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27 /100
MEDIUM RISK
Score updated Oct 13, 2026

APLD — Applied Digital Corporation Dilution Risk Tracker

Track APLD dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Applied Digital Corporation (APLD) has a DilutionWatch DilutionScore of 27/100, rated MEDIUM dilution risk. Applied Digital Corporation has a market capitalization of $6.40B, 291.47M shares outstanding, 473 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
52
💰 Cash Runway
0
📊 Float Risk
12
⚠️ Warrant Exposure
15
🔄 Convertible Debt
15

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 0%
No significant dilution signals detected for APLD.
🔔 Track APLD — Get forecast alerts →

Market Data

Market Cap$6.40B
Shares Outstanding291.47M
Float253.86M
Cash$1.59B
Debt$7.19M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore27/100DilutionWatch score record
Shares Outstanding291.47MVerified float table or market cache
Public Float253.86MVerified float table or market cache
Market Cap$6.40BMarket data cache
Cash Runway140.4 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 4, 8-K 1, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 23.9% shares (2026Q1 vs prior)
473 institutional holders · 305.87M shares
#1 Hood River Capital Management LLC 23.08M shares
#2 VANGUARD CAPITAL MANAGEMENT LLC 21.55M shares
#3 BlackRock, Inc. 20.90M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest56.63M
Days to Cover3.4
% of Float22.3%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-07-29
xbrl XBRL CONVERTIBLE 2026-07-29
4 INSIDER TRANSACTION 2026-07-07
4 INSIDER TRANSACTION 2026-07-02
8-K 8K EVENT 2026-06-26
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual APLD Dilution Snapshot

Applied Digital Corporation (APLD) has a DilutionScore of 27/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

APLD's DilutionScore is currently 27/100 (Medium risk), with 1 score change tracked over 89 days. The score deteriorated from 39/100 (Medium risk).

Period Score Risk Level Duration
Aug 17 – Oct 13, 202627/100MEDIUM58 days
Jul 16 – Aug 16, 202639/100MEDIUM31 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

APLD shares outstanding have increased 2.2% from 279.59M (Feb 2026) to 285.77M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 23, 2026285.77M253.86M▲ 11.88%
May 22, 2026285.77M226.91M▼ 10.62%
May 04, 2026285.77M253.86M▲ 0.01%
Apr 18, 2026285.77M253.83M▲ 0.16%
Apr 17, 2026285.77M253.43M▼ 0.06%
Apr 11, 2026285.77M253.59M▲ 0.28%
Apr 10, 2026285.77M252.88M▲ 2.12%
Apr 04, 2026279.59M247.63M▲ 2.61%
Mar 28, 2026279.59M241.34M▼ 0.06%
Mar 20, 2026279.59M241.50M▲ 2.28%
Feb 14, 2026279.59M236.03M—
Feb 13, 2026279.59M236.03M—

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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