APLD NASDAQ
Applied Digital Corp.
1W: +0.9%
1M: -20.5%
3M: -16.0%
YTD: -30.6%
1Y: -41.6%
3Y: +316.0%
$19.51
+1.68 (+9.42%)
Weekly Expected Move ±12.0%
$14
$16
$18
$20
$23
Credit Risk of going bust: higher than 93% of companies Debt: 52.4% of company value Bonds: $363.9M held by 331 funds, 312 bp over Treasuries → details ▾
Of US companies ranked in the riskiest tenth, about 1 in 20 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $3.06 (down 84%), Applied Digital Corp. would be worth roughly what it owes.
Total debt $6.48B against a stock market value of $5.90B.
Distance to default 1.18 (Merton model): prices to 2026-10-27, balance sheet 2026-08-31, debt counted $3.24B (short-term plus half of long-term), stock volatility 101.0%; Altman Z'' 1.26. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $3.06 (down 84%), Applied Digital Corp. would be worth roughly what it owes.
Total debt $6.48B against a stock market value of $5.90B.
Distance to default 1.18 (Merton model): prices to 2026-10-27, balance sheet 2026-08-31, debt counted $3.24B (short-term plus half of long-term), stock volatility 101.0%; Altman Z'' 1.26. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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37 relationships36
As Filer
counterparties named
1
As Counterparty
mentioned by others
5
Rel. Types
2023-06-26
Earliest Filing
2026-04-01
Latest Filing
partner: 23
customer: 5
investor: 5
target: 2
acquirer: 1
Counterparties (Filed by APLD)
36 relationshipsCompanies named in APLD's SEC 8-K filings as business counterparties.
| Counterparty | Ticker | Relationship | Summary | Filing Date | SEC |
|---|---|---|---|---|---|
| CoreWeave Compute Acquisition Co. VIII, LLC | CRWV | partner | SPV Tenant leasing Phase 2/4 Space from Landlord | 2026-04-01 | View |
| APLD ELN-02 LLC | — | partner | Landlord of the Datacenter Lease Building 2 | 2026-04-01 | View |
| COREWEAVE, INC. | CRWV | partner | Guarantor providing unconditional springing guaranty for SPV Tenant's lease obligations | 2026-04-01 | View |
| Applied Digital Corporation | APLD | partner | Parent entity of Landlord APLD ELN-02 LLC | 2026-04-01 | View |
| Applied Digital Corporation | APLD | partner | Guarantor providing unconditional guarantee for Principal's obligations under Design-Build Agreement | 2026-03-04 | View |
| The Babcock & Wilcox Company | — | partner | Beneficiary of the Guarantee and party to the Design-Build Agreement with Principal | 2026-03-04 | View |
| Base Electron, Inc. | — | partner | Principal obligated to perform under the Design-Build Agreement and subject to the Guarantee | 2026-03-04 | View |
| EKSO BIONICS HOLDINGS, INC. | EKSO | acquirer | Acquiring Cloud in exchange for common stock | 2026-02-17 | View |
| APLD CHRONOSCALE HOLDCO LLC | — | partner | Contributing Cloud shares to Issuer | 2026-02-17 | View |
| APPLIED DIGITAL CLOUD CORPORATION | APLD | target | Target company being contributed to Issuer | 2026-02-17 | View |
| APLD INTERMEDIATE HOLDCO LLC | — | partner | Parent of Contributor and Cloud | 2026-02-17 | View |
| Applied Digital Corporation | APLD | partner | Parent company and party to the Unit Purchase Agreement | 2025-10-09 | View |
| MIP HPC Holdings, LLC | — | customer | Purchaser of Preferred and Common Units | 2025-10-09 | View |
| APLD HPC TopCo LLC | — | partner | Party to the Unit Purchase Agreement and TopCo 1 | 2025-10-09 | View |
| APLD HPC TopCo 2 LLC | — | partner | Issuer and party to the Unit Purchase Agreement | 2025-10-09 | View |
| APLD Holdings 2 LLC | — | partner | Sole member of the Issuer and indirect subsidiary of APLD | 2025-10-09 | View |
| Macquarie Equity Investors | — | investor | Provider of equity financing via commitment letter | 2025-10-09 | View |
| CoreWeave | CRWV | customer | Applied Digital finalized a new 150MW lease agreement with CoreWeave for AI and HPC initiatives at the Polaris Forge 1 C | 2025-08-29 | View |
| APLD ELN-02 LLC | APLD | partner | Landlord in a datacenter lease agreement | 2025-06-02 | View |
| COREWEAVE, INC. | CVR | partner | Tenant in a datacenter lease agreement | 2025-06-02 | View |
| Northland Capital Markets | — | partner | Acted as Capital Markets Advisor for the financing transaction | 2025-02-12 | View |
| Paul Hastings LLP | — | partner | Acted as legal counsel to SMBC | 2025-02-12 | View |
| Lowenstein Sandler LLP | — | partner | Acted as legal counsel to the Company | 2025-02-12 | View |
| Milbank LLP | — | partner | Acted as legal counsel to the Company | 2025-02-12 | View |
| Applied Digital Corporation | APLD | target | Counterparty in a forward stock purchase transaction for 7,165,300 shares. | 2024-11-05 | View |
| YA II PN, LTD. | — | investor | Counterparty to Standby Equity Purchase Agreement for up to $250 million of Common Stock. | 2024-09-10 | View |
| YA II PN, LTD. | — | investor | Investor in Series F Convertible Preferred Stock offering and holder of Prepaid Advance Agreements. | 2024-08-30 | View |
| YA II PN, LTD. | — | investor | Investor in a $42.1M convertible promissory note financing agreement. | 2024-05-24 | View |
| Preferred Shareholder Services, LLC | — | partner | Provider of post-Offering support services | 2024-05-17 | View |
| Roth Capital Partners, LLC | — | partner | Entered into a Sales Agreement to act as agent for the Company's at-the-market offering of common stock. | 2024-05-06 | View |
| Marathon Digital Holdings, Inc. | MARA | partner | Parent company of Mara Garden City LLC, the buyer of the data center facility. | 2024-04-05 | View |
| Mara Garden City | — | customer | Delaware limited liability company that purchased the data center facility from Rattlesnake Den I. | 2024-04-05 | View |
| YA II PN, LTD. | — | investor | Investor in a Prepaid Advance Agreement providing up to $50 million in convertible unsecured promissory notes. | 2024-04-01 | View |
| Mara Garden City LLC | — | customer | Delaware limited liability company and subsidiary of Marathon Digital Holdings, Inc., agreed to purchase the data center | 2024-03-15 | View |
| Marathon Digital Holdings, Inc. | MARA | customer | Parent company of Mara Garden City LLC, a customer of the registrant and current user of the Facility being sold. | 2024-03-15 | View |
| Craig-Hallum Capital Group LLC | — | partner | Sales Agent for At Market Issuance Sales Agreement | 2023-06-26 | View |
Mentioned As Counterparty
1 mentionsOther companies that named APLD in their SEC 8-K filings.
Recent 8-K Filings (20)
| Filing Date | Description | Type | SEC |
|---|---|---|---|
| 2026-10-07 | Earnings Release; Exhibits | View | |
| 2026-07-27 | Earnings Release; Exhibits | View | |
| 2026-06-26 | Material Agreement; Financial Obligation; Unregistered Equity Sales; Exhibits | Agreement | View |
| 2026-06-17 | Material Agreement | Agreement | View |
| 2026-06-16 | Material Agreement; Financial Obligation; Exhibits | Agreement | View |
| 2026-06-09 | Regulation FD; Other Events; Exhibits | View | |
| 2026-06-09 | Regulation FD; Exhibits | View | |
| 2026-06-09 | Other Events; Exhibits | View | |
| 2026-05-05 | Material Agreement; Acquisition/Disposition; Regulation FD; Exhibits | Agreement Acquisition | View |
| 2026-04-23 | Regulation FD; Exhibits | View | |
| 2026-04-16 | Officer/Director Change | View | |
| 2026-04-08 | Earnings Release; Exhibits | View | |
| 2026-04-01 | Material Agreement; Exhibits | Agreement | View |
| 2026-03-13 | Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits | View | |
| 2026-03-10 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Departure/Electio | Agreement | View |
| 2026-03-04 | Other Events; Financial Statements and Exhibits | View | |
| 2026-03-04 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Financial Stateme | Agreement | View |
| 2026-03-02 | Regulation FD Disclosure; Other Events; Financial Statements and Exhibits | View | |
| 2026-02-17 | Entry into Material Definitive Agreement; Financial Statements and Exhibits | Agreement | View |
| 2026-02-09 | Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits | View |
Data extracted from SEC EDGAR 8-K filings using NLP. Relationships are as disclosed in filing text.
Covers 2021–2026. View on SEC EDGAR