Revenue
2021
2022
2023
2024
2025
2026
Applied Digital Corp. (APLD)
Price$23.44Cached quote
Net income
2021
2022
2023
2024
2025
2026
Free cash flow
2021
2022
2023
2024
2025
2026
Total cash / debt
CashTotal debt
2021
2022
2023
2024
2025
2026
Financial statements
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue | $611.3M | $144.2M | $136.6M | $55.4M | $8.5M | $0 |
| Gross profit | $214.5M | −$72.6M | −$11.7M | $11.0M | −$957,000 | $0 |
| Gross margin | 35.08% | −50.33% | −8.58% | 19.87% | −11.19% | — |
| Operating expenses | $847.8M | $107.9M | $86.6M | $98.3M | $19.9M | $332,000 |
| Operating income | −$236.5M | −$72.2M | −$98.3M | −$42.9M | −$20.9M | −$332,000 |
| Operating margin | −38.68% | −50.05% | −71.98% | −77.47% | −244.45% | — |
| EBITDA | −$169.1M | $62.5M | −$19.0M | −$35.8M | −$19.8M | −$331,000 |
| EBITDA margin | −27.66% | 43.37% | −13.89% | −64.63% | −231.35% | — |
| Net income | −$184.3M | −$231.1M | −$149.3M | −$44.6M | −$23.5M | −$568,000 |
| Net profit margin | −30.15% | −160.25% | −109.26% | −80.60% | −275.12% | — |
| Basic EPSper basic share | -$0.91 | -$1.16 | -$1.31 | -$0.47 | -$0.41 | -$0.38 |
| Diluted EPSper diluted share | -$0.91 | -$1.16 | -$1.31 | -$0.47 | -$0.41 | -$0.38 |
Owners
Reported shareholders
≈8.02%of listed shares
Cummins Wes23.1M shares · Jun 22, 2026
View holders
| Holder | % owned |
|---|---|
Cummins Wes | ≈8.02%23.1M shares |
Hood River Capital Management LLC | ≈7.82%22.52M shares |
Situational Awareness LP | ≈5.34%15.38M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | ≈4.77%13.73M shares |
BlackRock, Inc. | ≈4.65%13.38M shares |
VANGUARD CAPITAL MANAGEMENT LLC | ≈4.01%11.56M shares |
TWO SIGMA INVESTMENTS, LP | ≈3.58%10.3M shares |
EQUITEC PROPRIETARY MARKETS, LLC | ≈2.91%8.37M shares |
GOLDMAN SACHS GROUP INC | ≈2.42%6.98M shares |
DBA TRADING, LLC | ≈1.94%5.58M shares |
Value Aligned Research Advisors, LLC | ≈1.93%5.55M shares |
Oasis Management Co Ltd. | ≈1.74%5.01M shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈1.69%4.88M shares |
STATE STREET CORP | ≈1.56%4.48M shares |
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | ≈1.22%3.52M shares |
BNP PARIBAS FINANCIAL MARKETS | ≈1.14%3.28M shares |
NORGES BANK | ≈1.07%3.09M shares |
D. E. Shaw & Co., Inc. | ≈1.05%3.03M shares |
VOLORIDGE INVESTMENT MANAGEMENT, LLC | ≈1.05%3.03M shares |
MORGAN STANLEY | ≈1.02%2.95M shares |
Percentages use 287.88M shares of this listed class outstanding on May 31, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 4 ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Apr 30, 2026Form 4 | Nottenburg Richard NDirector | SellCommon Stock | 12.5K | $34.59 | $432.4K | 208.4K |
| Apr 28, 2026Form 4 | Nottenburg Richard NDirector | SellCommon Stock | 12.5K | $32.00 | $400.0K | 220.9K |
| Apr 27, 2026Form 4 | MILLER DOUGLAS SDirector | SellCommon Stock | 10.0K | $34.98 | $349.8K | 184.9K |
| Jan 29, 2026Form 4 | HASTINGS CHUCKDirector | SellCommon Stock | 46.0K | $38.57 | $1.77M | 388.4K |
| Jan 16, 2026Form 4 | Cummins WesCEO; Chairman | SellCommon Stock | 165.0K | $36.42 | $6.01M | 4.18M |