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Applied Digital (APLD) Operating Expenses (2021 - 2025)

Applied Digital (APLD) has disclosed Operating Expenses for 5 consecutive years, with $157.5 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 91.0% year-over-year to $157.5 million, compared with a TTM value of $313.1 million through Nov 2025, up 86.67%, and an annual FY2025 reading of $161.0 million, down 4.98% over the prior year.
  • Operating Expenses was $157.5 million for Q4 2025 at Applied Digital, up from $86.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $157.5 million in Q4 2025 and bottomed at -$23.1 million in Q2 2024.
  • Average Operating Expenses over 5 years is $36.5 million, with a median of $21.1 million recorded in 2023.
  • The sharpest move saw Operating Expenses surged 2781.03% in 2022, then tumbled 185.43% in 2024.
  • Year by year, Operating Expenses stood at $1.4 million in 2021, then soared by 2781.03% to $39.0 million in 2022, then grew by 28.37% to $50.1 million in 2023, then skyrocketed by 64.59% to $82.5 million in 2024, then soared by 91.0% to $157.5 million in 2025.
  • Business Quant data shows Operating Expenses for APLD at $157.5 million in Q4 2025, $86.5 million in Q3 2025, and -$2.9 million in Q2 2025.