APLD
Neutral signalScored 2026-10-22 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
Research, not advice.
À propos
Applied Digital Corp.
- Nom
- Applied Digital Corp.
- Secteur
- Technology
- Industrie
- Information Technology Services
- Bourse
- NASDAQ
- Capitalisation
- $5.6B
- Employés
- 256
- PDG
- Wes Cummins
- Site web
- https://applieddigital.com
- Marché
- AIBCIFRCORZKEELMARARIOT
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
ACHAT TOTAL: 55 803 titres (~1 006 686,12 $ US) VENTE TOTALE: 31 250 titres (~682 500,00 $ US)
- Insiders
- Cummins WesNottenburg Richard N
- Total bought
-
$1,006,686
Avg buy (VWAP, 90d window) $18.73 vs last close $17.83 (-4.8%)
- Total sold
-
$3,018,750
Avg sell (VWAP, 90d window) $28.41 vs last close $17.83 (-37.2%)
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-10-16
- Liquidity
- Liquid $491,542,745/day · 20d vol
- Last synced
-
2026-10-26 21:10:07
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-10-16 | Cummins Wes | Buy · P | 55,803 | $18.04 | $1,006,686 | Form 4 |
| 2026-10-16 | Zhang Jason Gechen | Buy · P | 300,000 | $18.86 | $5,658,000 | Form 4 |
| 2026-10-13 | Nottenburg Richard N | Sell · S | 31,250 | $21.84 | $682,500 | Form 4 |
| 2026-08-04 | Nottenburg Richard N | Sell · S | 75,000 | $31.15 | $2,336,250 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Neutral signalScored 2026-10-22 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
APLD presents a compelling event-driven signal — a high-conviction insider cluster buy exceeding $1M from both CEO and President, reinforced by a strategic wind-powered AI data center partnership with Soluna that…
The first sentence of the analysis written for APLD on 2026-10-22 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Sale value outweighs purchases
- Narrative Unavailable or mixed. Stored narrative reading is in the neutral band
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Timing Pulls against a bullish reading. Close is more than 0.5 ATR under stored support
- Financial indicators Unavailable or mixed. Current ratio 4.01 · operating margin -39% — readings disagree
Suggested stop 15.10, 1.5 ATR under the last close(15.3% under the last close). Reward/risk to the next stored resistance is 2.69. Research, not advice. Not an order.
Recent news
- 2026-10-21 TeraWulf Jumps 8% as CEO Says Power Demand Remains ‘Extremely Strong''; Applied Digital Surges 9%, IREN Climbs 6% Power scarcity has become the defining trade in artificial intelligence (AI) infrastructure stocks, and a pointed message from one data-center developer''s chief executive just gave the whole group a fresh push. TeraWulf (NASDAQ:WULF) stock is at $12.
- 2026-10-21 Here Are Wednesday’s Top Wall Street Analyst Research Calls: Applied Digital, Chipotle Mexican Grill, Cirrus Logic, Costco, Digital Realty Trust, Intuitive Surgical, Netflix, Robinhood Markets, Zscaler, and More Wall Street analysts delivered a flurry of bold calls Wednesday, including a double-downgrade that shocked one cybersecurity giant and a sharp cut on a beloved restaurant chain. Find out which stocks got upgraded, buried, or newly covered before the market opens.
- 2026-10-21 Soluna Agrees to Form Strategic Partnership with Applied Digital to Develop Wind-Powered AI Data Center in Texas /PRNewswire/ -- Soluna Holdings, Inc. (Nasdaq: SLNH) ("Soluna"), a developer of green data centers for intensive computing applications including artificial
- 2026-10-20 Powering Up: Applied Digital Execs Buy $6.7M in Stock Applied Digital TodayAPLDApplied Digital$19.58 +0.33 (+1.74%) As of 12:05 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$17.65▼$50.72Price Target$62.25Add to WatchlistWhen macroeconomic fears trigger an approximate 30% multiple compression in an artificial intelligence (AI) infrastructure asset generating triple-digit revenue growth, the divergence between market sentiment and operating performance deserves attention.
- 2026-10-20 IREN Sinks 6%, Then Recovers After Co-CEO''s No-Debt Reassurance as Neocloud Worries Persist; TeraWulf and Applied Digital Rise 3% A renewed debate over whether specialized AI cloud providers can pay for their buildouts is creating volatility in IREN Limited (NASDAQ:IREN) stock, even after a direct reassurance from its co-CEO. In morning trading, IREN stock declined 6% to $26.
- 2026-10-20 Applied Digital (NASDAQ:APLD) CEO Wes Cummins Buys 55,803 Shares of Company Stock Applied Digital Corporation (NASDAQ: APLD - Get Free Report) CEO Wes Cummins bought 55,803 shares of the company''s stock in a transaction that occurred on Friday, October 16th. The stock was bought at an average price of $18.04 per share, for a total transaction of $1,006,686.12. Following the acquisition, the chief executive officer directly owned 5,874,453
- 2026-10-20 Applied Digital (NASDAQ:APLD) President Jason Gechen Zhang Acquires 300,000 Shares of Company Stock Applied Digital Corporation (NASDAQ: APLD - Get Free Report) President Jason Gechen Zhang acquired 300,000 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were bought at an average cost of $18.86 per share, for a total transaction of $5,658,000.00. Following the completion of the transaction, the president directly owned
- 2026-10-19 Is Applied Digital Stock Stock an Undervalued AI Stock to Buy Right Now? Investors are growing concerned about Applied Digital''s (APLD +6.65%) large cash needs.
- 2026-10-19 Mr. Wonderful''s Test for AI Data Center Stocks: Power, Permits, and Tenants Artificial intelligence (AI) infrastructure stocks just learned how quickly spending fears can outrun demand. CoreWeave NASDAQ: CRWV fell about 25% in a matter of days during the recent sell-off, while Applied Digital NASDAQ: APLD and IREN NASDAQ: IREN slid roughly 50% from their summer highs.
- 2026-10-19 APLD''s Interest Costs Surge: Can AI Growth Restore Profitability? Applied Digital''s AI-driven revenues surge 322%, but $6.4 billion in debt and an 866% jump in interest expense cloud profitability.
Market snapshot
Financial ratios
| Metric | Trend | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 25.8% | 5.2% | 21.9% | 19.9% | -156.1% | |
| Ebit Margin | -24.9% | -85.6% | -40.7% | -79.7% | -255.4% | |
| Ebitda Margin | -13.8% | -42.8% | 17.4% | -66.6% | -242.3% | |
| Operating Profit Margin | -38.7% | -31.6% | -11.0% | -79.5% | -244.4% | |
| Pretax Profit Margin | -29.7% | -101.0% | -54.4% | -83.3% | -256.7% | |
| Continuous Operations Profit Margin | -30.0% | -101.1% | -54.4% | -82.3% | -263.0% | |
| Net Profit Margin | -39.9% | -101.1% | -109.3% | -80.6% | -275.1% | |
| Bottom Line Profit Margin | -40.9% | -102.2% | -109.3% | -80.6% | -275.1% | |
| Current Ratio | 4.010 | 0.771 | 0.729 | 0.396 | 1.392 | |
| Quick Ratio | 4.010 | 0.771 | 0.729 | 0.396 | 1.392 | |
| Solvency Ratio | -0.029 | -0.108 | -0.110 | -0.192 | -0.550 | |
| Cash Ratio | 1.369 | 0.204 | 0.006 | 0.251 | 1.338 | |
| Price To Earnings Ratio | -52.681 | -5.888 | -3.229 | -17.438 | -11.780 | |
| Price To Earnings Growth Ratio | 2.444 | 0.514 | -0.019 | -1.021 | -0.020 | |
| Forward Price To Earnings Growth Ratio | 2.444 | 0.514 | -0.019 | -1.021 | -0.020 | |
| Price To Earnings Diluted Ratio | -52.681 | -5.888 | -3.229 | -17.438 | -11.780 | |
| Price To Earnings Diluted Growth Ratio | 2.444 | 0.514 | -0.019 | -1.021 | -0.020 | |
| Price To Book Ratio | 7.411 | 2.168 | 3.865 | 13.216 | 3.818 | |
| Price To Sales Ratio | 21.581 | 6.012 | 3.532 | 14.200 | 32.272 | |
| Price To Free Cash Flow Ratio | -4.752 | -1.724 | -3.769 | -10.843 | -4.940 | |
| Price To Operating Cash Flow Ratio | 147.102 | -11.908 | 34.978 | 13.392 | -316.393 | |
| Debt To Assets Ratio | 0.514 | 0.376 | 0.178 | 0.348 | 0.113 | |
| Debt To Equity Ratio | 2.865 | 1.109 | 1.087 | 1.543 | 0.187 | |
| Debt To Capital Ratio | 0.741 | 0.526 | 0.521 | 0.607 | 0.158 | |
| Long Term Debt To Capital Ratio | 0.736 | 0.517 | 0.389 | 0.535 | 0.075 | |
| Financial Leverage Ratio | 5.578 | 2.951 | 6.111 | 4.435 | 1.660 | |
| Working Capital Turnover Ratio | 0.363 | -1.647 | -1.244 | -1.899 | 0.829 | |
| Operating Cash Flow Ratio | 0.077 | -0.207 | 0.025 | 0.509 | -0.030 | |
| Operating Cash Flow Sales Ratio | 0.147 | -0.505 | 0.101 | 1.060 | -0.102 | |
| Free Cash Flow Operating Cash Flow Ratio | -30.954 | 6.906 | -9.280 | -1.235 | 64.044 | |
| Debt Service Coverage Ratio | -1.881 | -2.146 | 0.366 | -3.662 | -14.709 | |
| Interest Coverage Ratio | -8.008 | -2.047 | -0.808 | -22.250 | -186.589 | |
| Short Term Operating Cash Flow Coverage Ratio | 5.461 | -11.170 | 0.300 | 7.388 | -0.654 | |
| Operating Cash Flow Coverage Ratio | 0.018 | -0.164 | 0.102 | 0.640 | -0.064 | |
| Capital Expenditure Coverage Ratio | 0.031 | -0.169 | 0.097 | 0.447 | -0.016 | |
| Dividend Paid And Capex Coverage Ratio | 0.031 | -0.169 | 0.097 | 0.447 | -0.016 | |
| Dividend Payout Ratio | -0.026 | -0.011 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | -197.341 | -20.082 | 25.923 | -23.030 | -12.100 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 25.8% | ▲20.6% | ▲42.5% |
| Ebit Margin | -24.9% | ▲60.8% | ▲72.4% |
| Ebitda Margin | -13.8% | ▲28.9% | ▲55.8% |
| Operating Profit Margin | -38.7% | ▼-7.1% | ▲42.4% |
| Pretax Profit Margin | -29.7% | ▲71.4% | ▲75.3% |
| Continuous Operations Profit Margin | -30.0% | ▲71.1% | ▲76.2% |
| Net Profit Margin | -39.9% | ▲61.2% | ▲81.3% |
| Bottom Line Profit Margin | -40.9% | ▲61.3% | ▲80.7% |
| Current Ratio | 4.010 | ▲3.238 | ▲2.550 |
| Quick Ratio | 4.010 | ▲3.238 | ▲2.550 |
| Solvency Ratio | -0.029 | ▲0.079 | ▲0.169 |
| Cash Ratio | 1.369 | ▲1.165 | ▲0.735 |
| Price To Earnings Ratio | -52.681 | ▼-46.793 | ▼-34.478 |
| Price To Earnings Growth Ratio | 2.444 | ▲1.930 | ▲2.065 |
| Forward Price To Earnings Growth Ratio | 2.444 | ▲1.930 | ▲2.065 |
| Price To Earnings Diluted Ratio | -52.681 | ▼-46.793 | ▼-34.478 |
| Price To Earnings Diluted Growth Ratio | 2.444 | ▲1.930 | ▲2.065 |
| Price To Book Ratio | 7.411 | ▲5.242 | ▲1.315 |
| Price To Sales Ratio | 21.581 | ▲15.569 | ▲6.062 |
| Price To Free Cash Flow Ratio | -4.752 | ▼-3.028 | ▲0.453 |
| Price To Operating Cash Flow Ratio | 147.102 | ▲159.010 | ▲173.668 |
| Debt To Assets Ratio | 0.514 | ▲0.138 | ▲0.208 |
| Debt To Equity Ratio | 2.865 | ▲1.756 | ▲1.506 |
| Debt To Capital Ratio | 0.741 | ▲0.215 | ▲0.231 |
| Long Term Debt To Capital Ratio | 0.736 | ▲0.219 | ▲0.285 |
| Financial Leverage Ratio | 5.577 | ▲2.627 | ▲1.431 |
| Working Capital Turnover Ratio | 0.362 | ▲2.010 | ▲1.082 |
| Operating Cash Flow Ratio | 0.077 | ▲0.284 | ▲0.002 |
| Operating Cash Flow Sales Ratio | 0.147 | ▲0.652 | ▲0.006 |
| Free Cash Flow Operating Cash Flow Ratio | -30.954 | ▼-37.860 | ▼-36.850 |
| Debt Service Coverage Ratio | -1.881 | ▲0.265 | ▲2.525 |
| Interest Coverage Ratio | -8.008 | ▼-5.961 | ▲35.932 |
| Short Term Operating Cash Flow Coverage Ratio | 5.461 | ▲16.632 | ▲5.196 |
| Operating Cash Flow Coverage Ratio | 0.018 | ▲0.182 | ▼-0.088 |
| Capital Expenditure Coverage Ratio | 0.031 | ▲0.201 | ▼-0.047 |
| Dividend Paid And Capex Coverage Ratio | 0.031 | ▲0.200 | ▼-0.047 |
| Dividend Payout Ratio | -0.026 | ▼-0.014 | ▼-0.018 |
| Enterprise Value Multiple | -197.341 | ▼-177.259 | ▼-152.015 |
Key metrics
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Market cap | $13.19B | $1.37B | $482.5M | $786.6M | $275.9M | |
| Enterprise value | $16.70B | $1.96B | $614.9M | $849.4M | $250.6M | |
| EV / Sales | 27.32x | 8.59x | 4.50x | 15.33x | 29.32x | |
| EV / Op. cash flow | 186.22x | -17.01x | 44.58x | 14.46x | -287.43x | |
| EV / Free cash flow | -6.02x | -2.46x | -4.80x | -11.71x | -4.49x | |
| EV / EBITDA | -197.34x | -20.08x | 25.92x | -23.03x | -12.10x | |
| Net debt / EBITDA | -41.45x | -6.03x | 5.58x | -1.70x | 1.22x | |
| Current ratio | 4.01x | 0.77x | 0.73x | 0.40x | 1.39x | |
| Income quality | -0.49x | 0.50x | -0.09x | -1.29x | 0.04x | |
| Graham net-net | -$17 | -$6 | -$6 | -$2 | -$0 | |
| Tax burden | 134.4% | 100.0% | 201.0% | 96.8% | 107.2% | |
| Interest burden | 119.4% | 118.0% | 133.5% | 104.5% | 100.5% | |
| Working capital | $3.50B | -$127.6M | -$150.0M | -$69.7M | $11.4M | |
| Invested capital | $7.94B | $1.17B | $189.4M | $141.5M | $82.0M | |
| Return on assets | -2.5% | -12.4% | -19.6% | -16.9% | -19.6% | |
| Operating ROA | -4.0% | -5.5% | -2.9% | -22.9% | -31.0% | |
| Return on tangible assets | -2.5% | -12.4% | -19.6% | -16.9% | -19.6% | |
| Return on equity | -13.7% | -36.5% | -119.6% | -75.0% | -32.5% | |
| Return on invested capital | -2.7% | -5.4% | -5.8% | -26.8% | -22.4% | |
| Return on capital employed | -2.7% | -5.5% | -7.2% | -29.7% | -23.0% | |
| Earnings yield | -1.8% | -16.8% | -30.9% | -5.7% | -8.5% | |
| Free cash flow yield | -21.0% | -58.0% | -26.5% | -9.2% | -20.2% | |
| Capex / Op. cash flow | 3195.4% | -590.6% | 1028.0% | 223.5% | -6304.4% | |
| Capex / Depreciation | 4252.7% | 695.9% | 178.7% | 1806.5% | 4908.4% | |
| Capex / Sales | 468.8% | 298.2% | 103.8% | 237.0% | 643.0% | |
| SG&A / Sales | 54.3% | 47.2% | 33.0% | 99.4% | 88.4% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 36.0% | 9.9% | 12.7% | 57.9% | 144.3% | |
| Intangibles / Total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Days sales outstanding | 34d | 5d | 10d | 1d | 10d | |
| Days payables outstanding | 318d | 417d | 358d | 53d | 221d | |
| Operating cycle | 34d | 5d | 10d | 1d | 10d | |
| Cash conversion cycle | -285d | -412d | -347d | -52d | -211d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years