Applied Digital APLD
NASDAQ APLD
$24.41 +0.99 (+4.23%)
As of: Sep 16, 2026 · 3:59 PM EDT

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

Applied Digital's (APLD) quarterly Operating Income came in at -$124.8 million in Q2 2026, down 183.03% on a YoY basis from $150.3 million in Q2 2025, and down 45.7% quarter-over-quarter from -$85.7 million in Q1 2026.

Analysis

Applied Digital (APLD) Operating Income (2021 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Operating Income for 6 consecutive years, with -$124.8 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Income fell 183.03% year-over-year to -$124.8 million; the trailing twelve-month figure through May 2026 stood at -$263.7 million (down 421.67% YoY), and the FY2026 full-year result was -$236.5 million, down 227.62% from the prior year.
  • Operating Income retreated to -$124.8 million in Q2 2026 per APLD's latest filing, from -$85.7 million in the prior quarter.
  • Across five years, Operating Income topped out at $25.3 million in Q3 2024 and bottomed at -$124.8 million in Q2 2026.
  • Historically, Operating Income has averaged -$25.7 million across 5 years, with a median of -$15.9 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Operating Income tumbled 1870.33% in 2022, then surged 443.28% in 2024.
  • Over 5 years, Operating Income stood at -$26.7 million in 2022, then soared by 70.36% to -$7.9 million in 2023, then sank by 61.84% to -$12.8 million in 2024, then plunged by 141.76% to -$31.0 million in 2025, then sank by 303.2% to -$124.8 million in 2026.
  • According to Business Quant data, Operating Income over the past three periods registered -$124.8 million, -$85.7 million, and -$31.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 665.00 Mn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn -140.45 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn -78.54 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn -124.82 Mn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn 64.73 Mn
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn -78.47 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn 33.79 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn 11.79 Mn
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn -9.26 Mn
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn -9.64 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 -124.82 Mn
Feb 28, 2026 -85.67 Mn
Nov 30, 2025 -30.96 Mn
Aug 31, 2025 -22.29 Mn
May 31, 2025 -44.10 Mn
Feb 28, 2025 -18.94 Mn
Nov 30, 2024 -12.81 Mn
Aug 31, 2024 25.29 Mn
May 31, 2024 -27.60 Mn
Feb 29, 2024 -55.46 Mn
Nov 30, 2023 -7.91 Mn
Aug 31, 2023 -7.37 Mn
May 31, 2023 -5.04 Mn
Feb 28, 2023 -6.99 Mn
Nov 30, 2022 -26.70 Mn
Aug 31, 2022 -4.18 Mn
May 31, 2022 -4.27 Mn
Feb 28, 2022 -2.42 Mn
Nov 30, 2021 -1.36 Mn
Aug 31, 2021 -13.04 Mn