Applied Digital (APLD) Total Debt (2021 - 2026)
Applied Digital (APLD) recorded Total Debt of $6.38 billion in fiscal Q1 2027 (quarter ended Aug 31, 2026), up 827.7% from $687.34 million a year earlier and up 28.1% from the prior quarter.
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Analysis
Applied Digital (APLD) Total Debt (2021 - 2026) Analysis & Trends
At the end of FY2026 (ended May 31, 2026), Applied Digital reported Total Debt of $4.98 billion, up 623.1% from FY2025.
- Annual Total Debt has increased for five straight fiscal years, with a five-year compound annual growth rate of 371.5% (FY2021 to FY2026).
- Across earlier fiscal years, Total Debt came in at $688.16 million in FY2025 (+668.4%), $89.55 million in FY2024 (+17.2%), $76.43 million in FY2023 (+957.1%) and $7.23 million in FY2022 (+238.6%).
- The fiscal Q1 2027 figure is the highest quarterly Total Debt in data going back to fiscal Q4 2021.
- On a year-over-year basis, Total Debt has increased for six consecutive quarters, with growth averaging 561.1% over the last six quarters.
- The year-over-year growth in Total Debt has ranged between 17.2% (fiscal Q4 2024) and 957.1% (fiscal Q4 2023) over the last five years.
- Per Business Quant, the preceding three fiscal quarters came in at $4.98 billion (Q4 2026), $2.69 billion (Q3 2026) and $2.61 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 40.29 Bn |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 61.99 Bn |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | 1.29 Bn |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 19.70 Bn |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | 8.55 Bn |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | 3.66 Bn |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | 2.33 Bn |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 3.77 Bn |
| 10 | Applied Digital | 5.62 Bn | -2.57 Bn | 96.17 Mn | 6.38 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 6.38 Bn |
| 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 | 113.12 Mn |
| May 31, 2024 | 89.55 Mn |
| Feb 29, 2024 | 44.17 Mn |
| Nov 30, 2023 | 42.78 Mn |
| Aug 31, 2023 | 44.05 Mn |
| May 31, 2023 | 76.43 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 |
API Access
Applied Digital Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=APLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "APLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=APLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();