Applied Digital (APLD) Free Cash Flow (2021 - 2026)
Applied Digital (APLD) reported Free Cash Flow of -$720.2 million for Q1 2026, down 131.04% on a YoY basis from $2.3 billion in Q1 2025, and down 5.1% quarter-over-quarter from -$685.2 million in Q4 2025.
Applied Digital (APLD) Free Cash Flow (2021 - 2026) Analysis & Trends
Applied Digital has reported Free Cash Flow for 6 years, with the latest figure at -$720.2 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 131.04% year-over-year to -$720.2 million; the trailing twelve-month figure through Feb 2026 stood at -$1.4 billion (down 115.74% YoY), and the FY2025 full-year result was -$361.9 million, down 408.07% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$720.2 million, down from -$685.2 million in the prior quarter.
- The five-year high for Free Cash Flow was $243.7 million in Q2 2025, with the low at -$720.2 million in Q1 2026.
- Historically, Free Cash Flow has averaged -$128.4 million across 5 years, with a median of -$30.5 million in 2023.
- Annual changes were most pronounced in 2022 — Free Cash Flow sank 57632.53% — and 2025, when it soared 858.65%.
- Applied Digital's Free Cash Flow stood at -$27.9 million in 2022, then jumped by 55.97% to -$12.3 million in 2023, then plunged by 1226.08% to -$163.2 million in 2024, then plunged by 319.9% to -$685.2 million in 2025, then decreased by 5.1% to -$720.2 million in 2026.
- The last three Free Cash Flow figures came in at -$720.2 million (Q1 2026), -$685.2 million (Q4 2025), and -$214.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | - |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 4.94 Bn |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | 347.11 Mn |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 3.67 Bn |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 198.00 Mn |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 502.00 Mn |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 260.30 Mn |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 248.40 Mn |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 270.00 Mn |
| 10 | Applied Digital | 11.17 Bn | 10.17 Bn | 53.81 Mn | -720.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | -720.20 Mn |
| Feb 28, 2026 | -720.20 Mn |
| Nov 30, 2025 | -685.22 Mn |
| Nov 30, 2025 | -685.22 Mn |
| Aug 31, 2025 | -214.14 Mn |
| Aug 31, 2025 | -214.14 Mn |
| May 31, 2025 | 243.72 Mn |
| May 31, 2025 | 243.72 Mn |
| Feb 28, 2025 | -311.72 Mn |
| Feb 28, 2025 | -311.72 Mn |
| Nov 30, 2024 | -163.19 Mn |
| Nov 30, 2024 | -163.19 Mn |
| Aug 31, 2024 | -130.69 Mn |
| Aug 31, 2024 | -130.69 Mn |
| May 31, 2024 | -32.13 Mn |
| May 31, 2024 | -32.13 Mn |
| Feb 29, 2024 | -24.58 Mn |
| Feb 29, 2024 | -24.58 Mn |
| Nov 30, 2023 | -12.31 Mn |
| Nov 30, 2023 | -12.31 Mn |