Applied Digital (APLD) Share-based Compensation (2021 - 2026)
Applied Digital's (APLD) quarterly Share-based Compensation came in at $125.4 million in Q2 2026, up 5073.02% on a YoY basis from $2.4 million in Q2 2025, and up 150.04% quarter-over-quarter from $50.1 million in Q1 2026.
Analysis
Applied Digital (APLD) Share-based Compensation (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Share-based Compensation for 6 consecutive years, with $125.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Share-based Compensation rose 5073.02% year-over-year to $125.4 million; the trailing twelve-month figure through May 2026 stood at $220.1 million (up 869.59% YoY), and the FY2026 full-year result was $220.1 million, up 869.59% from the prior year.
- Share-based Compensation advanced to $125.4 million in Q2 2026 per APLD's latest filing, from $50.1 million in the prior quarter.
- Across five years, Share-based Compensation topped out at $125.4 million in Q2 2026 and bottomed at -$2.9 million in Q3 2024.
- Historically, Share-based Compensation has averaged $27.1 million across 5 years, with a median of $17.3 million in 2025.
- The sharpest annual moves came in 2024 and 2026: Share-based Compensation sank 128.42% in 2024, then surged 5073.02% in 2026.
- Over 5 years, Share-based Compensation stood at $21.8 million in 2022, then soared by 170.67% to $59.1 million in 2023, then plunged by 93.27% to $4.0 million in 2024, then surged by 632.39% to $29.1 million in 2025, then soared by 330.51% to $125.4 million in 2026.
- According to Business Quant data, Share-based Compensation over the past three periods registered $125.4 million, $50.1 million, and $29.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 145.00 Mn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 83.94 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 29.02 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 125.39 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 9.95 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 18.24 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | - |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 3.40 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 403,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 125.39 Mn |
| Feb 28, 2026 | 50.15 Mn |
| Nov 30, 2025 | 29.13 Mn |
| Aug 31, 2025 | 15.47 Mn |
| May 31, 2025 | 2.42 Mn |
| Feb 28, 2025 | 19.22 Mn |
| Nov 30, 2024 | 3.98 Mn |
| Aug 31, 2024 | -2.92 Mn |
| May 31, 2024 | 64.14 Mn |
| Feb 29, 2024 | 25.69 Mn |
| Nov 30, 2023 | 59.06 Mn |
| Aug 31, 2023 | 10.27 Mn |
| May 31, 2023 | 5.19 Mn |
| Feb 28, 2023 | 4.48 Mn |
| Nov 30, 2022 | 21.82 Mn |
| Aug 31, 2022 | 579,000.00 |
| Aug 31, 2021 | 12.34 Mn |