Applied Digital Corporation (APLD) - Net Assets
Based on the latest financial reports, Applied Digital Corporation (APLD) has net assets worth $2.57 Billion USD as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.25 Billion) and total liabilities ($3.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Applied Digital Corporation liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.57 Billion |
| % of Total Assets | 41.1% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | 7432.07% |
| Growth Volatility | 285.49 |
Applied Digital Corporation - Net Assets Trend (2002–2025)
This chart illustrates how Applied Digital Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Applied Digital Corporation assets under control for the complete picture of this company's asset base.
Annual Net Assets for Applied Digital Corporation (2002–2025)
The table below shows the annual net assets of Applied Digital Corporation from 2002 to 2025. For live valuation and market cap data, see Applied Digital Corporation market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $633.73 Million | +407.67% |
| 2024-05-31 | $124.83 Million | +79.15% |
| 2023-05-31 | $69.68 Million | -12.06% |
| 2022-05-31 | $79.23 Million | +3167.56% |
| 2021-05-31 | $-2.58 Million | -158.86% |
| 2020-05-31 | $4.39 Million | +456.94% |
| 2008-05-31 | $787.96K | -78.27% |
| 2007-05-31 | $3.63 Million | -42.67% |
| 2006-05-31 | $6.33 Million | -24.82% |
| 2005-05-31 | $8.41 Million | -15.52% |
| 2004-05-31 | $9.96 Million | +768.07% |
| 2003-05-31 | $1.15 Million | +45377.86% |
| 2002-05-31 | $-2.53K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Applied Digital Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 48103513100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $230.00K | 0.04% |
| Other Components | $1.11 Billion | 175.87% |
| Total Equity | $633.73 Million | 100.00% |
Applied Digital Corporation Competitors by Market Cap
The table below lists competitors of Applied Digital Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BARRY CALLEBA. ADR 1/100
F:BCLM
|
$7.31 Billion |
|
Verona Pharma PLC ADR
NASDAQ:VRNA
|
$7.31 Billion |
|
Asia Potash International Investment Guangzhou Co Ltd
SHE:000893
|
$7.31 Billion |
|
Andritz AG
VI:ANDR
|
$7.32 Billion |
|
Founder Technology Group Co Ltd
SHG:600601
|
$7.30 Billion |
|
Dundee Precious Metals Inc
TO:DPM
|
$7.29 Billion |
|
Indian Overseas Bank
NSE:IOB
|
$7.29 Billion |
|
Cirrus Logic Inc
NASDAQ:CRUS
|
$7.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Applied Digital Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 124,830,000 to 633,725,000, a change of 508,895,000 (407.7%).
- Net loss of 231,065,000 reduced equity.
- Dividend payments of 2,615,000 reduced retained earnings.
- Share repurchases of 31,342,000 reduced equity.
- New share issuances of 389,795,000 increased equity.
- Other factors increased equity by 384,122,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-231.06 Million | -36.46% |
| Dividends Paid | $2.62 Million | -0.41% |
| Share Repurchases | $31.34 Million | -4.95% |
| Share Issuances | $389.80 Million | +61.51% |
| Other Changes | $384.12 Million | +60.61% |
| Total Change | $- | 407.67% |
Book Value vs Market Value Analysis
This analysis compares Applied Digital Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.65x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-05-31 | $-0.01 | $33.55 | x |
| 2003-05-31 | $1.74 | $33.55 | x |
| 2004-05-31 | $9.65 | $33.55 | x |
| 2005-05-31 | $6.14 | $33.55 | x |
| 2006-05-31 | $4.62 | $33.55 | x |
| 2007-05-31 | $2.65 | $33.55 | x |
| 2008-05-31 | $0.57 | $33.55 | x |
| 2020-05-31 | $2.90 | $33.55 | x |
| 2021-05-31 | $-0.29 | $33.55 | x |
| 2022-05-31 | $1.27 | $33.55 | x |
| 2023-05-31 | $0.63 | $33.55 | x |
| 2024-05-31 | $1.09 | $33.55 | x |
| 2025-05-31 | $3.15 | $33.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Applied Digital Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -36.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -107.22%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.95x
- Recent ROE (-36.46%) is above the historical average (-69.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.00% | -362.24% | 2.22x | 0.00x | $-19.62K |
| 2003 | -82.27% | -86.36% | 0.72x | 1.32x | $-1.06 Million |
| 2004 | -4.26% | -11.80% | 0.34x | 1.08x | $-1.42 Million |
| 2005 | -16.78% | -42.64% | 0.36x | 1.09x | $-2.25 Million |
| 2006 | -35.69% | -58.34% | 0.54x | 1.13x | $-2.89 Million |
| 2007 | -76.89% | -180.26% | 0.37x | 1.16x | $-3.15 Million |
| 2008 | -417.06% | -975.18% | 0.27x | 1.61x | $-3.37 Million |
| 2020 | -5.99% | 0.00% | 0.00x | 1.46x | $-701.84K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-309.70K |
| 2022 | -32.55% | -275.12% | 0.07x | 1.66x | $-30.75 Million |
| 2023 | -76.63% | -82.33% | 0.21x | 4.43x | $-51.56 Million |
| 2024 | -119.58% | -109.26% | 0.18x | 6.11x | $-161.76 Million |
| 2025 | -36.46% | -107.22% | 0.12x | 2.95x | $-294.44 Million |
Industry Comparison
This section compares Applied Digital Corporation's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,104,557,236
- Average return on equity (ROE) among peers: 11.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Applied Digital Corporation (APLD) | $2.57 Billion | 0.00% | 1.43x | $7.31 Billion |
| Accenture plc (ACN) | $2.68 Billion | 35.12% | 2.34x | $110.67 Billion |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $89.55 Million |
| ARB IOT Group Limited Ordinary Shares (ARBB) | $318.84 Million | 8.10% | 0.24x | $8.21 Million |
| ASGN Inc (ASGN) | $1.38 Billion | 12.69% | 1.14x | $904.39 Million |
| Aurora Innovation Inc (AUR) | $1.99 Billion | -40.10% | 0.13x | $8.73 Billion |
| BigBearai Holdings Inc (BBAI) | $11.68 Million | 53.50% | 0.37x | $1.87 Billion |
| Broadridge Financial Solutions Inc (BR) | $745.80 Million | 25.77% | 2.80x | $18.21 Billion |
| BIT Mining Limited (BTCM) | $133.56 Million | 13.10% | 0.18x | $18.91 Million |
| CACI International Inc (CACI) | $2.67 Billion | 17.16% | 1.32x | $11.34 Billion |
About Applied Digital Corporation
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI,… Read more