Applied Digital APLD
NASDAQ APLD
$27.14 -1.17 (-4.13%)
As of: Sep 9, 2026 · 3:59 PM EDT

Applied Digital (APLD) Operating Leases (2022 - 2026)

Applied Digital's (APLD) quarterly Operating Leases came in at $124.0 million in Q2 2026, up 110.85% on a YoY basis from $58.8 million in Q2 2025, and down 8.03% quarter-over-quarter from $134.8 million in Q1 2026.

Analysis

Applied Digital (APLD) Operating Leases (2022 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Operating Leases for 5 consecutive years, with $124.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Leases rose 110.85% year-over-year to $124.0 million; the trailing twelve-month figure through May 2026 stood at $124.0 million (up 110.85% YoY), and the FY2026 full-year result was $124.0 million, up 110.85% from the prior year.
  • Operating Leases eased to $124.0 million in Q2 2026 per APLD's latest filing, from $134.8 million in the prior quarter.
  • Across five years, Operating Leases topped out at $319.8 million in Q4 2024 and bottomed at $936000.0 in Q2 2022.
  • Historically, Operating Leases has averaged $94.4 million across 5 years, with a median of $35.8 million in 2025.
  • The widest YoY moves for Operating Leases: up 5385.07% in 2025, down 99.34% in 2025.
  • Over 5 years, Operating Leases stood at $8.6 million in 2022, then surged by 1530.91% to $140.8 million in 2023, then soared by 127.21% to $319.8 million in 2024, then tumbled by 99.34% to $2.1 million in 2025, then surged by 5772.95% to $124.0 million in 2026.
  • According to Business Quant data, Operating Leases over the past three periods registered $124.0 million, $134.8 million, and $2.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Equinix 102.22 Bn 100.02 Bn 1.40 Bn
2 Terawulf 8.24 Bn 5.48 Bn 32.37 Mn
3 Applied Digital 7.59 Bn 5.57 Bn 97.29 Mn
4 Cipher Digital 7.35 Bn 3.35 Bn 9.79 Mn
5 GDS Holdings 6.47 Bn 4.41 Bn 97.89 Mn
6 Core Scientific 5.72 Bn 3.78 Bn 70.04 Mn
7 Vnet 1.71 Bn 828.02 Mn 74.45 Mn
8 Sify Technologies 1.56 Bn 1.56 Bn 51.65 Mn
9 WhiteFiber 758.96 Mn 698.59 Mn 18.88 Mn
10 Vulcan Infrastructure & Power 445.09 Mn 441.89 Mn -1.25 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 123.98 Mn
Feb 28, 2026 134.81 Mn
Nov 30, 2025 2.11 Mn
Aug 31, 2025 12.87 Mn
May 31, 2025 58.80 Mn
Feb 28, 2025 304.54 Mn
Nov 30, 2024 319.83 Mn
Aug 31, 2024 282.18 Mn
May 31, 2024 1.07 Mn
Feb 29, 2024 232.52 Mn
Nov 30, 2023 140.76 Mn
Aug 31, 2023 59.92 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 1.22 Mn