Applied Digital (APLD) Invested Capital (2023 - 2026)
Applied Digital's (APLD) quarterly Invested Capital came in at $58.3 million in Q2 2026, up 327.29% YoY from $13.6 million in Q2 2025, and down 18.61% on a QoQ basis from $71.7 million in Q1 2026.
Applied Digital (APLD) Invested Capital (2023 - 2026) Analysis & Trends
Applied Digital (APLD) has 4 years of Invested Capital data on file, last reported at $58.3 million in Q2 2026.
- Quarterly Invested Capital rose 327.29% year-over-year to $58.3 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $143.3 million (down 73.5% YoY) and the FY2026 annual result came in at $58.3 million, up 327.29% from the prior year.
- Invested Capital eased to $58.3 million in Q2 2026, from $71.7 million in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $198.9 million in Q4 2024 to a low of $1.4 million in Q4 2025.
- A 4-year average of $94.5 million and a median of $75.6 million in 2023 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2025 — Invested Capital slumped 99.31% — and 2026, when it surged 327.29%.
- Tracing APLD's Invested Capital over 4 years: stood at $79.6 million in 2023, then surged by 150.03% to $198.9 million in 2024, then tumbled by 99.31% to $1.4 million in 2025, then soared by 4144.25% to $58.3 million in 2026.
- The last three Invested Capital figures came in at $58.3 million (Q2 2026), $71.7 million (Q1 2026), and $1.4 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 5.78 Bn |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 112.82 Mn |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | - |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | 616.12 Mn |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 33.00 Mn |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 4.23 Bn |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | - |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | 1.88 Bn |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | 22.00 Mn |
| 10 | Applied Digital | 7.53 Bn | 3.55 Bn | 97.29 Mn | 58.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 58.32 Mn |
| Feb 28, 2026 | 71.65 Mn |
| Nov 30, 2025 | 1.37 Mn |
| Aug 31, 2025 | 11.96 Mn |
| May 31, 2025 | 13.65 Mn |
| Feb 28, 2025 | 172.37 Mn |
| Nov 30, 2024 | 198.91 Mn |
| Aug 31, 2024 | 155.92 Mn |
| May 31, 2024 | 170.97 Mn |
| Feb 29, 2024 | 150.24 Mn |
| Nov 30, 2023 | 79.55 Mn |
| Aug 31, 2023 | 48.54 Mn |