Growth Metrics

Applied Digital (APLD) Operating Expenses (2021 - 2026)

Applied Digital's Operating Expenses history spans 6 years, with the latest figure at $212.3 million for Q1 2026.

  • For Q1 2026, Operating Expenses rose 195.42% year-over-year to $212.3 million; the TTM value through Feb 2026 reached $411.8 million, up 284.0%, while the annual FY2025 figure was $161.0 million, 4.98% down from the prior year.
  • Operating Expenses reached $212.3 million in Q1 2026 per APLD's latest filing, up from $157.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $212.3 million in Q1 2026 to a low of -$44.5 million in Q2 2025.
  • Average Operating Expenses over 5 years is $48.0 million, with a median of $39.0 million recorded in 2022.
  • Peak YoY movement for Operating Expenses: surged 2781.03% in 2022, then plummeted 185.47% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $39.0 million in 2022, then grew by 28.37% to $50.1 million in 2023, then decreased by 2.29% to $49.0 million in 2024, then soared by 221.73% to $157.5 million in 2025, then surged by 34.76% to $212.3 million in 2026.
  • Per Business Quant, the three most recent readings for APLD's Operating Expenses are $212.3 million (Q1 2026), $157.5 million (Q4 2025), and $86.5 million (Q3 2025).