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Side-by-side financial comparison of Applied Digital Corp. (APLD) and HANMI FINANCIAL CORP (HAFC). Click either name above to swap in a different company.
Applied Digital Corp. is the larger business by last-quarter revenue ($126.6M vs $71.2M, roughly 1.8× HANMI FINANCIAL CORP). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs -11.4%, a 41.3% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 17.1%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 10.4%).
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.
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
APLD vs HAFC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $71.2M |
| Net Profit | $-14.4M | $21.2M |
| Gross Margin | 20.6% | — |
| Operating Margin | -24.5% | 29.8% |
| Net Margin | -11.4% | 29.8% |
| Revenue YoY | 98.2% | 17.1% |
| Net Profit YoY | 89.6% | 20.0% |
| EPS (diluted) | $-0.07 | $0.70 |
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.
| Q4 25 | $126.6M | $71.2M | ||
| Q3 25 | $64.2M | $71.0M | ||
| Q2 25 | $-33.3M | $65.2M | ||
| Q1 25 | $52.9M | $62.8M | ||
| Q4 24 | $63.9M | $60.8M | ||
| Q3 24 | $60.7M | $58.5M | ||
| Q2 24 | $43.7M | $56.7M | ||
| Q1 24 | $43.3M | $58.4M |
| Q4 25 | $-14.4M | $21.2M | ||
| Q3 25 | $-16.9M | $22.1M | ||
| Q2 25 | $-52.5M | $15.1M | ||
| Q1 25 | $-35.6M | $17.7M | ||
| Q4 24 | $-138.7M | $17.7M | ||
| Q3 24 | $-4.2M | $14.9M | ||
| Q2 24 | $-64.5M | $14.5M | ||
| Q1 24 | $-62.8M | $15.2M |
| 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 24 | -8.6% | — |
| Q4 25 | -24.5% | 29.8% | ||
| Q3 25 | -34.7% | 31.1% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | -35.8% | 28.1% | ||
| Q4 24 | -29.1% | 29.1% | ||
| Q3 24 | 15.6% | 25.5% | ||
| Q2 24 | -68.4% | 25.5% | ||
| Q1 24 | -128.8% | 26.0% |
| Q4 25 | -11.4% | 29.8% | ||
| Q3 25 | -26.4% | 31.1% | ||
| Q2 25 | 157.8% | 23.2% | ||
| Q1 25 | -67.2% | 28.1% | ||
| Q4 24 | -217.2% | 29.1% | ||
| Q3 24 | -7.0% | 25.5% | ||
| Q2 24 | -147.5% | 25.5% | ||
| Q1 24 | -145.0% | 26.0% |
| Q4 25 | $-0.07 | $0.70 | ||
| Q3 25 | $-0.07 | $0.73 | ||
| Q2 25 | $-0.31 | $0.50 | ||
| Q1 25 | $-0.16 | $0.58 | ||
| Q4 24 | $-0.66 | $0.58 | ||
| Q3 24 | $-0.03 | $0.49 | ||
| Q2 24 | $-0.57 | $0.48 | ||
| Q1 24 | $-0.52 | $0.50 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $796.4M |
| Total Assets | $5.2B | $7.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | — | ||
| Q3 25 | $73.9M | — | ||
| Q2 25 | $41.6M | — | ||
| Q1 25 | $68.7M | — | ||
| Q4 24 | $286.2M | — | ||
| Q3 24 | $58.2M | — | ||
| Q2 24 | $3.3M | — | ||
| Q1 24 | $4.4M | — |
| Q4 25 | $1.4B | $796.4M | ||
| Q3 25 | $1.0B | $779.5M | ||
| Q2 25 | $497.7M | $762.8M | ||
| Q1 25 | $454.6M | $751.5M | ||
| Q4 24 | $434.6M | $732.2M | ||
| Q3 24 | $241.8M | $736.7M | ||
| Q2 24 | $124.8M | $707.1M | ||
| Q1 24 | $118.5M | $703.1M |
| Q4 25 | $5.2B | $7.9B | ||
| Q3 25 | $2.4B | $7.9B | ||
| Q2 25 | $1.9B | $7.9B | ||
| Q1 25 | $1.7B | $7.7B | ||
| Q4 24 | $1.5B | $7.7B | ||
| Q3 24 | $937.7M | $7.7B | ||
| Q2 24 | $762.9M | $7.6B | ||
| Q1 24 | $643.2M | $7.5B |
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 | $206.0M |
| Free Cash FlowOCF − Capex | $-567.9M | $203.7M |
| FCF MarginFCF / Revenue | -448.6% | 286.2% |
| Capex IntensityCapex / Revenue | 436.1% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 9.70× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | $356.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.8M | $206.0M | ||
| Q3 25 | $-82.0M | $146.9M | ||
| Q2 25 | $6.9M | $-19.0M | ||
| Q1 25 | $5.9M | $25.8M | ||
| Q4 24 | $-52.3M | $52.6M | ||
| Q3 24 | $-75.9M | $6.7M | ||
| Q2 24 | $-34.1M | $2.1M | ||
| Q1 24 | $38.8M | $30.0M |
| Q4 25 | $-567.9M | $203.7M | ||
| Q3 25 | $-331.4M | $146.4M | ||
| Q2 25 | $-191.4M | $-19.6M | ||
| Q1 25 | $-251.6M | $25.6M | ||
| Q4 24 | $-223.3M | $49.9M | ||
| Q3 24 | $-130.7M | $6.5M | ||
| Q2 24 | $-88.9M | $1.3M | ||
| Q1 24 | $-2.3M | $29.2M |
| Q4 25 | -448.6% | 286.2% | ||
| Q3 25 | -516.1% | 206.3% | ||
| Q2 25 | 574.8% | -30.0% | ||
| Q1 25 | -475.4% | 40.7% | ||
| Q4 24 | -349.6% | 82.1% | ||
| Q3 24 | -215.3% | 11.1% | ||
| Q2 24 | -203.5% | 2.3% | ||
| Q1 24 | -5.4% | 50.0% |
| Q4 25 | 436.1% | 3.2% | ||
| Q3 25 | 388.4% | 0.8% | ||
| Q2 25 | -595.4% | 0.9% | ||
| Q1 25 | 486.6% | 0.4% | ||
| Q4 24 | 267.8% | 4.3% | ||
| Q3 24 | 90.3% | 0.4% | ||
| Q2 24 | 125.4% | 1.4% | ||
| Q1 24 | 95.0% | 1.4% |
| Q4 25 | — | 9.70× | ||
| Q3 25 | — | 6.66× | ||
| Q2 25 | — | -1.26× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 2.97× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 1.98× |
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% |
HAFC
Segment breakdown not available.
