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Applied Digital APLD Restricted Cash

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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$8.41B+127%
Enterprise value$11.95B+170%
P/S14.6×-1.6×

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 us-gaap:RestrictedCashCurrent.

The source filing: Applied Digital’s 10-K, filed July 29, 2026.

Filed
Jul 29, 2026, 4:07 PM EDT
Fiscal year
FY2026
Accession
0001144879-26-000048
Line itemMay 31, 2026May 31, 2025
ASSETS
Current assets:
Cash and cash equivalents$1,591,988$43,950
Restricted cash2,381,02772,368
Accounts receivable56,3096,830
Prepaid expenses and other current assets (1)613,6929,652
Current assets held for sale19,841
Total current assets4,662,857132,800

Item 8. Financial Statements and Supplementary Data

FAQ

What is Applied Digital's restricted cash?
Applied Digital (APLD) reported restricted cash of $2.38B in Q1 2026.
How has Applied Digital's restricted cash changed year-over-year?
Applied Digital's restricted cash increased by 3190.2% year-over-year, from $72.37M to $2.38B.
What is the long-term trend for Applied Digital's restricted cash?
Over 4 years (2022 to 2026), Applied Digital's restricted cash has grown at a 322.1% compound annual growth rate (CAGR), from $7.5M to $2.38B.
What does restricted cash mean?
Cash restricted for specific purposes by contractual, regulatory, or legal requirements — not available for general corporate use.

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