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

Applied Digital (APLD) posted Accumulated Expenses of $377.0 million for Q1 2026, up 81.72% on a QoQ basis from $207.5 million in Q4 2025, and up 1856.53% year-over-year from $19.3 million in Q1 2025.

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

Applied Digital's Accumulated Expenses history runs 4 years deep, the most recent figure standing at $377.0 million for Q1 2026.

  • Quarterly Accumulated Expenses rose 1856.53% year-over-year to $377.0 million in Q1 2026, while the trailing twelve-month figure through Feb 2026 was $377.0 million (up 1856.53% YoY) and the FY2025 annual result came in at $30.1 million, up 21.94% from the prior year.
  • Accumulated Expenses was $377.0 million for Q1 2026 at Applied Digital, up from $207.5 million in the prior quarter.
  • Across five years, Accumulated Expenses topped out at $377.0 million in Q1 2026 and bottomed at $10.0 million in Q2 2023.
  • A 4-year average of $80.1 million and a median of $27.1 million in 2024 frame the typical range for Accumulated Expenses.
  • Annual changes were most pronounced in 2025 — Accumulated Expenses sank 30.05% — and 2026, when it jumped 1856.53%.
  • Applied Digital's 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 soared by 81.72% to $377.0 million in 2026.
  • Business Quant data shows APLD's Accumulated Expenses at $377.0 million in Q1 2026, $207.5 million in Q4 2025, and $182.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 International Business Machines 193.88 Bn 178.95 Bn 9.91 Bn
2 Accenture 84.94 Bn 75.26 Bn 6.13 Bn
3 GDS Holdings 50.55 Bn 48.40 Bn 164.04 Mn
4 Infosys 44.05 Bn 44.79 Bn 1.60 Bn
5 Cgi 41.25 Bn 40.60 Bn -
6 Fidelity National Information Services 20.63 Bn 19.87 Bn 1.11 Bn
7 Cognizant Technology Solutions 20.39 Bn 18.87 Bn 1.78 Bn
8 Wipro 18.65 Bn 17.52 Bn 738.00 Mn
9 Broadridge Financial Solutions 16.79 Bn 16.48 Bn 626.90 Mn
10 Applied Digital 8.74 Bn 7.74 Bn 53.81 Mn

Historic Data

Download Data
DateValue
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