Applied Digital APLD
NASDAQ APLD
$24.41 +0.99 (+4.23%)
As of: Sep 16, 2026 · 3:59 PM EDT

Applied Digital (APLD) Accumulated Expenses (2023 - 2026)

Applied Digital's (APLD) quarterly Accumulated Expenses came in at $548.5 million in Q2 2026, up 1720.97% on a YoY basis from $30.1 million in Q2 2025, and up 45.49% quarter-over-quarter from $377.0 million in Q1 2026.

Analysis

Applied Digital (APLD) Accumulated Expenses (2023 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Accumulated Expenses for 4 consecutive years, with $548.5 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Accumulated Expenses rose 1720.97% year-over-year to $548.5 million; the trailing twelve-month figure through May 2026 stood at $548.5 million (up 1720.97% YoY), and the FY2026 full-year result was $548.5 million, up 1720.97% from the prior year.
  • Accumulated Expenses improved to $548.5 million in Q2 2026 per APLD's latest filing, from $377.0 million in the prior quarter.
  • Across five years, Accumulated Expenses topped out at $548.5 million in Q2 2026 and bottomed at $10.0 million in Q2 2023.
  • Historically, Accumulated Expenses has averaged $116.1 million across 4 years, with a median of $27.5 million in 2024.
  • The sharpest annual moves came in 2025 and 2026: Accumulated Expenses tumbled 30.05% in 2025, then surged 1856.53% in 2026.
  • Over 4 years, Accumulated Expenses stood at $10.5 million in 2023, then surged by 200.1% to $31.6 million in 2024, then surged by 555.98% to $207.5 million in 2025, then jumped by 164.39% to $548.5 million in 2026.
  • According to Business Quant data, Accumulated Expenses over the past three periods registered $548.5 million, $377.0 million, and $207.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 548.49 Mn
Feb 28, 2026 376.99 Mn
Nov 30, 2025 207.45 Mn
Aug 31, 2025 182.95 Mn
May 31, 2025 30.12 Mn
Feb 28, 2025 19.27 Mn
Nov 30, 2024 31.63 Mn
Aug 31, 2024 26.72 Mn
May 31, 2024 24.70 Mn
Feb 29, 2024 27.55 Mn
Nov 30, 2023 10.54 Mn
Aug 31, 2023 12.74 Mn
May 31, 2023 9.96 Mn