Applied Digital (APLD) Payables (2021 - 2026)
Applied Digital's (APLD) quarterly Payables came in at $411.9 million in Q2 2026, up 57.32% on a YoY basis from $261.8 million in Q2 2025, and down 13.39% quarter-over-quarter from $475.6 million in Q1 2026.
Analysis
Applied Digital (APLD) Payables (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Payables for 6 consecutive years, with $411.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payables rose 57.32% year-over-year to $411.9 million; the trailing twelve-month figure through May 2026 stood at $411.9 million (up 57.32% YoY), and the FY2026 full-year result was $411.9 million, up 57.32% from the prior year.
- Payables retreated to $411.9 million in Q2 2026 per APLD's latest filing, from $475.6 million in the prior quarter.
- Across five years, Payables topped out at $554.9 million in Q3 2025 and bottomed at $11.6 million in Q4 2022.
- Historically, Payables has averaged $154.1 million across 5 years, with a median of $109.4 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Payables soared 875.02% in 2024, then plunged 46.88% in 2025.
- Over 5 years, Payables stood at $11.6 million in 2022, then surged by 310.05% to $47.5 million in 2023, then surged by 317.66% to $198.6 million in 2024, then slumped by 46.88% to $105.5 million in 2025, then soared by 290.55% to $411.9 million in 2026.
- According to Business Quant data, Payables over the past three periods registered $411.9 million, $475.6 million, and $105.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | 1.26 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | 197.81 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | 411.90 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | 383.58 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 351.12 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | 1.92 Bn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | 162.32 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | 42.65 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 38.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 411.90 Mn |
| Feb 28, 2026 | 475.60 Mn |
| Nov 30, 2025 | 105.47 Mn |
| Aug 31, 2025 | 554.88 Mn |
| May 31, 2025 | 261.82 Mn |
| Feb 28, 2025 | 180.66 Mn |
| Nov 30, 2024 | 198.56 Mn |
| Aug 31, 2024 | 170.73 Mn |
| May 31, 2024 | 140.36 Mn |
| Feb 29, 2024 | 113.25 Mn |
| Nov 30, 2023 | 47.54 Mn |
| Aug 31, 2023 | 25.39 Mn |
| May 31, 2023 | 14.40 Mn |
| Feb 28, 2023 | 18.86 Mn |
| Nov 30, 2022 | 11.59 Mn |
| Aug 31, 2022 | 16.04 Mn |
| May 31, 2022 | 14.59 Mn |
| Feb 28, 2022 | 13.04 Mn |
| May 31, 2021 | 2.50 Mn |