Applied Digital (APLD) Balance Sheet: Assets & Liabilities

Applied Digital (APLD) Balance Sheet

As of May 31, 2026 (end of fiscal 2026), Applied Digital reported total assets of $9.93B and total liabilities of $6.25B. Shareholders' equity was $1.72B, up 171.0% from $633.73M a year earlier. Total debt stood at $4.98B against $1.59B in cash and short-term investments, a net debt position of $3.38B. That puts debt-to-equity at 2.90, compared with 1.09 a year earlier.

Applied Digital Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Applied Digital Corporation (APLD) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	May 2026	May 2025	May 2024	May 2023	May 2022	May 2021	May 2020
Current Assets
Cash and Cash Equivalents	1.59	0.04	0.00	0.03	0.04	0.01	0.00
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	1.59	0.04	0.00	0.03	0.04	0.01	0.00
Accounts Receivable	0.06	0.01	0.00	0.00	0.00	0.00	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.02	0.08	0.40	0.02	0.00	0.00	0.00
Total Current Assets	4.66	0.13	0.40	0.05	0.04	0.01	0.00
Non-Current Assets
Property, Plant & Equipment (Net)	4.48	1.56	0.34	0.21	0.07	0.00	0.00
Long-Term Investments	0.13	0.01	0.00	0.00	0.00	0.00	0.00
Goodwill	0.05	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.23	0.18	0.02	0.00	0.01	0.00	0.00
Total Non-Current Assets	5.27	1.44	0.36	0.22	0.08	0.00	0.00
Total Assets	9.93	1.87	0.76	0.26	0.12	0.02	0.01
Current Liabilities
Accounts Payable	0.40	0.25	0.10	0.01	0.01	0.00	0.00
Short-Term Debt	0.02	0.01	0.05	0.01	0.00	0.00	0.00
Current Portion of Long-Term Debt	0.02	0.01	0.05	0.01	0.00	-	-
Accrued Liabilities	0.24	0.03	0.02	0.01	-	0.00	-
Deferred Revenue	0.02	0.02	0.02	0.09	0.01	0.00	0.00
Other Current Liabilities	0.10	0.02	0.37	0.01	0.00	0.00	0.00
Total Current Liabilities	1.16	0.50	0.55	0.12	0.03	0.00	0.00
Non-Current Liabilities
Long-Term Debt	4.96	0.68	0.08	0.08	0.01	0.00	0.00
Deferred Tax Liabilities	0.00	0.00	0.00	0.01	0.00	0.00	0.00
Other Non-Current Liabilities	0.01	0.00	0.00	0.00	0.00	0.02	0.00
Total Non-Current Liabilities	5.09	0.74	0.08	0.08	0.01	0.02	0.00
Total Liabilities	6.25	1.24	0.64	0.19	0.04	0.02	0.00
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-0.66	-0.48	-0.25	-0.10	-0.06	-0.02	-0.02
Treasury Stock	0.05	0.03	0.00	0.00	0.00	-	-
Additional Paid-in Capital	2.43	0.98	0.37	0.16	0.13	0.01	0.01
Minority Interest	1.96	0.00	0.00	0.01	0.01	0.00	0.00
Shares Outstanding	0.29	0.22	0.14	0.10	0.10	-	-
Total Stockholders' Equity	1.72	0.63	0.12	0.06	0.07	0.00	0.00
Total Liabilities & Equity	9.93	1.87	0.76	0.26	0.12	0.02	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Applied Digital Balance Sheet

How much debt does Applied Digital have?

Applied Digital had total debt of $4.98B as of May 31, 2026, against $1.59B in cash and short-term investments. Its debt-to-equity ratio was 2.90. Total debt was $688.16M a year earlier.

What are Applied Digital's total assets?

Applied Digital reported total assets of $9.93B as of May 31, 2026, up 431.0% from $1.87B a year earlier. Total liabilities were $6.25B.

What is Applied Digital's shareholders' equity?

Applied Digital's shareholders' equity was $1.72B as of May 31, 2026, or about $5.97 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition