Applied Digital Corporation

As of May 31, 2026, Applied Digital Corporation carries a market capitalization of 11.68B, placing it among publicly traded companies globally. Its enterprise value stands at 16.37B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Applied Digital Corporation's next confirmed earnings release is scheduled for January 12, 2027.

As of May 31, 2026, Applied Digital Corporation has 287.88M shares outstanding.

These figures are as of May 31, 2026. The price-to-sales ratio is 22.59, and the price-to-book ratio stands at 7.93.

These figures are as of May 31, 2026. The EV/Sales ratio of 33.12 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. These enterprise value multiples are built on an enterprise value of 16.37B versus a market cap of 11.68B, with the gap driven by net debt and cash on the balance sheet.

As of May 31, 2026, Applied Digital Corporation maintains a current ratio of 4.01, meaning it holds 4.0x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 138.55, indicating elevated leverage, while an interest coverage ratio of -7.53 demonstrates limited ability to service its debt obligations.

Over the twelve months ended May 31, 2026, Applied Digital Corporation posted a negative return on equity (ROE) of -22.59, meaning shareholder capital produced losses rather than profits. Return on assets (ROA) is negative at -4.13, reflecting losses generated across the asset base. The company generates approximately 2.27M in revenue per employee across its workforce of 217.75, a quick read on workforce productivity versus industry peers.

Over the twelve months ended May 31, 2026, Applied Digital Corporation recorded 1.53M in income tax expense. The company reported a pretax loss of -174.10M and -209.22M in bottom-line net income, so the effective tax rate carries little signal until profitability returns.

As of the close on October 22, 2026, Applied Digital Corporation's stock has declined approximately 32.77% over the past 52 weeks. The 50-day moving average sits at 22.03, while the 200-day moving average is 27.54.

Over the twelve months ended May 31, 2026, Applied Digital Corporation generated 494.26M in revenue and converted that into -209.22M in net income, yielding earnings per share of -0.64. EBITDA reached -168.43M, while operating income came in at -173.43M.

As of May 31, 2026, Applied Digital Corporation holds 1.37B in cash and equivalents against 4.37B in total debt, resulting in a net debt position of 2.90B. Total book value stands at 1.47B, with working capital of 3.00B providing operational flexibility.

Applied Digital Corporation produced 76.93M in operating cash flow over the twelve months ended May 31, 2026. After subtracting -2.46B in capital expenditures, free cash flow totaled -2.38B - equivalent to -8.65 per share.

Over the twelve months ended May 31, 2026, Applied Digital Corporation posted a gross margin of 22.38, reflecting its pricing power and cost economics. The operating margin of -35.09 and net profit margin of -42.33 provide insight into operational efficiency.

Over the twelve months ended May 31, 2026, Applied Digital Corporation paid dividends of 0.02 per share. The dividend payout ratio of - - indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield is negative at -21.33: the business is consuming cash rather than generating it, so any dividend is not covered by free cash flow. Total shareholder yield is negative at -50.52, meaning Applied Digital Corporation raised more capital through share issuance and new debt than it returned via dividends and buybacks.

Applied Digital Corporation's most recent stock split took place on April 13, 2022 with a 6:1 split ratio.

As of May 31, 2026, Applied Digital Corporation has an Altman Z-Score of 1.63, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.