Applied Digital Corporation (APLD) — Free Cash Flow Generation Index

Latest as of February 2026: 9.19x

Applied Digital Corporation (APLD) has a Free Cash Flow Generation Index of 9.19x as of February 2026. Free cash flow of $899.36 Million represents 9% of operating cash flow ($97.87 Million). Read Applied Digital Corporation total liabilities for a breakdown of total debt and financial obligations.

FCF Generation Index

9.19x
Free Cash Flow / Operating CF

Free Cash Flow

$899.36 Million
USD

Operating Cash Flow

$97.87 Million
USD

Capital Expenditures

$801.49 Million
USD

Applied Digital Corporation Free Cash Flow Generation Index (2023–2024)

Historical FCF Generation Index trend for Applied Digital Corporation across 2 annual periods. Explore Applied Digital Corporation capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.

Annual Free Cash Flow Generation for Applied Digital Corporation (2023–2024)

Year-by-year Free Cash Flow Generation Index for Applied Digital Corporation. For the full company profile including market capitalisation, see Applied Digital Corporation (APLD) total market value.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2024 -9.28x $-128.01 Million $13.79 Million $141.81 Million ▼ -651.4%
2023 -1.24x $-72.54 Million $58.73 Million $131.28 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).