Company / Working Capital
Applied Digital Corp. Working Capital History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$127.6M
FY2025
5-year range
-$150.0M / $11.4M
FY2021-FY2025
Trend
+14.9%
vs FY2024
Sector context
#287 of 311
Information Technology
What the data says
Among 311 Information Technology companies, Applied Digital Corp. is in the bottom 8% for working capital. Working Capital returned to growth in FY2025 after 2 years of decline, reaching -$128M.
Based on SEC 10-K filings.
-$128M in FY2025.
Declined from -$70M to -$128M over the past 2 years.
Information Technology sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 8% in Information TechnologyTop 92% of 311This company -$127.6M Sector average $1.7B
▼
-107.4% below sector average
Key checks
Key Insights
- In FY2025, working capital increased 14.9% year-over-year.
- Ranks #287 out of 311 companies in the Information Technology sector.
- Peak working capital was recorded in FY2022.
- Lowest working capital in the period was in FY2024.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -0.11 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$127.6M | +14.9% |
| FY2024 | -$150.0M | -114.9% |
| FY2023 | -$69.8M | -714.1% |
| FY2022 | $11.4M | +22.8% |
| FY2021 | $9.3M | - |
| FY2020 | - | - |
As of FY2025 · SEC 10-K · Updated Mar 24, 2026