Is Applied Digital Corp. (APLD) Undervalued? Valuation & Fair Price
At $23.68, 4 of the 4 frameworks would pass on Applied Digital Corp. today — Warren Buffett, Benjamin Graham, Peter Lynch, and Phil Town (Rule #1) rate it Avoid. Each model calculates its own fair value and margin of safety; create a free account to see the exact buy price behind every verdict.
Applied Digital Corp.
APLDTechnology · Information Technology Services · NASDAQ
$23.68
P/E -35.0×
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.
Investor scorecard
How the four investors rate Applied Digital Corp.
4 of 4 frameworks urge caution
Investor model analysis
Details lockedAt $23.68, 4 of 4 frameworks say Avoid
Intrinsic Value (DCF)
Warren Buffett's valuation model · select an investor above to switch
Intrinsic Value
Locked — upgrade to viewBuy Below
Locked — upgrade to viewStrong Buy
Locked — upgrade to viewMargin of Safety
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Insider & congress activity
Are insiders buying APLD?
Over recent SEC Form 4 filings, APLD insiders bought $0 and sold $34.1M of stock across 28 open-market trades. Insiders sell for many reasons, but they buy for one.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| Nottenburg Richard Ndirector | Sell | 75,000 | $2.3M | Aug 4, 2026 |
| Nottenburg Richard Ndirector | Sell | 12,500 | $432K | Apr 30, 2026 |
| Nottenburg Richard Ndirector | Sell | 12,500 | $400K | Apr 28, 2026 |
| MILLER DOUGLAS Sdirector | Sell | 10,000 | $350K | Apr 27, 2026 |
| HASTINGS CHUCKdirector | Sell | 45,987 | $1.8M | Jan 29, 2026 |
Source: SEC Form 4 filings. Open-market buys & sells only. Not investment advice.
See the interactive insider chart & every tradeScenario analysis
Bear, base & bull
Three growth assumptions, three fair values — and where today's price lands
Company financials
5-Year Financials
Income statement highlights — annual, USD
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $611M | $216M | $137M | $55M | $9M |
| Rev. Growth | +183.7% | +57.7% | +146.6% | +547.9% | — |
| Net Income | -$244M | -$231M | -$149M | -$45M | -$24M |
| Net Margin | -39.9% | -107.2% | -109.3% | -80.6% | -275.1% |
| EPS (Diluted) | $-0.91 | $-1.16 | $-1.31 | $-0.48 | $-0.41 |
| Free Cash Flow | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view |
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Data as of Sep 18, 2026. Sourced from SEC filings & Financial Modeling Prep.
Educational Use Only · Not Financial Advice
Analysis, scores, valuations, and buy zones are derived from publicly documented investor frameworks (Buffett, Lynch, Benjamin Graham, Phil Town) for learning purposes only. They are not recommendations from licensed financial advisors. Past performance does not guarantee future results. Prices may be delayed up to 15 minutes. Always conduct your own research before making any investment decisions.