Applied Digital annual capital expenditures (capex)
2021
2022
2023
2024
2025
2026
Applied Digital Capital Expenditures (CapEx) Growth & History (APLD)
Applied Digital's capital expenditures (capex) was $2.87B for fiscal 2026.
View full Applied Digital company overviewApplied Digital annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-05-31 | $2.87B | $2.18B | +320.44% |
| 2025 | 2025-05-31 | $681.6M | $539.8M | +380.65% |
| 2024 | 2024-05-31 | $141.8M | $10.5M | +8.02% |
| 2023 | 2023-05-31 | $131.3M | $73.0M | +125.37% |
| 2022 | 2022-05-31 | $58.3M | $58.2M | +291155.00% |
| 2021 | 2021-05-31 | $20,000 | — | — |
Applied Digital quarterly capital expenditures (capex)
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | $1.29B | $1.09B | +550.18% |
| Q3 2026 | 2026-02-28 | $775.2M | $517.7M | +201.06% |
| Q2 2026 | 2025-11-30 | $552.1M | $381.0M | +222.76% |
| Q1 2026 | 2025-08-31 | $249.4M | $194.6M | +355.16% |
| Q4 2025 | 2025-05-31 | $198.3M | $184.0M | +1286.07% |
| Q3 2025 | 2025-02-28 | $257.5M | $218.9M | +566.92% |
| Q2 2025 | 2024-11-30 | $171.0M | $157.8M | +1192.20% |
| Q1 2025 | 2024-08-31 | $54.8M | −$20.9M | −27.57% |
| Q4 2024 | 2024-05-31 | $14.3M | −$20.8M | −59.21% |
| Q3 2024 | 2024-02-29 | $38.6M | $12.7M | +49.02% |
| Q2 2024 | 2023-11-30 | $13.2M | −$24.0M | −64.42% |
| Q1 2024 | 2023-08-31 | $75.7M | $42.6M | +128.60% |
| Q4 2023 | 2023-05-31 | $35.1M | $5.0M | +16.60% |
| Q3 2023 | 2023-02-28 | $25.9M | $8.0M | +45.02% |
| Q2 2023 | 2022-11-30 | $37.2M | $27.9M | +298.97% |
| Q1 2023 | 2022-08-31 | $33.1M | $32.1M | +3249.90% |
| Q4 2022 | 2022-05-31 | $30.1M | — | — |
| Q3 2022 | 2022-02-28 | $17.9M | — | — |
| Q2 2022 | 2021-11-30 | $9.3M | — | — |
| Q1 2022 | 2021-08-31 | $988,000 | — | — |
Applied Digital capital expenditures (capex) trends
Over the last five fiscal years, Applied Digital's capital expenditures (capex) increased from $20,000 to $2.87B, a change of $2.87B. The latest reported quarter, Q4 2026, shows $1.29B.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Applied Digital source filings ↗