Applied Digital Corporation
APLDTechnologyNASDAQInformation Technology Services · Last scanned Jul 18, 2026
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Daily timeframeApplied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. The $7.37B market capitalization puts APLD squarely in mid-cap range for its industry. It operates through: Data Center Hosting Business, and HPC Hosting Business.
Market Cap
$7.37B
Beta
5.68
P/E (TTM)
—
P/E (Fwd)
-20.97
EPS (TTM)
$-0.37
EPS (Fwd)
$-1.23
ROE
-5.6%
ROA
-0.6%
Cash
$1.73B
Total Debt
$2.83B
Free CF
-$1.50B
52W Change
116.2%
Annual Financials
Cash vs Debt
On the balance sheet, APLD has $1.73B in cash with $2.83B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. 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. Return on equity stands at -5.6%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $8.5M (2022) to $144.2M (2025), reflecting a 1587% increase over the period.
With a beta above 1.5, APLD tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. 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. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Applied Digital Corporation and its sector.