Applied Digital Corporation

APLD Technology Information Technology Services

Revenue
+322.4%
EPS
−1,071.4%
Free cash flow
−506.7%
Total debt
+828.1%

Quarter to August 2026, against a year earlier

15.52 1.35 +9.53%
Market cap
$4.3B
P/E
0.0×
Fwd P/E
−13.0×
Dividend yield
—
F-score
5/9
Altman Z
1.26
Beneish M
0.53
Dividend safety
n/a

Applied Digital Corporation (APLD) Gross margin

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Applied Digital Corporation's gross margin over the twelve months to 31 August 2026 was 21.6%, down 4.2 percentage points from fiscal 2026 (25.8%). Over the past ten years it has ranged from −11.2% (fiscal 2022) to 25.8% (fiscal 2026) — the current reading is the highest in ten years. That is below the Information Technology Services industry median of 30.0% and below the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2026 25.8% 20.62
FY2025 5.17% (5.24)
FY2024 10.4% (9.46)
FY2023 19.9% 31.06
FY2022 −11.2% (11.19)
FY2021 0.00% —

Quarterly newest first

Period Gross margin Change (points)
Aug 2026 15.3% (4.86)
May 2026 20.2% (22.33)
Feb 2026 42.5% 21.92
Nov 2025 20.6% (6.57)
17 more quarters

Against its own ten years

Low −11.2% High 25.8%
Ten-year median 7.79%
Current reading's percentile 78

Gross margin against peers

Company Gross margin
EXLS ExlService Holdings, Inc. compare 38.4%
G Genpact Limited compare 36.9%
GDS GDS Holdings compare 24.9%
KD Kyndryl Holdings, Inc. compare 22.3%
PSN Parsons Corporation compare 22.2%
APLD Applied Digital Corporation 21.6%
SAIC Science Applications International Corporation compare 12.7%
INGM Ingram Micro Holding Corporation compare 6.57%
MAAS Maase Inc. - Sponsored ADR compare 0.00%
Information Technology Services industry median 30.0%
Technology sector median 47.1%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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