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Applied Digital APLD Shares (Basic)

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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:WeightedAverageNumberOfSharesOutstandingBasic.

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 shares (basic)?
Applied Digital (APLD) reported shares (basic) of 282M in Q4 2025.
How has Applied Digital's shares (basic) changed year-over-year?
Applied Digital's shares (basic) increased by 26.8% year-over-year, from 222.5M to 282M.
What is the long-term trend for Applied Digital's shares (basic)?
Over 3 years (2022 to 2025), Applied Digital's shares (basic) has grown at a 55.3% compound annual growth rate (CAGR), from 208.9M to 782.3M.
What does shares (basic) mean?
The average number of common shares held by investors during the period, excluding potential future shares.
How do you interpret shares (basic)?
An increase indicates share issuance or stock-based compensation, while a decrease suggests share buybacks or retirements.
How does shares (basic) compare across companies?
Standardized across all public companies, though highly dependent on the company's specific equity financing history and capital structure strategy.