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Side-by-side financial comparison of Applied Digital Corp. (APLD) and Goosehead Insurance, Inc. (GSHD). Click either name above to swap in a different company.
Applied Digital Corp. is the larger business by last-quarter revenue ($126.6M vs $93.1M, roughly 1.4× Goosehead Insurance, Inc.). Goosehead Insurance, Inc. runs the higher net margin — 8.6% vs -11.4%, a 20.1% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 23.1%). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 9.2%).
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.
Goosehead Insurance is a U.S.-based personal lines insurance agency that offers a wide range of coverage products including auto, home, renters, flood, and specialty insurance. It partners with hundreds of insurance carriers to provide clients with tailored, cost-effective coverage options, operating via corporate locations and a national franchise network for independent agents.
APLD vs GSHD — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $93.1M |
| Net Profit | $-14.4M | $8.0M |
| Gross Margin | 20.6% | — |
| Operating Margin | -24.5% | 16.1% |
| Net Margin | -11.4% | 8.6% |
| Revenue YoY | 98.2% | 23.1% |
| Net Profit YoY | 89.6% | 204.0% |
| EPS (diluted) | $-0.07 | $0.19 |
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 | — | $93.1M | ||
| Q4 25 | $126.6M | $105.3M | ||
| Q3 25 | $64.2M | $90.4M | ||
| Q2 25 | $-33.3M | $94.0M | ||
| Q1 25 | $52.9M | $75.6M | ||
| Q4 24 | $63.9M | $93.9M | ||
| Q3 24 | $60.7M | $78.0M | ||
| Q2 24 | $43.7M | $78.1M |
| Q1 26 | — | $8.0M | ||
| Q4 25 | $-14.4M | $12.4M | ||
| Q3 25 | $-16.9M | $7.9M | ||
| Q2 25 | $-52.5M | $5.2M | ||
| Q1 25 | $-35.6M | $2.3M | ||
| Q4 24 | $-138.7M | $14.9M | ||
| Q3 24 | $-4.2M | $7.6M | ||
| Q2 24 | $-64.5M | $6.2M |
| 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 | — | 16.1% | ||
| Q4 25 | -24.5% | 29.4% | ||
| Q3 25 | -34.7% | 23.5% | ||
| Q2 25 | — | 16.7% | ||
| Q1 25 | -35.8% | 8.8% | ||
| Q4 24 | -29.1% | 29.7% | ||
| Q3 24 | 15.6% | 21.1% | ||
| Q2 24 | -68.4% | 19.7% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -11.4% | 11.8% | ||
| Q3 25 | -26.4% | 8.7% | ||
| Q2 25 | 157.8% | 5.5% | ||
| Q1 25 | -67.2% | 3.1% | ||
| Q4 24 | -217.2% | 15.8% | ||
| Q3 24 | -7.0% | 9.7% | ||
| Q2 24 | -147.5% | 7.9% |
| Q1 26 | — | $0.19 | ||
| Q4 25 | $-0.07 | $0.48 | ||
| Q3 25 | $-0.07 | $0.29 | ||
| Q2 25 | $-0.31 | $0.18 | ||
| Q1 25 | $-0.16 | $0.09 | ||
| Q4 24 | $-0.66 | $0.58 | ||
| Q3 24 | $-0.03 | $0.29 | ||
| Q2 24 | $-0.57 | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $25.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $-121.3M |
| Total Assets | $5.2B | $392.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $1.9B | $34.4M | ||
| Q3 25 | $73.9M | $51.6M | ||
| Q2 25 | $41.6M | $92.4M | ||
| Q1 25 | $68.7M | $70.2M | ||
| Q4 24 | $286.2M | $54.3M | ||
| Q3 24 | $58.2M | $47.5M | ||
| Q2 24 | $3.3M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $289.5M | ||
| Q3 25 | — | $290.0M | ||
| Q2 25 | — | $289.8M | ||
| Q1 25 | — | $290.3M | ||
| Q4 24 | — | $82.3M | ||
| Q3 24 | — | $84.6M | ||
| Q2 24 | — | $87.0M |
| Q1 26 | — | $-121.3M | ||
| Q4 25 | $1.4B | $-95.5M | ||
| Q3 25 | $1.0B | $-105.0M | ||
| Q2 25 | $497.7M | $-78.6M | ||
| Q1 25 | $454.6M | $-88.5M | ||
| Q4 24 | $434.6M | $43.9M | ||
| Q3 24 | $241.8M | $58.3M | ||
| Q2 24 | $124.8M | $39.8M |
| Q1 26 | — | $392.8M | ||
| Q4 25 | $5.2B | $414.9M | ||
| Q3 25 | $2.4B | $403.6M | ||
| Q2 25 | $1.9B | $436.6M | ||
| Q1 25 | $1.7B | $412.6M | ||
| Q4 24 | $1.5B | $397.7M | ||
| Q3 24 | $937.7M | $358.1M | ||
| Q2 24 | $762.9M | $338.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 2.19× |
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 | 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 | $91.8M | ||
| Q3 25 | $-82.0M | $24.2M | ||
| Q2 25 | $6.9M | $28.9M | ||
| Q1 25 | $5.9M | $15.5M | ||
| Q4 24 | $-52.3M | $71.5M | ||
| Q3 24 | $-75.9M | $28.1M | ||
| Q2 24 | $-34.1M | $18.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-567.9M | $86.1M | ||
| Q3 25 | $-331.4M | $23.7M | ||
| Q2 25 | $-191.4M | $27.2M | ||
| Q1 25 | $-251.6M | $14.9M | ||
| Q4 24 | $-223.3M | $70.6M | ||
| Q3 24 | $-130.7M | $28.0M | ||
| Q2 24 | $-88.9M | $18.6M |
| Q1 26 | — | — | ||
| Q4 25 | -448.6% | 81.8% | ||
| Q3 25 | -516.1% | 26.2% | ||
| Q2 25 | 574.8% | 28.9% | ||
| Q1 25 | -475.4% | 19.7% | ||
| Q4 24 | -349.6% | 75.1% | ||
| Q3 24 | -215.3% | 35.9% | ||
| Q2 24 | -203.5% | 23.9% |
| Q1 26 | — | — | ||
| Q4 25 | 436.1% | 5.4% | ||
| Q3 25 | 388.4% | 0.5% | ||
| Q2 25 | -595.4% | 1.8% | ||
| Q1 25 | 486.6% | 0.8% | ||
| Q4 24 | 267.8% | 1.0% | ||
| Q3 24 | 90.3% | 0.1% | ||
| Q2 24 | 125.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.38× | ||
| Q3 25 | — | 3.06× | ||
| Q2 25 | — | 5.61× | ||
| Q1 25 | — | 6.61× | ||
| Q4 24 | — | 4.82× | ||
| Q3 24 | — | 3.72× | ||
| Q2 24 | — | 3.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
GSHD
| Renewal Royalty Fees (2) | $43.6M | 47% |
| Renewal Commissions (1) | $18.2M | 20% |
| Contingent Commissions (1) | $10.7M | 11% |
| New Business Royalty Fees (2) | $7.9M | 8% |
| New Business Commissions (1) | $7.5M | 8% |
| Other | $3.7M | 4% |
| Initial Franchise Fees (2) | $1.6M | 2% |
