Applied Digital (APLD) Operating Leases (2022 - 2026)
Applied Digital's Operating Leases was $44.13 million in fiscal Q1 2027 (quarter ended Aug 31, 2026), compared with $231,000 a year earlier and down 6.5% from the prior quarter.
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Analysis
Applied Digital (APLD) Operating Leases (2022 - 2026) Analysis & Trends
At the end of FY2026 (ended May 31, 2026), Operating Leases at Applied Digital came in at $47.18 million, down 19.8% from FY2025.
- Operating Leases shows a four-year compound annual growth rate of 166.5% (FY2022 to FY2026).
- In earlier fiscal years, Operating Leases was $58.8 million in FY2025, $1.07 million in FY2024 (+6.7%), $1.01 million in FY2023 (+7.4%) and $936,000 in FY2022.
- Quarterly Operating Leases has moved between $113,000 (fiscal Q2 2026) and $160.22 million (fiscal Q2 2025) over five years.
- Compared with a year earlier, Operating Leases was higher in two of the last six quarters, with an average decline of 31.5%.
- The best year-over-year quarter for Operating Leases over five years was fiscal Q2 2024 (growth of 932.0%); the worst was fiscal Q2 2026 (a decline of 99.9%).
- Per Business Quant data, APLD's Operating Leases in the three fiscal quarters before Q1 2027 was $47.18 million (Q4 2026), $65.55 million (Q3 2026) and $113,000 (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn |
| 10 | Applied Digital | 5.62 Bn | -2.57 Bn | 96.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 44.13 Mn |
| May 31, 2026 | 47.18 Mn |
| Feb 28, 2026 | 65.55 Mn |
| Nov 30, 2025 | 113,000.00 |
| Aug 31, 2025 | 231,000.00 |
| May 31, 2025 | 58.80 Mn |
| Feb 28, 2025 | 136.91 Mn |
| Nov 30, 2024 | 160.22 Mn |
| Aug 31, 2024 | 147.71 Mn |
| May 31, 2024 | 1.07 Mn |
| Feb 29, 2024 | 133.06 Mn |
| Nov 30, 2023 | 89.07 Mn |
| Aug 31, 2023 | 34.64 Mn |
| May 31, 2023 | 1.01 Mn |
| Feb 28, 2023 | 8.49 Mn |
| Nov 30, 2022 | 8.63 Mn |
| Aug 31, 2022 | 5.62 Mn |
| May 31, 2022 | 936,000.00 |
| Feb 28, 2022 | 1.01 Mn |
API Access
Applied Digital Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=APLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "APLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=APLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();