APLD
Applied Digital Corporation
APLD trails on the overall score without a compensating advantage in the available component scores.
PLTR
Palantir Technologies Inc.
PLTR has the edge over APLD overall, supported by stronger valuation and stronger fundamentals.
APLD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Weak | |
| Weak |
APLD's revenue is currently strong, but its profitability, cash flow and balance sheet are weak.
PLTR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
PLTR's revenue, profitability, cash flow and balance sheet are all currently strong.
APLD PE Valuation
APLD has no meaningful PE right now: it lost money over the past year.
PLTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 75x | $172 | — |
| Current | 120x | $172 | — |
| Cheap | 165x | $236 | +37% |
| Fair | 251x | $359 | +109% |
| Expensive | 452x | $646 | +277% |
Historical ranges are pointers, not guarantees.
PLTR's PE is in its cheap range at 120x. If earnings grow as analysts expect, today's price would be 75x next year's earnings.
APLD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect APLD's losses to grow, with revenue growing. However, they disagree widely on these estimates.
PLTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
PLTR has the edge over APLD on the outlook, with more favorable earnings expectations.
APLD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.66 | -$0.53 |
| Q2 2026 | -$0.91 | +$0.18 |
| Q1 2026 | -$0.74 | +$0.68 |
| Q4 2025 | -$0.54 | +$1.24 |
| Q3 2025 | -$1.13 | +$0.09 |
| Q2 2025 | -$1.09 | +$0.22 |
| Q1 2025 | -$1.42 | -$0.61 |
| Q4 2024 | -$1.78 | -$1.41 |
APLD lost $1.66 per share over the past year, and its loss has widened in each of the last three quarters.
PLTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.30 | +61% |
| Q3 2026 | $1.43 | +240% |
| Q2 2026 | $1.17 | +290% |
| Q1 2026 | $0.89 | +287% |
| Q4 2025 | $0.63 | +232% |
| Q3 2025 | $0.42 | +110% |
| Q2 2025 | $0.30 | +76% |
| Q1 2025 | $0.23 | +92% |
| Q4 2024 | $0.19 | +111% |
PLTR has the edge over APLD on earnings quality, reporting a profit while its opponent remains loss making.
APLD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $341.9M | +432% |
| Q2 2026 | $258.7M | +407% |
| Q1 2026 | $126.6M | +139% |
| Q4 2025 | $126.6M | +98% |
| Q3 2025 | $64.2M | +5.8% |
| Q2 2025 | $51.1M | +17% |
| Q1 2025 | $52.9M | +22% |
| Q4 2024 | $63.9M | +51% |
APLD has the edge over PLTR on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | +17 points |
| Q2 2026 | -48% | +38 points |
| Q1 2026 | -68% | -32 points |
| Q4 2025 | -24% | +4.7 points |
| Q3 2025 | -35% | -50 points |
| Q2 2025 | -86% | -23 points |
| Q1 2025 | -36% | +93 points |
| Q4 2024 | -29% | -9.8 points |
APLD's operating margin was −18% last quarter, up 16 points from the same quarter a year ago.
PLTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +96% |
| Q2 2026 | $1.9B | +93% |
| Q1 2026 | $1.6B | +85% |
| Q4 2025 | $1.4B | +70% |
| Q3 2025 | $1.2B | +63% |
| Q2 2025 | $1B | +48% |
| Q1 2025 | $883.9M | +39% |
| Q4 2024 | $827.5M | +36% |
PLTR's revenue has grown year over year every quarter since late 2020: $2.3B last quarter, up 96% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +14 points |
| Q2 2026 | 47% | +20 points |
| Q1 2026 | 46% | +26 points |
| Q4 2025 | 41% | +40 points |
| Q3 2025 | 33% | +18 points |
| Q2 2025 | 27% | +11 points |
| Q1 2025 | 20% | +7.2 points |
| Q4 2024 | 1.3% | -9.5 points |
PLTR has the edge over APLD on profitability, with a higher operating margin.
APLD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$2B | -$1.7B |
| Q2 2026 | -$1.2B | -$965.1M |
| Q1 2026 | -$720.2M | -$468.6M |
| Q4 2025 | -$567.9M | -$344.6M |
| Q3 2025 | -$331.4M | -$200.8M |
| Q2 2025 | -$191.4M | -$102.5M |
| Q1 2025 | -$251.6M | -$249.3M |
| Q4 2024 | -$223.3M | -$214.6M |
APLD has burned cash in most quarters: −$4.5B over the past year, against −$998M the year before.
PLTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +139% |
| Q2 2026 | $1.2B | +126% |
| Q1 2026 | $891.8M | +193% |
| Q4 2025 | $764M | +67% |
| Q3 2025 | $500.9M | +20% |
| Q2 2025 | $531.6M | +276% |
| Q1 2025 | $304.1M | +140% |
| Q4 2024 | $457.2M | +54% |
PLTR has the edge over APLD on cash generation, producing positive trailing cash flow while its opponent burns cash.
APLD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +5.9% | +16.4M shares |
| 1 year | +14% | +35.7M shares |
| 3 years | +210% | +198M shares |
| 5 years | +19195% | +290M shares |
APLD has 292M diluted shares, up 14% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
PLTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +5.2M shares |
| 1 year | +0.1% | +2.9M shares |
| 3 years | +11% | +248M shares |
| 5 years | +31% | +610M shares |
| Available history | +184% | +1.7B shares |
PLTR has the edge over APLD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $19.2M |
| Q3 2025 | $19.2M |
| Q2 2025 | $18.6M |
| Q1 2025 | $18M |
| Q4 2024 | $18.6M |
| Q3 2024 | $18.9M |
| Q2 2024 | $17.7M |
| Q1 2024 | $9M |
APLD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 25.6x | High |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | -10.7x | Net Cash |
| Q3 2024 | -2.2x | Net Cash |
APLD's net debt is more than 20 years of its operating earnings (EBITDA).
PLTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.9x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | -6.1x | Net Cash |
PLTR has more cash than debt.
APLD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.9 | Neutral |
| Stochastic | 11.8 | Oversold |
APLD's weekly RSI is 35 (neutral) and its Stochastic is 12 (oversold).
PLTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.4 | Neutral |
| Stochastic | 47.4 | Neutral |
PLTR's weekly RSI is 51 (neutral) and its Stochastic is 47 (neutral).
APLD PE vs Technology Sector
APLD has no meaningful PE right now: it lost money over the past year.
PLTR PE vs Technology Sector
| Metric | PLTR | Sector median | Relative |
|---|---|---|---|
| PE | 120x | 28x | 331% above |
| PE % | 1 | 38 | 37 pts below |
PLTR is trading at 120x earnings, a 331% premium to the Technology sector's median of 28x.
APLD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.2 | 16% below |
| 20 week MA | $25.0 | 32% below |
| 50 week MA | $30.2 | 44% below |
| 100 week MA | $21.8 | 22% below |
| 200 week MA | $13.6 | 24% above |
APLD has fallen below most of its moving averages, though it's still 24% above its 200-week average.
PLTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $185.8 | 7.6% below |
| 20 week MA | $167.6 | 2.4% above |
| 50 week MA | $157.1 | 9.2% above |
| 100 week MA | $143.8 | 19% above |
| 200 week MA | $83.3 | 106% above |
PLTR has the edge over APLD on trend strength, trading above more of its moving averages.
APLD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $4.78 | $1.92 | -60% |
| 2023 | $1.92 | $6.74 | +251% |
| 2024 | $6.74 | $8.39 | +24% |
| 2025 | $8.39 | $24.1 | +187% |
| 2026 YTD | $24.1 | $17.0 | -30% |
APLD's yearly returns have swung widely, from +251% in 2023 to −60% in 2022. It's down 30% so far in 2026.
PLTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.20 | $27.8 | +202% |
| 2021 | $27.8 | $18.9 | -32% |
| 2022 | $18.9 | $6.29 | -67% |
| 2023 | $6.29 | $17.2 | +173% |
| 2024 | $17.2 | $79.1 | +361% |
| 2025 | $79.1 | $188.7 | +139% |
| 2026 YTD | $188.7 | $171.6 | -9.1% |
PLTR has the edge over APLD on returns for 2026, with the stronger performance.