Applied Digital annual gross margin
2022
2023
2024
2025
2026
Applied Digital Gross Margin Growth & History (APLD)
Applied Digital's gross margin was 35.08% for fiscal 2026.
View full Applied Digital company overviewApplied Digital annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-05-31 | 35.08% | +85.41 pp |
| 2025 | 2025-05-31 | −50.33% | −41.75 pp |
| 2024 | 2024-05-31 | −8.58% | −28.45 pp |
| 2023 | 2023-05-31 | 19.87% | +31.06 pp |
| 2022 | 2022-05-31 | −11.19% | — |
Applied Digital quarterly gross margin
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 | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-05-31 | 42.88% | +546.10 pp |
| Q3 2026 | 2026-02-28 | 42.49% | +35.34 pp |
| Q2 2026 | 2025-11-30 | 20.57% | −16.77 pp |
| Q1 2026 | 2025-08-31 | 13.41% | −21.33 pp |
| Q4 2025 | 2025-05-31 | −503.23% | −289.28 pp |
| Q3 2025 | 2025-02-28 | 7.14% | +15.71 pp |
| Q2 2025 | 2024-11-30 | 37.34% | +7.87 pp |
| Q1 2025 | 2024-08-31 | 34.74% | +4.17 pp |
| Q4 2024 | 2024-05-31 | −213.95% | −241.58 pp |
| Q3 2024 | 2024-02-29 | −8.57% | −33.81 pp |
| Q2 2024 | 2023-11-30 | 29.46% | +25.18 pp |
| Q1 2024 | 2023-08-31 | 30.56% | +18.56 pp |
| Q4 2023 | 2023-05-31 | 27.63% | +26.43 pp |
| Q3 2023 | 2023-02-28 | 25.24% | +127.29 pp |
| Q2 2023 | 2022-11-30 | 4.28% | — |
| Q1 2023 | 2022-08-31 | 12.00% | — |
| Q4 2022 | 2022-05-31 | 1.20% | — |
| Q3 2022 | 2022-02-28 | −102.05% | — |
Applied Digital gross margin trends
Between the periods ended 2022-05-31 and 2026-05-31, Applied Digital's gross margin increased from −11.19% to 35.08%, a change of +46.28 percentage points. The latest reported quarter, Q4 2026, shows 42.88%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Applied Digital source filings ↗