Applied Digital (APLD) Notes Payables (2021 - 2026)
Applied Digital (APLD) reported Notes Payables of $112.65 million for fiscal Q1 2027 (quarter ended Aug 31, 2026), down 70.5% from $382.06 million a year earlier but up 585.9% from the prior quarter.
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Analysis
Applied Digital (APLD) Notes Payables (2021 - 2026) Analysis & Trends
At the end of FY2026 (ended May 31, 2026), Applied Digital posted Notes Payables of $16.42 million, up 59.0% from FY2025.
- Notes Payables has increased for four consecutive fiscal years, with a five-year compound annual growth rate of 50.4% (FY2021 to FY2026).
- By fiscal year, Notes Payables came in at $10.33 million in FY2025 (+2.5%), $10.08 million in FY2024 (+26.8%), $7.95 million in FY2023 (+496.4%) and $1.33 million in FY2022 (-37.6%).
- Five-year quarterly Notes Payables spans a low of $1.33 million in fiscal Q4 2022 and a high of $382.06 million in fiscal Q1 2026.
- Year over year, Notes Payables gained in four of the last seven quarters, with growth averaging 124.9%.
- The high point for year-over-year Notes Payables in five years was fiscal Q3 2026 (growth of 868.4%); the low point was fiscal Q1 2027 (a decline of 70.5%).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $16.42 million (Q4 2026), $98.17 million (Q3 2026) and $12.56 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,944.62 Bn | 3,880.11 Bn | 62.56 Bn |
| 2 | International Business Machines | 231.10 Bn | 185.71 Bn | 9.71 Bn |
| 3 | Equinix | 100.11 Bn | 88.01 Bn | 1.31 Bn |
| 4 | Cloudflare | 96.02 Bn | 78.46 Bn | 557.23 Mn |
| 5 | Nebius | 31.44 Bn | 4.87 Bn | 448.70 Mn |
| 6 | Verisign | 27.82 Bn | 25.17 Bn | 393.20 Mn |
| 7 | CoreWeave | 25.57 Bn | 12.66 Bn | 1.70 Bn |
| 8 | Nutanix | 15.68 Bn | 7.37 Bn | 651.35 Mn |
| 9 | GoDaddy | 14.30 Bn | 9.69 Bn | 843.00 Mn |
| 10 | Applied Digital | 4.55 Bn | -3.63 Bn | 96.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 112.65 Mn |
| May 31, 2026 | 16.42 Mn |
| Feb 28, 2026 | 98.17 Mn |
| Nov 30, 2025 | 12.56 Mn |
| Aug 31, 2025 | 382.06 Mn |
| May 31, 2025 | 10.33 Mn |
| Feb 28, 2025 | 10.14 Mn |
| Nov 30, 2024 | 6.54 Mn |
| Aug 31, 2024 | 6.89 Mn |
| May 31, 2024 | 10.08 Mn |
| Feb 29, 2024 | 19.33 Mn |
| Nov 30, 2023 | 9.28 Mn |
| Aug 31, 2023 | 9.16 Mn |
| May 31, 2023 | 7.95 Mn |
| Feb 28, 2023 | 4.86 Mn |
| Nov 30, 2022 | 4.12 Mn |
| Aug 31, 2022 | 2.59 Mn |
| May 31, 2022 | 1.33 Mn |
| May 31, 2021 | 2.14 Mn |
API Access
Applied Digital Notes Payables 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=notes-payables&ticker=APLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "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=notes-payables&ticker=APLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();