Applied Digital Corporation (APLD)

APLD Balance Sheet

Assets, liabilities, and equity analysis

APLD Quarterly Balance Sheet (USD)

Quarterly Report	TTM	02/28/2026	11/30/2025	08/31/2025	05/31/2025	02/28/2025	11/30/2024	08/31/2024	05/31/2024
Total Current Assets	2.428B	2.428B	2.717B	641.735M	430.593M	274.259M	328.388M	84.110M	404.144M
Cash & Cash Equivalents	1.730B	1.730B	1.913B	73.911M	41.552M	68.743M	286.237M	58.215M	3.339M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	1.730B	1.730B	1.913B	73.911M	41.552M	68.743M	286.237M	58.215M	3.339M
Accounts Receivable	20.753M	20.753M	16.758M	31.524M	3.043M	14.619M	12.313M	2.298M	3.847M
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Assets	6.247B	6.247B	5.229B	2.399B	1.870B	1.707B	1.543B	937.732M	762.867M
Property, Plant & Equipment	3.225B	3.225B	2.017B	1.479B	1.295B	1.391B	1.175B	826.046M	339.374M
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	0.00	0.00	38.966M	6.073M	7.000M	0.00	0.00	0.00	1.200M
Total Current Liabilities	1.019B	1.019B	563.401M	985.493M	558.144M	393.581M	424.353M	386.665M	554.112M
Accounts Payable	377.429M	377.429M	92.911M	172.823M	247.528M	170.517M	192.017M	140.264M	104.528M
Short-Term Debt	98.174M	98.174M	12.555M	382.056M	10.331M	10.138M	11.341M	37.356M	45.918M
Total Liabilities	3.679B	3.679B	3.263B	1.355B	1.236B	1.209B	1.109B	695.886M	638.037M
Long-Term Debt	2.660B	2.660B	2.594B	305.283M	678.221M	678.988M	468.244M	106.227M	79.472M
Total Debt	2.827B	2.827B	2.609B	700.209M	702.877M	993.668M	799.410M	425.767M	135.730M
Net Debt (Cash)	1.097B	1.097B	695.241M	626.298M	661.325M	924.925M	513.173M	367.552M	132.391M
Total Shareholders' Equity	1.581B	1.581B	1.450B	1.044B	633.725M	497.867M	434.572M	241.846M	124.830M
Common Stock	293K	293K	287K	274K	230K	230K	222K	162K	144K
Retained Earnings	-583.057M	-583.057M	-512.380M	-497.981M	-481.055M	-428.518M	-392.963M	-254.281M	-249.990M
Current Ratio	2.38	2.38	4.82	0.65	0.77	0.70	0.77	0.22	0.73
Debt to Equity Ratio	1.79	1.79	1.80	0.67	1.11	2.00	1.84	1.76	1.09

APLD Annual Balance Sheet (USD)

Annual Report	05/31/2025	05/31/2024	05/31/2023	05/31/2022	05/31/2021	05/31/2020
Total Current Assets	430.593M	404.144M	45.759M	40.362M	11.750M	—
Cash & Cash Equivalents	113.920M	3.339M	28.999M	38.798M	11.750M	—
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	—
Cash & Short-Term Investments	113.920M	3.339M	28.999M	38.798M	11.750M	—
Accounts Receivable	3.043M	3.847M	82K	227K	0.00	—
Inventory	0.00	0.00	0.00	0.00	0.00	—
Total Assets	1.870B	762.867M	263.957M	119.980M	15.052M	—
Property, Plant & Equipment	1.295B	339.374M	211.186M	70.668M	3.302M	—
Goodwill	0.00	0.00	0.00	0.00	0.00	—
Intangible Assets	0.00	0.00	0.00	0.00	0.00	—
Long-Term Investments	7.000M	1.200M	0.00	0.00	0.00	—
Total Current Liabilities	558.144M	554.112M	115.460M	28.998M	2.500M	—
Accounts Payable	247.528M	104.528M	6.446M	13.260M	249K	—
Short-Term Debt	10.331M	45.918M	7.950M	1.333M	0.00	—
Total Liabilities	1.236B	638.037M	194.278M	40.745M	17.635M	—
Long-Term Debt	677.825M	79.472M	68.479M	5.897M	0.00	—
Total Debt	702.877M	135.730M	91.810M	13.544M	2.135M	—
Net Debt (Cash)	588.957M	132.391M	62.811M	-25.254M	-9.615M	—
Total Shareholders' Equity	633.725M	124.830M	59.517M	72.259M	-2.583M	—
Common Stock	230K	144K	101K	98K	9K	—
Retained Earnings	-481.055M	-249.990M	-100.716M	-56.070M	-21.623M	—
Current Ratio	0.77	0.73	0.40	1.39	4.70	—
Debt to Equity Ratio	1.11	1.09	1.54	0.19	-0.83	—

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Applied Digital Corporation

Applied Digital Corporation (ADC) is a North American firm specializing in digital infrastructure and cloud-based solutions, primarily serving the high-performance computing (HPC) and artificial intelligence (AI) sectors. Its business is structured around three key segments: Data Center Hosting, Cloud Services, and dedicated HPC Hosting. ADC offers essential infrastructure support to cryptocurrency mining clients. Furthermore, it delivers robust GPU computing capabilities crucial for intensive AI, machine learning, and various other HPC workloads. The company also undertakes the comprehensive design, construction, and management of data centers specifically engineered to facilitate HPC applications. Formerly known as Applied Blockchain, Inc., the company officially adopted the name Applied Digital Corporation in November 2022. Its corporate headquarters are situated in Dallas, Texas.

Dallas, TX

150 employees

applieddigital.com

Technology / Information Technology Services

Sector: Technology
Industry: Information Technology Services
CEO: Wesley Cummins

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