margin-536.3%+40.8pp

Returns & leverage

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Return on equity-15.2%-6.8pp
Debt / equity1.8×+0.8×
Current ratio2.4×+1.7×

Where this comes from

Calculated from Applied Digital’s reported figures.

Based on trailing twelve months.

The official record: Applied Digital’s 10-Q, filed April 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Digital's free cash flow yield?
Applied Digital (APLD) reported free cash flow yield of -23.8% in Q4 2025.
How has Applied Digital's free cash flow yield changed year-over-year?
Applied Digital's free cash flow yield increased by 39.0% year-over-year, from -38.9% to -23.8%.
What is the long-term trend for Applied Digital's free cash flow yield?
Over 4 years (2021 to 2025), Applied Digital's free cash flow yield has grown at a 293.5% compound annual growth rate (CAGR), from -0.2% to -46.7%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.