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APPLIED DIGITAL CORP (APLD) Stock Fundamental Analysis

USA - NASDAQ:APLD - US0381692070 - Common Stock

25 USD
+2.06 (+8.98%)
Last: 10/1/2025, 8:22:44 PM
25.47 USD
+0.47 (+1.88%)
Pre-Market: 10/2/2025, 5:29:23 AM
Fundamental Rating

2

Taking everything into account, APLD scores 2 out of 10 in our fundamental rating. APLD was compared to 87 industry peers in the IT Services industry. APLD may be in some trouble as it scores bad on both profitability and health. APLD is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year APLD has reported negative net income.
APLD had a negative operating cash flow in the past year.
In the past 5 years APLD always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: APLD reported negative operating cash flow in multiple years.
APLD Yearly Net Income VS EBIT VS OCF VS FCFAPLD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 2025 0 -200M -400M -600M

1.2 Ratios

APLD's Return On Assets of -12.50% is on the low side compared to the rest of the industry. APLD is outperformed by 74.71% of its industry peers.
APLD's Return On Equity of -36.87% is on the low side compared to the rest of the industry. APLD is outperformed by 70.11% of its industry peers.
Industry RankSector Rank
ROA -12.5%
ROE -36.87%
ROIC N/A
ROA(3y)-16.33%
ROA(5y)-14.47%
ROE(3y)-77.17%
ROE(5y)-53.71%
ROIC(3y)N/A
ROIC(5y)N/A
APLD Yearly ROA, ROE, ROICAPLD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 2025 0 -20 -40 -60 -80 -100

1.3 Margins

The Gross Margin of APLD (42.84%) is better than 63.22% of its industry peers.
APLD does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 42.84%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
APLD Yearly Profit, Operating, Gross MarginsAPLD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 2025 0 -100 -200

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1

2. Health

2.1 Basic Checks

APLD does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, APLD has more shares outstanding
Compared to 5 years ago, APLD has more shares outstanding
APLD has a worse debt/assets ratio than last year.
APLD Yearly Shares OutstandingAPLD Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
APLD Yearly Total Debt VS Total AssetsAPLD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

An Altman-Z score of 2.76 indicates that APLD is not a great score, but indicates only limited risk for bankruptcy at the moment.
APLD's Altman-Z score of 2.76 is in line compared to the rest of the industry. APLD outperforms 50.57% of its industry peers.
A Debt/Equity ratio of 1.07 is on the high side and indicates that APLD has dependencies on debt financing.
APLD has a Debt to Equity ratio of 1.07. This is in the lower half of the industry: APLD underperforms 68.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF N/A
Altman-Z 2.76
ROIC/WACCN/A
WACC9.65%
APLD Yearly LT Debt VS Equity VS FCFAPLD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 2025 0 500M -500M

2.3 Liquidity

A Current Ratio of 0.77 indicates that APLD may have some problems paying its short term obligations.
APLD's Current ratio of 0.77 is on the low side compared to the rest of the industry. APLD is outperformed by 85.06% of its industry peers.
A Quick Ratio of 0.77 indicates that APLD may have some problems paying its short term obligations.
APLD's Quick ratio of 0.77 is on the low side compared to the rest of the industry. APLD is outperformed by 83.91% of its industry peers.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.77
APLD Yearly Current Assets VS Current LiabilitesAPLD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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6

3. Growth

3.1 Past

APLD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.46%.
The Revenue has been growing slightly by 7.20% in the past year.
The Revenue has been growing by 156.44% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-13.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%53.85%
Revenue 1Y (TTM)7.2%
Revenue growth 3Y156.44%
Revenue growth 5YN/A
Sales Q2Q%-13.01%

3.2 Future

Based on estimates for the next years, APLD will show a very strong growth in Earnings Per Share. The EPS will grow by 32.30% on average per year.
APLD is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 50.56% yearly.
EPS Next Y54.72%
EPS Next 2Y28.43%
EPS Next 3Y32.3%
EPS Next 5YN/A
Revenue Next Year21.91%
Revenue Next 2Y50.11%
Revenue Next 3Y50.56%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
APLD Yearly Revenue VS EstimatesAPLD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
APLD Yearly EPS VS EstimatesAPLD Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 0 -0.5 -1

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for APLD. In the last year negative earnings were reported.
Also next year APLD is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
APLD Price Earnings VS Forward Price EarningsAPLD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40

4.2 Price Multiples

APLD's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. APLD is more expensive than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 125.15
APLD Per share dataAPLD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 -2 -3

4.3 Compensation for Growth

A more expensive valuation may be justified as APLD's earnings are expected to grow with 32.30% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.43%
EPS Next 3Y32.3%

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0

5. Dividend

5.1 Amount

No dividends for APLD!.
Industry RankSector Rank
Dividend Yield N/A

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APPLIED DIGITAL CORP

NASDAQ:APLD (10/1/2025, 8:22:44 PM)

Premarket: 25.47 +0.47 (+1.88%)

25

+2.06 (+8.98%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)10-09 2025-10-09/bmo
Inst Owners54.36%
Inst Owner Change-3.53%
Ins Owners13.54%
Ins Owner Change3.94%
Market Cap6.55B
Analysts82.67
Price Target21.53 (-13.88%)
Short Float %32.43%
Short Ratio2.28
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.01
Dividend Growth(5Y)N/A
DP-1.12%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-37.04%
Min EPS beat(2)-59.52%
Max EPS beat(2)-14.56%
EPS beat(4)1
Avg EPS beat(4)-89.17%
Min EPS beat(4)-331.37%
Max EPS beat(4)48.79%
EPS beat(8)1
Avg EPS beat(8)-293.79%
EPS beat(12)2
Avg EPS beat(12)-226.94%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-8.74%
Min Revenue beat(2)-18.2%
Max Revenue beat(2)0.71%
Revenue beat(4)2
Avg Revenue beat(4)-2.55%
Min Revenue beat(4)-18.2%
Max Revenue beat(4)8.5%
Revenue beat(8)4
Avg Revenue beat(8)-4.61%
Revenue beat(12)5
Avg Revenue beat(12)-6.08%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)18.75%
PT rev (3m)44.49%
EPS NQ rev (1m)3.51%
EPS NQ rev (3m)6.81%
EPS NY rev (1m)-3.36%
EPS NY rev (3m)3.51%
Revenue NQ rev (1m)-6.02%
Revenue NQ rev (3m)40.99%
Revenue NY rev (1m)-1.12%
Revenue NY rev (3m)16.24%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 36.91
P/FCF N/A
P/OCF N/A
P/B 10.34
P/tB 10.34
EV/EBITDA 125.15
EPS(TTM)-1.18
EYN/A
EPS(NY)-0.53
Fwd EYN/A
FCF(TTM)-3.04
FCFYN/A
OCF(TTM)-0.44
OCFYN/A
SpS0.68
BVpS2.42
TBVpS2.42
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -12.5%
ROE -36.87%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.84%
FCFM N/A
ROA(3y)-16.33%
ROA(5y)-14.47%
ROE(3y)-77.17%
ROE(5y)-53.71%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF N/A
Debt/EBITDA 11.76
Cap/Depr 695.9%
Cap/Sales 384.02%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.77
Quick Ratio 0.77
Altman-Z 2.76
F-Score4
WACC9.65%
ROIC/WACCN/A
Cap/Depr(3y)881.72%
Cap/Depr(5y)N/A
Cap/Sales(3y)269.63%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-13.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%53.85%
EPS Next Y54.72%
EPS Next 2Y28.43%
EPS Next 3Y32.3%
EPS Next 5YN/A
Revenue 1Y (TTM)7.2%
Revenue growth 3Y156.44%
Revenue growth 5YN/A
Sales Q2Q%-13.01%
Revenue Next Year21.91%
Revenue Next 2Y50.11%
Revenue Next 3Y50.56%
Revenue Next 5YN/A
EBIT growth 1Y50.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year255.78%
EBIT Next 3Y122.63%
EBIT Next 5YN/A
FCF growth 1Y-522.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-936.61%
OCF growth 3YN/A
OCF growth 5YN/A