Stocks · Technology · Information Technology Services
Applied Digital Corp. APLD
$25.38 +5.05% Close, Oct 2, 2026 · NASDAQ · Market cap $7.31B
Strong growthExpensive vs sectorHigh risk
Next earnings report: Oct 7, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $576.2M, up 167.4% from a year earlier, accelerating from 84.9% a quarter earlier.
- The diluted share count rose 42.0% in a year.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 4%
- Revenue growth, 3-year CAGRTop 3%
- Revenue growth accelerationTop 2%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 33%
- Gross marginBottom 16%
- Operating marginBottom 16%
- Accruals (lower is better)Bottom 28%
- Interest coverBottom 22%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 26%
- Free-cash-flow yieldBottom 2%
- EBITDA / enterprise valueBottom 23%
- Sales / enterprise valueBottom 12%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 48%
- 6-month returnBottom 30%
- 1-year return vs S&P 500Bottom 48%
- Distance from 52-week highBottom 23%
- Trend checklist (0–4)Bottom 10%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 5%
- Consecutive EPS beatsBottom 12%
- Share of analysts rating BuyTop 10%
- Upside to consensus price targetTop 8%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 17%
- Maximum drawdown, 3 yearsBottom 28%
- Beta vs S&P 500 (lower is better)Bottom 4%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 84.9% | 167.4% | ↑ |
| Gross margin | 10.5% | 22.4% | ↑ |
| Operating margin | -33.5% | -33.7% | ↓ |
| FCF margin | -369.8% | -481.8% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 167.4% | 84.9% | ↑ | Top 4% |
| Gross margin | 22.4% | 10.5% | ↑ | Bottom 16% |
| Operating margin | -33.7% | -33.5% | ↓ | Bottom 16% |
| Net margin | -42.3% | -107.2% | ↑ | — |
| Free-cash-flow margin | -481.8% | -369.8% | ↓ | — |
| Return on invested capital | -2.2% | — | Bottom 33% | |
| Revenue growth, 3-year CAGR | 122.6% | — | Top 3% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 38.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +1583.1 pp
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -7.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -11.36%
- Shareholder yield
- -11.36%
- Share count change, 1 year
- +42.0%
- Share count change, 3-year CAGR
- +44.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through May 31, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 2 of 8
- Average EPS surprise, last 4
- -100.0%
- Average 2-day reaction, last 8
- +1.8%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $61.65
- Target vs current price
- +142.9%
- Analysts with a rating
- 14
- Share rating Buy or Strong Buy
- 93%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 27, 2026 | -242.1% | -3.0% | +0.7% | +0.1% | — |
| Apr 8, 2026 | -260.0% | +10.4% | +25.0% | +58.4% | +31.3% |
| Jan 7, 2026 | -22.2% | -2.3% | +21.3% | +4.2% | -18.8% |
| Oct 9, 2025 | +14.7% | +4.8% | +35.1% | +18.4% | +8.1% |
| Jul 30, 2025 | +0.0% | -0.9% | +47.1% | +62.7% | +202.6% |
| Apr 14, 2025 | -45.5% | +1.5% | -25.3% | +0.4% | +76.4% |
| Jan 14, 2025 | -371.4% | +9.9% | +21.1% | -2.3% | -29.0% |
| Oct 9, 2024 | +89.0% | -5.7% | -7.0% | -18.9% | +16.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 27, 2026 | -$0.39 | -$0.11 | -242.1% | $258.7M |
| Apr 8, 2026 | -$0.36 | -$0.10 | -260.0% | $126.6M |
| Jan 7, 2026 | -$0.11 | -$0.09 | -22.2% | $126.6M |
| Oct 9, 2025 | -$0.11 | -$0.13 | +14.7% | $64.2M |
| Jul 30, 2025 | -$0.12 | -$0.12 | +0.0% | $38.0M |
| Apr 14, 2025 | -$0.16 | -$0.11 | -45.5% | $52.9M |
| Jan 14, 2025 | -$0.66 | -$0.14 | -371.4% | $63.9M |
| Oct 9, 2024 | -$0.03 | -$0.27 | +89.0% | $60.7M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 18.77× | — | — | Bottom 12% |
| Free-cash-flow yield | -37.99% | — | — | Bottom 2% |
| Earnings yield | -3.51% | — | — | Bottom 26% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -7.9%
- 200-day average slope (20 days)
- -0.2%
- Distance from 50-day average
- -6.8%
- Distance from 200-day average
- -21.0%
- RSI (14)
- 46.2
- Relative volume
- 1.68×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 88.3%
- Volatility vs own 5-year history
- 14th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 3.17
- Correlation with S&P 500
- 0.39
- Current drawdown from 1-year high
- -48.9%
- Maximum drawdown, 3 years
- -71.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 1, 2022 | Jul 13, 2022 | -81.9% | 28 days | 212 days (May 16, 2023) |
| Jul 25, 2023 | Apr 18, 2024 | -76.7% | 185 days | 153 days (Nov 25, 2024) |
| Nov 25, 2024 | Apr 15, 2025 | -67.8% | 95 days | 34 days (Jun 4, 2025) |
| Apr 13, 2022 | May 12, 2022 | -62.9% | 20 days | 13 days (Jun 1, 2022) |
| May 28, 2026 | Jul 29, 2026 | -53.2% | 42 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $7.31B
- EPS, diluted (TTM)
- -$0.89
- Revenue (TTM)
- $576.2M
- 52-week range
- $19.01 – $50.73
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $8.5M | $55.4M | $136.6M | $215.5M | $611.3M |
| Gross profit | -$13.3M | $11.0M | $30.0M | $22.7M | $157.7M |
| Operating income | -$20.9M | -$44.1M | -$15.1M | -$72.3M | -$236.4M |
| Net income | -$23.5M | -$44.6M | -$149.3M | -$231.1M | -$244.0M |
| EPS (diluted) | -$0.41 | -$0.48 | -$1.31 | -$1.16 | -$0.91 |
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $60.7M | $63.9M | $52.9M | $38.0M | $64.2M | $126.6M | $126.6M | $258.7M |
| Net income | -$4.2M | -$138.7M | -$35.6M | -$52.5M | -$16.9M | -$17.5M | -$99.3M | -$110.0M |
| EPS (diluted) | -$0.03 | -$0.66 | -$0.16 | -$0.24 | -$0.07 | -$0.07 | -$0.36 | -$0.39 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | -$872,000 | $58.7M | $13.8M | -$115.4M | $89.7M |
| Capital expenditure | -$55.0M | -$131.3M | -$141.8M | -$681.6M | -$2.87B |
| Free cash flow | -$55.8M | -$72.5M | -$128.0M | -$797.0M | -$2.78B |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $40.0M | -$168,000 | $130.8M | $160.2M | $994.8M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.59B
- Total assets
- $9.93B
- Total liabilities
- $6.19B
- Total debt
- $5.10B
- Net debt
- $3.51B
- Shareholders’ equity
- $1.78B
As of May 31, 2026 (filed Jul 29, 2026).
Short interest
- Shares sold short
- 57,863,931
- Days to cover
- 4.07
- Change vs previous report
- -1.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Apr 13, 2022
- 1-for-6
- Dec 31, 2003
- 1-for-3
- Aug 20, 2002
- 161-for-50