What is Applied Digital's debt, fair value adjustment?

Applied Digital (APLD) reported debt, fair value adjustment of $0 in Q4 2025.

What does debt, fair value adjustment mean?

The change in the value of the company's debt due to market fluctuations.

How do you interpret debt, fair value adjustment?

A loss indicates an increase in the fair value of liabilities, which can be driven by market factors or changes in the company's perceived credit risk.

How does debt, fair value adjustment compare across companies?

Common in companies with complex debt instruments or those electing fair value accounting for liabilities.

Applied Digital APLD Debt, Fair Value Adjustment

Debt, Fair Value Adjustment at other companies

CubeSmartCUBE

-$210K-1,650%

Western Alliance BancorporationWAL

-$3.1M-210%

Morgan StanleyMS

$1.23B+264%

eBayEBAY

-$4M—

PPLPPL

$8M-33.3%

Kinder MorganKMI

——

Other financials

Income statement

See full

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

See full

Cash & equivalents$2.1B+707%

Total debt$2.8B+525%

Total equity$1.6B+248%

Total assets$6.2B+266%

Cash flow

See full

Operating cash flow-$15.8M+69.7%

CapEx$775.2M+201%

Free cash flow-$720.2M-186%

Valuation

See full

Market cap$13.31B+328%

Enterprise value$13.99B+322%

P/S39.4×+17.0×

Profitability

See full

Gross margin34.4%+5.9pp

Operating margin-44.2%—

Net margin-45.7%-19.4pp

FCF margin-536.3%+40.8pp

Returns & leverage

See full

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:DebtFairValueAdjustment.

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

Ask your AI about Applied Digital's debt, fair value adjustment.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Applied Digital's debt, fair value adjustment?: Applied Digital (APLD) reported debt, fair value adjustment of $0 in Q4 2025.
What does debt, fair value adjustment mean?: The change in the value of the company's debt due to market fluctuations.
How do you interpret debt, fair value adjustment?: A loss indicates an increase in the fair value of liabilities, which can be driven by market factors or changes in the company's perceived credit risk.
How does debt, fair value adjustment compare across companies?: Common in companies with complex debt instruments or those electing fair value accounting for liabilities.