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Company Dossier · Information Technology

Applied Digital

APLDNasdaqInternet Services & InfrastructureHENDERSON, US-NV, USMid cap
  • Russell 1000

What Applied Digital is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.

Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →

The latest read

Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.

  • Revenue over the four quarters to February 28, 2026: $0.32 billion, up 68% from a year earlier.SEC EDGAR filings (XBRL)
  • Free cash flow (operating cash flow minus capital expenditure) over the four quarters to August 31, 2026: −$4.46 billion.SEC EDGAR filings (XBRL)
  • Capital expenditure over the four quarters to August 31, 2026: $4.69 billion, up 433% from a year earlier.SEC EDGAR filings (XBRL)
  • Latest earnings call or results release (October 7, 2026): sentiment 0.70 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.80 of 1.Palanor Discourse
  • Latest annual report (filed July 29, 2026): 5 risk factors added, 23 removed.Risk Factor Changes (10-K Item 1A)
  • Insiders were net sellers in Q3 2026: $2.3 million on the open market.SEC Form 4
  • 565 institutional managers reported a position at June 30, 2026 (+106 on the quarter before).SEC Form 13F
  • Headlines in the last 30 days: 9, of which 4 read positive and 1 negative.Palanor headline tone

Company Posture

How Company Posture is measured →

Company Posture covers S&P 500 companies.

Credit

How these are built →

No bond term sheets or tagged debt on file for Applied Digital yet.

Charts

Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.

Cash flow

Business

Applied Digital: free cash flow, trailing twelve months

Operating cash flow minus capital expenditure, $ billions, from SEC filings

−$4.5BData 53 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Applied Digital: operating cash flow and capital expenditure

Trailing twelve months, $ billions, from SEC filings

Data 53 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Applied Digital: revenue, trailing twelve months

$ billions, from SEC filings

$0.32BData to Feb 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Capital returned and raised

Business

Applied Digital: share buybacks by fiscal year

Cash paid to repurchase common stock, $ billions, from the 10-K

$0.00BData to May 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Applied Digital: debt due within a year and cash

At each balance-sheet date, $ billions, from SEC filings

Data 53 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Applied Digital: interest coverage

Operating income ÷ interest expense, trailing twelve months, from SEC filings

−3Data 53 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR

What the company says

Business

Applied Digital: earnings call sentiment

Palanor Discourse score per call, −1 to +1

0.70Data 16 days ago
ImageDataPalanor calculation
Business

Applied Digital: earnings call confidence

Palanor Discourse score per call, 0 to 1

0.80Data 16 days ago
ImageDataPalanor calculation
Business

Applied Digital: risk factors added per annual report

New Item 1A risk factors in each 10-K

5.0Data to Jul 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Hiring and ownership

Business

Applied Digital: insider net buying

Open-market purchases minus sales by officers and directors, $ millions, by quarter

−$2.3MData 23 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Applied Digital: institutional holders

Managers reporting a position on Form 13F, by quarter

565.0Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

In the news

Headlines that name Applied Digital, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.

30 days
9 headlines
44% positive · 11% negative
90 days
9 headlines
44% positive · 11% negative

Filings and records

The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.

  1. Sep 4, 2026Trademark
    Trademark application: APPLIED DIGITAL
  2. Sep 4, 2026Trademark
    Trademark application: APPLIED DIGITAL
  3. Jul 29, 202610-K
    Annual report (10-K)5 risk factors added, 23 removed
  4. Jul 20, 2026Lobbying
    Lobbying report (ELEVATE GOVERNMENT AFFAIRS, LLC)second_quarter 2026 · $0.1 million
  5. Jun 26, 20268-K
    Material agreement signedItem 1.01
  6. Jun 17, 20268-K
    Material agreement signedItem 1.01
  7. Jun 16, 20268-K
    Material agreement signedItem 1.01
  8. May 5, 20268-K
    Material agreement signedItem 1.01
  9. May 5, 20268-K
    Acquisition or sale completedItem 2.01
  10. Apr 21, 2026Lobbying
    Lobbying report (ELEVATE GOVERNMENT AFFAIRS, LLC)first_quarter 2026 · $0.1 million
  11. Apr 16, 20268-K
    Director or officer changeItem 5.02
  12. Apr 1, 20268-K
    Material agreement signedItem 1.01
  13. Mar 31, 2026Private credit
    Loans held by business development companies (Applied Digital Corporation)$1.0 million at cost
  14. Mar 13, 20268-K
    Director or officer changeItem 5.02
  15. Mar 10, 20268-K
    Material agreement signedItem 1.01
  16. Mar 10, 20268-K
    Director or officer changeItem 5.02
  17. Mar 4, 20268-K
    Material agreement signedItem 1.01
  18. Feb 17, 20268-K
    Material agreement signedItem 1.01
  19. Feb 9, 20268-K
    Director or officer changeItem 5.02
  20. Jan 21, 2026Lobbying
    Lobbying report (ELEVATE GOVERNMENT AFFAIRS, LLC)fourth_quarter 2025 · $0.1 million
  21. Jan 16, 20268-K
    Director or officer changeItem 5.02
  22. Jan 8, 20268-K
    Director or officer changeItem 5.02
  23. Dec 22, 20258-K
    Material agreement signedItem 1.01
  24. Dec 2, 20258-K
    Director or officer changeItem 5.02
  25. Nov 20, 20258-K
    Material agreement signedItem 1.01
  26. Nov 6, 20258-K
    Director or officer changeItem 5.02
  27. Nov 6, 20258-K
    Shareholder vote resultsItem 5.07
  28. Oct 21, 20258-K
    Material agreement signedItem 1.01
  29. Oct 20, 2025Lobbying
    Lobbying report (ELEVATE GOVERNMENT AFFAIRS, LLC)third_quarter 2025 · $0.1 million
  30. Oct 14, 2025Patent
    Patent granted: SYSTEM AND METHOD FOR PROVIDING A VERIFIED PRIVACY-PRESERVING ATTESTATION OF WEB SERVICE DATA PROPERTIESUS 12445300
  31. Oct 9, 20258-K
    Material agreement signedItem 1.01
  32. Sep 12, 20258-K
    Material agreement signedItem 1.01
  33. Aug 29, 20258-K
    Material agreement signedItem 1.01
  34. Aug 15, 20258-K
    Material agreement signedItem 1.01
  35. Jul 30, 202510-K
    Annual report (10-K)9 risk factors added, 10 removed
  36. Jul 22, 2025Lobbying
    Lobbying report (ELEVATE GOVERNMENT AFFAIRS, LLC)second_quarter 2025 · $0.1 million
  37. Jun 20, 20258-K
    Auditor changeItem 4.01
  38. Jun 2, 20258-K
    Material agreement signedItem 1.01
  39. May 1, 20258-K
    Material agreement signedItem 1.01
  40. May 1, 20258-K
    Material agreement terminatedItem 1.02

Peers

Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.

CompanyRevenueFree cash flowThrough
Verisign VRSN$1.7B$1.1BJun 30, 2026
Akamai Technologies AKAM$4.3B$1.0BJun 30, 2026
GoDaddy GDDY$5.1B$1.7BJun 30, 2026
Globalstar GSAT$0.3B—Jun 30, 2026
IonQ IONQ$0.3B−$0.5BJun 30, 2026
SiTime SITM$0.5B$0.1BJun 30, 2026
MicroStrategy MSTR$0.5B−$0.0BJun 30, 2026
Applied Optoelectronics AAOI$0.6B−$0.4BJun 30, 2026

Identity

SEC CIK
1144879
LEI
2549004NE2B6RYXINZ02

Built from SEC EDGAR filings (public domain), the Guidance and KPI Ledgers, Palanor Discourse, U.S. Department of Labor filings, USPTO, USAspending and Senate lobbying records, and rights-checked news headlines. Updated nightly; this page was built Oct 22, 2026. How the Dossier is built

S&P 500, S&P 100, S&P MidCap 400 and Dow Jones Industrial Average are trademarks of S&P Dow Jones Indices LLC or its affiliates; Nasdaq-100 is a trademark of Nasdaq, Inc.; Russell 1000 is a trademark of FTSE Russell. Membership is shown for identification only. Palanor is not affiliated with or endorsed by the index owners.

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