Applied Digital (APLD) Total Debt (2022 - 2026)

Applied Digital (APLD) reported Total Debt of $2.6 billion for Q1 2026, up 282.11% on a YoY basis from $679.0 million in Q1 2025, and little changed quarter-over-quarter from $2.6 billion in Q4 2025.

Applied Digital (APLD) Total Debt (2022 - 2026) Analysis & Trends

Applied Digital has reported Total Debt for 5 years, with the latest figure at $2.6 billion in Q1 2026.

  • For the quarter ending Q1 2026, Total Debt rose 282.11% year-over-year to $2.6 billion; the trailing twelve-month figure through Feb 2026 stood at $2.6 billion (up 282.11% YoY), and the FY2025 full-year result was $677.8 million, up 752.91% from the prior year.
  • Total Debt for Q1 2026 stood at $2.6 billion, roughly flat from $2.6 billion in the prior quarter.
  • The five-year high for Total Debt was $2.6 billion in Q1 2026, with the low at $12.1 million in Q3 2022.
  • Historically, Total Debt has averaged $578.6 million across 5 years, with a median of $79.5 million in 2024.
  • Annual changes were most pronounced in 2024 — Total Debt decreased 20.48% — and 2025, when it soared 4426.59%.
  • Applied Digital's Total Debt stood at $16.4 million in 2022, then jumped by 102.87% to $33.2 million in 2023, then surged by 1309.44% to $468.2 million in 2024, then surged by 453.99% to $2.6 billion in 2025, then advanced by 0.02% to $2.6 billion in 2026.
  • The last three Total Debt figures came in at $2.6 billion (Q1 2026), $2.6 billion (Q4 2025), and $305.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Infosys 250,975,992.28 Bn 250,975,991.00 Bn 1.56 Bn 214.83 Bn
2 International Business Machines 267.32 Bn 252.39 Bn 8.95 Bn 66.36 Bn
3 Wipro 138.60 Bn 137.44 Bn 751.00 Mn 141.55 Mn
4 Accenture 109.98 Bn 101.66 Bn 16.30 Bn 5.14 Bn
5 Cognizant Technology Solutions 25.38 Bn 23.86 Bn 1.78 Bn 568.00 Mn
6 Fidelity National Information Services 21.09 Bn 20.34 Bn 1.11 Bn 20.96 Bn
7 Broadridge Financial Solutions 17.60 Bn 17.30 Bn 626.90 Mn 3.23 Bn
8 Cdw 17.16 Bn 16.58 Bn 1.19 Bn 5.64 Bn
9 Leidos Holdings 15.68 Bn 15.27 Bn 761.00 Mn 6.33 Bn
10 Applied Digital 11.17 Bn 10.17 Bn 53.81 Mn 2.59 Bn

Historic Data

Download Data
DateValue
Feb 28, 2026 2.59 Bn
Nov 30, 2025 2.59 Bn
Aug 31, 2025 305.28 Mn
May 31, 2025 677.83 Mn
Feb 28, 2025 678.99 Mn
Nov 30, 2024 468.24 Mn
Aug 31, 2024 28.13 Mn
May 31, 2024 79.47 Mn
Feb 29, 2024 15.00 Mn
May 31, 2023 33.22 Mn
Feb 28, 2023 18.86 Mn
Nov 30, 2022 16.38 Mn
Aug 31, 2022 12.11 Mn