# APPLIED DIGITAL CORPORATION (APLD) · Edgar & Edgarette company card

> Applied Digital (APLD) grew revenue 167% in FY2026 to $611 million, operating margin -38.7% against a 7.7% median for computer processing & data preparation, equity 17.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1144879 · fiscal year ended 2026-05-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/APLD) · [JSON](https://www.pops4.com/boards/company/APLD.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $611M |
| Revenue growth, 1 year | 167.5% |
| Revenue growth per year | 190.8% |
| Operating margin | -38.7% (prior year -31.6%) |
| Net margin | -30.2% |
| Operating cash flow | $90M |
| Capital spending | $2.9B |
| Free cash flow | −$2.8B |
| Cash | $1.6B |
| Long-term debt | — |
| Total assets | $9.9B |
| Total equity | $1.7B |
| Equity ÷ assets | 17.3% |
| Return on equity | -10.7% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 2.23 (grey zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: 0.86 (above the −1.78 line)
- Health Harbor boat: Old boat · three warning signs · operating loss: a margin of -38.7% in FY2026; free cash flow was negative: capital spending outran operating cash (-$2.8B in FY2026); revenue is hard to predict: its 80% range is ±42%
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $611.3M (FY2026). Experience: revenue up 167.5% on the year, up 190.8% a year over 4 years; operating margin -38.7%, down from -31.6%. Soundness: equity 17.3% of assets, return on equity -10.7%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $940.1M and $2.3B next year (method v4.1: its own 3-year record of growth weighed at 40% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $748.0M to $2.9B. A statistical range, not company guidance. Against peers (35 filers, $50M+ revenue, services-computer processing & data preparation): operating margin -38.7% against a 7.7% median; growth 167.5% against 10.2%.

Range logged 2026-09-27, receipt 1845fe8965267601, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 6, latest 2026-04-16 ([filing](https://www.sec.gov/Archives/edgar/data/1144879/000149315226017092/0001493152-26-017092-index.htm))

## Recent filings

- 8-K · filed 2026-11-06 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1144879/000114487926000063/0001144879-26-000063-index.htm)
- 10-Q · filed 2026-10-07 · [filing](https://www.sec.gov/Archives/edgar/data/1144879/000114487926000059/0001144879-26-000059-index.htm)
- 8-K · filed 2026-10-07 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1144879/000114487926000057/0001144879-26-000057-index.htm)
- DEF 14A · filed 2026-09-25 · [filing](https://www.sec.gov/Archives/edgar/data/1144879/000149315226044325/0001493152-26-044325-index.htm)
- 10-K · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/0001144879-26-000048-index.htm)
- 8-K · filed 2026-07-27 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1144879/000114487926000044/0001144879-26-000044-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001144879.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1144879

## Cite

POPS4, Edgar & Edgarette: APPLIED DIGITAL CORPORATION (APLD) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/APLD. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.