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Applied Digital APLD Financing Cash Flow

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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

Reported directly by Applied Digital in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInFinancingActivities.

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 financing cash flow?
Applied Digital (APLD) reported financing cash flow of $532.11M in Q4 2025.
How has Applied Digital's financing cash flow changed year-over-year?
Applied Digital's financing cash flow increased by 167.5% year-over-year, from $198.89M to $532.11M.
What is the long-term trend for Applied Digital's financing cash flow?
Over 3 years (2022 to 2025), Applied Digital's financing cash flow has grown at a 120.8% compound annual growth rate (CAGR), from $81.3M to $874.69M.
What does financing cash flow mean?
The net change in cash resulting from transactions with shareholders and creditors.
How do you interpret financing cash flow?
Positive net cash indicates the company is raising capital; negative net cash indicates the company is paying down debt or returning capital to shareholders.
How does financing cash flow compare across companies?
A standard line item in the cash flow statement used to assess external financing dependency.