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

Applied Digital (APLD) posted Capital Expenditures of $1.4 billion for Q1 2026, up 2011.69% on a QoQ basis from -$73.3 million in Q4 2025, and up 340.95% year-over-year from $317.6 million in Q1 2025.

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

Applied Digital's Capital Expenditures history runs 6 years deep, the most recent figure standing at $1.4 billion for Q1 2026.

  • Quarterly Capital Expenditures rose 340.95% year-over-year to $1.4 billion in Q1 2026, while the trailing twelve-month figure through Feb 2026 was $1.3 billion (up 154.11% YoY) and the FY2025 annual result came in at $246.5 million, up 189.9% from the prior year.
  • Capital Expenditures was $1.4 billion for Q1 2026 at Applied Digital, up from -$73.3 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $1.4 billion in Q1 2026 and bottomed at -$236.9 million in Q2 2025.
  • A 5-year average of $119.9 million and a median of $30.1 million in 2022 frame the typical range for Capital Expenditures.
  • Annual changes were most pronounced in 2022 — Capital Expenditures soared 13142.74% — and 2025, when it plunged 639.33%.
  • Applied Digital's Capital Expenditures stood at $62.0 million in 2022, then plunged by 78.63% to $13.2 million in 2023, then soared by 737.98% to $110.9 million in 2024, then plunged by 166.05% to -$73.3 million in 2025, then soared by 2011.69% to $1.4 billion in 2026.
  • Business Quant data shows APLD's Capital Expenditures at $1.4 billion in Q1 2026, -$73.3 million in Q4 2025, and $249.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 International Business Machines 193.88 Bn 178.95 Bn 9.91 Bn 229.00 Mn
2 Accenture 84.94 Bn 75.26 Bn 6.13 Bn 186.22 Mn
3 GDS Holdings 50.55 Bn 48.40 Bn 164.04 Mn -111.63 Mn
4 Infosys 44.05 Bn 44.79 Bn 1.60 Bn -
5 Cgi 41.25 Bn 40.60 Bn - -23.08 Mn
6 Fidelity National Information Services 20.63 Bn 19.87 Bn 1.11 Bn 50.00 Mn
7 Cognizant Technology Solutions 20.39 Bn 18.87 Bn 1.78 Bn 76.00 Mn
8 Wipro 18.65 Bn 17.52 Bn 738.00 Mn -35.69 Mn
9 Broadridge Financial Solutions 16.79 Bn 16.48 Bn 626.90 Mn 8.10 Mn
10 Applied Digital 8.74 Bn 7.74 Bn 53.81 Mn 1.40 Bn

Historic Data

Download Data
DateValue
Feb 28, 2026 1.40 Bn
Feb 28, 2026 1.40 Bn
Nov 30, 2025 -73.26 Mn
Nov 30, 2025 -73.26 Mn
Aug 31, 2025 249.42 Mn
Aug 31, 2025 249.42 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 43.92 Mn
May 31, 2024 43.92 Mn
Feb 29, 2024 -4.73 Mn
Feb 29, 2024 -4.73 Mn
Nov 30, 2023 13.24 Mn
Nov 30, 2023 13.24 Mn