Applied Digital Corporation（APLD）の財務APLDApplied Digital Corporation

Applied Digital Corporation (APLD) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is HPC Hosting Business, accounting for 80.0% of total sales, equivalent to $149.80M. Another important revenue stream is Data Center Hosting Business. Understanding this composition is critical for investors evaluating how APLD navigates market cycles within the Blockchain & Cryptocurrency industry.

Evaluating the bottom line, Applied Digital Corporation maintains a gross margin of 15.30%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -14.36%, while the net margin is -49.14%. These profitability ratios, combined with a Return on Equity (ROE) of -34.14%, provide a clear picture of how effectively APLD converts its operational activities into shareholder value.

In the context of the broader market, APLD competes directly with industry leaders such as WULF and CIFR. With a market capitalization of $7.23B, it holds a significant position in the sector. When comparing efficiency, APLD's gross margin of 15.30% stands against WULF's 23.07% and CIFR's -38.55%. Such benchmarking helps identify whether Applied Digital Corporation is trading at a premium or discount relative to its financial performance.

Applied Digital has shown volatile financial performance, with total revenue increasing to $258.75 million in Q4 2026, but net income remains negative, with a loss of $111.72 million in the same quarter. The gross margin fluctuated significantly, peaking at 42.49% in Q3 2026, but dropping to 15.66% in Q4 2026.