Applied Digital (APLD) Asset Utilization Ratio (2022 - 2026)
Applied Digital's (APLD) Asset Utilization Ratio came in at 0.08 for fiscal Q1 2027 (quarter ended Aug 31, 2026), down 23.8% from 0.10 a year earlier but up 7.7% from the prior quarter.
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Analysis
Applied Digital (APLD) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Applied Digital's Asset Utilization Ratio stood at 0.10, down 40.3% from FY2025.
- In prior fiscal years, Applied Digital's Asset Utilization Ratio was 0.17 in FY2025 (-46.2%), 0.32 in FY2024 (+11.8%), 0.29 in FY2023 (+127.9%) and 0.13 in FY2022.
- Quarterly Asset Utilization Ratio has run from a low of 0.07 in fiscal Q3 2026 to a high of 0.28 in fiscal Q1 2024 over five years.
- On a year-over-year basis, Asset Utilization Ratio has declined in each of the last nine quarters, with an average decline of 42.3% over the last eight quarters.
- The strongest year-over-year quarter for Asset Utilization Ratio in the past five years was fiscal Q4 2023, with growth of 152.1%; the weakest was fiscal Q3 2025, with a decline of 59.7%.
- According to Business Quant data, Asset Utilization Ratio for the three prior fiscal quarters was 0.07 (Q4 2026), 0.07 (Q3 2026) and 0.08 (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 0.46 |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 0.45 |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | 0.40 |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 0.24 |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | 0.05 |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | 0.11 |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | 1.10 |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | 0.67 |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 0.63 |
| 10 | Applied Digital | 5.62 Bn | -2.57 Bn | 96.17 Mn | 0.08 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 0.08 |
| May 31, 2026 | 0.07 |
| Feb 28, 2026 | 0.07 |
| Nov 30, 2025 | 0.08 |
| Aug 31, 2025 | 0.10 |
| May 31, 2025 | 0.10 |
| Feb 28, 2025 | 0.10 |
| Nov 30, 2024 | 0.13 |
| Aug 31, 2024 | 0.19 |
| May 31, 2024 | 0.24 |
| Feb 29, 2024 | 0.26 |
| Nov 30, 2023 | 0.28 |
| Aug 31, 2023 | 0.28 |
| May 31, 2023 | 0.23 |
| Feb 28, 2023 | 0.22 |
| Nov 30, 2022 | 0.18 |
| Aug 31, 2022 | 0.12 |
| May 31, 2022 | 0.09 |
API Access
Applied Digital Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=APLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "APLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=APLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();