Applied Digital Corporation
APLD Technology Information Technology Services
In the quarter to August 2026, revenue grew 432.4%, EPS fell 801.9%, free cash flow fell 506.7% and total debt rose 828.1%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| May '20 | May '21 | May '22 | May '23 | May '24 | May '25 | May '26 | |
|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
— | 11.75 | 38.80 | 43.57 | 24.69 | 116.32 | 3,973.02 |
Receivables |
— | — | 0.23 | 0.08 | 3.85 | 6.83 | 56.31 |
Other current assets |
— | — | 2.79 | 2.10 | 374.60 | 345.23 | 19.84 |
Total current assets |
— | 11.76 | 40.36 | 45.67 | 404.14 | 132.80 | 4,662.86 |
Property, Plant, Equpment (Net) |
— | 0.02 | 64.26 | 198.15 | 329.10 | 1,252.29 | 4,236.30 |
Long-term assets (Other) |
— | 3.28 | 8.95 | 4.55 | 19.35 | 179.35 | 830.71 |
Total non-current assets |
— | 3.30 | 79.62 | 218.29 | 358.72 | 1,737.29 | 5,266.46 |
Total Assets |
— | 15.05 | 119.98 | 263.96 | 762.87 | 1,870.09 | 9,929.31 |
Notes Payable |
1.90 | 2.14 | 1.33 | — | — | — | — |
Accounts Payable |
— | 0.25 | 13.26 | 6.45 | 104.53 | 251.49 | 395.47 |
Dividends Payable |
0.12 | 0.12 | — | — | — | — | — |
Accrued Expenses |
— | — | — | 9.96 | 24.70 | 30.12 | 548.49 |
Current Part of Debt |
1.90 | 2.14 | 1.33 | 7.95 | 45.92 | 10.33 | 16.42 |
Current Part of Capital Lease |
— | — | 0.81 | 5.72 | 5.28 | 147.04 | 47.59 |
Current Part of Taxes to Pay |
— | — | 0.00 | 1.63 | — | — | — |
Current Revenue (Deferred) |
— | — | 3.88 | 48.69 | 8.19 | 3.59 | 4.67 |
Other current liabilities |
0.12 | 0.12 | 9.52 | 36.37 | 364.89 | 40.36 | 131.73 |
Total current liabilities |
2.02 | 2.50 | 29.00 | 115.46 | 554.11 | 499.73 | 1,162.86 |
Long Term Debt (Total) |
— | — | 10.27 | 76.81 | 82.85 | 677.84 | 4,970.25 |
Long Term Tax Liability (Deferred) |
— | — | 0.54 | — | — | — | — |
Preferred Shares of Subsidiary (Mandatory, Redeemable) |
— | 15.14 | — | — | — | — | — |
Liabilities (Preferred Stock) |
— | — | — | — | — | 136.04 | 62.77 |
Minority Interests |
— | — | — | — | — | 0.00 | 1,956.30 |
Non-current Liabilities (Other) |
— | — | — | 1.00 | — | — | 5.45 |
Total non-current liabilities |
— | 15.14 | 11.75 | 78.82 | 83.93 | 872.68 | 7,041.95 |
Total liabilities |
2.02 | 17.64 | 40.75 | 194.28 | 638.04 | 1,372.40 | 8,204.80 |
Additional Paid In Capital |
13.87 | 13.88 | 128.29 | 160.19 | 374.74 | 1,009.91 | 2,432.25 |
Preferred Stock (Total) |
5.22 | 5.22 | — | — | — | — | — |
Common Stock (Net) |
0.01 | 0.00 | 0.10 | 0.10 | 0.14 | 0.23 | 0.30 |
Retained Earnings |
(21.05) | (21.62) | (56.07) | (100.72) | (249.99) | (481.05) | (662.33) |
Treasury Stock |
0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 31.40 | 52.74 |
Common Equity (Total) |
(7.23) | (7.80) | 79.24 | 69.68 | 124.83 | 497.69 | 1,724.51 |
Shareholders Equity (Total) |
(2.01) | (2.58) | 79.24 | 69.68 | 124.83 | 497.69 | 1,724.51 |
Shareholders Equity and Liabilities (Total) |
— | 15.05 | 119.98 | 263.96 | 762.87 | 1,870.09 | 9,929.31 |
Shares (Common) |
1.51 | 1.51 | 97.80 | 95.93 | 139.05 | 224.91 | 287.88 |
Shares (Preferred) |
0.01 | 0.05 | — | — | — | — | — |
Shareholders Equity (Tangible) |
(2.01) | (2.58) | 79.24 | 69.68 | 124.83 | 497.69 | 1,724.51 |
Net Debt |
1.90 | (9.61) | (27.19) | 41.19 | 104.08 | 571.85 | 1,013.65 |
Total Debt |
1.90 | 2.14 | 11.60 | 84.76 | 128.77 | 688.17 | 4,986.67 |