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Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments; Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business which operates data centers to provide energized space to crypto mining customers.
2001
150
LTM Revenue $223M
LTM EBITDA $57.6M
$2.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Applied Digital has a last 12-month revenue (LTM) of $223M and a last 12-month EBITDA of $57.6M.
In the most recent fiscal year, Applied Digital achieved revenue of $166M and an EBITDA of -$43.4M.
Applied Digital expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Applied Digital valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $223M | XXX | $166M | XXX | XXX | XXX |
| Gross Profit | $18.6M | XXX | $17.2M | XXX | XXX | XXX |
| Gross Margin | 8% | XXX | 10% | XXX | XXX | XXX |
| EBITDA | $57.6M | XXX | -$43.4M | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | -26% | XXX | XXX | XXX |
| EBIT | -$47.9M | XXX | -$81.2M | XXX | XXX | XXX |
| EBIT Margin | -22% | XXX | -49% | XXX | XXX | XXX |
| Net Profit | -$214M | XXX | -$149M | XXX | XXX | XXX |
| Net Margin | -96% | XXX | -90% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $122M | XXX | XXX | XXX |
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As of May 30, 2025, Applied Digital's stock price is $7.
Applied Digital has current market cap of $1.5B, and EV of $2.5B.
See Applied Digital trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.5B | $1.5B | XXX | XXX | XXX | XXX | $-0.79 |
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Start Free TrialAs of May 30, 2025, Applied Digital has market cap of $1.5B and EV of $2.5B.
Applied Digital's trades at 12.5x EV/Revenue multiple, and 160.5x EV/EBITDA.
Equity research analysts estimate Applied Digital's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Applied Digital has a P/E ratio of -7.1x.
See valuation multiples for Applied Digital and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.5B | XXX | $1.5B | XXX | XXX | XXX |
| EV (current) | $2.5B | XXX | $2.5B | XXX | XXX | XXX |
| EV/Revenue | 11.2x | XXX | 12.5x | XXX | XXX | XXX |
| EV/EBITDA | 43.3x | XXX | 160.5x | XXX | XXX | XXX |
| EV/EBIT | -52.1x | XXX | -40.4x | XXX | XXX | XXX |
| EV/Gross Profit | 134.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | -7.1x | XXX | -8.2x | XXX | XXX | XXX |
| EV/FCF | -3.2x | XXX | -5.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialApplied Digital's last 12 month revenue growth is 12%
Applied Digital's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.7M for the same period.
Applied Digital's rule of 40 is -22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Applied Digital's rule of X is 55% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Applied Digital and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | 28% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -22% | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 55% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 59% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Applied Digital acquired XXX companies to date.
Last acquisition by Applied Digital was XXXXXXXX, XXXXX XXXXX XXXXXX . Applied Digital acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Applied Digital founded? | Applied Digital was founded in 2001. |
| Where is Applied Digital headquartered? | Applied Digital is headquartered in United States of America. |
| How many employees does Applied Digital have? | As of today, Applied Digital has 150 employees. |
| Who is the CEO of Applied Digital? | Applied Digital's CEO is Mr. Wesley Cummins. |
| Is Applied Digital publicy listed? | Yes, Applied Digital is a public company listed on NAS. |
| What is the stock symbol of Applied Digital? | Applied Digital trades under APLD ticker. |
| When did Applied Digital go public? | Applied Digital went public in 2002. |
| Who are competitors of Applied Digital? | Similar companies to Applied Digital include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of Applied Digital? | Applied Digital's current market cap is $1.5B |
| What is the current revenue of Applied Digital? | Applied Digital's last 12 months revenue is $223M. |
| What is the current revenue growth of Applied Digital? | Applied Digital revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Applied Digital? | Current revenue multiple of Applied Digital is 11.2x. |
| Is Applied Digital profitable? | Yes, Applied Digital is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Applied Digital? | Applied Digital's last 12 months EBITDA is $57.6M. |
| What is Applied Digital's EBITDA margin? | Applied Digital's last 12 months EBITDA margin is 26%. |
| What is the current EV/EBITDA multiple of Applied Digital? | Current EBITDA multiple of Applied Digital is 43.3x. |
| What is the current FCF of Applied Digital? | Applied Digital's last 12 months FCF is -$768M. |
| What is Applied Digital's FCF margin? | Applied Digital's last 12 months FCF margin is -345%. |
| What is the current EV/FCF multiple of Applied Digital? | Current FCF multiple of Applied Digital is -3.2x. |
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