Applied Digital APLD Invested capital
Discontinued — last reported Q3 '26
Invested capital at other companies
Other financials
Where this comes from
Calculated from Applied Digital’s reported figures.
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 invested capital?
- Applied Digital (APLD) reported invested capital of $2.25B in Q4 2025.
- How has Applied Digital's invested capital changed year-over-year?
- Applied Digital's invested capital increased by 253.2% year-over-year, from $638.1M to $2.25B.
- What is the long-term trend for Applied Digital's invested capital?
- Over 3 years (2022 to 2025), Applied Digital's invested capital has grown at a 214.6% compound annual growth rate (CAGR), from $38.98M to $1.21B.
- What does invested capital mean?
- The capital — debt plus equity, net of idle cash — that funds the operating business.
- How do you interpret invested capital?
- A level, read mainly through ROIC (NOPAT ÷ invested capital). Growing invested capital is only good if returns on it stay above the cost of capital.
- How does invested capital compare across companies?
- Used as the base for ROIC; the definition is sector-sensitive, so banks and insurers are best excluded.