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
DateValue
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