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

Applied Digital (APLD) Total Debt (2021 - 2026)

Applied Digital's (APLD) quarterly Total Debt came in at $5.0 billion in Q2 2026, up 623.08% on a YoY basis from $688.2 million in Q2 2025, and up 84.8% quarter-over-quarter from $2.7 billion in Q1 2026.

Analysis

Applied Digital (APLD) Total Debt (2021 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Total Debt for 6 consecutive years, with $5.0 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Total Debt rose 623.08% year-over-year to $5.0 billion; the trailing twelve-month figure through May 2026 stood at $5.0 billion (up 623.08% YoY), and the FY2026 full-year result was $5.0 billion, up 623.08% from the prior year.
  • Total Debt advanced to $5.0 billion in Q2 2026 per APLD's latest filing, from $2.7 billion in the prior quarter.
  • Across five years, Total Debt topped out at $5.0 billion in Q2 2026 and bottomed at $7.2 million in Q2 2022.
  • Historically, Total Debt has averaged $782.8 million across 5 years, with a median of $115.3 million in 2024.
  • The sharpest annual moves came in 2024 and 2025: Total Debt surged 86.25% in 2024, then jumped 1460.03% in 2025.
  • Over 5 years, Total Debt stood at $20.5 million in 2022, then soared by 108.7% to $42.8 million in 2023, then soared by 1009.83% to $474.8 million in 2024, then jumped by 449.0% to $2.6 billion in 2025, then jumped by 90.9% to $5.0 billion in 2026.
  • According to Business Quant data, Total Debt over the past three periods registered $5.0 billion, $2.7 billion, and $2.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 19.69 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn 4.21 Bn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn 5.64 Bn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn 4.98 Bn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn 4.02 Bn
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn 6.11 Bn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn 2.52 Bn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn 600.20 Mn
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn 64.89 Mn
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn 74.23 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 4.98 Bn
Feb 28, 2026 2.69 Bn
Nov 30, 2025 2.61 Bn
Aug 31, 2025 687.34 Mn
May 31, 2025 688.16 Mn
Feb 28, 2025 689.13 Mn
Nov 30, 2024 474.79 Mn
Aug 31, 2024 136.69 Mn
May 31, 2024 115.31 Mn
Feb 29, 2024 44.17 Mn
Nov 30, 2023 42.78 Mn
Aug 31, 2023 44.05 Mn
May 31, 2023 43.21 Mn
Feb 28, 2023 23.72 Mn
Nov 30, 2022 20.50 Mn
Aug 31, 2022 14.70 Mn
May 31, 2022 7.23 Mn
May 31, 2021 2.14 Mn