Applied Digital Corporation APLD NASDAQ

NASDAQ Global Select • Technology • Information Technology Services • US • USD

SharesGrow Score

46/100

2/7 Pass

SharesGrow Intrinsic Value

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

Applied Digital Corporation (APLD) generated $-115.4M in operating cash flow for fiscal year 2025. After capital expenditures of $681.6M, free cash flow was $-797.01M.

Free cash flow margin was -369.8% of revenue. Cash conversion ratio was 0.5x, suggesting some earnings are non-cash.

The company returned $31.34M in share buybacks to shareholders during the period.

Criteria supported by this page:

HEALTH (17/100, Fail) — weak cash flow raises concerns about debt servicing
MOAT (42/100, Fail) — limited free cash flow weakens the competitive position
INCOME (10/100) — Cash conversion ratio was 0.5x suggests some earnings are non-cash items

Overall SharesGrow Score: 46/100 with 2/7 criteria passed.

SharesGrow 7-Criteria Score

46/100

SG Score

View full scorecard →

✓

VALUE

93/100

Price-to-Earnings & upside

→ Valuation

✓

FUTURE

100/100

Analyst consensus

→ Forecast

✗

PAST

0/100

→ Income

✗

HEALTH

17/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

42/100

Proven by this page

GROWTH

58/100

→ Income

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INCOME

10/100

→ Income

Applied Digital Corporation Cash Flow History

Metric	TTM	FY2025	FY2024	FY2023	FY2022
Operating Cash Flow	$-85.12M	$-115.4M	$13.79M	$58.74M	$-872K
Capital Expenditure	$-999.75M	$-681.6M	$-141.81M	$-131.28M	$-58.25M
Free Cash Flow	$-1.34B	$-797.01M	$-128.02M	$-72.54M	$-59.12M