Applied Digital APLD
NASDAQ APLD
$26.37 +0.46 (+1.78%)
At close: Sep 4, 2026 · 4:00 PM EDT

Applied Digital (APLD) Market Capitalization (2021 - 2026)

Applied Digital's (APLD) quarterly Market Capitalization came in at $13.6 billion in Q2 2026, up 786.06% on a YoY basis from $1.5 billion in Q2 2025, and up 74.9% quarter-over-quarter from $7.8 billion in Q1 2026.

Analysis

Applied Digital (APLD) Market Capitalization (2021 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Market Capitalization for 6 consecutive years, with $13.6 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Market Capitalization rose 786.06% year-over-year to $13.6 billion; the trailing twelve-month figure through May 2026 stood at $13.6 billion (up 786.06% YoY), and the FY2026 full-year result was $13.6 billion, up 786.06% from the prior year.
  • Market Capitalization grew to $13.6 billion in Q2 2026 per APLD's latest filing, from $7.8 billion in the prior quarter.
  • Across five years, Market Capitalization topped out at $13.6 billion in Q2 2026 and bottomed at $183.2 million in Q4 2022.
  • Historically, Market Capitalization has averaged $2.4 billion across 5 years, with a median of $620.8 million in 2022.
  • The widest YoY moves for Market Capitalization: up 2973.8% in 2022, down 81.55% in 2022.
  • Over 5 years, Market Capitalization stood at $183.2 million in 2022, then surged by 200.12% to $549.8 million in 2023, then surged by 297.81% to $2.2 billion in 2024, then jumped by 245.79% to $7.6 billion in 2025, then jumped by 79.97% to $13.6 billion in 2026.
  • According to Business Quant data, Market Capitalization over the past three periods registered $13.6 billion, $7.8 billion, and $7.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Equinix 102.22 Bn 100.02 Bn 1.40 Bn
2 Terawulf 8.24 Bn 5.48 Bn 32.37 Mn
3 Applied Digital 7.59 Bn 5.57 Bn 97.29 Mn
4 Cipher Digital 7.35 Bn 3.35 Bn 9.79 Mn
5 GDS Holdings 6.47 Bn 4.41 Bn 97.89 Mn
6 Core Scientific 5.72 Bn 3.78 Bn 70.04 Mn
7 Vnet 1.71 Bn 828.02 Mn 74.45 Mn
8 Sify Technologies 1.56 Bn 1.56 Bn 51.65 Mn
9 WhiteFiber 758.96 Mn 698.59 Mn 18.88 Mn
10 Vulcan Infrastructure & Power 445.09 Mn 441.89 Mn -1.25 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 13.61 Bn
Feb 28, 2026 7.78 Bn
Nov 30, 2025 7.56 Bn
Aug 31, 2025 4.30 Bn
May 31, 2025 1.54 Bn
Feb 28, 2025 1.80 Bn
Nov 30, 2024 2.19 Bn
Aug 31, 2024 574.65 Mn
May 31, 2024 482.48 Mn
Feb 29, 2024 508.03 Mn
Nov 30, 2023 549.81 Mn
Aug 31, 2023 639.33 Mn
May 31, 2023 802.90 Mn
Feb 28, 2023 250.34 Mn
Nov 30, 2022 183.20 Mn
Aug 31, 2022 220.02 Mn
May 31, 2022 275.89 Mn
Feb 28, 2022 602.32 Mn
Nov 30, 2021 993.18 Mn
Aug 31, 2021 483.78 Mn