Applied Digital (APLD) Net Margin (2022 - 2026)
Applied Digital's (APLD) quarterly Net Margin came in at 43.18% in Q2 2026, up 6243.0% on a YoY basis from 0.68% in Q2 2025, and up 45.79% quarter-over-quarter from 79.65% in Q1 2026.
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Applied Digital (APLD) Net Margin (2022 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Net Margin for 5 consecutive years, with 43.18% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 6243.0% year-over-year to 43.18%; the trailing twelve-month figure through May 2026 stood at 43.42% (up 9011.0% YoY), and the FY2026 full-year result was 40.94%, up 6130.0% from the prior year.
- Net Margin advanced to 43.18% in Q2 2026 per APLD's latest filing, from 79.65% in the prior quarter.
- Across five years, Net Margin topped out at 12.31% in Q3 2024 and bottomed at 628.17% in Q1 2022.
- Historically, Net Margin has averaged 119.9% across 5 years, with a median of 67.75% in 2022.
- The sharpest annual moves came in 2023 and 2024: Net Margin surged 57607 bps in 2023, then sank 36040 bps in 2024.
- Over 5 years, Net Margin stood at 216.77% in 2022, then jumped by 88 bps to 24.95% in 2023, then sank by 1445 bps to 385.35% in 2024, then soared by 96 bps to 15.07% in 2025, then sank by 186 bps to 43.18% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 43.18%, 79.65%, and 15.07% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | 18.17% |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | -2,076.90% |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | -43.18% |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | -1,077.14% |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 27.05% |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | -703.59% |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | -5.21% |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | 10.40% |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | -51.93% |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -292.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -43.18% |
| Feb 28, 2026 | -79.65% |
| Nov 30, 2025 | -15.07% |
| Aug 31, 2025 | -28.81% |
| May 31, 2025 | -105.61% |
| Feb 28, 2025 | -68.21% |
| Nov 30, 2024 | -385.35% |
| Aug 31, 2024 | -12.31% |
| May 31, 2024 | -147.49% |
| Feb 29, 2024 | -144.96% |
| Nov 30, 2023 | -24.95% |
| Aug 31, 2023 | -31.54% |
| May 31, 2023 | -31.11% |
| Feb 28, 2023 | -52.10% |
| Nov 30, 2022 | -216.77% |
| Aug 31, 2022 | -67.29% |
| May 31, 2022 | -75.59% |
| Feb 28, 2022 | -628.17% |