Applied Digital (APLD) EBT (2021 - 2026)
Applied Digital's (APLD) quarterly EBT came in at -$79.6 million in Q2 2026, down 51.51% on a YoY basis from -$164.2 million in Q2 2025, and down 12.84% quarter-over-quarter from -$70.6 million in Q1 2026.
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Applied Digital (APLD) EBT (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported EBT for 6 consecutive years, with -$79.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT fell 51.51% year-over-year to -$79.6 million; the trailing twelve-month figure through May 2026 stood at -$203.0 million (down 1.26% YoY), and the FY2026 full-year result was -$181.5 million, up 21.4% from the prior year.
- EBT retreated to -$79.6 million in Q2 2026 per APLD's latest filing, from -$70.6 million in the prior quarter.
- Across five years, EBT topped out at $15.9 million in Q3 2024 and bottomed at -$128.4 million in Q4 2024.
- Historically, EBT has averaged -$33.6 million across 5 years, with a median of -$26.4 million in 2025.
- The sharpest annual moves came in 2022 and 2024: EBT sank 1897.2% in 2022, then jumped 234.23% in 2024.
- Over 5 years, EBT stood at -$27.1 million in 2022, then surged by 61.09% to -$10.5 million in 2023, then tumbled by 1119.13% to -$128.4 million in 2024, then surged by 79.32% to -$26.5 million in 2025, then tumbled by 199.91% to -$79.6 million in 2026.
- According to Business Quant data, EBT over the past three periods registered -$79.6 million, -$70.6 million, and -$26.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | 523.00 Mn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | -929.74 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | -79.62 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | -267.16 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 118.37 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | -1.15 Bn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | 5.50 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | 12.53 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | -15.73 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -9.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -79.62 Mn |
| Feb 28, 2026 | -70.56 Mn |
| Nov 30, 2025 | -26.55 Mn |
| Aug 31, 2025 | -26.24 Mn |
| May 31, 2025 | -52.55 Mn |
| Feb 28, 2025 | -35.44 Mn |
| Nov 30, 2024 | -128.36 Mn |
| Aug 31, 2024 | 15.91 Mn |
| May 31, 2024 | -64.35 Mn |
| Feb 29, 2024 | -62.84 Mn |
| Nov 30, 2023 | -10.53 Mn |
| Aug 31, 2023 | -11.85 Mn |
| May 31, 2023 | -5.98 Mn |
| Feb 28, 2023 | -7.34 Mn |
| Nov 30, 2022 | -27.06 Mn |
| Aug 31, 2022 | -4.63 Mn |
| May 31, 2022 | -4.38 Mn |
| Feb 28, 2022 | -2.34 Mn |
| Nov 30, 2021 | -1.36 Mn |
| Aug 31, 2021 | -14.34 Mn |