Applied Digital (APLD) Current Leases (2022 - 2026)
Applied Digital (APLD) recorded Current Leases of $62.69 million in fiscal Q1 2027 (quarter ended Aug 31, 2026), up 396.0% from $12.64 million a year earlier and up 31.7% from the prior quarter.
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Analysis
Applied Digital (APLD) Current Leases (2022 - 2026) Analysis & Trends
At the end of FY2026 (ended May 31, 2026), Applied Digital reported Current Leases of $47.59 million, down 67.6% from FY2025.
- Annual Current Leases has a four-year compound annual growth rate of 176.6% (FY2022 to FY2026).
- Across earlier fiscal years, Current Leases came in at $147.04 million in FY2025, $5.28 million in FY2024 (-7.7%), $5.72 million in FY2023 (+603.8%) and $813,000 in FY2022.
- Quarterly Current Leases has ranged from $211,000 in fiscal Q3 2022 to $167.63 million in fiscal Q3 2025 over the past five years.
- On a year-over-year basis, Current Leases rose in three of the last seven quarters, with growth averaging 51.1%.
- Peak year-over-year performance for Current Leases in the last five years was growth of 603.8% in fiscal Q4 2023, against a decline of 98.7% in fiscal Q2 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $47.59 million (Q4 2026), $69.25 million (Q3 2026) and $2 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | - |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | - |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | - |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 176.00 Mn |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | - |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | 7.00 Mn |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | - |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | - |
| 10 | Applied Digital | 5.62 Bn | -2.57 Bn | 96.17 Mn | 62.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 62.69 Mn |
| May 31, 2026 | 47.59 Mn |
| Feb 28, 2026 | 69.25 Mn |
| Nov 30, 2025 | 2.00 Mn |
| Aug 31, 2025 | 12.64 Mn |
| May 31, 2025 | 147.04 Mn |
| Feb 28, 2025 | 167.63 Mn |
| Nov 30, 2024 | 159.61 Mn |
| Aug 31, 2024 | 134.47 Mn |
| May 31, 2024 | 5.28 Mn |
| Feb 29, 2024 | 99.46 Mn |
| Nov 30, 2023 | 51.69 Mn |
| Aug 31, 2023 | 25.28 Mn |
| May 31, 2023 | 5.72 Mn |
| Feb 28, 2023 | 4.19 Mn |
| Nov 30, 2022 | 3.66 Mn |
| Aug 31, 2022 | 1.37 Mn |
| May 31, 2022 | 813,000.00 |
| Feb 28, 2022 | 211,000.00 |
API Access
Applied Digital Current Leases 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=current-leases&ticker=APLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-leases", "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=current-leases&ticker=APLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();