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 |
|---|---|---|---|---|
| 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 | — | — | — | — |
Q1 2026 | Jan 7, 2026 | $-0.10 | — | — | — |
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
Applied 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
📈 PositiveReported Earlier, Applied Digital Prices $2.35B Offering Of 9.250% Senior Secured Notes Due 2030 At 97% Issue Price
➖ NeutralApplied Digital Announces Proposed Offering Of $2.35B Of Senior Secured Notes
➖ NeutralBabcock & Wilcox Enterprises Announces An Agreement For A Limited Notice To Proceed For A Project Valued At Over $1.5B To Deliver One Gigawatt Of Power For An Applied Digital AI Factory; Co. Plans To Design And Install The Plant's Four 300-Megawatt Natural Gas-Fired Power Plants Consisting Of Proven Boilers And Associated Steam Turbines
📈 PositiveNeedham Reiterates Buy on Applied Digital, Maintains $41 Price Target
📈 PositiveApplied Digital Hits Key 50 MW Ready For Service Milestone On-Time At Polaris Forge 1 AI Factory, Supporting CoreWeave's Hyperscale AI Demand
📈 PositiveApplied Digital Hits On-Time Ready For Service For First Phase (50 MW), At First 100 MW Building At Polaris Forge 1 AI Factory Campus In Ellendale, North Dakota
📈 PositiveCraig-Hallum Maintains Buy on Applied Digital, Raises Price Target to $39
📈 PositiveApplied Digital Enters $5B, 15-Year Lease Agreement For AI Factory With Investment Grade Hyperscaler In Harwood, North Dakota
📈 PositiveNorthland Capital Markets Maintains Outperform on Applied Digital, Raises Price Target to $40
📈 PositiveLake Street Maintains Buy on Applied Digital, Raises Price Target to $37
📈 PositiveHC Wainwright & Co. Maintains Buy on Applied Digital, Raises Price Target to $40
📈 PositiveCraig-Hallum Maintains Buy on Applied Digital, Raises Price Target to $37
📈 PositiveApplied Digital surges 27% after Q1 results, growth plans keep analysts bullish
📈 PositiveApplied Digital shares are trading higher after the company reported better-than-expected Q1 financial results. Also, Needham maintained a Buy rating on the stock and raised its price target from $21 to $41.
📈 PositiveMarket-Moving News for October 10th
➖ NeutralNeedham Maintains Buy on Applied Digital, Raises Price Target to $41
📈 PositiveFrequently Asked Questions about APLD
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