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NASDAQ · Information Technology Services · USD

Applied Digital Corporation (APLD) Stock Analysis

Applied Digital Corporation (APLD) is a Information Technology Services stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

APLD

$20.98

+$1.65 (+8.54%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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APLD Key Statistics

As of Oct 21, 2026
Trading
Open
$20.18
Previous Close
$19.33
Day's Range
19.87–21.56
52-Week Range
17.65–50.73
Volume
28.89M
Valuation
Market Cap
$6.34B
P/E Ratio
unprofitable
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.83
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
7.27
EPS (ttm)Profit attributable to each share over the last twelve months.
−1.62
Financials (FY)
Revenue (FY)
$144.19M+5.54%
Net Income (FY)
−$231.07M
Profit marginThe share of revenue left as profit after all costs and taxes.
−53.03%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
302.39M
1-Year Return
−35.53%
Dividend and dates
Earnings Date
January 6, 2027estimated
Avg Volume
19.88M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, APLD closed at $20.98, −35.53% over 1 year.

Applied Digital Corporation (APLD) has a market capitalization of $6.34B.

In fiscal 2024, APLD reported revenue of $144.19M.

APLD Stock Return by Calendar Year

Applied Digital Corporation (APLD) return since Apr 2022: what $10,000 became

1 year
$10,000 $6,447
−35.53%
3 years
$10,000 $44,733
+347.33%
Since Apr 2022
$10,000 $43,258
+332.58%

If you had invested $10,000 in Applied Digital Corporation (APLD) at the close on April 13, 2022, the earliest close on record here, it would have been worth $43,258 at the close on October 21, 2026: +332.58% in total, +38.24% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−14.44%
2025+220.94%
2024+13.35%
2023+266.30%
2022 (partial year)−62.06%

As of October 21, 2026.

APLD Revenue and Earnings by Fiscal Year

FY ends May
Fiscal yearRevenueNet incomeNet margin
2024$144.19M−$231.07M−160.2%
2023$136.62M−$149.27M−109.3%
2022$55.39M−$44.65M−80.6%
2021$8.55M−$23.52M−275.1%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2024$144.19M$42.74M−$40.32M−$231.07M−160.2%
2023$136.62M$29.97M−$15.06M−$149.27M−109.3%
2022$55.39M$11.00M−$42.91M−$44.65M−80.6%
2021$8.55M−$957.00K−$20.90M−$23.52M−275.1%

Annual figures as reported, in the company's reporting currency. As of May 31, 2025.

APLD Valuation vs Information Technology Services Median

Median of 81 stocks
MetricAPLDInformation Technology Services medianvs median
P/S ratio7.271.235.9x the median
Profit margin−53.03%2.30%55.3 pts below

Medians across 81 Information Technology Services stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Applied Digital Corporation (APLD) carries a market capitalisation of $6.34B. The company sits in the Technology sector, in the Information Technology Services industry. Headcount on file is 256.

Over the past 52 weeks the price has ranged from $17.65 to $50.73. The most recent close on file for APLD is $20.98, dated October 21, 2026. That is +$1.65 (+8.54%) against the previous close. The latest close sits 18.86% above that 52-week low.

Financial Health

Fiscal 2024 revenue came to $144.19M. Against the prior fiscal year total of $136.62M, that is a change of +5.54%. The same year closed with a net loss of $231.07M. Profit margin runs at −53.03%. That is 55.3 percentage points below the Information Technology Services median of 2.3%. Trailing earnings per share are −1.62.

Across the 4 fiscal years on file, revenue moves from $8.55M in 2021 to $144.19M in 2024. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.83. The price-to-sales ratio is 7.27. On price-to-sales that is 5.9 times the Information Technology Services median of 1.23. 81 Information Technology Services companies report these metrics, and the medians quoted come from that group.

Annualized volatility over the trailing 4 years is 123.53%. Over the trailing twelve months the total return is −35.53%. Measured over 3 years, that is +64.77% a year compounded.

Growth & Income

No dividend is on file for APLD.

2026 is still running; the total return is −14.44% year to date. The strongest complete calendar year on file is 2023 at +266.30%; the weakest is 2024 at +13.35%. Of the 3 complete calendar years on file, 3 finished higher.

Peer Comparison

Applied Digital Corporation (APLD) operates in the Information Technology Services industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Applied Digital Corporation APLD $6.34B —
International Business Machines Corporation IBM $236.91B 22.4
Accenture plc ACN $147.03B 17.7
Infosys Limited INFY $51.64B 15.7

The Information Technology Services industry average P/E ratio is 18.2x. Applied Digital Corporation has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Applied Digital Corporation

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, and HPC Hosting Business. The company provides energized infrastructure services to crypto mining customers; and cloud services to customers, such as AI and machine learning developers. It also engages in the designing, constructing, and operating of data centers to provide computing power and 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 is based in Dallas, Texas.

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