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