Applied Digital (APLD) Total Liabilities (2021 - 2026)
Applied Digital's (APLD) quarterly Total Liabilities came in at $6.2 billion in Q2 2026, up 400.32% on a YoY basis from $1.2 billion in Q2 2025, and up 68.12% quarter-over-quarter from $3.7 billion in Q1 2026.
Analysis
Applied Digital (APLD) Total Liabilities (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Total Liabilities for 6 consecutive years, with $6.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Total Liabilities rose 400.32% year-over-year to $6.2 billion; the trailing twelve-month figure through May 2026 stood at $6.2 billion (up 400.32% YoY), and the FY2026 full-year result was $6.2 billion, up 400.32% from the prior year.
- Total Liabilities rose to $6.2 billion in Q2 2026 per APLD's latest filing, from $3.7 billion in the prior quarter.
- Across five years, Total Liabilities topped out at $6.2 billion in Q2 2026 and bottomed at $24.2 million in Q1 2022.
- Historically, Total Liabilities has averaged $1.2 billion across 5 years, with a median of $581.4 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Total Liabilities surged 10254.99% in 2022, then jumped 93.78% in 2025.
- Over 5 years, Total Liabilities stood at $95.5 million in 2022, then soared by 240.41% to $325.0 million in 2023, then jumped by 223.95% to $1.1 billion in 2024, then jumped by 199.91% to $3.2 billion in 2025, then soared by 95.9% to $6.2 billion in 2026.
- According to Business Quant data, Total Liabilities over the past three periods registered $6.2 billion, $3.7 billion, and $3.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 101.08 Bn | 98.85 Bn | 1.40 Bn | 26.68 Bn |
| 2 | Terawulf | 7.85 Bn | 5.09 Bn | 32.37 Mn | 7.90 Bn |
| 3 | Applied Digital | 7.10 Bn | 3.13 Bn | 97.29 Mn | 6.19 Bn |
| 4 | Cipher Digital | 6.55 Bn | 2.53 Bn | 9.79 Mn | 6.91 Bn |
| 5 | GDS Holdings | 5.90 Bn | 3.71 Bn | 97.89 Mn | 7.74 Bn |
| 6 | Core Scientific | 5.67 Bn | 3.73 Bn | 70.04 Mn | 7.68 Bn |
| 7 | Vnet | 1.71 Bn | 723.63 Mn | 74.45 Mn | -456.08 Mn |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 714.88 Mn | 654.51 Mn | 18.88 Mn | 543.51 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | 96.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 6.19 Bn |
| Feb 28, 2026 | 3.68 Bn |
| Nov 30, 2025 | 3.16 Bn |
| Aug 31, 2025 | 1.29 Bn |
| May 31, 2025 | 1.24 Bn |
| Feb 28, 2025 | 1.21 Bn |
| Nov 30, 2024 | 1.05 Bn |
| Aug 31, 2024 | 640.60 Mn |
| May 31, 2024 | 638.04 Mn |
| Feb 29, 2024 | 524.68 Mn |
| Nov 30, 2023 | 325.00 Mn |
| Aug 31, 2023 | 221.21 Mn |
| May 31, 2023 | 194.28 Mn |
| Feb 28, 2023 | 136.21 Mn |
| Nov 30, 2022 | 95.47 Mn |
| Aug 31, 2022 | 69.02 Mn |
| May 31, 2022 | 40.75 Mn |
| Feb 28, 2022 | 24.15 Mn |
| Nov 30, 2021 | 922,000.00 |
| Aug 31, 2021 | 750,000.00 |