Applied Digital Quarterly Balance Sheet
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Applied Digital financial position
As of Aug 31, 2026, Applied Digital reported total assets of $11.71 billion, up 388.0% from a year earlier against total liabilities of $7.91 billion. Shareholders' equity stood at $1.60 billion, or 13.7% of assets. The company held $2.95 billion in cash and equivalents against $6.26 billion of debt, a net debt position of $3.31 billion.
The current ratio (current assets divided by current liabilities) was 2.56, meaning short-term assets cover obligations due within a year. Debt-to-equity was 3.91.
Summary generated from market data by MetaCap's automated system. Methodology
Applied Digital balance sheet (quarterly)
| Quarter (USD) | Q1 20272026-08-31 | Q4 20262026-05-31 | Q3 20262026-02-28 | Q2 20262025-11-30 | Q1 20262025-08-31 | Q4 20252025-05-31 | Q3 20252025-02-28 | Q2 20252024-11-30 | Q1 20252024-08-31 | Q4 20242024-05-31 | Q3 20242024-02-29 | Q2 20242023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.95B | 1.59B | 1.73B | 1.91B | 73.91M | 43.95M | 68.74M | 286.24M | 58.22M | 3.34M | 4.43M | 9.22M |
| Receivables | 114.11M | 56.31M | 20.75M | 13.35M | 29.13M | 6.83M | 14.62M | 12.31M | 2.30M | 3.85M | 225.00K | 307.00K |
| Total Current Assets | 4.08B | 4.66B | 2.43B | 2.72B | 641.74M | 132.80M | 274.26M | 328.39M | 84.11M | 404.14M | 105.70M | 36.46M |
| Property, Plant & Equipment | 6.33B | 4.24B | 3.01B | 2.00B | 1.46B | 1.25B | 1.00B | 772.66M | 478.25M | 329.10M | 211.17M | 258.51M |
| Goodwill | 54.39M | 54.51M | — | — | — | 0 | — | — | — | — | — | — |
| Total Assets | 11.71B | 9.93B | 6.25B | 5.23B | 2.40B | 1.87B | 1.71B | 1.54B | 937.73M | 762.87M | 643.17M | 480.65M |
| Accounts Payable | 336.87M | 395.47M | 377.43M | 92.91M | 172.82M | 251.49M | 170.52M | 192.02M | 140.26M | 104.53M | 93.92M | 38.26M |
| Total Current Liabilities | 1.59B | 1.16B | 1.02B | 563.40M | 985.49M | 499.73M | 393.58M | 424.35M | 386.67M | 554.11M | 349.16M | 202.42M |
| Long-Term Debt | 6.26B | 4.96B | 2.59B | 2.59B | 305.28M | 677.83M | — | — | — | — | — | — |
| Total Liabilities | 7.91B | 6.19B | 3.68B | 3.16B | 1.29B | 1.24B | 1.21B | 1.05B | 640.60M | 638.04M | 524.68M | 325.00M |
| Shareholders' Equity | 1.60B | 1.72B | 1.58B | 1.45B | 1.04B | 497.69M | 454.65M | 434.57M | 241.85M | 124.83M | 118.49M | 155.66M |
| Retained Earnings | -837.82M | -662.33M | -583.06M | -512.38M | -497.98M | -481.06M | -428.52M | -392.96M | -254.28M | -249.99M | -185.54M | -122.70M |
| Total Debt | 6.26B | 4.96B | 2.59B | 2.59B | 305.28M | 677.83M | — | — | — | — | — | — |
| Net Cash (Debt) | -3.31B | -3.37B | -864.06M | -680.58M | -231.37M | -633.88M | 68.74M | 286.24M | 58.22M | 3.34M | 4.43M | 9.22M |
| Shares Outstanding | 297.07M | 287.88M | 285.38M | 279.08M | 269.29M | 224.91M | 224.39M | 216.56M | 157.44M | 139.05M | 122.42M | 117.73M |
This table shows 12 quarterly periods of Applied Digital's balance sheet, from Q1 2027 back to Q2 2024, across 15 line items including cash & equivalents, receivables, total current assets. Values in USD; B = billions, M = millions. Fiscal periods follow APLD's reporting calendar. What is a balance sheet?