Applied Digital (APLD) Retained Earnings (2021 - 2026)
Applied Digital's (APLD) quarterly Retained Earnings came in at $2.4 billion in Q2 2026, up 140.84% on a YoY basis from $1.0 billion in Q2 2025, and up 9.72% quarter-over-quarter from $2.2 billion in Q1 2026.
Analysis
Applied Digital (APLD) Retained Earnings (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Retained Earnings for 6 consecutive years, with $2.4 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Retained Earnings rose 140.84% year-over-year to $2.4 billion; the trailing twelve-month figure through May 2026 stood at $2.4 billion (up 140.84% YoY), and the FY2026 full-year result was $2.4 billion, up 140.84% from the prior year.
- Retained Earnings improved to $2.4 billion in Q2 2026 per APLD's latest filing, from $2.2 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $2.4 billion in Q2 2026 and bottomed at -$52.5 million in Q1 2022.
- Historically, Retained Earnings has averaged $743.5 million across 5 years, with a median of $339.4 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Retained Earnings surged 693.32% in 2022, then advanced 24.87% in 2023.
- Over 5 years, Retained Earnings stood at $150.7 million in 2022, then surged by 84.68% to $278.3 million in 2023, then surged by 208.56% to $858.7 million in 2024, then surged by 134.59% to $2.0 billion in 2025, then gained by 20.74% to $2.4 billion in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered $2.4 billion, $2.2 billion, and $2.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 7.00 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 2.66 Bn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 1.95 Bn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 2.43 Bn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | -237.40 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | -5.65 Bn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 2.60 Bn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | -51.56 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | -398.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 2.43 Bn |
| Feb 28, 2026 | 2.22 Bn |
| Nov 30, 2025 | 2.01 Bn |
| Aug 31, 2025 | 1.57 Bn |
| May 31, 2025 | 1.01 Bn |
| Feb 28, 2025 | 914.34 Mn |
| Nov 30, 2024 | 858.71 Mn |
| Aug 31, 2024 | 496.03 Mn |
| May 31, 2024 | 374.74 Mn |
| Feb 29, 2024 | 303.96 Mn |
| Nov 30, 2023 | 278.30 Mn |
| Aug 31, 2023 | 240.07 Mn |
| May 31, 2023 | 160.19 Mn |
| Feb 28, 2023 | 155.06 Mn |
| Nov 30, 2022 | 150.70 Mn |
| Aug 31, 2022 | 128.88 Mn |
| May 31, 2022 | 128.29 Mn |
| Feb 28, 2022 | -52.52 Mn |
| May 31, 2021 | -21.62 Mn |