Applied Digital (APLD) Enterprise Value (2021 - 2026)
Applied Digital's (APLD) quarterly Enterprise Value came in at $11.6 billion in Q2 2026, up 716.62% on a YoY basis from $1.4 billion in Q2 2025, and up 71.09% quarter-over-quarter from $6.8 billion in Q1 2026.
Analysis
Applied Digital (APLD) Enterprise Value (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Enterprise Value for 6 consecutive years, with $11.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Enterprise Value rose 716.62% year-over-year to $11.6 billion; the trailing twelve-month figure through May 2026 stood at $11.6 billion (up 716.62% YoY), and the FY2026 full-year result was $11.6 billion, up 716.62% from the prior year.
- Enterprise Value rose to $11.6 billion in Q2 2026 per APLD's latest filing, from $6.8 billion in the prior quarter.
- Across five years, Enterprise Value topped out at $11.6 billion in Q2 2026 and bottomed at $173.6 million in Q4 2022.
- Historically, Enterprise Value has averaged $2.1 billion across 5 years, with a median of $599.2 million in 2022.
- The widest YoY moves for Enterprise Value: up 8845.38% in 2022, down 82.27% in 2022.
- Over 5 years, Enterprise Value stood at $173.6 million in 2022, then surged by 196.84% to $515.2 million in 2023, then jumped by 264.85% to $1.9 billion in 2024, then soared by 217.17% to $6.0 billion in 2025, then soared by 94.49% to $11.6 billion in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered $11.6 billion, $6.8 billion, and $6.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 11.59 Bn |
| Feb 28, 2026 | 6.78 Bn |
| Nov 30, 2025 | 5.96 Bn |
| Aug 31, 2025 | 4.23 Bn |
| May 31, 2025 | 1.42 Bn |
| Feb 28, 2025 | 1.72 Bn |
| Nov 30, 2024 | 1.88 Bn |
| Aug 31, 2024 | 495.09 Mn |
| May 31, 2024 | 478.75 Mn |
| Feb 29, 2024 | 474.05 Mn |
| Nov 30, 2023 | 515.18 Mn |
| Aug 31, 2023 | 608.12 Mn |
| May 31, 2023 | 769.49 Mn |
| Feb 28, 2023 | 237.97 Mn |
| Nov 30, 2022 | 173.56 Mn |
| Aug 31, 2022 | 187.79 Mn |
| May 31, 2022 | 242.62 Mn |
| Feb 28, 2022 | 590.36 Mn |
| Nov 30, 2021 | 979.14 Mn |
| Aug 31, 2021 | 454.85 Mn |