APLD Stock - Applied Digital Corporation
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $215.51M | $136.62M | $55.39M | $8.55M | N/A |
| Gross Profit | $22.70M | $29.96M | $11.00M | $-13,343,000 | $-1,000 |
| Gross Margin | 10.5% | 21.9% | 19.9% | -156.1% | N/A |
| Operating Income | $-72,252,000 | $-15,055,000 | $-44,055,000 | $-20,898,000 | $-332,000 |
| Net Income | $-231,065,000 | $-149,274,000 | $-44,646,000 | $-23,520,000 | $-568,000 |
| Net Margin | -107.2% | -109.3% | -80.6% | -275.1% | N/A |
| EPS | $-1.16 | $-1.31 | $-0.48 | $-0.41 | $-0.06 |
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America. It operates through three segments: Data Center Hosting Business, Cloud Services 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 is based in Dallas, Texas.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| January 7th 2026 | Arete | Initiation | Buy | $99 |
| September 15th 2025 | Compass Point | Resumed | Buy | - |
| July 25th 2025 | Compass Point | Upgrade | Buy | $13 |
| June 9th 2025 | Compass Point | Downgrade | Neutral | $13 |
| May 22nd 2025 | Citizens JMP | Initiation | Mkt Outperform | $12 |
| January 28th 2025 | Compass Point | Initiation | Buy | $10 |
| December 20th 2024 | Cantor Fitzgerald | Initiation | Overweight | $15 |
| October 3rd 2023 | ROTH MKM | Initiation | Buy | $14 |
| December 22nd 2022 | H.C. Wainwright | Initiation | Buy | $4 |
| May 24th 2022 | DA Davidson | Initiation | Buy | $6 |
| May 23rd 2022 | Craig Hallum | Initiation | Buy | $10 |
| May 9th 2022 | Lake Street | Initiation | Buy | $10 |
| May 9th 2022 | Northland Capital | Initiation | Outperform | $7.5 |
| May 9th 2022 | Needham | Initiation | Buy | $5.5 |
| May 9th 2022 | B. Riley Securities | Initiation | Buy | $10 |
Earnings History & Surprises
APLDEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 13, 2026 | $-0.10 | — | — | — |
Q1 2026 | Jan 7, 2026 | $-0.09 | $-0.11 | -22.2% | ✗ MISS |
Q4 2025 | Oct 9, 2025 | $-0.13 | $-0.11 | +14.7% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $-0.12 | $-0.12 | 0.0% | = MET |
Q2 2025 | Apr 14, 2025 | $-0.11 | $-0.16 | -45.5% | ✗ MISS |
Q1 2025 | Jan 14, 2025 | $-0.14 | $-0.66 | -371.4% | ✗ MISS |
Q4 2024 | Oct 9, 2024 | $-0.27 | $-0.03 | +89.0% | ✓ BEAT |
Q3 2024 | Aug 28, 2024 | $-0.23 | $-0.52 | -126.1% | ✗ MISS |
Q2 2024 | Apr 11, 2024 | $-0.12 | $-0.52 | -333.3% | ✗ MISS |
Q1 2024 | Jan 16, 2024 | $-0.01 | $-0.10 | -1500.0% | ✗ MISS |
Q4 2023 | Oct 9, 2023 | $-0.04 | $-0.10 | -169.3% | ✗ MISS |
Q3 2023 | Jul 24, 2023 | $-0.05 | $-0.07 | -40.0% | ✗ MISS |
Q2 2023 | Apr 6, 2023 | $-0.05 | $-0.08 | -60.0% | ✗ MISS |
Q1 2023 | Jan 9, 2023 | $-0.06 | $-0.29 | -383.3% | ✗ MISS |
Q4 2022 | Oct 11, 2022 | $-0.06 | $-0.05 | +16.7% | ✓ BEAT |
Q3 2022 | Aug 25, 2022 | $-0.28 | $-0.06 | +78.6% | ✓ BEAT |
Q2 2022 | May 13, 2022 | $-0.07 | $-0.04 | +42.9% | ✓ BEAT |
Q1 2022 | Jan 15, 2022 | — | $-0.00 | — | — |
Q4 2021 | Oct 15, 2021 | — | $-0.31 | — | — |
Q3 2021 | Jul 15, 2021 | — | $-0.01 | — | — |
Latest News
B. Riley Securities Maintains Buy on Applied Digital, Raises Price Target to $53
📈 PositiveRoth Capital Maintains Buy on Applied Digital, Raises Price Target to $58
📈 PositiveApplied Digital surges after Q2 earnings reveal pipeline to add 900 MW of data center capacity: analysts
📈 PositiveNeedham Reiterates Buy on Applied Digital, Maintains $41 Price Target
📈 PositiveApplied Digital shares are trading higher after the company reported second-quarter adjusted earnings and revenue above estimates.
📈 PositiveMarket-Moving News for January 8th
➖ NeutralBabcock & Wilcox Selects Siemens Energy To Supply Steam Turbine Generator Sets For 1 GW Applied Digital AI Data Center Power Project With Delivery Targeted By End Of 2028
📈 PositiveApplied Digital Q2 Adj. EPS $0.00 Beats $(0.10) Estimate, Sales $126.589M Beat $89.757M Estimate
📈 PositiveApplied Digital Q2 Sales $126.589M Beat $89.757M Estimate
📈 PositiveAPLD stock has given up its prior gain. Applied Digital shares were trading higher after Freedom Capital Markets initiated coverage on the stock with a Buy rating and announced a $36 price target.
➖ NeutralApplied Digital shares are trading higher after Freedom Capital Markets initiated coverage on the stock with a Buy rating and announced a $36 price target.
📈 PositiveFreedom Capital Markets Initiates Coverage On Applied Digital with Buy Rating, Announces Price Target of $36
📈 PositiveEkso Bionics Holdings shares are trading higher after the company disclosed a non-binding term sheet with Applied Digital Corporation for a proposed business combination
📈 PositiveNorthland Capital Markets Maintains Outperform on Applied Digital, Maintains $40 Price Target
📈 PositiveLake Street Reiterates Buy on Applied Digital, Maintains $45 Price Target
📈 PositiveApplied Digital To Spin Out Cloud Business, Proposes Business Combination With EKSO To Launch ChronoScale; Upon Closing, Applied Digital Would Own About 97% Of Combined Company, Which Will Operate Under Name ChronoScale; Plans To Continue To Explore Strategic Transactions For Possible Sale Of All Or Substantially All Of Ekso's Current Business; Proposed Transaction Is Expected To Close In First Half Of 2026
📈 PositiveApplied Digital among top S&P 500 gainers after securing loan for new AI data center projects
📈 PositiveApplied Digital Files Prospectus For Resale Of 2.4M Shares Of Common Stock By Selling Stockholders
📉 NegativeApplied Digital shares are trading higher after the company announced the successful and on-time Ready for Service for the second phase at the first 100 megawatt building at Building 1 of its Polaris Forge 1 AI Factory Campus in Ellendale, North Dakota.
📈 PositiveApplied Digital Announces Ready For Service For Second Phase At First 100 MW Building At Building 1 Of Polaris Forge 1 AI Factory Campus In Ellendale, North Dakota
📈 PositiveFrequently Asked Questions about APLD
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