Applied Digital APLD
NASDAQ APLD
$24.41 +0.99 (+4.23%)
As of: Sep 16, 2026 · 3:59 PM EDT

Applied Digital (APLD) Free Cash Flow (2021 - 2026)

Applied Digital's (APLD) quarterly Free Cash Flow came in at -$1.2 billion in Q2 2026, down 504.22% on a YoY basis from $286.1 million in Q2 2025, and down 60.58% quarter-over-quarter from -$720.2 million in Q1 2026.

Analysis

Applied Digital (APLD) Free Cash Flow (2021 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Free Cash Flow for 6 consecutive years, with -$1.2 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Free Cash Flow fell 504.22% year-over-year to -$1.2 billion; the trailing twelve-month figure through May 2026 stood at -$2.8 billion (down 248.31% YoY), and the FY2026 full-year result was -$2.8 billion, down 248.31% from the prior year.
  • Free Cash Flow eased to -$1.2 billion in Q2 2026 per APLD's latest filing, from -$720.2 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $256000.0 in Q1 2023 and bottomed at -$1.2 billion in Q2 2026.
  • Historically, Free Cash Flow has averaged -$211.7 million across 5 years, with a median of -$59.7 million in 2023.
  • The sharpest annual moves came in 2022 and 2023: Free Cash Flow plunged 21013.59% in 2022, then soared 101.6% in 2023.
  • Over 5 years, Free Cash Flow stood at -$27.9 million in 2022, then surged by 68.87% to -$8.7 million in 2023, then sank by 1758.29% to -$161.7 million in 2024, then slumped by 251.28% to -$567.9 million in 2025, then tumbled by 103.64% to -$1.2 billion in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$1.2 billion, -$720.2 million, and -$567.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn -511.00 Mn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn -992.27 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn -653.84 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn -1.16 Bn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn 207.99 Mn
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn -583.95 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn 254.27 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn -
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn -
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn -4.34 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 -1.16 Bn
Feb 28, 2026 -720.20 Mn
Nov 30, 2025 -567.92 Mn
Aug 31, 2025 -331.44 Mn
May 31, 2025 -191.41 Mn
Feb 28, 2025 -251.60 Mn
Nov 30, 2024 -161.67 Mn
Aug 31, 2024 -192.33 Mn
May 31, 2024 -88.92 Mn
Feb 29, 2024 -2.33 Mn
Nov 30, 2023 -8.70 Mn
Aug 31, 2023 -28.07 Mn
May 31, 2023 -30.47 Mn
Feb 28, 2023 256,000.00
Nov 30, 2022 -27.95 Mn
Aug 31, 2022 -14.38 Mn
May 31, 2022 -21.75 Mn
Feb 28, 2022 -15.97 Mn
Nov 30, 2021 -1.72 Mn
Aug 31, 2021 -6.26 Mn