Applied Digital Corporation
APLDTechnologyNASDAQInformation Technology Services · Last scanned May 28, 2026
Scan Results
Daily timeframe1 of 4 indicators bullish as of May 27
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. The company carries a $14.00B market cap, placing it firmly in the large-cap category. It operates through: Data Center Hosting Business, and HPC Hosting Business.
Market Cap
$14.00B
Beta
5.70
P/E (TTM)
—
P/E (Fwd)
-51.56
EPS (TTM)
$-0.38
EPS (Fwd)
$-0.95
ROE
-5.6%
ROA
-0.6%
Cash
$1.73B
Total Debt
$2.83B
Free CF
-$1.50B
52W Change
595.7%
Annual Financials
Cash vs Debt
Applied Digital Corporation carries $2.83B in total debt against $1.73B in cash reserves — debt is roughly 1.6x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company is burning cash, with free cash flow at -$1.50B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -5.6% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $8.5M (2022) to $144.2M (2025), reflecting a 1587% increase over the period.
Applied Digital Corporation's elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing APLD's risk profile alongside its fundamentals and technical indicators provides a more complete picture.