Applied Digital Corporation (APLD) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$19.41 -4.81% NASDAQ β€’ Public Delayed / 60s Snapshot

Applied Digital Corporation (APLD) carries a Roarable Rating of D+ (Sell) with 57/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh money.

ROARABLE D+ β€’ SELL / AVOID Cap $5.87B
INTERACTIVE SCENARIO DECK:
RQD QUANT TACHOMETERSELL / AVOID β€’ D+
025507510057
2-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw D+ Β· Rk C
Cash (9)Whales (10)SEC (8)Macro (13)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE-0.5% Base Target
$53 Bull$19 Base$15 Bear
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WHALE OPTIONS TUG-OF-WAR:52% Call Buyers ($2.3M)
48% PutsMax Pain: $19.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL β€’ FY 2025 (10-K)

How APLD Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$62.2M (10.2% FCF Margin)
Revenue$611.3MGross Profit $214.5M (35.1%)Cost of Sales $396.9MOp Profit $0 (0%)OpEx (R&D/SG&A) $214.5MNet Profit$0 (0%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

β–  Revenueβ–  Net Profitβ–  Free Cash Flow
FY23
Rev $136.6M
FY24
Rev $144.2M
FY25
Rev $611.3M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$611.3M35.1%-38.7%-$250.3M$62.2M-19.5%
FY 2024$144.2M-50.3%-50.1%-$233.7M-$121.9M-9.2%
FY 2023$136.6M44%-72%-$149.3M$7.6M-4%
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  • βœ“Live walkthrough of APLD's RQD Radar, SEC cash-conversion gap & downside levels
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APLD // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -47.97%β–Ό DESCENDING CHANNEL
2026-10-30O $18.21H $18.44L $17.19C $17.82VOL 26.56M
RES: $25.16SUP: $12.77SMA50: $24.06SMA200: $31.33
$53.07$43.34$33.62$23.90$14.17RES $25.16SUP $12.77$17.822026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

APLD Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
13.5%/yr Implied 5Y Growth

vs. +180.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on APLD today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for APLD. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for APLD today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’

APLD Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS β€’ SEC EDGAR Γ— CBOE Γ— FRED

How profitable is Applied Digital Corporation (APLD)?

In FY 2025 (10-K), APLD converted $611.3M of revenue into a 35.1% gross margin, 0% operating margin, and $62.2M in free cash flow (10.2% FCF margin).