About Applied Digital Corporation
https://applieddigital.comApplied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America. It operates through three segments: Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business.

CEO
Wesley Cummins
Compensation Summary
(Year 2025)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2022-04-13 | Reverse | 1:6 |
| 2003-12-31 | Reverse | 1:3 |
ETFs Holding This Stock
Summary
Showing Top 3 of 150
Ratings Snapshot
Rating : D+
Most Recent Analyst Grades

Lake Street
Buy

Needham
Buy

Craig-Hallum
Buy

HC Wainwright & Co.
Buy

Roth Capital
Buy

Compass Point
Buy
Grade Summary
Showing Top 6 of 10
Price Target
Institutional Ownership

HOOD RIVER CAPITAL MANAGEMENT LLC
Shares:21.05M
Value:$759.78M

BLACKROCK, INC.
Shares:18.51M
Value:$668.2M

VANGUARD GROUP INC
Shares:17.72M
Value:$639.77M
Summary
Showing Top 3 of 387
About Applied Digital Corporation
https://applieddigital.comApplied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America. It operates through three segments: Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2026 | $126.59M ▲ | $56.99M ▲ | $-17.51M ▼ | -13.83% ▲ | $-0.07 ▲ | $-6.48M ▲ |
| Q1-2026 | $64.22M ▲ | $27.16M ▼ | $-16.93M ▲ | -26.36% ▲ | $-0.07 ▲ | $-18.14M ▼ |
| Q4-2025 | $38.01M ▼ | $28.1M ▲ | $-52.54M ▼ | -138.21% ▼ | $-0.24 ▼ | $-16.64M ▼ |
| Q3-2025 | $52.92M ▼ | $22.72M ▼ | $-35.55M ▲ | -67.19% ▲ | $-0.16 ▲ | $-7.76M ▲ |
| Q2-2025 | $63.87M | $29.79M | $-138.73M | -217.21% | $-0.66 | $-104.8M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2026 | $1.91B ▲ | $5.23B ▲ | $3.16B ▲ | $1.45B ▲ |
| Q1-2026 | $73.91M ▲ | $2.4B ▲ | $1.35B ▲ | $1.04B ▲ |
| Q4-2025 | $41.55M ▼ | $1.87B ▲ | $1.24B ▲ | $633.73M ▲ |
| Q3-2025 | $68.74M ▼ | $1.71B ▲ | $1.21B ▲ | $497.87M ▲ |
| Q2-2025 | $286.24M | $1.54B | $1.11B | $434.57M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2026 | $-17.51M ▼ | $-15.85M ▲ | $-68.39M ▲ | $2.27B ▲ | $2B ▲ | $-567.91M ▼ |
| Q1-2026 | $-16.93M ▲ | $-82.02M ▼ | $-249.42M ▼ | $322.24M ▲ | $184K ▲ | $-331.44M ▼ |
| Q4-2025 | $-52.54M ▼ | $6.86M ▲ | $-201.98M ▲ | $57.22M ▼ | $-140.3M ▼ | $-191.41M ▲ |
| Q3-2025 | $-35.55M ▲ | $5.9M ▲ | $-258.14M ▼ | $198.89M ▼ | $-53.35M ▼ | $-251.6M ▼ |
| Q2-2025 | $-138.73M | $-52.26M | $-174.93M | $455.22M | $228.02M | $-223.31M |
Revenue by Products
| Product | Q4-2022 | Q3-2022 |
|---|---|---|
Hosting Revenue | $0 ▲ | $0 ▲ |
Mining Segment | $0 ▲ | $0 ▲ |

CEO
Wesley Cummins
Compensation Summary
(Year 2025)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2022-04-13 | Reverse | 1:6 |
| 2003-12-31 | Reverse | 1:3 |
ETFs Holding This Stock
Summary
Showing Top 3 of 150
Ratings Snapshot
Rating : D+
Most Recent Analyst Grades

Lake Street
Buy

Needham
Buy

Craig-Hallum
Buy

HC Wainwright & Co.
Buy

Roth Capital
Buy

Compass Point
Buy
Grade Summary
Showing Top 6 of 10
Price Target
Institutional Ownership

HOOD RIVER CAPITAL MANAGEMENT LLC
Shares:21.05M
Value:$759.78M

BLACKROCK, INC.
Shares:18.51M
Value:$668.2M

VANGUARD GROUP INC
Shares:17.72M
Value:$639.77M
Summary
Showing Top 3 of 387




