Applied Digital (APLD) Debt to Equity (2022 - 2026)

Applied Digital has reported Debt to Equity for 5 years, with the latest figure at $1.64 in Q1 2026.

• For the quarter ending Q1 2026, Debt to Equity rose 9.87% year-over-year to $1.64; the trailing twelve-month figure through Feb 2026 stood at $1.64 (up 9.87% YoY), and the FY2025 full-year result was $1.36, up 113.93% from the prior year.
• Debt to Equity for Q1 2026 stood at $1.64, down from $1.79 in the prior quarter.
• The five-year high for Debt to Equity was $1.79 in Q4 2025, with the low at $0.12 in Q3 2024.
• Historically, Debt to Equity has averaged $0.74 across 5 years, with a median of $0.48 in 2023.
• Annual changes were most pronounced in 2024 — Debt to Equity sank 52.08% — and 2025, when it jumped 1079.7%.
• Applied Digital's Debt to Equity stood at $0.23 in 2022, then jumped by 109.54% to $0.48 in 2023, then surged by 125.99% to $1.08 in 2024, then surged by 66.08% to $1.79 in 2025, then declined by 8.3% to $1.64 in 2026.
• The last three Debt to Equity figures came in at $1.64 (Q1 2026), $1.79 (Q4 2025), and $0.29 (Q3 2025), per Business Quant data.