Applied Digital (APLD) Capital Expenditures (2021 - 2026)

Applied Digital (APLD) reported Capital Expenditures of $775.2 million for Q1 2026, up 144.07% on a YoY basis from $317.6 million in Q1 2025, and up 15.81% quarter-over-quarter from $669.4 million in Q4 2025.

Applied Digital (APLD) Capital Expenditures (2021 - 2026) Analysis & Trends

Applied Digital has reported Capital Expenditures for 6 years, with the latest figure at $775.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Capital Expenditures rose 144.07% year-over-year to $775.2 million; the trailing twelve-month figure through Feb 2026 stood at $1.3 billion (up 176.87% YoY), and the FY2025 full-year result was $246.5 million, up 189.9% from the prior year.
  • Capital Expenditures for Q1 2026 stood at $775.2 million, up from $669.4 million in the prior quarter.
  • The five-year high for Capital Expenditures was $775.2 million in Q1 2026, with the low at -$236.9 million in Q2 2025.
  • Historically, Capital Expenditures has averaged $123.2 million across 5 years, with a median of $38.6 million in 2022.
  • Annual changes were most pronounced in 2022 — Capital Expenditures jumped 8233.05% — and 2025, when it sank 40798.97%.
  • Applied Digital's Capital Expenditures stood at $38.6 million in 2022, then tumbled by 56.4% to $16.8 million in 2023, then soared by 558.57% to $110.9 million in 2024, then surged by 503.46% to $669.4 million in 2025, then increased by 15.81% to $775.2 million in 2026.
  • The last three Capital Expenditures figures came in at $775.2 million (Q1 2026), $669.4 million (Q4 2025), and $132.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Infosys 250,975,992.28 Bn 250,975,991.00 Bn 1.56 Bn -
2 International Business Machines 267.32 Bn 252.39 Bn 8.95 Bn 232.00 Mn
3 Wipro 138.60 Bn 137.44 Bn 751.00 Mn -
4 Accenture 109.98 Bn 101.66 Bn 16.30 Bn 149.69 Mn
5 Cognizant Technology Solutions 25.38 Bn 23.86 Bn 1.78 Bn 76.00 Mn
6 Fidelity National Information Services 21.09 Bn 20.34 Bn 1.11 Bn 211.00 Mn
7 Broadridge Financial Solutions 17.60 Bn 17.30 Bn 626.90 Mn 40.80 Mn
8 Cdw 17.16 Bn 16.58 Bn 1.19 Bn 26.40 Mn
9 Leidos Holdings 15.68 Bn 15.27 Bn 761.00 Mn 31.00 Mn
10 Applied Digital 11.17 Bn 10.17 Bn 53.81 Mn 775.21 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 775.21 Mn
Feb 28, 2026 775.21 Mn
Nov 30, 2025 669.38 Mn
Nov 30, 2025 669.38 Mn
Aug 31, 2025 132.11 Mn
Aug 31, 2025 132.11 Mn
May 31, 2025 -236.87 Mn
May 31, 2025 -236.87 Mn
Feb 28, 2025 317.62 Mn
Feb 28, 2025 317.62 Mn
Nov 30, 2024 110.92 Mn
Nov 30, 2024 110.92 Mn
Aug 31, 2024 54.80 Mn
Aug 31, 2024 54.80 Mn
May 31, 2024 582,000.00
May 31, 2024 582,000.00
Feb 29, 2024 60.87 Mn
Feb 29, 2024 60.87 Mn
Nov 30, 2023 16.84 Mn
Nov 30, 2023 16.84 Mn