NASDAQ · APLD

Applied Digital Corp.

Technology · Information Technology Services

$25.78▼ 5.01% ($1.36)at close

After hours$25.86▲ 0.31%7:59 PM ET

52-week

$16.64$50.73

Market cap

$7.42B

P/E

-28.97

Volume

11.96M

Shares outstanding

287.88M

Valuation

Recommended · Earnings yield

Price used

$25.78

Earnings yield

Unavailable

Reported earnings

10-year Treasury benchmark: 4.95%

USD · Financial statements through 2026-05-31 · EPS source period not supplied

A positive earnings figure and a usable price are needed to calculate earnings yield.

Method, dates & sources

Earnings per share divided by the price used, compared with the 10-year Treasury rate.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: Financial statements through 2026-05-31 · EPS source period not supplied
Data refreshed: Sep 11, 2026, 1:07 AM UTC · provider

Why this method?

The company is still too young and does not have a stable, multi-year FCFF base. Use EV/Revenue multiples and comparable transactions instead of a DCF.

Is FCFF positive and has it been for 3+ consecutive years? Latest FCFF is not positive.

Is there enough operating history to anchor a DCF? Only 4 years of public or statement history are available, so multiples are more decision-useful than a DCF here.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: 51.83%Revenue (TTM): 167.37%FCF (TTM): -248.31%P/S: 59th pct

What changed

The stock rose 51.83% over the last year. Revenue grew 167.37% over the trailing twelve months. Operating margin moved from -33.53% to -33.75%. Free cash flow declined 248.31% over the trailing twelve months.

What the market seems to be pricing

The stock has moved higher with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at -33.75%. A decisive move in revenue — currently up 167.37% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America.

CEOWes Cummins

SectorTechnology

IndustryInformation Technology Services

Employees256

IPO dateApr 13, 2022

https://applieddigital.com

Market multiples

Forward P/E—

EV/EBITDA-197.34

Enterprise value$16.7B

Stock splits

Apr 13, 2022↓ Reverse

Every 6 shares became 1

-83%

Dec 31, 2003↓ Reverse

Every 3 shares became 1

-67%

Aug 20, 2002↑ Forward

Every 50 shares became 161

+222%

Profitability & growth

Revenue growth580.68%

Gross margin22.38%▲15.3ppvs FY2025

Operating margin-33.75%▼5.1ppvs FY2025

ROE-20.22%▲40.7ppYoY

Analyst consensus

RatingBuy

Target price$72.36▲180.68%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 8, 2026

Q4 FY26 · EPS est -$0.26 · Revenue est $111.19M

View