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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 $251M
LTM EBITDA $75.5M
$1.7B
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 of $251M and a last 12-month EBITDA of $75.5M.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $55.4M | $166M | XXX | XXX | XXX |
| Gross Profit | -$1.0M | $11.0M | XXX | XXX | XXX |
| Gross Margin | -2% | 7% | XXX | XXX | XXX |
| EBITDA | -$36.9M | -$43.4M | XXX | XXX | XXX |
| EBITDA Margin | -67% | -26% | XXX | XXX | XXX |
| Net Profit | -$23.5M | -$44.6M | XXX | XXX | XXX |
| Net Margin | -42% | -27% | XXX | XXX | XXX |
| Net Debt | n/a | $47.4M | XXX | XXX | XXX |
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As of April 15, 2025, Applied Digital's stock price is $5.
Applied Digital has current market cap of $1.2B, and EV of $1.7B.
See Applied Digital trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.7B | $1.2B | XXX | XXX | XXX | XXX | $-0.76 |
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Sign UpAs of April 15, 2025, Applied Digital has market cap of $1.2B and EV of $1.7B.
Applied Digital's trades at 6.8x LTM EV/Revenue multiple, and 22.6x LTM EBITDA.
Analysts estimate Applied Digital's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Applied Digital and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.7B | XXX | XXX | XXX |
| EV/Revenue | 7.7x | XXX | XXX | XXX |
| EV/EBITDA | 56.5x | XXX | XXX | XXX |
| P/E | -6.8x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -4.3x | XXX | XXX | XXX |
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Sign UpApplied Digital's NTM/LTM revenue growth is 45%
Applied Digital's revenue per employee for the last fiscal year averaged $1.1M, while opex per employee averaged $0.7M for the same period.
Over next 12 months, Applied Digital's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Applied Digital's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Applied Digital and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 199% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 59% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.7M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 59% | XXX | 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 |
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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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Sign Up| 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 $1.2B |
| What is the current revenue of Applied Digital? | Applied Digital's last 12-month revenue is $251M. |
| What is the current EBITDA of Applied Digital? | Applied Digital's last 12-month EBITDA is $75.5M. |
| What is the current EV/Revenue multiple of Applied Digital? | Current revenue multiple of Applied Digital is 6.8x. |
| What is the current EV/EBITDA multiple of Applied Digital? | Current EBITDA multiple of Applied Digital is 22.6x. |
| What is the current revenue growth of Applied Digital? | Applied Digital revenue growth between 2023 and 2024 was 199%. |
| Is Applied Digital profitable? | Yes, Applied Digital is EBITDA-positive (as of the last 12 months). |
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