Technology
Price
$33.06
-6.93%Market Cap
$9.45B
Day High
$35.80
Day Low
$31.72
APLD delivered 139.3% revenue growth in Q3 FY2026 to $126.6M, but operating losses widened sharply to -$85.7M as SG&A surged 250.8%, while the balance sheet expanded dramatically with cash jumping to $1.73B following massive financing activity.
Key risk: Rapidly Escalating Operating Losses
Operating losses widened to -$85.7M in Q3 FY2026, with an operating margin of -67.6%, compared to -35.8% in the prior year. The 250.8% surge in SG&A suggests cost structures are scaling faster than revenue, raising concerns about the path to profitability.