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Applied Digital APLD Ratios & Valuation

Q4 '26Q3 '26Q2 '26Q1 '26Q4 '25
Profitability
Gross margin32.2%-23.4pp54.4%51.1%58.6%55.6%
Operating margin-45.8%
Net margin-32%+69.1pp-41.9%+67.9pp-40.5%+87.2pp-105%-30.2pp-101.1%-10.9pp
Returns
Return on equity-16.6%+57.6pp-15.2%+69.6pp-12.7%+78.9pp-37.9%+38.9pp-74.2%+87.7pp
Return on invested capital-8.2%
Efficiency
Asset turnover0.1×-0.1×0.1×-0.1×0.1×-0.1×0.1×-0.2×0.2×-0.1×
Liquidity
Current ratio+3.7×2.4×+1.7×4.8×+4.0×0.7×+0.4×0.3×+0.2×
Leverage
Debt-to-equity+1.3×1.8×+0.8×1.8×+0.7×0.3×-1.3×1.7×-1.6×
Per Share
Book value per share$6.24+152%$5.61+174%$5.23+152%$4.08+151%$2.47+126%
Valuation
Market capitalization$7.89B+116%$7.62B+328%$7.55B+254%$4.19B+629%$1.71B+201%
Price / sales13.7×-2.3×20.7×+12.6×25.6×+15.5×18×+15.0×7.5×+4.0×
Price / book4.6×-2.7×4.8×+0.9×5.2×+0.3×+1.6×3.4×-1.1×

FAQ

What are Applied Digital's profit margins?
Applied Digital (APLD) runs a 32.2% gross margin and a -45.8% operating margin, with a -32.0% net margin.
Where do Applied Digital's ratios come from?
Every ratio is computed from Applied Digital's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.