Applied Digital reported a gross margin of 37.60% and a net margin of -43.18% for the quarter ended May 2026. These financial ratios cover 21 quarters of results from May 2021 through May 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | May2021 | Aug2021 | Nov2021 | Feb2022 | May2022 | Aug2022 | Nov2022 | Feb2023 | May2023 | Aug2023 | Nov2023 | Feb2024 | May2024 | Aug2024 | Nov2024 | Feb2025 | May2025 | Aug2025 | Nov2025 | Feb2026 | May2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||
| Gross Margin | -102.05% | 1.20% | 12.00% | 4.28% | 25.24% | 27.63% | 30.56% | 29.46% | -8.57% | -5.93% | 34.74% | 37.34% | 7.14% | -6.11% | 13.41% | 20.57% | 42.49% | 37.60% | |||
| EBT Margin | -227.78% | -58.18% | -66.83% | -219.30% | -52.10% | -27.14% | -32.63% | -24.95% | -144.96% | -147.27% | 45.66% | -354.95% | -66.96% | -102.89% | -40.86% | -20.97% | -55.72% | -30.77% | |||
| EBIT Margin | -235.58% | -56.71% | -60.33% | -216.35% | -49.60% | -22.85% | -20.28% | -18.75% | -127.93% | -63.17% | 72.58% | -35.41% | -35.79% | -86.34% | -34.72% | -24.45% | -67.65% | -48.24% | |||
| EBITDA Margin | -211.70% | -46.67% | -48.22% | -209.87% | -49.60% | -22.85% | -20.28% | -18.75% | -127.93% | -63.17% | 72.58% | -35.41% | -35.79% | -86.34% | -34.72% | -24.45% | -67.65% | -48.24% | |||
| Operating Margin | -235.58% | -56.71% | -60.33% | -216.35% | -49.60% | -22.85% | -20.28% | -18.75% | -127.93% | -63.17% | 72.58% | -35.41% | -35.79% | -86.34% | -34.72% | -24.45% | -67.65% | -48.24% | |||
| Net Margin | -628.17% | -75.59% | -67.29% | -216.77% | -52.10% | -31.11% | -31.54% | -24.95% | -144.96% | -147.49% | -12.31% | -385.35% | -68.21% | -105.61% | -28.81% | -15.07% | -79.65% | -43.18% | |||
| FCF Margin | -1,556.73% | -289.07% | -207.67% | -226.47% | 1.82% | -138.27% | -77.29% | -20.61% | -5.36% | -203.47% | -551.90% | -447.06% | -475.42% | -374.75% | -516.14% | -448.63% | -568.71% | -446.97% | |||
| Efficiency | |||||||||||||||||||||
| Assets AverageAssets Avg. | 0.09B | 0.13B | 0.16B | 0.19B | 0.24B | 0.31B | 0.41B | 0.56B | 0.70B | 0.85B | 1.24B | 1.63B | 1.79B | 2.13B | 3.81B | 5.74B | 8.09B | ||||
| Invested CapitalInvested Cap. | -0.01B | 0.09B | 0.09B | 0.09B | 0.10B | 0.11B | 0.17B | 0.20B | 0.16B | 0.24B | 0.38B | 0.91B | 1.14B | 1.19B | 1.73B | 4.06B | 4.27B | 6.70B | |||
| Asset Utilization RatioAsset Util. | 0.09 | 0.12 | 0.18 | 0.22 | 0.23 | 0.28 | 0.28 | 0.26 | 0.24 | 0.19 | 0.13 | 0.10 | 0.10 | 0.10 | 0.08 | 0.06 | 0.07 | ||||
| Leverage & Solvency | |||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -38.09 | -11.73 | -73.35 | -19.86 | -5.33 | -3.45 | -3.02 | -11.63 | -1.53 | 8.55 | -4.37 | -2.13 | -5.22 | -5.65 | -2.70 | 35.89 | -11.74 | ||||
| Debt Ratio | 0.06 | 0.10 | 0.12 | 0.11 | 0.16 | 0.13 | 0.09 | 0.07 | 0.15 | 0.15 | 0.31 | 0.40 | 0.37 | 0.29 | 0.50 | 0.43 | 0.50 | ||||
| Times Interest Earned | -38.09 | -11.73 | -73.35 | -19.86 | -5.33 | -3.45 | -3.02 | -11.63 | -1.53 | 8.55 | -4.37 | -2.13 | -5.22 | -5.65 | -2.70 | 35.89 | -11.74 | ||||
| Dividends & Payouts | |||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | -506.84 | -126.09 | |||||||||||||||||||
| FCF Payout RatioFCF Cover | 0.00 | 0.00 | |||||||||||||||||||
| Dividend YieldDiv. Yield | 0.00% | 0.01% | |||||||||||||||||||
| Payout Ratio | 0.00 | -0.01 | |||||||||||||||||||
| Valuation | |||||||||||||||||||||
| Price to EarningsP/E | -34.32 | -0.00B | -93.45 | -48.51 | -47.22 | -6.85 | -34.10 | -117.11 | -55.80 | -52.22 | -8.08 | -7.49 | -133.92 | -15.70 | -49.73 | -28.48 | -232.59 | -396.35 | -77.16 | -121.84 | |
| Price to SalesP/S | 587.05 | 36.67 | 31.78 | 14.85 | 17.77 | 36.43 | 17.60 | 13.03 | 11.72 | 11.04 | 16.49 | 60.48 | 33.92 | 30.08 | 67.01 | 59.75 | 61.45 | 52.60 | |||
| Price to BookP/B | -645.03 | -0.00B | -69.96 | 3.48 | 2.86 | 2.55 | 3.51 | 11.52 | 5.00 | 3.53 | 4.29 | 3.87 | 2.38 | 5.03 | 3.95 | 3.09 | 4.12 | 5.22 | 4.92 | 7.89 | |
| Enterprise Value | 0.45B | 0.98B | 0.59B | 0.24B | 0.19B | 0.17B | 0.24B | 0.77B | 0.61B | 0.52B | 0.47B | 0.48B | 0.50B | 1.88B | 1.72B | 1.42B | 4.23B | 5.96B | 6.78B | 11.59B | |
| EV to EBIT | -34.89 | -722.61 | -244.25 | -56.87 | -44.96 | -6.50 | -34.05 | -152.80 | -82.53 | -65.11 | -8.55 | -17.34 | 19.57 | -146.79 | -91.00 | -32.19 | -189.72 | -192.58 | -79.10 | -92.89 | |
| EV to EBITDA | -34.89 | -847.74 | -271.80 | -69.10 | -56.24 | -6.70 | -34.05 | -152.80 | -82.53 | -65.11 | -8.55 | -17.34 | 19.57 | -146.79 | -91.00 | -32.19 | -189.72 | -192.58 | -79.10 | -92.89 | |
| Market Capitalization | 0.48B | 0.99B | 0.60B | 0.28B | 0.22B | 0.18B | 0.25B | 0.80B | 0.64B | 0.55B | 0.51B | 0.48B | 0.57B | 2.19B | 1.80B | 1.54B | 4.30B | 7.56B | 7.78B | 13.61B | |
| Price to FCFP/FCF | -77.27 | -577.77 | -37.71 | -12.69 | -15.30 | -6.56 | 977.91 | -26.35 | -22.77 | -63.20 | -218.51 | -5.43 | -2.99 | -13.53 | -7.13 | -8.03 | -12.98 | -13.32 | -10.81 | -11.77 | |
| EV to FCF | -72.65 | -569.60 | -36.96 | -11.16 | -13.06 | -6.21 | 929.56 | -25.25 | -21.66 | -59.22 | -203.89 | -5.38 | -2.57 | -11.63 | -6.85 | -7.42 | -12.76 | -10.50 | -9.41 | -10.03 | |
| EV to CFO | -243.23 | 232.91 | 311.70 | 48.07 | 10.86 | 16.24 | 9.09 | 167.61 | 134.63 | 113.55 | 13.07 | -15.18 | -6.52 | -35.96 | 292.33 | 207.12 | -51.56 | -376.24 | 123.19 | 87.48 | |
| Return Ratios | |||||||||||||||||||||
| Return on Sales [ROS]ROS | -235.58% | -56.71% | -60.33% | -216.35% | -49.60% | -22.85% | -20.28% | -18.75% | -127.93% | -63.17% | 72.58% | -35.41% | -35.79% | -86.34% | -34.72% | -24.45% | -67.65% | -48.24% | |||
| Return on Capital Employed [ROCE]ROCE | -33.59% | -14.49% | -43.43% | -53.38% | -35.65% | -29.76% | -12.85% | -35.62% | -66.04% | -14.17% | -8.65% | -2.77% | -3.92% | -8.54% | -3.58% | -3.88% | -3.81% | ||||
| Return on Invested Capital [ROIC]ROIC | -55.45% | -14.34% | -40.86% | -44.91% | -40.77% | -32.01% | -14.64% | -41.86% | -48.86% | -21.25% | -10.96% | -3.32% | -4.34% | -6.73% | -4.02% | -4.39% | -4.85% | ||||
| Return on Assets [ROA]ROA | -28.78% | -12.76% | -27.79% | -23.70% | -19.34% | -17.22% | -8.82% | -20.25% | -21.29% | -16.71% | -21.79% | -13.61% | -12.92% | -11.42% | -3.13% | -2.69% | -2.27% |