Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 215.51M | 215.51M | 136.62M | 55.39M | 8.55M | 0.00 |
Gross Profit | 22.70M | 22.70M | 29.96M | 11.00M | -13.34M | -1.00K |
EBITDA | -91.82M | -91.82M | -34.16M | -36.88M | -20.71M | -331.00K |
Net Income | -231.06M | -231.06M | -149.27M | -44.65M | -23.52M | -568.00K |
Balance Sheet | ||||||
Total Assets | 1.87B | 1.87B | 762.87M | 263.96M | 119.98M | 15.05M |
Cash, Cash Equivalents and Short-Term Investments | 41.55M | 113.92M | 3.34M | 43.57M | 38.80M | 11.75M |
Total Debt | 702.88M | 702.88M | 427.81M | 91.81M | 13.54M | 2.13M |
Total Liabilities | 1.24B | 1.24B | 638.04M | 194.28M | 40.74M | 17.64M |
Stockholders Equity | 497.69M | 633.73M | 124.83M | 59.52M | 72.26M | -2.58M |
Cash Flow | ||||||
Free Cash Flow | -372.89M | -115.40M | -128.01M | -72.54M | -59.12M | -3.38M |
Operating Cash Flow | -115.40M | -115.40M | 13.79M | 58.73M | -872.00K | -83.00K |
Investing Cash Flow | -667.65M | -667.65M | -172.44M | -132.09M | -45.87M | -3.30M |
Financing Cash Flow | 0.00 | 0.00 | 146.76M | 70.63M | 81.29M | 15.13M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
72 Outperform | $1.60B | 316.06 | 0.86% | ― | 22.20% | ― | |
70 Outperform | $1.62B | 26.95 | 12.49% | ― | 19.04% | 24.49% | |
66 Neutral | $665.51M | 38.62 | 3.69% | ― | 22.27% | ― | |
64 Neutral | $3.75B | ― | -53.71% | ― | 30.16% | 12.06% | |
61 Neutral | $35.52B | 8.84 | -11.06% | 1.87% | 8.55% | -8.14% | |
51 Neutral | $1.74B | ― | -8.85% | ― | -43.28% | 15.29% | |
43 Neutral | $2.08B | ― | -40.94% | ― | 14.34% | -13.27% |
On August 28, 2025, Applied Digital announced a new lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in North Dakota, increasing the total critical IT capacity to 400MW. This expansion is part of Applied Digital’s strategy to enhance its AI infrastructure capabilities, with the new data center expected to be operational by mid-2027. The company anticipates approximately $11 billion in contracted lease revenue, reinforcing North Dakota’s role in the digital economy and supporting Applied Digital’s mission to transform regional resources into economic opportunities.
On August 14, 2025, Applied Digital Corporation amended its preferred equity purchase agreement to increase its capital access for the development of its Polaris Forge I data center in North Dakota. The amendment raises the commitment for Series G Convertible Preferred Stock from $150 million to $300 million and removes previous capital limitations, enhancing the company’s financial flexibility for its ongoing projects.