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

Applied Digital (APLD) reported Operating Income of -$85.7 million for Q1 2026, down 352.24% on a YoY basis from $34.0 million in Q1 2025, and down 176.73% quarter-over-quarter from -$31.0 million in Q4 2025.

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

Applied Digital has reported Operating Income for 6 years, with the latest figure at -$85.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Income fell 352.24% year-over-year to -$85.7 million; the trailing twelve-month figure through Feb 2026 stood at -$127.7 million (down 506.3% YoY), and the FY2025 full-year result was -$16.8 million, up 48.72% from the prior year.
  • Operating Income for Q1 2026 stood at -$85.7 million, down from -$31.0 million in the prior quarter.
  • The five-year high for Operating Income was $37.9 million in Q2 2024, with the low at -$85.7 million in Q1 2026.
  • Historically, Operating Income has averaged -$12.7 million across 5 years, with a median of -$7.4 million in 2023.
  • Annual changes were most pronounced in 2022 — Operating Income slumped 1870.33% — and 2024, when it surged 852.22%.
  • Applied Digital's Operating Income stood at -$26.7 million in 2022, then jumped by 70.36% to -$7.9 million in 2023, then tumbled by 61.84% to -$12.8 million in 2024, then slumped by 141.76% to -$31.0 million in 2025, then sank by 176.73% to -$85.7 million in 2026.
  • The last three Operating Income figures came in at -$85.7 million (Q1 2026), -$31.0 million (Q4 2025), and -$22.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Infosys 250,975,992.28 Bn 250,975,991.00 Bn 1.56 Bn 1.06 Bn
2 International Business Machines 267.32 Bn 252.39 Bn 8.95 Bn 1.69 Bn
3 Wipro 138.60 Bn 137.44 Bn 751.00 Mn 447.00 Mn
4 Accenture 109.98 Bn 101.66 Bn 16.30 Bn 2.49 Bn
5 Cognizant Technology Solutions 25.38 Bn 23.86 Bn 1.78 Bn 843.00 Mn
6 Fidelity National Information Services 21.09 Bn 20.34 Bn 1.11 Bn 423.00 Mn
7 Broadridge Financial Solutions 17.60 Bn 17.30 Bn 626.90 Mn 359.50 Mn
8 Cdw 17.16 Bn 16.58 Bn 1.19 Bn 376.00 Mn
9 Leidos Holdings 15.68 Bn 15.27 Bn 761.00 Mn 508.00 Mn
10 Applied Digital 11.17 Bn 10.17 Bn 53.81 Mn -85.67 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 -85.67 Mn
Nov 30, 2025 -30.96 Mn
Aug 31, 2025 -22.29 Mn
May 31, 2025 11.23 Mn
Feb 28, 2025 -18.94 Mn
Nov 30, 2024 -12.81 Mn
Aug 31, 2024 25.29 Mn
May 31, 2024 37.88 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
May 31, 2021 -332,000.00