Applied Digital (APLD) Invested Capital (2023 - 2026)

Applied Digital's Invested Capital history runs 4 years deep, the most recent figure standing at $71.7 million for Q1 2026.

• Quarterly Invested Capital fell 58.43% year-over-year to $71.7 million in Q1 2026, while the trailing twelve-month figure through Feb 2026 was $98.6 million (down 85.87% YoY) and the FY2025 annual result came in at $13.6 million, down 92.02% from the prior year.
• Invested Capital was $71.7 million for Q1 2026 at Applied Digital, up from $1.4 million in the prior quarter.
• Across five years, Invested Capital topped out at $198.9 million in Q4 2024 and bottomed at $1.4 million in Q4 2025.
• A 4-year average of $97.7 million and a median of $79.6 million in 2023 frame the typical range for Invested Capital.
• Annual changes were most pronounced in 2024 — Invested Capital soared 221.21% — and 2025, when it sank 99.31%.
• Applied Digital's Invested Capital stood at $79.6 million in 2023, then jumped by 150.03% to $198.9 million in 2024, then sank by 99.31% to $1.4 million in 2025, then soared by 5114.92% to $71.7 million in 2026.
• Business Quant data shows APLD's Invested Capital at $71.7 million in Q1 2026, $1.4 million in Q4 2025, and $12.0 million in Q3 2025.