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Applied Digital free cash flow APLD

Cash from operations less capital spending, by quarter and over the last twelve months, from 2021.

Last 12 months, to Aug 31, 2026
−$4.5B
Latest quarter, Q1 FY27
−$2B
Fiscal year 2026
−$2.8B

Applied Digital's free cash flow was −$4.5B over the twelve months to Aug 31, 2026.

In its latest quarter, Q1 FY27, it was −$2B.

Free cash flow over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearFree cash flowChange
FY2026−$2.8Bn/a
FY2025−$797Mn/a
FY2024−$128Mn/a
FY2023−$70Mn/a
FY2022−$55.8Mn/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedFree cash flowOn a year earlierLast 12 months
Q1 FY27−$2Bn/a−$4.5B
Q4 FY26−$1.2Bn/a−$2.8B
Q3 FY26−$720.2Mn/a−$1.8B
Q2 FY26−$567.9Mn/a−$1.3B
Q1 FY26−$331.4Mn/a−$997.8M
Q4 FY25−$191.4Mn/a−$797M
Q3 FY25−$251.6Mn/a−$694.5M
Q2 FY25−$223.3Mn/a−$445.2M
Q1 FY25−$130.7Mn/a−$230.6M
Q4 FY24−$88.9Mn/a−$128M
Q3 FY24−$2.3M−1008%−$67M
Q2 FY24−$8.7Mn/a−$64.4M

Against its peers

Companies in Software - Application nearest Applied Digital's size, closest first, today.

CompanyFree cash flow yield
APLDApplied Digital−80.7%
PEGAPegasystems8.2%
TTDTrade Desk14.1%
RNGRingCentral9.2%
LIFLife3602.8%
FAFirst Advantage6.8%
HNGEHinge Health3.2%
MGNIMagnite6.6%
MTCHMatch10.9%
ESTCElastic3.2%
FIVNFive97.4%
Peer median7.1%

What the free cash flow tells you

Cash from operations minus capital spending. The cash the company could hand back or reinvest.

Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.

More on Applied Digital

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.