Applied Digital reported capital expenditure of $2.87B for fiscal 2026, +320.4% versus $682M in fiscal 2025.
Capex equals 469% of fiscal-year revenue ($611M).
The highest single reported period was $2.07B (period ending 2026-08-31).
The latest reported period, 2026Q1, shows $2.07B; the dataset covers 18 reported periods (2022–2026), all from SEC XBRL filings.
Every capital-expenditure figure Applied Digital has reported to the SEC, unedited. Capex is the XBRL concept PaymentsToAcquireProductiveAssets; a capex/revenue ratio above 100% means the company is investing more than it earns to secure capacity. Each row links to the filing it came from.
| Fiscal year | Capex | YoY |
|---|---|---|
| FY2026 | $2.87B | +320% |
| FY2025 | $682M | +381% |
| FY2024 | $142M | +10% |
| FY2023 | $129M | +134% |
| FY2022 | $55M | — |
| Period end | Period | Capex |
|---|---|---|
| 2026-08-31 | FY2026 Q1 | $2.07B |
| 2026-05-31 | FY2026 FY | $2.87B |
| 2026-02-28 | FY2026 9 mo. cumulative | $1.58B |
| 2025-11-30 | FY2025 6 mo. cumulative | $801M |
| 2025-08-31 | FY2025 Q1 | $249M |
| 2025-05-31 | FY2025 FY | $682M |
| 2025-02-28 | FY2025 9 mo. cumulative | $483M |
| 2024-11-30 | FY2024 6 mo. cumulative | $226M |
| 2024-08-31 | FY2024 Q1 | $55M |
| 2024-05-31 | FY2024 FY | $142M |
| 2024-02-29 | FY2024 9 mo. cumulative | $87M |
| 2023-11-30 | FY2023 6 mo. cumulative | $46M |
| 2023-08-31 | FY2023 Q1 | $33M |
| 2023-05-31 | FY2023 FY | $129M |
| 2023-02-28 | FY2023 9 mo. cumulative | $96M |
| 2022-11-30 | FY2022 6 mo. cumulative | $70M |
| 2022-08-31 | FY2022 Q1 | $32M |
| 2022-05-31 | FY2022 FY | $55M |
Source: SEC XBRL company-concept API, concept PaymentsToAcquireProductiveAssets, CIK 1144879. See Methodology.