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APPLIED DIGITAL CORP (APLD) Stock Fundamental Analysis

NASDAQ:APLD - US0381692070 - Common Stock

16.53 USD
+0.76 (+4.82%)
Last: 8/22/2025, 10:16:09 AM
Fundamental Rating

2

Overall APLD gets a fundamental rating of 2 out of 10. We evaluated APLD against 83 industry peers in the IT Services industry. Both the profitability and financial health of APLD have multiple concerns. While showing a medium growth rate, APLD is valued expensive at the moment.


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.
APLD had negative earnings in each of the past 5 years.
In multiple years APLD reported negative operating cash flow during the last 5 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 has a worse Return On Assets (-12.50%) than 75.90% of its industry peers.
The Return On Equity of APLD (-36.87%) is worse than 69.88% 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

APLD has a Gross Margin of 42.84%. This is in the better half of the industry: APLD outperforms 63.86% 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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0

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
APLD has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, APLD has a worse debt to assets ratio.
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

Based on the Altman-Z score of 1.30, we must say that APLD is in the distress zone and has some risk of bankruptcy.
APLD has a worse Altman-Z score (1.30) than 66.27% 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.
The Debt to Equity ratio of APLD (1.07) is worse than 71.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF N/A
Altman-Z 1.3
ROIC/WACCN/A
WACC9.76%
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

APLD has a Current Ratio of 0.77. This is a bad value and indicates that APLD is not financially healthy enough and could expect problems in meeting its short term obligations.
APLD has a Current ratio of 0.77. This is amonst the worse of the industry: APLD underperforms 86.75% of its industry peers.
A Quick Ratio of 0.77 indicates that APLD may have some problems paying its short term obligations.
The Quick ratio of APLD (0.77) is worse than 85.54% 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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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%.
Looking at the last year, APLD shows a small growth in Revenue. The Revenue has grown by 7.20% in the last year.
Measured over the past years, APLD shows a very strong growth in Revenue. The Revenue has been growing by 156.44% on average per year.
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

APLD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 34.64% yearly.
Based on estimates for the next years, APLD will show a very strong growth in Revenue. The Revenue will grow by 51.97% on average per year.
EPS Next Y53.94%
EPS Next 2Y28.33%
EPS Next 3Y34.64%
EPS Next 5YN/A
Revenue Next Year8.96%
Revenue Next 2Y52.67%
Revenue Next 3Y51.97%
Revenue Next 5YN/A

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of 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 -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 60

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, APLD is valued a bit more expensive than 66.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 73.06
APLD Per share dataAPLD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2

4.3 Compensation for Growth

A more expensive valuation may be justified as APLD's earnings are expected to grow with 34.64% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.33%
EPS Next 3Y34.64%

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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 (8/22/2025, 10:16:09 AM)

16.53

+0.76 (+4.82%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)10-07 2025-10-07/bmo
Inst Owners65.99%
Inst Owner Change-3.59%
Ins Owners15.94%
Ins Owner Change-3.58%
Market Cap3.72B
Analysts80
Price Target17.57 (6.29%)
Short Float %36.68%
Short Ratio1.58
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)-8.92%
Min Revenue beat(2)-18.2%
Max Revenue beat(2)0.36%
Revenue beat(4)2
Avg Revenue beat(4)-2.64%
Min Revenue beat(4)-18.2%
Max Revenue beat(4)8.5%
Revenue beat(8)4
Avg Revenue beat(8)-4.65%
Revenue beat(12)5
Avg Revenue beat(12)-6.11%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)17.87%
PT rev (3m)73.18%
EPS NQ rev (1m)9%
EPS NQ rev (3m)7.21%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.12%
Revenue NQ rev (1m)57.83%
Revenue NQ rev (3m)-23.11%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)11.55%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 20.96
P/FCF N/A
P/OCF N/A
P/B 5.87
P/tB 5.87
EV/EBITDA 73.06
EPS(TTM)-1.18
EYN/A
EPS(NY)-0.54
Fwd EYN/A
FCF(TTM)-3.54
FCFYN/A
OCF(TTM)-0.51
OCFYN/A
SpS0.79
BVpS2.82
TBVpS2.82
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 1.3
F-Score4
WACC9.76%
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 Y53.94%
EPS Next 2Y28.33%
EPS Next 3Y34.64%
EPS Next 5YN/A
Revenue 1Y (TTM)7.2%
Revenue growth 3Y156.44%
Revenue growth 5YN/A
Sales Q2Q%-13.01%
Revenue Next Year8.96%
Revenue Next 2Y52.67%
Revenue Next 3Y51.97%
Revenue Next 5YN/A
EBIT growth 1Y50.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year262.99%
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