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Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) and Applied Digital Corp. (APLD). Click either name above to swap in a different company.
Applied Digital Corp. is the larger business by last-quarter revenue ($126.6M vs $103.0M, roughly 1.2× ACADIA REALTY TRUST). ACADIA REALTY TRUST runs the higher net margin — 135.1% vs -11.4%, a 146.5% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs -1.3%). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 7.0%).
Acadia Realty Trust is a publicly traded real estate investment trust (REIT) that specializes in owning, operating, and redeveloping high-quality retail and mixed-use properties, primarily in dense, high-barrier-to-entry U.S. markets. Its portfolio includes neighborhood shopping centers, urban street retail assets, and community-focused mixed-use developments.
BAE Systems Digital Intelligence is an international defence and security technology firm owned by BAE Systems. They specialize in delivering digital solutions that enable rapid, data-driven decision-making. Their services, solutions and products span customers in Law Enforcement, National Security, Government Departments and Government Enterprises, Critical National Infrastructure, Telecommunications, the Military, and Space.
AKR vs APLD — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $103.0M | $126.6M |
| Net Profit | $139.1M | $-14.4M |
| Gross Margin | — | 20.6% |
| Operating Margin | 153.9% | -24.5% |
| Net Margin | 135.1% | -11.4% |
| Revenue YoY | -1.3% | 98.2% |
| Net Profit YoY | -58.2% | 89.6% |
| EPS (diluted) | — | $-0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $103.0M | — | ||
| Q4 25 | — | $126.6M | ||
| Q3 25 | — | $64.2M | ||
| Q2 25 | — | $-33.3M | ||
| Q1 25 | — | $52.9M | ||
| Q4 24 | $93.3M | $63.9M | ||
| Q3 24 | $87.7M | $60.7M | ||
| Q2 24 | $87.3M | $43.7M |
| Q1 26 | $139.1M | — | ||
| Q4 25 | — | $-14.4M | ||
| Q3 25 | — | $-16.9M | ||
| Q2 25 | — | $-52.5M | ||
| Q1 25 | — | $-35.6M | ||
| Q4 24 | $1.2M | $-138.7M | ||
| Q3 24 | $12.3M | $-4.2M | ||
| Q2 24 | $1.6M | $-64.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 7.1% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | -9.1% |
| Q1 26 | 153.9% | — | ||
| Q4 25 | — | -24.5% | ||
| Q3 25 | — | -34.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -35.8% | ||
| Q4 24 | 17.5% | -29.1% | ||
| Q3 24 | 19.9% | 15.6% | ||
| Q2 24 | 20.4% | -68.4% |
| Q1 26 | 135.1% | — | ||
| Q4 25 | — | -11.4% | ||
| Q3 25 | — | -26.4% | ||
| Q2 25 | — | 157.8% | ||
| Q1 25 | — | -67.2% | ||
| Q4 24 | 1.2% | -217.2% | ||
| Q3 24 | 14.0% | -7.0% | ||
| Q2 24 | 1.8% | -147.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-0.31 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | $0.08 | $-0.66 | ||
| Q3 24 | $0.07 | $-0.03 | ||
| Q2 24 | $0.01 | $-0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.4M | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $1.4B |
| Total Assets | $4.5B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.4M | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $73.9M | ||
| Q2 25 | — | $41.6M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | $16.8M | $286.2M | ||
| Q3 24 | $46.2M | $58.2M | ||
| Q2 24 | $31.9M | $3.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $497.7M | ||
| Q1 25 | — | $454.6M | ||
| Q4 24 | $2.1B | $434.6M | ||
| Q3 24 | $1.9B | $241.8M | ||
| Q2 24 | $1.8B | $124.8M |
| Q1 26 | $4.5B | — | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $4.4B | $1.5B | ||
| Q3 24 | $4.3B | $937.7M | ||
| Q2 24 | $4.3B | $762.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | 0.95× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-15.8M |
| Free Cash FlowOCF − Capex | — | $-567.9M |
| FCF MarginFCF / Revenue | — | -448.6% |
| Capex IntensityCapex / Revenue | 1.7% | 436.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-15.8M | ||
| Q3 25 | — | $-82.0M | ||
| Q2 25 | — | $6.9M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | $140.4M | $-52.3M | ||
| Q3 24 | $44.6M | $-75.9M | ||
| Q2 24 | $32.0M | $-34.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-567.9M | ||
| Q3 25 | — | $-331.4M | ||
| Q2 25 | — | $-191.4M | ||
| Q1 25 | — | $-251.6M | ||
| Q4 24 | — | $-223.3M | ||
| Q3 24 | — | $-130.7M | ||
| Q2 24 | — | $-88.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | -448.6% | ||
| Q3 25 | — | -516.1% | ||
| Q2 25 | — | 574.8% | ||
| Q1 25 | — | -475.4% | ||
| Q4 24 | — | -349.6% | ||
| Q3 24 | — | -215.3% | ||
| Q2 24 | — | -203.5% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | — | 436.1% | ||
| Q3 25 | — | 388.4% | ||
| Q2 25 | — | -595.4% | ||
| Q1 25 | — | 486.6% | ||
| Q4 24 | — | 267.8% | ||
| Q3 24 | — | 90.3% | ||
| Q2 24 | — | 125.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 121.08× | — | ||
| Q3 24 | 3.64× | — | ||
| Q2 24 | 20.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AKR
| Rental | $98.6M | 96% |
| Other | $4.4M | 4% |
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
