Applied Digital (APLD) Margins & Profitability 2022-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 42.5%
EBITDA Margin: -51.2%
Op. Margin: -67.6%
Net Margin: -55.7%

Op. margin of -67.6% is down 31.9% YoY — costs are rising relative to revenue. Net margin at -55.7% and gross margin of 42.5% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit