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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |