Applied Digital Corporation (APLD)财务
NASDAQ · Technology · Information Technology Services · 员工256人 · CEO Wes Cummins
- 股价
- $17.82 -8.22%
- 市值
- $53.9亿
- 企业价值
- $89.2亿
- 最近财报
- Q1 '27 2026-10-07提交
- 下次财报
- 2027-01-06
营收(TTM)$8.54亿+267.9% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-27.7%+16.4 百分点 对比去年同期营业利润 -$2.36亿
净利润(TTM)-$4.62亿-89.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$44.6亿-346.5% 对比去年同期资本支出 $46.9亿
稀释EPS(TTM)-$1.64-45.1% 对比去年同期最近4个季度之和
净现金-$35.3亿-464.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $53.9亿 EV $89.2亿
- 营收
- $8.54亿 过去12个月
- 营收增速
- – 下一财年
- 净利润率
- -54.2% 净利润 / 营收,TTM
- P/E
- -10.9×
- P/S
- 6.3× 股价 / 营收,TTM
- EV / EBITDA
- -63.0× TTM
- 自由现金流
- -$44.6亿 过去12个月
- 净利润
- -$4.62亿 过去12个月
- 营收预期
- – 下一财年
- 盈利
- 2027-01-06
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-07):营收超预期194.0%,EPS 超预期96.6%营收$3.42亿,预期$1.16亿(+194.0%);EPS -$0.01,预期-$0.30(+96.6%)。
- 营收增长加速:同比432.4%Q1 '27营收$3.42亿,此前四个季度的平均值为162.5%。
- 营业利润率-27.7%(TTM),较去年同期+16.4 百分点营收增长267.9%,营业利润增长-131.2%。
- 资本支出占营收的549.4%(去年为377.6%)最近4个季度投入$46.9亿(同比+435.4%)。自由现金流-$44.6亿。
- 稀释股数一年内增加13.9%Q1 '27稀释股数2.92亿,一年前为2.56亿。
- 净债务 $35.3亿现金 + 短期投资 $29.5亿,含租赁债务 $64.8亿;一年前净债务 $6.26亿。
- HPC Hosting Business:营收+898.8%,利润率12.7%(此前为-7.7%)Q1 '27增长最快的披露分部:营收$2.63亿,营业利润$3340万(来自财报的分部附注)。
上一季度:Q1 '27
截至2026-08-31的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q1 '27 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $3.42亿 | $6420万 | +432.4% |
| 毛利率 | 15.3% | 13.4% | +1.9 百分点 |
| 营业利润 | -$6240万 | -$2050万 | -203.7% |
| 营业利润率 | -18.2% | -32.0% | +13.7 百分点 |
| 净利润 | -$2.36亿 | -$1690万 | -1,291.6% |
| 稀释EPS | -$0.82 | -$0.07 | -1,071.4% |
| 经营现金流 | $6390万 | -$8200万 | +177.9% |
| 资本支出 | $20.7亿 | $2.49亿 | +731.8% |
| 自由现金流 | -$20.1亿 | -$3.31亿 | -506.7% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $6650万 | $1550万 | +330.0% |
实际 vs 一致预期
2026-10-07| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $3.42亿 | $1.16亿 | +194.0% |
| EPS(一致预期口径) | -$0.01 | -$0.30 | +96.6% |
来自2026-10-07发布的Q1 '27财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q4 '22 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Mining Segment | $299万 | – | 100.0% | – | – | |
| Hosting Revenue | – | – | – | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q1 '27分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| HPC Hosting Business | $2.63亿 | +898.8% | $3340万 | +1,753.4% | 12.7% | -7.7% | $7460万 |
| Data Center Hosting Business | $3780万 | -0.4% | $1330万 | +120.8% | 35.3% | 15.9% | $5560万 |
| Cloud Services Business | – | – | – | – | – | – | – |
| Datacenter Hosting Segment | – | – | – | – | – | – | – |
| Cloud Services Segment | – | – | – | – | – | – | – |
| HPC Hosting Segment | – | – | – | – | – | – | – |
| Datacenter Hosting Business | – | – | – | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $2.36亿
- 资本支出
- -$46.9亿
- 股票回购
- -$96.2万
- 股息
- $0
- 收购
- $5.01亿
- 债务净发行
- $56亿
- 股权激励费用
- $2.71亿
- 自由现金流
- -$44.6亿
- 股东回报 / FCF
- -0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -10.9× | – | – |
| EV / EBITDA | -63.0× | 25.9× 5年中的1年 | 25.9× – 25.9× |
| EV / 营收 | 10.4× | 17.0× | 4.5× – 29.3× |
| 股价 / FCF | -1.2× | – | – |
| 股价 / 净资产 | 2.9× | 6.1× | 2.2× – 13.2× |
| FCF收益率 | -82.7% | -27.0% | -58.0% – -9.2% |
| 投入资本回报率 | -2.3% | -12.6% | -26.8% – -2.7% |
| 净资产收益率 | -28.0% | -55.5% | -119.6% – -13.7% |
分析师
一致目标价 $58.20 (+226.7%)
区间 $22.00 – $90.00 · 评级 Buy
强烈买入0
买入15
持有1
卖出0
强烈卖出0
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Applied Digital Corp.在近期10-Q / 10-K文件中标记的全部295项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| – | – | – | $0 | – | – | |
| – | – | – | 0.0% | – | – | |
| – | – | – | $0 | – | – | |
| – | – | – | $0 | – | – | |
| Accounts Payable, Current | $3.37亿 | $1.73亿 | +94.9% | $3.95亿 | $2.51亿 | +57.3% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.14亿 | $2910万 | +291.7% | $5630万 | $683万 | +724.4% |
| Accounts Receivable, Allowance for Credit Loss, Current | $02026-05-31 | $950万 | -100.0% | $0 | $950万 | -100.0% |
| Accrued Liabilities, Current | $8.5亿 | $1.83亿 | +364.8% | $5.48亿 | $3010万 | +1,721.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.07亿 | $2660万 | +301.8% | $7760万 | $2660万 | +192.1% |
| Additional Paid in Capital | $24.9亿 | $15.7亿 | +58.4% | $24.3亿 | $10.1亿 | +140.8% |
| Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock | $154万 | $158万 | -2.1% | $626万 | $262万 | +139.4% |
| Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | – | – | – | $28.4万2024-05-31 | – | – |
| Adjustments to Additional Paid in Capital, Warrant Issued | $0 | $1.21亿 | -100.0% | $1.05亿 | $1.36亿 | -23.2% |
| Amortization of Debt Issuance Costs | $590万 | $485万 | +21.5% | $632万 | $956万 | -33.9% |
| Amortization of Debt Issuance Costs and Discounts | – | – | – | $2660万2025-05-31 | $11.7万 | +22,615.4% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 750万 | 440万 | +70.5% | 150万 | 2170万 | -93.1% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $6920万 | $1550万 | +347.2% | $2.25亿 | $2270万 | +891.7% |
| Assets | $117亿 | $24亿 | +388.0% | $99.3亿 | $18.7亿 | +431.0% |
| Assets Disposed of by Method Other than Sale, in Period of Disposition, Gain (Loss) on Disposition | $0 | -$224万 | +100.0% | -$240万 | -$114万 | -110.7% |
| Assets, Current | $40.8亿 | $6.42亿 | +536.2% | $46.6亿 | $1.33亿 | +3,411.2% |
| Assets, Fair Value Disclosure | $2.12亿 | – | – | – | – | – |
| Capital Expenditures Incurred but Not yet Paid | $4400万2025-11-30 | $4930万 | -10.6% | $2.46亿2025-05-31 | $8500万 | +189.9% |
| Cash and Cash Equivalents, at Carrying Value | $29.5亿 | $7390万 | +3,891.2% | $15.9亿 | $4400万 | +3,522.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $36.8亿 | $1.14亿 | +3,123.2% | $41.5亿 | $1.23亿 | +3,268.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations | $2000 | $0 | – | $2000 | $0 | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $36.8亿 | $1.14亿 | +3,123.2% | $41.5亿 | $1.23亿 | +3,268.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$4.75亿 | -$921万 | -5,063.3% | $40.3亿 | $9160万 | +4,298.2% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 6亿 | 4亿 | +50.0% | 6亿 | 6亿 | 0.0% |
| Common Stock, Shares, Issued | 3.04亿 | 2.79亿 | +9.2% | 2.95亿 | 2.34亿 | +26.0% |
| Common Stock, Shares, Outstanding | 2.97亿 | 2.69亿 | +10.3% | 2.88亿 | 2.25亿 | +28.0% |
| Common Stock, Value, Issued | $30.5万 | $27.4万 | +11.3% | $29.6万 | $23万 | +28.7% |
| Construction Payable, Current | $5.64亿 | $1.58亿 | +255.9% | $3.08亿 | $0 | – |
| Contract with Customer, Liability | $3930万 | $62.6万 | +6,178.0% | $467万 | $359万 | +29.8% |
| Contract with Customer, Liability, Current | $3920万 | $62.6万 | +6,164.7% | $467万 | $359万 | +29.8% |
| Contract with Customer, Liability, Noncurrent | $10.7万 | – | – | – | – | – |
| Conversion of Stock, Amount Converted | $1.5亿 | $2.42亿 | -38.2% | $8.75亿 | $4840万 | +1,710.1% |
| Cost of Revenue | $2.46亿 | $5880万 | +317.7% | $3.97亿 | $2.17亿 | +83.1% |
| Costs and Expenses | $4.04亿 | $9070万 | +345.7% | $8.48亿 | $3.01亿 | +181.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $142万 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Income Tax Expense (Benefit) | – | – | – | $179万 | $10.2万 | +1,652.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $36.8万 | $10.2万 | +260.8% |
| Debt Conversion, Converted Instrument, Amount | $02026-05-31 | $0 | – | $0 | $1.05亿 | -100.0% |
| Debt Instrument, Redemption Price, Percentage | – | – | – | 100.0%2024-11-04 | – | – |
| Debt Issuance Costs, Current, Net | $297万 | $718万 | -58.7% | $340万 | $547万 | -37.9% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Tax Assets, Gross | $2.26亿2026-05-31 | $1.06亿 | +113.0% | $2.26亿 | $1.06亿 | +113.0% |
| Deferred Tax Assets, in Process Research and Development | $473万2026-05-31 | $1310万 | -63.9% | $473万 | $1310万 | -63.9% |
| Deferred Tax Assets, Investments | $2350万2026-05-31 | $0 | – | $2350万 | $0 | – |
| Deferred Tax Assets, Net of Valuation Allowance | $5010万2026-05-31 | $4040万 | +24.1% | $5010万 | $4040万 | +24.1% |
| Deferred Tax Assets, Operating Loss Carryforwards | $1.59亿2026-05-31 | $6000万 | +165.6% | $1.59亿 | $6000万 | +165.6% |
| Deferred Tax Assets, Other | $20.2万2026-05-31 | $82.4万 | -75.5% | $20.2万 | $82.4万 | -75.5% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $383万2026-05-31 | $201万 | +91.0% | $383万 | $201万 | +91.0% |
| Deferred Tax Assets, Valuation Allowance | $1.76亿2026-05-31 | $6590万 | +167.6% | $1.76亿 | $6590万 | +167.6% |
| Deferred Tax Liabilities, Gross | $5010万2026-05-31 | $4040万 | +24.1% | $5010万 | $4040万 | +24.1% |
| Deferred Tax Liabilities, Investments | $2320万2026-05-31 | $0 | – | $2320万 | $0 | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-08-31, 10-K 2026-05-31, 10-Q 2026-02-28, 10-Q 2025-11-30, 10-Q 2025-08-31, 10-K 2025-05-31, 10-Q 2025-02-28, 10-Q 2024-11-30, 10-Q 2024-08-31
数据截至 2026-11-02