Applied Digital Corporation (APLD) — Tangible Net Worth Ratio
Applied Digital Corporation (APLD) has a Tangible Net Worth Ratio of 100.0% as of February 2026. This metric is calculated by deducting intangible assets ($0.00) from net assets ($2.57 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See APLD working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Applied Digital Corporation Tangible Net Worth Ratio (2003–2025)
This chart shows how Applied Digital Corporation's Tangible Net Worth Ratio has changed across 11 annual periods from 2003 to 2025. As of February 2026, the ratio stands at 100.0%, reflecting net assets of $2.57 Billion with intangible assets of $0.00 USD. See Applied Digital Corporation defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Applied Digital Corporation (2003–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Applied Digital Corporation from 2003 to 2025, covering 11 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Applied Digital Corporation market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | $633.73 Million | $0.00 | $1.87 Billion | ▲ +0.0 pp |
| 2024 | 100.0% | $124.83 Million | $0.00 | $762.87 Million | ▲ +0.0 pp |
| 2023 | 100.0% | $69.68 Million | $0.00 | $263.96 Million | ▲ +0.0 pp |
| 2022 | 100.0% | $79.23 Million | $0.00 | $119.98 Million | ▲ +68.1 pp |
| 2020 | 31.9% | $4.39 Million | $2.99 Million | $6.40 Million | ▼ -59.4 pp |
| 2008 | 91.3% | $787.96K | $68.19K | $1.27 Million | ▼ -1.1 pp |
| 2007 | 92.4% | $3.63 Million | $275.17K | $4.22 Million | ▼ -3.9 pp |
| 2006 | 96.4% | $6.33 Million | $230.75K | $7.16 Million | ▼ -1.5 pp |
| 2005 | 97.9% | $8.41 Million | $180.56K | $9.18 Million | ▼ -0.6 pp |
| 2004 | 98.5% | $9.96 Million | $149.99K | $10.72 Million | ▲ +9.9 pp |
| 2003 | 88.6% | $1.15 Million | $130.83K | $1.52 Million | — |