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Applied Digital APLD Cashless exercise of warrants

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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
FCF margin-481.8%+297pp

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

Reported directly by Applied Digital in its filing.

Tagged under the XBRL concept apld:CashlessExerciseOfWarrants.

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 cashless exercise of warrants?
Applied Digital (APLD) reported cashless exercise of warrants of $250 in Q1 2026.
How has Applied Digital's cashless exercise of warrants changed year-over-year?
Applied Digital's cashless exercise of warrants decreased by 80.0% year-over-year, from $1.25K to $250.
What does cashless exercise of warrants mean?
Reflects the value of equity issued upon the exercise of warrants where the holder does not provide cash payment, instead opting to net-settle the transaction. This activity represents a non-cash dilution event that impacts the total share count without providing liquidity to the company. Monitoring this helps investors understand potential future dilution and the impact of derivative instruments on capital structure.

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