Applied Digital (APLD) Net Margin (2022 - 2026)
Applied Digital (APLD) recorded Net Margin of -69.35% in fiscal Q1 2027 (quarter ended Aug 31, 2026), down 46.49 percentage points from -22.86% a year earlier and down 26.17 percentage points from the prior quarter.
Applied Digital (APLD) Net Margin (2022 - 2026) Analysis & Trends
On a TTM basis, Applied Digital's Net Margin came in at -54.90% as of Aug 31, 2026, up 57.22 percentage points year-over-year; for FY2026 (ended May 31, 2026), it was -40.94%, up 61.30 percentage points from FY2025.
- Annual Net Margin has a four-year change of +234.18 percentage points (FY2022 to FY2026).
- Across earlier fiscal years, Net Margin came in at -102.24% in FY2025 (-12.08 pp), -90.15% in FY2024 (-9.55 pp), -80.60% in FY2023 (+194.52 pp) and -275.12% in FY2022.
- Quarterly Net Margin has ranged from -628.17% in fiscal Q3 2022 to -12.31% in fiscal Q1 2025 over the past five years.
- On a year-over-year basis, Net Margin rose in four of the last eight quarters, with an average year-over-year change of +15.31 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 578.31 percentage points in fiscal Q3 2023, against a drop of 360.40 percentage points in fiscal Q2 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -43.18% (Q4 2026), -79.65% (Q3 2026) and -15.07% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 39.74% |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 12.62% |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | -24.42% |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 18.25% |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | -32.70% |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | -24.31% |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | 49.82% |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | 167.85% |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 18.50% |
| 10 | Applied Digital | 5.62 Bn | -2.57 Bn | 96.17 Mn | -69.35% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | -69.35% |
| May 31, 2026 | -43.18% |
| Feb 28, 2026 | -79.65% |
| Nov 30, 2025 | -15.07% |
| Aug 31, 2025 | -22.86% |
| 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 | -29.37% |
| Feb 28, 2023 | -49.86% |
| Nov 30, 2022 | -215.70% |
| Aug 31, 2022 | -65.44% |
| May 31, 2022 | -37.31% |
| Feb 28, 2022 | -628.17% |
Applied Digital Net Margin 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=net-margin&ticker=APLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=APLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();