Applied Digital APLD
NASDAQ APLD
$24.41 +0.99 (+4.23%)
As of: Sep 16, 2026 · 3:59 PM EDT

Applied Digital (APLD) Revenue (2022 - 2026)

Applied Digital's (APLD) quarterly Revenue came in at $258.7 million in Q2 2026, up 406.6% on a YoY basis from $51.1 million in Q2 2025, and up 104.32% quarter-over-quarter from $126.6 million in Q1 2026.

Analysis

Applied Digital (APLD) Revenue (2022 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Revenue for 5 consecutive years, with $258.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Revenue rose 406.6% year-over-year to $258.7 million; the trailing twelve-month figure through May 2026 stood at $576.2 million (up 229.24% YoY), and the FY2026 full-year result was $611.3 million, up 167.45% from the prior year.
  • Revenue climbed to $258.7 million in Q2 2026 per APLD's latest filing, from $126.6 million in the prior quarter.
  • Across five years, Revenue topped out at $258.7 million in Q2 2026 and bottomed at $1.0 million in Q1 2022.
  • Historically, Revenue has averaged $54.5 million across 5 years, with a median of $39.3 million in 2023.
  • The sharpest annual moves came in 2023 and 2024: Revenue surged 1273.29% in 2023, then fell 14.31% in 2024.
  • Over 5 years, Revenue stood at $12.3 million in 2022, then surged by 242.0% to $42.2 million in 2023, then dropped by 14.31% to $36.2 million in 2024, then soared by 250.05% to $126.6 million in 2025, then jumped by 104.4% to $258.7 million in 2026.
  • According to Business Quant data, Revenue over the past three periods registered $258.7 million, $126.6 million, and $126.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 2.63 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn 44.77 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn 24.84 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn 258.75 Mn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn 455.11 Mn
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn 164.20 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn 409.54 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn 130.47 Mn
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn 28.84 Mn
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn 3.39 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 258.75 Mn
Feb 28, 2026 126.64 Mn
Nov 30, 2025 126.59 Mn
Aug 31, 2025 64.22 Mn
May 31, 2025 51.08 Mn
Feb 28, 2025 52.92 Mn
Nov 30, 2024 36.16 Mn
Aug 31, 2024 34.85 Mn
May 31, 2024 43.70 Mn
Feb 29, 2024 43.35 Mn
Nov 30, 2023 42.20 Mn
Aug 31, 2023 36.32 Mn
May 31, 2023 22.04 Mn
Feb 28, 2023 14.09 Mn
Nov 30, 2022 12.34 Mn
Aug 31, 2022 6.92 Mn
May 31, 2022 7.52 Mn
Feb 28, 2022 1.03 Mn