Applied Digital (APLD) EV to CFO (2021 - 2026)
Applied Digital's (APLD) quarterly EV to CFO came in at 87.48 in Q2 2026, down 57.77% on a YoY basis from 207.12 in Q2 2025, and down 28.99% quarter-over-quarter from 123.19 in Q1 2026.
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Applied Digital (APLD) EV to CFO (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported EV to CFO for 6 consecutive years, with 87.48 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO fell 57.77% year-over-year to 87.48; the trailing twelve-month figure through May 2026 stood at 129.28 (up 1150.78% YoY), and the FY2026 full-year result was 129.28, up 1150.78% from the prior year.
- EV to CFO retreated to 87.48 in Q2 2026 per APLD's latest filing, from 123.19 in the prior quarter.
- Across five years, EV to CFO topped out at 311.7 in Q1 2022 and bottomed at 376.24 in Q4 2025.
- Historically, EV to CFO has averaged 58.3 across 5 years, with a median of 32.16 in 2022.
- The widest YoY moves for EV to CFO: up 2137.51% in 2025, down 946.16% in 2025.
- Over 5 years, EV to CFO stood at 16.24 in 2022, then surged by 599.07% to 113.55 in 2023, then sank by 131.67% to 35.96 in 2024, then tumbled by 946.16% to 376.24 in 2025, then jumped by 123.25% to 87.48 in 2026.
- According to Business Quant data, EV to CFO over the past three periods registered 87.48, 123.19, and 376.24 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 | 87.48 |
| Feb 28, 2026 | 123.19 |
| Nov 30, 2025 | -376.24 |
| Aug 31, 2025 | -51.56 |
| May 31, 2025 | 207.12 |
| Feb 28, 2025 | 292.33 |
| Nov 30, 2024 | -35.96 |
| Aug 31, 2024 | -6.52 |
| May 31, 2024 | -15.18 |
| Feb 29, 2024 | 13.07 |
| Nov 30, 2023 | 113.55 |
| Aug 31, 2023 | 134.63 |
| May 31, 2023 | 167.61 |
| Feb 28, 2023 | 9.09 |
| Nov 30, 2022 | 16.24 |
| Aug 31, 2022 | 10.86 |
| May 31, 2022 | 48.07 |
| Feb 28, 2022 | 311.70 |
| Nov 30, 2021 | 232.91 |
| Aug 31, 2021 | -243.23 |