Applied Digital (APLD) Shares Outstanding (2021 - 2026)
Applied Digital's (APLD) quarterly Shares Outstanding (Entity) came in at $287.9 million in Q2 2026, up 28.0% on a YoY basis from $224.9 million in Q2 2025, and up 0.88% quarter-over-quarter from $285.4 million in Q1 2026.
Analysis
Applied Digital (APLD) Shares Outstanding (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Shares Outstanding (Entity) for 6 consecutive years, with $287.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Shares Outstanding (Entity) rose 28.0% year-over-year to $287.9 million; the trailing twelve-month figure through May 2026 stood at $287.9 million (up 28.0% YoY), and the FY2026 full-year result was $287.9 million, up 28.0% from the prior year.
- Shares Outstanding (Entity) rose to $287.9 million in Q2 2026 per APLD's latest filing, from $285.4 million in the prior quarter.
- Across five years, Shares Outstanding (Entity) topped out at $287.9 million in Q2 2026 and bottomed at $53.4 million in Q1 2022.
- Historically, Shares Outstanding (Entity) has averaged $160.7 million across 5 years, with a median of $120.1 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Shares Outstanding (Entity) soared 3680.2% in 2022, then climbed 14.02% in 2023.
- Over 5 years, Shares Outstanding (Entity) stood at $93.9 million in 2022, then grew by 25.32% to $117.7 million in 2023, then soared by 83.94% to $216.6 million in 2024, then climbed by 28.87% to $279.1 million in 2025, then increased by 3.15% to $287.9 million in 2026.
- According to Business Quant data, Shares Outstanding (Entity) over the past three periods registered $287.9 million, $285.4 million, and $279.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 98.64 Mn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 485.73 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 409.38 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 275.19 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 190.07 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 325.33 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 268.71 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 108.61 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 38.66 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 17.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 275.19 Mn |
| Feb 28, 2026 | 281.98 Mn |
| Nov 30, 2025 | 277.42 Mn |
| Aug 31, 2025 | 255.89 Mn |
| May 31, 2025 | 201.19 Mn |
| Feb 28, 2025 | 222.45 Mn |
| Nov 30, 2024 | 209.56 Mn |
| Aug 31, 2024 | 149.01 Mn |
| May 31, 2024 | 114.06 Mn |
| Feb 29, 2024 | 121.43 Mn |
| Nov 30, 2023 | 109.66 Mn |
| Aug 31, 2023 | 100.52 Mn |
| May 31, 2023 | 93.98 Mn |
| Feb 28, 2023 | 94.12 Mn |
| Nov 30, 2022 | 93.42 Mn |
| Aug 31, 2022 | 93.11 Mn |
| May 31, 2022 | 57.12 Mn |
| Feb 28, 2022 | 53.40 Mn |
| Nov 30, 2021 | 53.40 Mn |
| Aug 31, 2021 | 44.94 Mn |