APLDApplied Digital Corporation

$26.88

Is it safe?

Can APLD take a bad year?

Applied Digital Corporation holds $1.63B more cash than debt, and is burning $453M a quarter, about 0.9 years of cover.

$1.63B

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Altman Z-score
4.72

Altman Z-score · safe zone, above 3

Cash runway
0.9 years

Cash runway · burning $453M a quarter at the current rate

Details
Total debtQ3 2026
$98M
Cash and short-term investments
$1.73B
Net cash
$1.63B
EBITDA, trailing twelve months
−$156M
Operating profit, trailing twelve months
−$128M
Debt / equity
0.06×
Annualised volatilitytwo years of daily moves
130%
Worst drawdown on file
−82%
Below its 52-week high
−46%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.