16.72
+7.52%
Close of 9 Nov 2026, in USD
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About Applied Digital
From its filings with the US Securities and Exchange Commission
Applied Digital is based in Dallas, Texas and is incorporated in Nevada. Its shares trade on Nasdaq under the ticker APLD. The SEC classifies its business as computer processing & data preparation. In the fiscal year to 31 May 2026, it reported revenue of $611.3m and a net loss of $184.3m. At that date it held total assets of $9.93bn and shareholders' equity of $1.72bn.
Over the past several fiscal years, we have evolved from a company focused on blockchain hosting into a purpose-built HPC data center platform organized around our proprietary AI factory model. Today, our growth, capital allocation, and operating focus are centered on developing and operating HPC data centers, while our legacy blockchain hosting operations represent a smaller, single-customer component of our business that we expect to continue to decline in relative significance over time.
We conduct our business through two reportable segments: our HPC data center hosting business (the “HPC Hosting Business”) and our blockchain data center hosting business (the “Data Center Hosting Business”). As discussed further under Note 1 - Business and Basis of Presentation and Note 19 - Business Segments, our cloud services business is no longer an operating or reportable segment following the May 2026 transaction.
We originate and control large, contiguous sites with access to substantial, cost-competitive power and the interconnection rights necessary to energize high-density compute at scale. We believe that securing power and interconnection ahead of demand is the principal constraint on new HPC capacity and a core differentiator for us from many of our competitors.
Quoted from its 10-K, filed 29 Jul 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 22 Jul 2002
- Employees
- 256
- Head office
- 3811 TURTLE CREEK BLVD., SUITE 2100, DALLAS, TX, 75219
- Incorporated in
- NV
- Classification
- Services-Computer Processing & Data Preparation
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Wesley CumminsChairman of the Board, President, Chief Executive Officer, since 2007$27.7m
- Mr. Saidal MohmandChief Financial Officer$9.8m
- Ms. Laura LaltrelloChief Operating Officer$9.9m
- Mr. Jason ZhangChief Strategy Officer, since 2022$11.5m
- Mr. Douglas MillerLead Independent Director$332,504
- Ms. Ella BensonIndependent Director$292,004
- Mr. Chuck HastingsIndependent Director$296,004
- Ms. Rachel LeeIndependent Director$293,504
- Dr. Richard NottenburgIndependent Director$311,004
- Mr. Matt GloverInvestor Relations
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 19
- Environment
- 9
- Social
- 34
- Governance
- 15
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Patented plasma gas chemistry technology for diverse applications.
- AWSM system enhances air traffic control safety and airport capacity.
- SOCRATES detects clear air turbulence and micro-bursts effectively.
Weaknesses
- Only 4 full-time employees currently employed.
- Limited to 256 total employees in the company.
- IPO listed in 2002 with no recent expansion.
Opportunities
- Growth in aviation safety technology demand globally.
- Expansion into new markets for UNICORN radar-based technology.
- Increased adoption of TIICM for aircraft missile countermeasures.
Threats
- Competition from established aviation safety companies.
- Regulatory changes affecting aircraft safety standards.
- Economic downturns impacting aviation industry investments.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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