Applied Digital (APLD) Common Equity (2021 - 2026)
Applied Digital's (APLD) quarterly Common Equity came in at $1.7 billion in Q2 2026, up 246.5% on a YoY basis from $497.7 million in Q2 2025, and up 9.06% quarter-over-quarter from $1.6 billion in Q1 2026.
Analysis
Applied Digital (APLD) Common Equity (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Common Equity for 6 consecutive years, with $1.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Common Equity rose 246.5% year-over-year to $1.7 billion; the trailing twelve-month figure through May 2026 stood at $1.7 billion (up 246.5% YoY), and the FY2026 full-year result was $1.7 billion, up 246.5% from the prior year.
- Common Equity rose to $1.7 billion in Q2 2026 per APLD's latest filing, from $1.6 billion in the prior quarter.
- Across five years, Common Equity topped out at $1.7 billion in Q2 2026 and bottomed at -$8.6 million in Q1 2022.
- Historically, Common Equity has averaged $462.0 million across 5 years, with a median of $141.8 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Common Equity jumped 10353.47% in 2022, then fell 12.06% in 2023.
- Over 5 years, Common Equity stood at $72.0 million in 2022, then surged by 116.28% to $155.7 million in 2023, then jumped by 179.18% to $434.6 million in 2024, then soared by 233.58% to $1.4 billion in 2025, then grew by 18.96% to $1.7 billion in 2026.
- According to Business Quant data, Common Equity over the past three periods registered $1.7 billion, $1.6 billion, and $1.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | 14.38 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | 147.53 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | 1.72 Bn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | 562.10 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 4.45 Bn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | -2.42 Bn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | 706.38 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | 201.32 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | 337.39 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -57.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 1.72 Bn |
| Feb 28, 2026 | 1.58 Bn |
| Nov 30, 2025 | 1.45 Bn |
| Aug 31, 2025 | 1.04 Bn |
| May 31, 2025 | 497.69 Mn |
| Feb 28, 2025 | 454.65 Mn |
| Nov 30, 2024 | 434.57 Mn |
| Aug 31, 2024 | 241.85 Mn |
| May 31, 2024 | 124.83 Mn |
| Feb 29, 2024 | 118.49 Mn |
| Nov 30, 2023 | 155.66 Mn |
| Aug 31, 2023 | 127.95 Mn |
| May 31, 2023 | 69.68 Mn |
| Feb 28, 2023 | 71.40 Mn |
| Nov 30, 2022 | 71.97 Mn |
| Aug 31, 2022 | 76.90 Mn |
| May 31, 2022 | 79.24 Mn |
| Feb 28, 2022 | -8.61 Mn |
| Nov 30, 2021 | -922,000.00 |
| Aug 31, 2021 | -750,000.00 |