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

Applied Digital (APLD) Invested Capital (2021 - 2026)

Applied Digital's (APLD) quarterly Invested Capital came in at $6.7 billion in Q2 2026, up 465.04% on a YoY basis from $1.2 billion in Q2 2025, and up 56.78% quarter-over-quarter from $4.3 billion in Q1 2026.

Analysis

Applied Digital (APLD) Invested Capital (2021 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Invested Capital for 6 consecutive years, with $6.7 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Invested Capital rose 465.04% year-over-year to $6.7 billion; the trailing twelve-month figure through May 2026 stood at $6.7 billion (up 465.04% YoY), and the FY2026 full-year result was $6.7 billion, up 465.04% from the prior year.
  • Invested Capital climbed to $6.7 billion in Q2 2026 per APLD's latest filing, from $4.3 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $6.7 billion in Q2 2026 and bottomed at -$8.6 million in Q1 2022.
  • Historically, Invested Capital has averaged $1.2 billion across 5 years, with a median of $219.3 million in 2023.
  • The sharpest annual moves came in 2022 and 2023: Invested Capital jumped 19400.22% in 2022, then jumped 30.56% in 2023.
  • Over 5 years, Invested Capital stood at $92.5 million in 2022, then soared by 114.6% to $198.4 million in 2023, then jumped by 358.26% to $909.4 million in 2024, then soared by 346.05% to $4.1 billion in 2025, then soared by 65.19% to $6.7 billion in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $6.7 billion, $4.3 billion, and $4.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 34.07 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn 4.36 Bn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn 6.20 Bn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn 6.70 Bn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn 8.45 Bn
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn 3.69 Bn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn 3.23 Bn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn 801.51 Mn
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn 402.28 Mn
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn 16.74 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 6.70 Bn
Feb 28, 2026 4.27 Bn
Nov 30, 2025 4.06 Bn
Aug 31, 2025 1.73 Bn
May 31, 2025 1.19 Bn
Feb 28, 2025 1.14 Bn
Nov 30, 2024 909.36 Mn
Aug 31, 2024 378.54 Mn
May 31, 2024 240.14 Mn
Feb 29, 2024 162.66 Mn
Nov 30, 2023 198.44 Mn
Aug 31, 2023 171.99 Mn
May 31, 2023 112.89 Mn
Feb 28, 2023 95.11 Mn
Nov 30, 2022 92.47 Mn
Aug 31, 2022 91.60 Mn
May 31, 2022 86.47 Mn
Feb 28, 2022 -8.61 Mn
May 31, 2021 -448,000.00