Growth Metrics

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

Applied Digital filings provide 6 years of Operating Expenses readings, the most recent being $212.3 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 195.42% to $212.3 million in Q1 2026 year-over-year; TTM through Feb 2026 was $411.8 million, a 284.0% increase, with the full-year FY2025 number at $161.0 million, down 4.98% from a year prior.
  • Operating Expenses hit $212.3 million in Q1 2026 for Applied Digital, 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.
  • Median Operating Expenses over the past 5 years was $39.0 million (2022), compared with a mean of $48.0 million.
  • Biggest five-year swings in Operating Expenses: soared 2781.03% in 2022 and later tumbled 185.47% in 2024.
  • Applied Digital's Operating Expenses 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.
  • The last three reported values for Operating Expenses were $212.3 million (Q1 2026), $157.5 million (Q4 2025), and $86.5 million (Q3 2025) per Business Quant data.