APLD Applied Digital Corporation
Price Chart
Executive Summary
Applied Digital (APLD) reported a significant revenue beat with $126.6M vs. $78.5M expected, driven by 139% YoY growth in HPC hosting, though GAAP EPS remained deeply negative at $-0.36. Strong non-GAAP profitability (adjusted net income $33.2M, $0.09/share) and a $2.15B debt financing for Polaris Forge 2 signal scaling execution, but the stock may react negatively to heavy losses and dilutive capital raises.
Key Financial Metrics
Actionable Insight
Focus on adjusted EBITDA ($44.1M) and adjusted net income ($33.2M) as true indicators of operating momentum; however, monitor upcoming capital raises and execution risk on multi-billion-dollar buildouts as potential overhangs.
Key Facts
- Reported revenue of $126.6M, a 139% YoY increase and 61% above $78.5M consensus
- GAAP net loss of $100.9M ($0.36/share), worse than $-0.21 consensus, but improved from $-0.16 in prior year
- Adjusted net income of $33.2M ($0.09/share) vs. $-2.6M in prior year, showing core business profitability
- Broke ground on Delta Forge 1 (300 MW) and secured $2.15B in senior secured notes for Polaris Forge 2
- Reclassified Cloud Services as continuing ops, distorting GAAP results with $59.7M loss on reclassification
Financial Impact
Revenue 61% above consensus ($126.6M vs. $78.5M), but GAAP loss widened to $0.36/share from $-0.21 estimate
Risk Factors
- High GAAP losses despite strong revenue growth may concern investors
- Significant future capex requirements for Delta Forge and Polaris campuses could lead to further dilution
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3270506 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
3d ago
|
Institutional Cluster
| $41.84 awaiting T+20 | awaiting T+20 | — | $42.70 (+2.07%) |
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Jun 11, 2026
3d ago
|
Institutional Cluster
| $39.45 awaiting T+20 | awaiting T+20 | — | $42.70 (+8.24%) |
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Jun 9, 2026
5d ago
|
8-K
| $45.00 awaiting T+20 | awaiting T+20 | — | $42.70 (−5.11%) |
|
May 5, 2026
5w ago
|
8-K
| $44.24 $44.71 | ▲ +1.06% | ▼ −1.72% | $42.70 (−3.48%) |
|
Apr 27, 2026
7w ago
|
Insider Cluster
| $33.67 $45.14 | ▲ +34.07% | ▲ +29.11% | $42.70 (+26.82%) |
|
Apr 23, 2026
7w ago
|
8-K
| $36.35 $39.52 | ▲ +8.72% | ▲ +4.09% | $42.70 (+17.47%) |
|
Apr 23, 2026
7w ago
|
Press Release
| $36.35 $39.52 | ▲ +8.72% | ▲ +4.09% | $42.70 (+17.47%) |
|
Apr 8, 2026
9w ago
|
8-K
| $25.57 $44.24 | ▲ +73.02% | ▲ +65.45% | $42.70 (+66.99%) |
|
Apr 8, 2026
9w ago
|
Press Release
| $25.57 $44.24 | ▲ +73.02% | ▲ +65.45% | $42.70 (+66.99%) |
|
Mar 19, 2026
12w ago
|
Press Release
| $25.93 $32.19 | ▲ +24.14% | ▲ +14.82% | $42.70 (+64.67%) |
US Market Status
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