Applied Digital (APLD) Operating Expenses (2021 - 2026)
Applied Digital's (APLD) quarterly Operating Expenses came in at $383.6 million in Q2 2026, up 303.0% YoY from $95.2 million in Q2 2025, and up 80.67% on a QoQ basis from $212.3 million in Q1 2026.
Applied Digital (APLD) Operating Expenses (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has 6 years of Operating Expenses data on file, last reported at $383.6 million in Q2 2026.
- Quarterly Operating Expenses rose 303.0% year-over-year to $383.6 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $839.9 million (up 272.37% YoY) and the FY2026 annual result came in at $847.8 million, up 181.89% from the prior year.
- Operating Expenses climbed to $383.6 million in Q2 2026, from $212.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $383.6 million in Q2 2026 to a low of $1.4 million in Q1 2022.
- A 5-year average of $79.6 million and a median of $49.5 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 2781.03% — and 2024, when it plunged 78.13%.
- Tracing APLD's Operating Expenses over 5 years: stood at $39.0 million in 2022, then advanced by 28.37% to $50.1 million in 2023, then slipped by 2.29% to $49.0 million in 2024, then jumped by 221.73% to $157.5 million in 2025, then jumped by 143.46% to $383.6 million in 2026.
- The last three Operating Expenses figures came in at $383.6 million (Q2 2026), $212.3 million (Q1 2026), and $157.5 million (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 15.54 Bn |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | 528.00 Mn |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | 12.44 Mn |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 812.00 Mn |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 684.00 Mn |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | 1.67 Bn |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Applied Digital | 7.53 Bn | 3.55 Bn | 97.29 Mn | 383.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 383.57 Mn |
| Feb 28, 2026 | 212.30 Mn |
| Nov 30, 2025 | 157.55 Mn |
| Aug 31, 2025 | 86.51 Mn |
| May 31, 2025 | 95.18 Mn |
| Feb 28, 2025 | 71.86 Mn |
| Nov 30, 2024 | 48.97 Mn |
| Aug 31, 2024 | 9.56 Mn |
| May 31, 2024 | 71.30 Mn |
| Feb 29, 2024 | 98.80 Mn |
| Nov 30, 2023 | 50.12 Mn |
| Aug 31, 2023 | 43.69 Mn |
| May 31, 2023 | 27.07 Mn |
| Feb 28, 2023 | 21.08 Mn |
| Nov 30, 2022 | 39.04 Mn |
| Aug 31, 2022 | 11.10 Mn |
| May 31, 2022 | 4.36 Mn |
| Feb 28, 2022 | 1.37 Mn |
| Nov 30, 2021 | 1.36 Mn |
| Aug 31, 2021 | 13.04 Mn |