What is Applied Digital's lease assets and liabilities?

Applied Digital (APLD) reported lease assets and liabilities of $9.57M in Q4 2025.

What does lease assets and liabilities mean?

The net impact of lease-related accounting adjustments on operating cash flow.

How do you interpret lease assets and liabilities?

Significant changes reflect shifts in the company's strategy regarding asset ownership versus leasing.

How does lease assets and liabilities compare across companies?

Standard for companies with significant real estate or equipment lease portfolios.

Applied Digital APLD Lease assets and liabilities

Lease assets and liabilities at other companies

lululemon athleticaLULU

$18.16M+721%

The Carlyle GroupCG

-$4.5M-60.7%

Lennox InternationalLII

-$3.03M-120%

Summit TherapeuticsSMMT

$365K+1,360%

PaychexPAYX

$1M-28.6%

CloroxCLX

-$1M-200%

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 apld:IncreaseDecreaseInLeaseAssetsAndLiabilitiesNet.

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 lease assets and liabilities?: Applied Digital (APLD) reported lease assets and liabilities of $9.57M in Q4 2025.
What does lease assets and liabilities mean?: The net impact of lease-related accounting adjustments on operating cash flow.
How do you interpret lease assets and liabilities?: Significant changes reflect shifts in the company's strategy regarding asset ownership versus leasing.
How does lease assets and liabilities compare across companies?: Standard for companies with significant real estate or equipment lease portfolios.