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APLD Stock Chart & Stats
$31.53
-$0.86(-9.13%)
At close: 4:00 PM EST
$31.53
-$0.86(-9.13%)
Day’s Range― - ―
52-Week Range$9.02 - $50.73
Previous CloseN/A
Volume8.15M
Average Volume (3M)21.64M
Market Cap
$9.45B
Enterprise Value$14.12B
Total Cash (Recent Filing)$1.73B
Total Debt (Recent Filing)$2.83B
Price to Earnings (P/E)―
Beta3.02
Next Earnings
Aug 20, 2026EPS Estimate
-0.24Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.75
Shares Outstanding285,769,530
10 Day Avg. Volume22,335,351
30 Day Avg. Volume21,641,611
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)2.17
Price to Sales (P/S)6.38
P/FCF Ratio-1.72
Enterprise Value/Market Cap1.49
Enterprise Value/Revenue39.72
Enterprise Value/Gross Profit146.75
Enterprise Value/Ebitda-151.19
Forecast
1Y Price Target
$72.00Price Target Upside128.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.73
Revenue Forecast (FY)$819.01M
Bulls Say, Bears Say
Bulls Say
Long-term Contracted Hyperscaler LeasesA large roster of long‑dated, take‑or‑pay hyperscaler leases and ~$16B contracted revenue materially raises revenue visibility and reduces demand uncertainty for the core AI/data‑center portfolio. This durable contracted backlog supports predictable cash flows, underpins project financing, and materially de-risks buildout economics over the next several years.
Strong Revenue Growth And Improving Adjusted EBITDAVery strong sequential and YoY revenue growth with positive adjusted EBITDA demonstrates the operating model can scale toward profitability as facilities ramp. Durable demand for high‑density hosting plus improving operating margins imply the company can convert additional capacity into sustainable cash earnings as new buildings achieve steady state.
Expanded Liquidity And Financing CapacityMaterial near‑term liquidity and committed funding capacity reduce execution risk for capital‑intensive builds. Larger credit lines and preferred equity commitments give the firm flexibility to fund staggered construction, bridge timing gaps, and negotiate refinancings, making project completion and contracted revenue realization more likely over the medium term.
Bears Say
Elevated LeverageRapid buildout has materially increased leverage, amplifying refinancing and interest‑rate exposure. Until NOI from new campuses meaningfully covers interest and amortization, elevated debt-to-equity constrains financial flexibility, increases bankruptcy/ covenant risk in adverse scenarios, and raises the cost of incremental capital.
Deeply Negative Free Cash FlowSustained negative free cash flow reflects heavy capex and working capital needs, implying ongoing dependence on external financing to fund growth. This structural cash deficit raises dilution/refinancing risk if capital markets tighten, and delays the firm’s ability to self‑fund expansion or reduce leverage until large campuses reach steady cash generation.
GAAP Losses, Write-downs And Rising SG&ALarge GAAP losses and significant noncash write‑downs indicate asset revaluation risk and execution/strategy adjustments. Elevated SG&A—driven by stock‑based comp and one‑time costs—pressures operating leverage and can persist as scale is added, delaying GAAP profitability and impeding free cash flow conversion even as revenue grows.
Applied Digital Corporation News
APLD FAQ
What was Applied Digital Corporation’s price range in the past 12 months?
Applied Digital Corporation lowest stock price was $9.02 and its highest was $50.73 in the past 12 months.
What is Applied Digital Corporation’s market cap?
Applied Digital Corporation’s market cap is $9.45B.
When is Applied Digital Corporation’s upcoming earnings report date?
Applied Digital Corporation’s upcoming earnings report date is Aug 20, 2026 which is in 46 days.
How were Applied Digital Corporation’s earnings last quarter?
Applied Digital Corporation released its earnings results on Apr 08, 2026. The company reported -$0.36 earnings per share for the quarter, missing the consensus estimate of -$0.151 by -$0.209.
Is Applied Digital Corporation overvalued?
According to Wall Street analysts Applied Digital Corporation’s price is currently Undervalued.
Does Applied Digital Corporation pay dividends?
Applied Digital Corporation does not currently pay dividends.
What is Applied Digital Corporation’s EPS estimate?
Applied Digital Corporation’s EPS estimate is -0.24.
How many shares outstanding does Applied Digital Corporation have?
Applied Digital Corporation has 285,769,530 shares outstanding.
What happened to Applied Digital Corporation’s price movement after its last earnings report?
Applied Digital Corporation reported an EPS of -$0.36 in its last earnings report, missing expectations of -$0.151. Following the earnings report the stock price went down -7.988%.
Which hedge fund is a major shareholder of Applied Digital Corporation?
Currently, no hedge funds are holding shares in APLD
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Applied Digital Corporation Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$72.00 (128.35% Upside)
$72.00 (128.35% Upside)
Blogger Sentiment
Bullish
APLD Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 3.4%
Last 30 Days ▲ 3.4%
News Sentiment
Bullish
Bullish news 60%
Bearish news 40%
Bearish news 40%
Technicals
SMA
Positive
20 days / 200 days
Momentum
213.06%
12-Months-Change
Fundamentals
Return on Equity
-15.82%
Trailing 12-Months
Asset Growth
265.88%
Trailing 12-Months
Company Description
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 Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to 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 has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.
APLD Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a constructive operational and growth narrative: very strong sequential revenue growth (139%), positive adjusted EBITDA ($44.1M), significant construction progress on multiple large campuses, improved lease credit support (CoreWeave A3 upgrade), and meaningful liquidity and funding access. Offsetting these positives are a large GAAP net loss ($100.9M), a sizable cloud segment noncash write-down ($59.7M) and elevated SG&A driven by stock-based compensation and one-time professional costs. Management highlights achievable financing paths and solid execution but acknowledges remaining debt placement and regulatory/site timing risks. On balance the call emphasizes strong execution and a clear growth runway, while also disclosing near-term profitability headwinds and financing/approval uncertainties.View all APLD earnings summariesAPLD Stock 12 Month Forecast
Average Price Target
$72.00
▲(128.35% Upside)
Technical Analysis
Digital Realty
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Equinix
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DigitalOcean Holdings
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Ingram Micro Holding Corporation
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CoreWeave
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Ownership Overview
9.47% Insiders
19.42% Mutual Funds
<0.01% Other Institutional Investors
57.36% Public Companies and Individual Investors