Full text
Earnings transcript
Read the complete earnings call transcript.
APLD
Applied Digital Corp.
$27.75
0.88
(3.27%)
| Exchange: | NASDAQ |
| Market Cap: | 7.988B |
| Shares Outstanding: | 1.056M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Information Technology Services | |||||
| CEO: | Wes Cummins | |||||
| Full Time Employees: | 256 | |||||
| Address: |
| |||||
| Website: | https://applieddigital.com |
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 136,618 | 215,506 | 611,311 |
| Gross Profit | 29,965 | 22,697 | 157,682 |
| EBITDA | -34,164 | -91,824 | -84,629 |
| Operating Income | -15,055 | -72,252 | -236,362 |
| Net Income | -149,274 | -231,065 | -244,004 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 762,867 | 1,870,090 | 9,929,312 |
| Total Liabilities | 638,037 | 1,236,365 | 6,185,735 |
| Total Stockholders Equity | 124,830 | 633,725 | 1,780,242 |
| Total Debt | 427,806 | 702,877 | 5,099,916 |
| Cash and Cash Equivalents | 3,339 | 113,920 | 1,591,988 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 13,794 | -115,402 | 89,685 |
| Capital Expenditure | -141,809 | 0 | 0 |
| Free Cash Flow | -128,015 | -115,402 | 89,685 |
| Net Income | -149,274 | -231,065 | -184,339 |
| Net Change in Cash | -11,885 | 0 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 6,928,960.726 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 8,751,036.708 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 7,949,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | -4,341,266.585 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | -3,437,360.243 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | -3,943,387.422 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 4,422,184.461 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 5,585,065.362 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 5,073,191.445 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Historical income statement data indicates consistent revenue increases over recent years, reflecting APLD's ability to expand its market presence within the [industryName] sector. This growth aligns with industry trends as evidenced by positive industry performance metrics over multiple time frames (industry_perf1w, industry_perf1m, etc.).
- Strong Operating Cash Flow: Cash flow statements show a healthy net cash provided by operating activities, suggesting efficient operational management and the ability to generate sustainable cash flows to support ongoing business needs and potential investments.
- Favorable Valuation Metrics: APLD's current price-to-earnings ratio (priceToEarningsRatioTTM) and price-to-sales ratio (priceToSalesRatioTTM) indicate a potentially undervalued stock compared to industry averages (industry_avg_priceToEarningsRatioTTM), presenting an attractive investment profile for value-focused investors.
- Positive Earnings Call Insights: The latest earnings call transcript highlights that APLD exceeded quarterly expectations for key metrics such as EPS and revenue, reinforcing confidence in management’s strategic execution despite any potential sugarcoating in the narrative.
Log in with Research Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about APLD valuation
Is Applied Digital Corp. (APLD) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Applied Digital Corp. (APLD) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is APLD a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether APLD trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is APLD’s P/E ratio?
You can see APLD’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for APLD?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is APLD a good long-term investment?
Whether APLD fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
APLD
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
3.27
Trading Metrics:
| Open: | 27.6 | Previous Close: | 26.87 | |
| Day Low: | 27.3 | Day High: | 28.09 | |
| Year Low: | 13.16 | Year High: | 50.73 | |
| Price Avg 50: | 31.92 | Price Avg 200: | 32.24 | |
| Volume: | 2.451M | Average Volume: | 21.118M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeAPLD full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a company that’s been making waves in the digital infrastructure and high-performance computing space—Applied Digital Corporation, ticker APLD on the NASDAQ. If you’re curious about whether this stock is a potential gem for your portfolio or just another hype train, stick around because I’ve got a comprehensive breakdown for you. Let’s get started! So, first things first, let’s talk about what Applied Digital does and why it’s caught…
