Skip to content

Applied Digital APLD Return on assets

Return on assets at other companies

Equinix, Inc. logo
Equinix, Inc.EQIX
3.7%+0.9pp
Riot Platforms, Inc. logo
Riot Platforms, Inc.RIOT
-24.2%+294pp
Digital Realty logo
Digital RealtyDLR
2.8%+1.4pp
Cipher Digital, Inc.
 logo
Cipher Digital, Inc. CIFR
-24.6%
TeraWulf logo
TeraWulfWULF
-26.2%+11.4pp
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
-14.9%-24.1pp

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

Calculated from Applied Digital’s reported figures.

Based on trailing twelve months.

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 return on assets.

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

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Applied Digital's return on assets?
Applied Digital (APLD) reported return on assets of -3.9% in Q4 2025.
How has Applied Digital's return on assets changed year-over-year?
Applied Digital's return on assets increased by 81.2% year-over-year, from -20.7% to -3.9%.
What is the long-term trend for Applied Digital's return on assets?
Over 3 years (2022 to 2025), Applied Digital's return on assets has grown at a -20.4% compound annual growth rate (CAGR), from -34.8% to -17.6%.
What does return on assets mean?
How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?
Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?
Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.