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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |