vs
Side-by-side financial comparison of Applied Digital Corp. (APLD) and PROCEPT BioRobotics Corp (PRCT). Click either name above to swap in a different company.
Applied Digital Corp. is the larger business by last-quarter revenue ($126.6M vs $83.1M, roughly 1.5× PROCEPT BioRobotics Corp). Applied Digital Corp. runs the higher net margin — -11.4% vs -38.1%, a 26.6% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 20.2%). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 24.8%).
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.
PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.
APLD vs PRCT — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $83.1M |
| Net Profit | $-14.4M | $-31.6M |
| Gross Margin | 20.6% | 64.9% |
| Operating Margin | -24.5% | -4.1% |
| Net Margin | -11.4% | -38.1% |
| Revenue YoY | 98.2% | 20.2% |
| Net Profit YoY | 89.6% | -27.9% |
| EPS (diluted) | $-0.07 | $-0.56 |
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 | — | $83.1M | ||
| Q4 25 | $126.6M | $76.4M | ||
| Q3 25 | $64.2M | $83.3M | ||
| Q2 25 | $-33.3M | $79.2M | ||
| Q1 25 | $52.9M | $69.2M | ||
| Q4 24 | $63.9M | $68.2M | ||
| Q3 24 | $60.7M | $58.4M | ||
| Q2 24 | $43.7M | $53.4M |
| Q1 26 | — | $-31.6M | ||
| Q4 25 | $-14.4M | $-29.8M | ||
| Q3 25 | $-16.9M | $-21.4M | ||
| Q2 25 | $-52.5M | $-19.6M | ||
| Q1 25 | $-35.6M | $-24.7M | ||
| Q4 24 | $-138.7M | $-18.9M | ||
| Q3 24 | $-4.2M | $-21.0M | ||
| Q2 24 | $-64.5M | $-25.6M |
| Q1 26 | — | 64.9% | ||
| Q4 25 | 20.6% | 60.6% | ||
| Q3 25 | 13.4% | 64.8% | ||
| Q2 25 | — | 65.4% | ||
| Q1 25 | 7.1% | 63.9% | ||
| Q4 24 | 18.0% | 64.0% | ||
| Q3 24 | -0.6% | 63.2% | ||
| Q2 24 | -9.1% | 59.0% |
| Q1 26 | — | -4.1% | ||
| Q4 25 | -24.5% | -40.6% | ||
| Q3 25 | -34.7% | -27.8% | ||
| Q2 25 | — | -28.0% | ||
| Q1 25 | -35.8% | -39.7% | ||
| Q4 24 | -29.1% | -28.9% | ||
| Q3 24 | 15.6% | -38.4% | ||
| Q2 24 | -68.4% | -50.3% |
| Q1 26 | — | -38.1% | ||
| Q4 25 | -11.4% | -39.1% | ||
| Q3 25 | -26.4% | -25.7% | ||
| Q2 25 | 157.8% | -24.7% | ||
| Q1 25 | -67.2% | -35.8% | ||
| Q4 24 | -217.2% | -27.6% | ||
| Q3 24 | -7.0% | -35.9% | ||
| Q2 24 | -147.5% | -48.0% |
| Q1 26 | — | $-0.56 | ||
| Q4 25 | $-0.07 | $-0.54 | ||
| Q3 25 | $-0.07 | $-0.38 | ||
| Q2 25 | $-0.31 | $-0.35 | ||
| Q1 25 | $-0.16 | $-0.45 | ||
| Q4 24 | $-0.66 | $-0.34 | ||
| Q3 24 | $-0.03 | $-0.40 | ||
| Q2 24 | $-0.57 | $-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 | $245.6M |
| Total DebtLower is stronger | — | $51.7M |
| Stockholders' EquityBook value | $1.4B | $347.7M |
| Total Assets | $5.2B | $487.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $245.6M | ||
| Q4 25 | $1.9B | $286.5M | ||
| Q3 25 | $73.9M | $294.3M | ||
| Q2 25 | $41.6M | $302.7M | ||
| Q1 25 | $68.7M | $316.2M | ||
| Q4 24 | $286.2M | $333.7M | ||
| Q3 24 | $58.2M | $196.8M | ||
| Q2 24 | $3.3M | $214.1M |
| Q1 26 | — | $51.7M | ||
| Q4 25 | — | $51.6M | ||
| Q3 25 | — | $51.6M | ||
| Q2 25 | — | $51.5M | ||
| Q1 25 | — | $51.5M | ||
| Q4 24 | — | $51.5M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | — | $51.4M |
| Q1 26 | — | $347.7M | ||
| Q4 25 | $1.4B | $365.9M | ||
| Q3 25 | $1.0B | $380.3M | ||
| Q2 25 | $497.7M | $385.8M | ||
| Q1 25 | $454.6M | $389.2M | ||
| Q4 24 | $434.6M | $402.2M | ||
| Q3 24 | $241.8M | $241.2M | ||
| Q2 24 | $124.8M | $251.8M |
| Q1 26 | — | $487.1M | ||
| Q4 25 | $5.2B | $508.1M | ||
| Q3 25 | $2.4B | $511.5M | ||
| Q2 25 | $1.9B | $513.1M | ||
| Q1 25 | $1.7B | $519.4M | ||
| Q4 24 | $1.5B | $534.0M | ||
| Q3 24 | $937.7M | $374.1M | ||
| Q2 24 | $762.9M | $374.4M |
| Q1 26 | — | 0.15× | ||
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.20× |
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 | $-10.3M | ||
| Q3 25 | $-82.0M | $-6.6M | ||
| Q2 25 | $6.9M | $-15.0M | ||
| Q1 25 | $5.9M | $-17.0M | ||
| Q4 24 | $-52.3M | $-32.4M | ||
| Q3 24 | $-75.9M | $-18.8M | ||
| Q2 24 | $-34.1M | $-15.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-567.9M | $-12.2M | ||
| Q3 25 | $-331.4M | $-9.5M | ||
| Q2 25 | $-191.4M | $-17.8M | ||
| Q1 25 | $-251.6M | $-18.8M | ||
| Q4 24 | $-223.3M | $-33.6M | ||
| Q3 24 | $-130.7M | $-19.0M | ||
| Q2 24 | $-88.9M | $-16.8M |
| Q1 26 | — | — | ||
| Q4 25 | -448.6% | -15.9% | ||
| Q3 25 | -516.1% | -11.4% | ||
| Q2 25 | 574.8% | -22.5% | ||
| Q1 25 | -475.4% | -27.2% | ||
| Q4 24 | -349.6% | -49.2% | ||
| Q3 24 | -215.3% | -32.6% | ||
| Q2 24 | -203.5% | -31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 436.1% | 2.4% | ||
| Q3 25 | 388.4% | 3.4% | ||
| Q2 25 | -595.4% | 3.5% | ||
| Q1 25 | 486.6% | 2.7% | ||
| Q4 24 | 267.8% | 1.7% | ||
| Q3 24 | 90.3% | 0.4% | ||
| Q2 24 | 125.4% | 2.0% |
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% |
PRCT
| Handpieces and other consumables | $43.0M | 52% |
| System sales and rentals | $23.4M | 28% |
| Other | $11.1M | 13% |
| Service | $5.6M | 7% |
