APLD·NASDAQ·USD
Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.
Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.
The first price observation reaches the verified listing date. This does not mean that security continuity, every trading day and adjusted prices have all been verified throughout the history.
The first price reaches the verified listing date 2022-04-13. Trading-date coverage and price verification are shown separately below.
Trading dates checked for 2022-04-13 — 2026-10-23: all 1,137 expected dates are present. Complete dates do not establish independent verification of every price.
Security basis: The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.
verified-listing-start-covered
History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z
Nasdaq IPO as Applied Blockchain; earlier OTC/company predecessors excluded.
Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.
2024-05-31 — 2026-05-31 · Valid observations: 11. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.
Time rangeAPLD Share price
Each panel has its own value axis; dates and the cursor are synchronized. Dense daily plots retain the first, last, highest and lowest observations in each pixel interval. The cursor, data table, CSV and statistics still use all original values. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Annual observations retain annual frequency; guidance and scenarios are labeled separately. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.
| Reporting period end | Revenue growth YoY% · Calculated from disclosures | Operating margin% · Calculated from disclosures | Operating cash flow / revenue% · Calculated from disclosures | Cash purchases of productive assets / revenue% · Calculated from disclosures |
|---|---|---|---|---|
| 2026-05-312026-05-31 | 167.45%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 6 items
| -38.68%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 4 items
| 14.67%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 4 items
| 468.79%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 4 items
|
| 2025-05-312025-05-31 | 38.05%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 6 items
| -31.58%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 4 items
| -50.49%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 4 items
| 298.20%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 4 items
|
| 2024-05-312024-05-31 | —Basis · Calculated from disclosuresSource version date: 2026-07-29 Required inputs with matching periods and currencies are insufficient, or the denominator is not positive. View calculation inputs · 6 items
| -59.39%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 4 items
| 8.33%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 4 items
| 85.65%Basis · Calculated from disclosuresSource version date: 2026-07-29 View calculation inputs · 4 items
|
(Current-period revenue / comparable prior-year revenue − 1) × 100
Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
Operating income / revenue × 100
Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
Operating cash flow / revenue × 100
Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
Cash purchases of productive assets / revenue × 100
Uses the broader PaymentsToAcquireProductiveAssets concept. It is not relabeled as PP&E or used to produce a standardized free-cash-flow yield. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
How the business turns into revenue and cash, and what the available evidence can establish.
APPLIED DIGITAL CORPORATION. The quote provider classifies its industry as EDP Services. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.
Candlesticks, volume and cross-company prices
Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-08-31
Capital expenditure uses the broader definition of productive-asset purchases and has not been verified as a PP&E-based free-cash-flow proxy. The original arithmetic is retained, but a comparable cash yield is not displayed.
Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。
Select two specific periods to compare changes in scale, earnings and cash.
| Line item | Current period | Comparison period | Amount change | Growth |
|---|---|---|---|---|
| RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive | 341.88 M | 80.93 M | +260.94 M | +322.41% |
| Operating incomeOperating margin -18.25% · Change -6.18 percentage points | -62.38 M | -9.76 M | -52.62 M | — |
| Net incomeNet margin -53.84% · Change -32.92 percentage points | -184.06 M | -16.93 M | -167.13 M | — |
| Operating cash flowOperating cash flow / revenue 18.70% · Change +119.43 percentage points | 63.92 M | -81.53 M | +145.45 M | — |
| Capital expenditureCapital expenditure / revenue 606.86% · Change +298.07 percentage points | 2.07 B | 249.91 M | +1.82 B | +730.16% |
The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.
Time rangeRevenue
Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.
Scroll to see all periods; select a value to open its source →
| Reporting period end · USD | 2025-08-31 | 2026-08-31 |
|---|---|---|
| Revenue | 80.93 M | 341.88 M |
| Gross profit | — | — |
| Operating income | -9.76 M | -62.38 M |
| Net income | -16.93 M | -184.06 M |
| Operating cash flow | -81.53 M | 63.92 M |
| Capital expenditure | 249.91 M | 2.07 B |
Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.
View filing sourceCompleted events, conditional arrangements and the document versions used are listed separately.
25% of FY2026 (FYE 2026-05-31) revenue from continuing operations · sole customer of the Data Center Hosting segment · a crypto mining customer · approximately one and a half years remaining on the contract · 10-K concentration disclosure [10]
Long-term supply of electrical equipment · named in the 10-K as one of the key suppliers with which long-term contracts have been established · supports the standardized AI Factory design and multi-GW development pipeline · no disclosed value or term [11]
Long-term supply of mechanical and cooling systems · named in the 10-K as one of the key suppliers with which long-term contracts have been established · supports the standardized AI Factory design and multi-GW development pipeline · no disclosed value or term · BASX is an AAON subsidiary [12]
$58.5m Loan and Security Agreement (2026-06-30) · adjusted term SOFR plus an applicable margin · matures 2031-06-30 · disclosed as a 10-K subsequent event [9]
Series G convertible preferred equity purchase agreement (PEPA) · 2026-06-26 amendment raised the aggregate commitment from $1.59bn to $2.0bn · investors B. Riley Wealth Management Holdings, B. Riley Principal Capital and B. Riley Principal Investments · 835,800 shares issued for $803.1m in FY2026, with 913,800 shares converted into common · a further 154,500 shares issued 2026-06-17 to 06-22 for $150.0m gross [8]
Related-party IPP (owned by third parties together with certain APLD officers and directors) · ~10% equity received for providing the guarantee (carried at $2.0m) · Demand Grid Promissory Note of $15.9m on 2026-04-16, amended 5-27 to cap future advances at $50.0m and 5-29 at $100.0m · includes the $37.0m paid to B&W on its behalf on 5-29 · $58.6m outstanding at 2026-05-31, maximum exposure to loss $60.6m · unconsolidated VIE · underlying ~1.2GW of front-of-the-meter gas-fired generation [4]
ELN-04 bridge facility · Credit and Guaranty Agreement (2026-05-01) · borrower APLD ComputeCo 3 LLC · $300m principal · Daily Simple SOFR+275bp or Base Rate+175bp · matures 2027-04-30 · Goldman Sachs Bank USA as administrative and collateral agent · funds the 150MW ELN-04 fourth building at Polaris Forge 1 · repaid 2026-06-16 with the $1.59bn 7.000% senior secured notes due 2031 [5]
AI colocation lease · Polaris Forge 2 (Harwood, ND) · 200MW critical IT · ~15-year term · ~$5.0bn total contracted revenue · delivery 2H26–1H27 · tenant identified as Oracle in the 8-K · supersedes the existing anonymous PF2 tenant edge, do not double-count [2]
Unconditional guarantee (terminated) · issued in favor of B&W backstopping related-party IPP Base Electron's obligations under a Design-Build Agreement dated 2026-02-26 (~$2.4bn contract price, ~1.2GW gas-fired generation) · terminated 2026-05-29 upon APLD paying $37.0m to B&W on Base Electron's behalf · APLD also holds B&W warrants, with rights to 5.23m shares assigned to Base Electron [3]
DevCo development loan · promissory note of borrower APLD DevCo LLC (2025-12-18) · $100m commitment: $45m first draw (2025-12-18) + $40m second draw (2026-02-24) + $15m third draw available on request · 8.0% per annum (plus 1.50% per month on default) · interest PIK-capitalized for the first 12 months · matures 2027-12-18 · parent guarantee plus pledge of substantially all assets and certain mortgages · funds sourcing, planning and construction of a new data center project · separate APLD FAR-01 $50m note at 8.0% [7]
$65m revolving credit facility (2025-11-10) · SOFR+275bp · 0.35% unused commitment fee · a separate agreement from the 2026-05-29 revolver [6]
Custom free-cooling chiller system · Polaris Forge 1 (Ellendale, ND) · zero water consumption in all modes · liquid-cooled GPU halls · engineered, built and delivered by BASX · no value or capacity disclosed [1]
This page cites periods ending through 2026-08-31. The same document includes multiple comparison periods.
This page cites periods ending through 2026-05-31. The same document includes multiple comparison periods.
This page cites periods ending through 2026-02-28. The same document includes multiple comparison periods.
This page cites periods ending through 2025-11-30. The same document includes multiple comparison periods.
This page cites periods ending through 2024-08-31.
This page cites periods ending through 2023-05-31.
Showing the latest 6 recorded source versions. Find the remaining 13 in Source values in the full financial table.
Trace supply and demand through contract performance, operating metrics and cash attribution.
Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.
| Economic direction / relationship type | Status / record date | Recorded amount | Capacity basis | Evidence source |
|---|---|---|---|---|
| Signed / existing2026-07-29 | No attributable amount providedAmount classification not yet structured | Not structured | A · Original filingCheck public source ↗ | |
| Framework / intent2026-07-29 | No attributable amount providedAmount classification not yet structured | Not structured | A · Original filingCheck public source ↗ | |
| Framework / intent2026-07-29 | No attributable amount providedAmount classification not yet structured | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2026-06-30 | USD 0.059 billionNominal debt / financing amount | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2026-06-26 | USD 2 billionInvestment commitment / cap | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2026-05-29 | USD 0.1 billionInvestment commitment / cap | 1.2 GWSee the record for capacity definitions and conditions | A · Original filingCheck public source ↗ | |
| Signed / existing2026-05-01 | USD 0.3 billionNominal debt / financing amount | 150 MWSee the record for capacity definitions and conditions | A · Original filingCheck public source ↗ | |
| Signed / existing2026-03-10 | USD 5 billionAmount associated with the contract relationship | 200 MWSee the record for capacity definitions and conditions | A · Original filingCheck public source ↗ | |
| Signed / existing2026-02-26 | USD 2.4 billionPurchase thresholds and equity vesting conditions | 1.2 GWSee the record for capacity definitions and conditions | A · Original filingCheck public source ↗ | |
| Signed / existing2025-12-18 | USD 0.1 billionAmount classification not yet structured | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2025-11-10 | USD 0.065 billionCredit facility limit | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2025-06-30 | No attributable amount providedAmount classification not yet structured | Not structured | B · Company / mediaCheck public source ↗ |
Downstream demand · Customer
Accounted for 25% of revenue from continuing operations in FY2026, ended 2026-05-31
Recorded as signed or existing; performance progress requires separate verification
No attributable amount is available for this record. This does not mean the amount is zero.
A period-by-period schedule of payments and revenue recognition has not been established. The recorded amount is not converted into current-period revenue, cash paid or stock-price impact.
The counterparty is unnamed; no specific company is inferred.
Accounted for 25% of revenue from continuing operations in FY2026, ended 2026-05-31
Use the original disclosure period. Do not multiply this ratio by the latest quarterly revenue or assume it is the current revenue share.
25% of FY2026 (FYE 2026-05-31) revenue from continuing operations · sole customer of the Data Center Hosting segment · a crypto mining customer · approximately one and a half years remaining on the contract · 10-K concentration disclosure
APLD 10-K (2026-07-29)
The excerpts below come from this record. Verify signed status separately from actual completion.
The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.
Analytical framework, not a realized impact
APLD supplies products or services to Anonymous customer · APLD (crypto mining hosting); a customer list is not an irrevocable order.
Verify orders, performance, invoicing and collections; monitor changes in customer demand, product mix and selling prices.
Assess whether incremental revenue, costs and gross profit, accounts receivable and operating cash flows are consistent.
First verify the sustainability of earnings and cash flows, then compare valuations; do not infer share-price upside directly from a partnership announcement.
Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.
Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.
Can revenue growth translate into earnings attributable to shareholders?
Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Operating margin ↗2026-05-31 · Research calculation | -38.68% | Definition and boundariesOperating income / revenue × 100 Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Operating cash flow / revenue ↗2026-05-31 · Research calculation | 14.67% | Definition and boundariesOperating cash flow / revenue × 100 Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
What verifiable information does this metric provide about this relationship?
Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Revenue growth YoY ↗2026-05-31 · Research calculation | 167.45% | Definition and boundaries(Current-period revenue / comparable prior-year revenue − 1) × 100 Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Cash purchases of productive assets / revenue ↗2026-05-31 · Research calculation | 468.79% | Definition and boundariesCash purchases of productive assets / revenue × 100 Uses the broader PaymentsToAcquireProductiveAssets concept. It is not relabeled as PP&E or used to produce a standardized free-cash-flow yield. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.
A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source
Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.
Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.
Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.
2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.
The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately.
verified-listing-start-covered
Nasdaq IPO as Applied Blockchain; earlier OTC/company predecessors excluded.
Reporting period 2026-08-31; filed 2026-10-07. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.
Based on value-chain records; original operating disclosures are still needed.
Citations: 12 · Documents: 10 · Duplicate documents are grouped; individual source locations are retained
AAON/BASX press release 2025-06-30 [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
APLD 8-K (2026-03-10); APLD 10-K (2026-07-29) contracted lease portfolio table · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
APLD 8-K (2026-03-04); APLD 10-K (2026-07-29) related-party note · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
APLD 10-K (2026-07-29) related-party and VIE notes; APLD 8-K (2026-03-04) · Document date unverified
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APLD 10-K (2026-07-29) debt note; APLD 8-K (2026-06-16) · Document date unverified
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APLD 10-K (2026-07-29) debt note; APLD 8-K (2025-11-12) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
APLD 8-K (2025-12-22); APLD 10-K (2026-07-29) debt note · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
APLD 8-K (2026-06-26) and EX-10.3; APLD 10-K (2026-07-29) temporary equity and subsequent events notes · Document date unverified
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APLD 10-K (2026-07-29) subsequent events note · Document date unverified
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APLD 10-K (2026-07-29) · Document date unverified
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APLD 10-K (2026-07-29) · Document date unverified
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APLD 10-K (2026-07-29) · Document date unverified
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The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
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