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

Applied Digital (APLD) has reported Operating Expenses for 6 consecutive years, with $383.6 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 303.0% year-over-year to $383.6 million; the trailing twelve-month figure through May 2026 stood at $839.9 million (up 272.37% YoY), and the FY2026 full-year result was $847.8 million, up 181.89% from the prior year.
• Operating Expenses grew to $383.6 million in Q2 2026 per APLD's latest filing, from $212.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $383.6 million in Q2 2026 and bottomed at $1.4 million in Q1 2022.
• Historically, Operating Expenses has averaged $79.6 million across 5 years, with a median of $49.5 million in 2023.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 2781.03% in 2022, then sank 78.13% in 2024.
• Over 5 years, Operating Expenses stood at $39.0 million in 2022, then grew by 28.37% to $50.1 million in 2023, then declined by 2.29% to $49.0 million in 2024, then soared by 221.73% to $157.5 million in 2025, then soared by 143.46% to $383.6 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $383.6 million, $212.3 million, and $157.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.