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Side-by-side financial comparison of Applied Digital Corp. (APLD) and LAKELAND FINANCIAL CORP (LKFN). Click either name above to swap in a different company.

Applied Digital Corp. is the larger business by last-quarter revenue ($126.6M vs $69.7M, roughly 1.8× LAKELAND FINANCIAL CORP). LAKELAND FINANCIAL CORP runs the higher net margin — 38.0% vs -11.4%, a 49.4% gap on every dollar of revenue. Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 0.7%).

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.

Amscot Financial is an American financial services company headquartered in Tampa, Florida. Founded in 1989 by Ian MacKechnie, Amscot Financial provides non-bank consumer financial services through a network of retail branches located exclusively within Florida. Amscot's core services include check cashing, bill payment, prepaid access cards, payday loans, free money orders, ATMs in every branch, wire transfers, notary services, fax services, and postage. Amscot Financial operates nearly 240 ...

APLD vs LKFN — Head-to-Head

Bigger by revenue
APLD
APLD
1.8× larger
APLD
$126.6M
$69.7M
LKFN
Higher net margin
LKFN
LKFN
49.4% more per $
LKFN
38.0%
-11.4%
APLD
Faster 2-yr revenue CAGR
APLD
APLD
Annualised
APLD
70.9%
0.7%
LKFN

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
APLD
APLD
LKFN
LKFN
Revenue
$126.6M
$69.7M
Net Profit
$-14.4M
$26.5M
Gross Margin
20.6%
Operating Margin
-24.5%
Net Margin
-11.4%
38.0%
Revenue YoY
98.2%
Net Profit YoY
89.6%
31.8%
EPS (diluted)
$-0.07
$1.04

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.

Revenue
APLD
APLD
LKFN
LKFN
Q1 26
$69.7M
Q4 25
$126.6M
$69.8M
Q3 25
$64.2M
$69.0M
Q2 25
$-33.3M
$66.4M
Q1 25
$52.9M
$63.8M
Q4 24
$63.9M
$63.6M
Q3 24
$60.7M
$61.2M
Q2 24
$43.7M
$68.7M
Net Profit
APLD
APLD
LKFN
LKFN
Q1 26
$26.5M
Q4 25
$-14.4M
$29.9M
Q3 25
$-16.9M
$26.4M
Q2 25
$-52.5M
$27.0M
Q1 25
$-35.6M
$20.1M
Q4 24
$-138.7M
$24.2M
Q3 24
$-4.2M
$23.3M
Q2 24
$-64.5M
$22.5M
Gross Margin
APLD
APLD
LKFN
LKFN
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%
Operating Margin
APLD
APLD
LKFN
LKFN
Q1 26
Q4 25
-24.5%
52.1%
Q3 25
-34.7%
46.4%
Q2 25
49.6%
Q1 25
-35.8%
38.0%
Q4 24
-29.1%
46.0%
Q3 24
15.6%
45.3%
Q2 24
-68.4%
39.2%
Net Margin
APLD
APLD
LKFN
LKFN
Q1 26
38.0%
Q4 25
-11.4%
42.8%
Q3 25
-26.4%
38.3%
Q2 25
157.8%
40.6%
Q1 25
-67.2%
31.5%
Q4 24
-217.2%
38.1%
Q3 24
-7.0%
38.1%
Q2 24
-147.5%
32.8%
EPS (diluted)
APLD
APLD
LKFN
LKFN
Q1 26
$1.04
Q4 25
$-0.07
$1.16
Q3 25
$-0.07
$1.03
Q2 25
$-0.31
$1.04
Q1 25
$-0.16
$0.78
Q4 24
$-0.66
$0.94
Q3 24
$-0.03
$0.91
Q2 24
$-0.57
$0.87

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APLD
APLD
LKFN
LKFN
Cash + ST InvestmentsLiquidity on hand
$1.9B
$85.6M
Total DebtLower is stronger
$183.6M
Stockholders' EquityBook value
$1.4B
$749.0M
Total Assets
$5.2B
$7.1B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLD
APLD
LKFN
LKFN
Q1 26
$85.6M
Q4 25
$1.9B
$141.3M
Q3 25
$73.9M
$192.8M
Q2 25
$41.6M
$310.2M
Q1 25
$68.7M
$235.2M
Q4 24
$286.2M
$168.2M
Q3 24
$58.2M
$160.2M
Q2 24
$3.3M
$121.2M
Total Debt
APLD
APLD
LKFN
LKFN
Q1 26
$183.6M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$30.0M
Q2 24
$55.0M
Stockholders' Equity
APLD
APLD
LKFN
LKFN
Q1 26
$749.0M
Q4 25
$1.4B
$762.4M
Q3 25
$1.0B
$747.4M
Q2 25
$497.7M
$709.9M
Q1 25
$454.6M
$694.4M
Q4 24
$434.6M
$683.8M
Q3 24
$241.8M
$699.1M
Q2 24
$124.8M
$654.5M
Total Assets
APLD
APLD
LKFN
LKFN
Q1 26
$7.1B
Q4 25
$5.2B
$7.0B
Q3 25
$2.4B
$6.9B
Q2 25
$1.9B
$7.0B
Q1 25
$1.7B
$6.9B
Q4 24
$1.5B
$6.7B
Q3 24
$937.7M
$6.6B
Q2 24
$762.9M
$6.6B
Debt / Equity
APLD
APLD
LKFN
LKFN
Q1 26
0.25×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.04×
Q2 24
0.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APLD
APLD
LKFN
LKFN
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.

Operating Cash Flow
APLD
APLD
LKFN
LKFN
Q1 26
Q4 25
$-15.8M
$114.9M
Q3 25
$-82.0M
$36.1M
Q2 25
$6.9M
$16.2M
Q1 25
$5.9M
$28.9M
Q4 24
$-52.3M
$102.5M
Q3 24
$-75.9M
$18.0M
Q2 24
$-34.1M
$21.0M
Free Cash Flow
APLD
APLD
LKFN
LKFN
Q1 26
Q4 25
$-567.9M
$103.8M
Q3 25
$-331.4M
$31.1M
Q2 25
$-191.4M
$14.1M
Q1 25
$-251.6M
$27.1M
Q4 24
$-223.3M
$93.9M
Q3 24
$-130.7M
$15.3M
Q2 24
$-88.9M
$18.6M
FCF Margin
APLD
APLD
LKFN
LKFN
Q1 26
Q4 25
-448.6%
148.7%
Q3 25
-516.1%
45.0%
Q2 25
574.8%
21.2%
Q1 25
-475.4%
42.5%
Q4 24
-349.6%
147.6%
Q3 24
-215.3%
25.0%
Q2 24
-203.5%
27.0%
Capex Intensity
APLD
APLD
LKFN
LKFN
Q1 26
Q4 25
436.1%
15.9%
Q3 25
388.4%
7.3%
Q2 25
-595.4%
3.2%
Q1 25
486.6%
2.8%
Q4 24
267.8%
13.6%
Q3 24
90.3%
4.4%
Q2 24
125.4%
3.5%
Cash Conversion
APLD
APLD
LKFN
LKFN
Q1 26
Q4 25
3.84×
Q3 25
1.37×
Q2 25
0.60×
Q1 25
1.44×
Q4 24
4.24×
Q3 24
0.77×
Q2 24
0.93×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APLD
APLD

HPC Hosting Business$85.0M67%
Data Center Hosting Business$41.6M33%

LKFN
LKFN

Net Interest Income$56.8M81%
Noninterest Income$12.9M19%

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