Applied Digital (APLD) Market Capitalization (2022 - 2026)
Applied Digital's Market Capitalization came in at $7.55 billion for fiscal Q1 2027 (quarter ended Aug 31, 2026), up 75.4% from $4.3 billion a year earlier but down 44.5% from the prior quarter.
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Analysis
Applied Digital (APLD) Market Capitalization (2022 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Applied Digital's Market Capitalization was $13.61 billion, up 786.1% from FY2025.
- Market Capitalization carries a four-year compound annual growth rate of 165.0% (FY2022 to FY2026).
- Going back by fiscal year, Market Capitalization was $1.54 billion in FY2025 (+218.4%), $482.48 million in FY2024 (-39.9%), $802.9 million in FY2023 (+191.0%) and $275.89 million in FY2022.
- The five-year range for quarterly Market Capitalization is $183.2 million (fiscal Q2 2023) to $13.61 billion (fiscal Q4 2026).
- Year-over-year, Market Capitalization has increased for eight consecutive quarters, with growth averaging 357.4% over the last eight quarters.
- The fastest year-over-year change in Market Capitalization over five years came in fiscal Q4 2026 (growth of 786.1%), and the weakest in fiscal Q4 2024 (a decline of 39.9%).
- Business Quant data shows APLD's Market Capitalization at $13.61 billion (Q4 2026), $7.78 billion (Q3 2026) and $7.56 billion (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn |
| 10 | Applied Digital | 5.62 Bn | -2.57 Bn | 96.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 7.55 Bn |
| 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 |
API Access
Applied Digital Market Capitalization API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=market-capitalization&ticker=APLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "ticker": "APLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=market-capitalization&ticker=APLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();