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PP&E (Net) at other companies

Equinix, Inc. logo
Equinix, Inc.EQIX
$24.17B+20.7%
Riot Platforms, Inc. logo
Riot Platforms, Inc.RIOT
$1.59B+21.3%
Cipher Digital, Inc.
 logo
Cipher Digital, Inc. CIFR
$1.31B+173%
TeraWulf logo
TeraWulfWULF
$2.58B+406%
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
$812.37M+130%
Advanced Energy Industries logo
Advanced Energy IndustriesAEIS
$304.3M+57.0%

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:PropertyPlantAndEquipmentNet.

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 PP&E (net)?
Applied Digital (APLD) reported PP&E (net) of $3.01B in Q4 2025.
How has Applied Digital's PP&E (net) changed year-over-year?
Applied Digital's PP&E (net) increased by 200.5% year-over-year, from $1B to $3.01B.
What is the long-term trend for Applied Digital's PP&E (net)?
Over 4 years (2021 to 2025), Applied Digital's PP&E (net) has grown at a 1481.9% compound annual growth rate (CAGR), from $20K to $1.25B.
What does PP&E (net) mean?
The value of physical assets like buildings and equipment after accounting for wear and tear.
How do you interpret PP&E (net)?
Growth indicates ongoing capital investment in capacity, while a decline may suggest aging assets or high depreciation rates.
How does PP&E (net) compare across companies?
High for infrastructure-as-a-service and datacenter operators due to the capital-intensive nature of the business.