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Applied Digital APLD Total Revenue

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Segments

By segment

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HPC Hosting Business$203.01M
Data Center Hosting Business$37.34M-1.8%
Cloud Services Business$18.09M+1.9%

Other financials

Income statement

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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$7.89B+116%
Enterprise value$11.42B+162%
P/S13.7×-2.3×

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:Revenues.

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 itemFiscal Year Ended / May 31, 2026Fiscal Year Ended / May 31, 2025Fiscal Year Ended / May 31, 2024
Services revenue$496,609$226,643$150,814
Data center rental and other revenue114,702
Related party revenue1,92614,761
Total revenue611,311228,569165,575
Costs and expenses:
Services cost of revenue396,858216,759148,340
Data center rental and other cost of revenue56,771
Selling, general and administrative (1)332,096107,87797,776

Item 8. Financial Statements and Supplementary Data

FAQ

What is Applied Digital's total revenue?
Applied Digital (APLD) reported total revenue of $258.75M in Q1 2026.
How has Applied Digital's total revenue changed year-over-year?
Applied Digital's total revenue increased by 406.6% year-over-year, from $51.08M to $258.75M.
What is the long-term trend for Applied Digital's total revenue?
Over 4 years (2022 to 2026), Applied Digital's total revenue has grown at a 186.5% compound annual growth rate (CAGR), from $8.55M to $576.19M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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