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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |