Applied Digital Corp.
- APLD · Nasdaq
- Services-Computer Processing & Data Preparation
- Dallas, TX
- 256 employees
- CIK 0001144879
Updated from SEC filings through
Top things to know
Executives
-
Wes Cummins CEO; Chairman 4, 2026-08-04 - Mohammad Saidal LaVanway Mohmand Chief Financial Officer 4, 2026-08-04
-
Saidal Mohmand Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) 10-K, 2026-07-29 - Jason Gechen Zhang President 4, 2026-09-14
- Laura Laltrello Chief Operating Officer 4, 2026-08-04
What leadership is saying
“Our goal is to establish Applied Digital as the category leader in the design, construction, deployment, and operation of purpose-built AI factories”
Earnings press release (8-K Ex. 99.1), filed October 7, 2026
Applied Digital Corp. is a U.S. public company in services-computer processing & data preparation (SIC 7374), headquartered in Dallas, TX. It trades as APLD on Nasdaq. Revenue was $611M in the fiscal year ending May 31, 2026, +167.5% from the year before. It reported about 256 employees. Wes Cummins is CEO; Chairman.
Five-year financials
| Metric | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | $611M 10-K, 2026-07-29 | $229M 10-K, 2026-07-29 | $166M 10-K, 2026-07-29 | $55.4M 10-K, 2025-07-30 | $8.5M 10-K, 2023-08-02 |
| Operating income | -$236M 10-K, 2026-07-29 | -$72.2M 10-K, 2026-07-29 | -$98.3M 10-K, 2026-07-29 | -$42.9M 10-K, 2025-07-30 | -$20.9M 10-K, 2023-08-02 |
| SG&A | $332M 10-K, 2026-07-29 | $108M 10-K, 2026-07-29 | $97.8M 10-K, 2026-07-29 | $53.9M 10-K, 2025-07-30 | $19.9M 10-K, 2023-08-02 |
| Net income | -$184M 10-K, 2026-07-29 | -$231M 10-K, 2026-07-29 | -$149M 10-K, 2024-08-30 | -$44.6M 10-K, 2024-08-30 | -$23.5M 10-K, 2023-08-02 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Wes Cummins Founder and CEO, Applied Digital Corp. | CEO; Chairman | 4, 2026-08-04 |
| Mohammad Saidal LaVanway Mohmand | Chief Financial Officer | 4, 2026-08-04 |
| Saidal Mohmand | Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) | 10-K, 2026-07-29 |
| Jason Gechen Zhang | President | 4, 2026-09-14 |
| Laura Laltrello COO, Applied Digital | Chief Operating Officer | 4, 2026-08-04 |
| Chuck Hastings | Director | 10-K, 2026-07-29 |
| Douglas Miller | Director | 10-K, 2026-07-29 |
| Ella Benson | Director | 10-K, 2026-07-29 |
| Rachel Lee | Director | 10-K, 2026-07-29 |
| Richard Nottenburg | Director | 10-K, 2026-07-29 |
What Applied Digital Corp. does
-based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”), machine learning, and other accelerated-compute applications. We design, build, and operate high-performance, sustainably engineered data centers—which we refer to as AI factories—and deliver that capacity to investment-grade hyperscalers and other leading compute customers under long-term lease and hosting arrangements.
Shares and governance
| Shares outstanding | 302.4 million (as of October 6, 2026) | 10-Q, October 7, 2026 |
|---|---|---|
| Public float | $6.9B (as of November 30, 2025) | 10-K, July 29, 2026 |
| Reportable segments | 2 (period ending August 31, 2026) | 10-Q, October 7, 2026 |
| Latest proxy statement | Meeting September 25, 2026 (filed September 25, 2026) | DEF 14A, September 25, 2026 |
| Auditor | CBIZ CPAs P.C. (New York, NY) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| October 16, 2026 | Jason Gechen Zhang President | Buy | 300,000 | $5.7M | Form 4, October 19, 2026 |
| October 16, 2026 | Wes Cummins CEO; Chairman | Buy | 55,803 | $1.0M | Form 4, October 19, 2026 |
| October 13, 2026 | Richard N. Nottenburg Director | Sale | 31,250 | $683K | Form 4, October 15, 2026 |
| August 4, 2026 | Richard N. Nottenburg Director | Sale | 75,000 | $2.3M | Form 4, August 6, 2026 |
| April 30, 2026 | Richard N. Nottenburg Director | Sale | 25,000 | $832K | Form 4, April 30, 2026 |
| April 27, 2026 | Douglas S. Miller Director | Sale | 10,000 | $350K | Form 4, April 28, 2026 |
| January 29, 2026 | Chuck Hastings Director | Sale | 45,987 | $1.8M | Form 4, January 30, 2026 |
| January 16, 2026 | Wes Cummins CEO; Chairman | Sale | 165,000 | $6.0M | Form 4, January 16, 2026 |
Recent 8-K events
- 8-K filed 2026-11-06
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-10-07
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-27
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-26
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 3.02 Unregistered sales of equity securities
- 8-K filed 2026-06-16
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-06-09
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-09
- Item 8.01 Other events
- 8-K filed 2026-06-09
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-05-05
- Item 1.01 Entry into a material definitive agreement
- Item 2.01 Completion of acquisition or disposition of assets
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-04-23
- Item 7.01 Regulation FD disclosure
Frequently asked questions about Applied Digital Corp.
- What does Applied Digital Corp. do?
- Applied Digital Corp. is classified by the SEC as Services-Computer Processing & Data Preparation (SIC 7374). It is based in Dallas, TX.
- What is Applied Digital Corp.'s revenue?
- $611M for the fiscal year ending May 31, 2026, from its 10-K filed July 29, 2026.
- Is Applied Digital Corp. profitable?
- Applied Digital Corp. reported net income of -$184M for the fiscal year ending May 31, 2026.
- How many employees does Applied Digital Corp. have?
- About 256 as of May 31, 2026, as stated in its annual report.
- Who is the CEO of Applied Digital Corp.?
- Wes Cummins, CEO; Chairman, as named in a 4 filed August 4, 2026.
- Who is the CFO of Applied Digital Corp.?
- Mohammad Saidal LaVanway Mohmand, Chief Financial Officer, as named in a 4 filed August 4, 2026.
- Where is Applied Digital Corp. headquartered?
- Dallas, TX.
- What is Applied Digital Corp.'s stock ticker?
- APLD on Nasdaq.
- What industry is Applied Digital Corp. in?
- Services-Computer Processing & Data Preparation, SIC code 7374.
- What is Applied Digital Corp.'s website?
- applieddigital.com.
- When does Applied Digital Corp. report earnings next?
- January 6, 2027. Source: estimate_8k_pattern.
- Is Applied Digital Corp. a public company?
- Yes. Applied Digital Corp. files with the SEC under CIK 0001144879 and trades as APLD.
- Who audits Applied Digital Corp.?
- CBIZ CPAs P.C., New York, NY, as named in its latest annual report (10-K).
- How many shares of Applied Digital Corp. are outstanding?
- 302.4 million shares as of October 6, 2026, from its 10-Q filed October 7, 2026.
- What is Applied Digital Corp.'s public float?
- $6.9B as of November 30, 2025, as reported on the cover of its 10-K filed July 29, 2026.
- How many business segments does Applied Digital Corp. report?
- 2 reportable segments for the period ending August 31, 2026, from its 10-Q filed October 7, 2026.
- When is Applied Digital Corp.'s annual shareholder meeting?
- September 25, 2026, per its proxy statement (DEF 14A) filed September 25, 2026.
- Have Applied Digital Corp. insiders traded stock recently?
- Since August 4, 2025, officers and directors reported 25 open-market sales worth about $34.9M and 2 purchases worth about $6.7M on Forms 4 and 5. The most recent: Jason Gechen Zhang (President) bought 300,000 shares on October 16, 2026.