Applied Digital (APLD) Non-Current Debt (2022 - 2026)
Applied Digital's (APLD) quarterly Non-Current Debt came in at $5.0 billion in Q2 2026, up 631.68% on a YoY basis from $677.8 million in Q2 2025, and up 91.15% quarter-over-quarter from $2.6 billion in Q1 2026.
Analysis
Applied Digital (APLD) Non-Current Debt (2022 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Non-Current Debt for 5 consecutive years, with $5.0 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Non-Current Debt rose 631.68% year-over-year to $5.0 billion; the trailing twelve-month figure through May 2026 stood at $5.0 billion (up 631.68% YoY), and the FY2026 full-year result was $5.0 billion, up 631.68% from the prior year.
- Non-Current Debt climbed to $5.0 billion in Q2 2026 per APLD's latest filing, from $2.6 billion in the prior quarter.
- Across five years, Non-Current Debt topped out at $5.0 billion in Q2 2026 and bottomed at $5.9 million in Q2 2022.
- Historically, Non-Current Debt has averaged $743.9 million across 5 years, with a median of $79.5 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Non-Current Debt soared 31.72% in 2024, then jumped 2632.9% in 2025.
- Over 5 years, Non-Current Debt stood at $16.4 million in 2022, then surged by 104.57% to $33.5 million in 2023, then surged by 1297.7% to $468.2 million in 2024, then jumped by 453.99% to $2.6 billion in 2025, then soared by 91.19% to $5.0 billion in 2026.
- According to Business Quant data, Non-Current Debt over the past three periods registered $5.0 billion, $2.6 billion, and $2.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 18.52 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 3.11 Bn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 5.45 Bn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 4.96 Bn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 3.54 Bn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 4.30 Bn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 2.12 Bn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 414.39 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 6.28 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 39.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 4.96 Bn |
| Feb 28, 2026 | 2.59 Bn |
| Nov 30, 2025 | 2.59 Bn |
| Aug 31, 2025 | 305.28 Mn |
| May 31, 2025 | 677.83 Mn |
| Feb 28, 2025 | 678.99 Mn |
| Nov 30, 2024 | 468.24 Mn |
| Aug 31, 2024 | 106.23 Mn |
| May 31, 2024 | 79.47 Mn |
| Feb 29, 2024 | 24.85 Mn |
| Nov 30, 2023 | 33.50 Mn |
| Aug 31, 2023 | 34.88 Mn |
| May 31, 2023 | 35.26 Mn |
| Feb 28, 2023 | 18.86 Mn |
| Nov 30, 2022 | 16.38 Mn |
| Aug 31, 2022 | 12.11 Mn |
| May 31, 2022 | 5.90 Mn |