vs
Side-by-side financial comparison of Applied Digital Corp. (APLD) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
Applied Digital Corp. is the larger business by last-quarter revenue ($126.6M vs $103.6M, roughly 1.2× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -11.4%, a 21.7% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 21.0%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-567.9M). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 30.2%).
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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
APLD vs TCMD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $103.6M |
| Net Profit | $-14.4M | $10.6M |
| Gross Margin | 20.6% | 78.2% |
| Operating Margin | -24.5% | 18.1% |
| Net Margin | -11.4% | 10.3% |
| Revenue YoY | 98.2% | 21.0% |
| Net Profit YoY | 89.6% | 9.4% |
| EPS (diluted) | $-0.07 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $64.2M | $85.8M | ||
| Q2 25 | $-33.3M | $78.9M | ||
| Q1 25 | $52.9M | $61.3M | ||
| Q4 24 | $63.9M | $85.6M | ||
| Q3 24 | $60.7M | $73.1M | ||
| Q2 24 | $43.7M | $73.2M | ||
| Q1 24 | $43.3M | $61.1M |
| Q4 25 | $-14.4M | $10.6M | ||
| Q3 25 | $-16.9M | $8.2M | ||
| Q2 25 | $-52.5M | $3.2M | ||
| Q1 25 | $-35.6M | $-3.0M | ||
| Q4 24 | $-138.7M | $9.7M | ||
| Q3 24 | $-4.2M | $5.2M | ||
| Q2 24 | $-64.5M | $4.3M | ||
| Q1 24 | $-62.8M | $-2.2M |
| Q4 25 | 20.6% | 78.2% | ||
| Q3 25 | 13.4% | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | 7.1% | 74.0% | ||
| Q4 24 | 18.0% | 75.2% | ||
| Q3 24 | -0.6% | 75.0% | ||
| Q2 24 | -9.1% | 73.9% | ||
| Q1 24 | -8.6% | 71.1% |
| Q4 25 | -24.5% | 18.1% | ||
| Q3 25 | -34.7% | 12.8% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | -35.8% | -7.4% | ||
| Q4 24 | -29.1% | 14.6% | ||
| Q3 24 | 15.6% | 9.3% | ||
| Q2 24 | -68.4% | 8.0% | ||
| Q1 24 | -128.8% | -4.9% |
| Q4 25 | -11.4% | 10.3% | ||
| Q3 25 | -26.4% | 9.6% | ||
| Q2 25 | 157.8% | 4.1% | ||
| Q1 25 | -67.2% | -4.9% | ||
| Q4 24 | -217.2% | 11.4% | ||
| Q3 24 | -7.0% | 7.1% | ||
| Q2 24 | -147.5% | 5.9% | ||
| Q1 24 | -145.0% | -3.6% |
| Q4 25 | $-0.07 | $0.45 | ||
| Q3 25 | $-0.07 | $0.36 | ||
| Q2 25 | $-0.31 | $0.14 | ||
| Q1 25 | $-0.16 | $-0.13 | ||
| Q4 24 | $-0.66 | $0.40 | ||
| Q3 24 | $-0.03 | $0.21 | ||
| Q2 24 | $-0.57 | $0.18 | ||
| Q1 24 | $-0.52 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $1.4B | $218.9M |
| Total Assets | $5.2B | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $83.4M | ||
| Q3 25 | $73.9M | $66.0M | ||
| Q2 25 | $41.6M | $81.5M | ||
| Q1 25 | $68.7M | $83.6M | ||
| Q4 24 | $286.2M | $94.4M | ||
| Q3 24 | $58.2M | $82.1M | ||
| Q2 24 | $3.3M | $73.6M | ||
| Q1 24 | $4.4M | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $1.4B | $218.9M | ||
| Q3 25 | $1.0B | $204.9M | ||
| Q2 25 | $497.7M | $194.9M | ||
| Q1 25 | $454.6M | $205.6M | ||
| Q4 24 | $434.6M | $216.6M | ||
| Q3 24 | $241.8M | $207.9M | ||
| Q2 24 | $124.8M | $200.7M | ||
| Q1 24 | $118.5M | $193.5M |
| Q4 25 | $5.2B | $273.9M | ||
| Q3 25 | $2.4B | $259.2M | ||
| Q2 25 | $1.9B | $273.0M | ||
| Q1 25 | $1.7B | $280.2M | ||
| Q4 24 | $1.5B | $297.9M | ||
| Q3 24 | $937.7M | $287.7M | ||
| Q2 24 | $762.9M | $278.8M | ||
| Q1 24 | $643.2M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-567.9M | $16.8M |
| FCF MarginFCF / Revenue | -448.6% | 16.2% |
| Capex IntensityCapex / Revenue | 436.1% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.8M | $17.3M | ||
| Q3 25 | $-82.0M | $10.3M | ||
| Q2 25 | $6.9M | $14.8M | ||
| Q1 25 | $5.9M | $417.0K | ||
| Q4 24 | $-52.3M | $16.3M | ||
| Q3 24 | $-75.9M | $10.3M | ||
| Q2 24 | $-34.1M | $13.1M | ||
| Q1 24 | $38.8M | $924.0K |
| Q4 25 | $-567.9M | $16.8M | ||
| Q3 25 | $-331.4M | $9.2M | ||
| Q2 25 | $-191.4M | $14.4M | ||
| Q1 25 | $-251.6M | $38.0K | ||
| Q4 24 | $-223.3M | $15.9M | ||
| Q3 24 | $-130.7M | $9.3M | ||
| Q2 24 | $-88.9M | $12.6M | ||
| Q1 24 | $-2.3M | $442.0K |
| Q4 25 | -448.6% | 16.2% | ||
| Q3 25 | -516.1% | 10.8% | ||
| Q2 25 | 574.8% | 18.2% | ||
| Q1 25 | -475.4% | 0.1% | ||
| Q4 24 | -349.6% | 18.5% | ||
| Q3 24 | -215.3% | 12.7% | ||
| Q2 24 | -203.5% | 17.3% | ||
| Q1 24 | -5.4% | 0.7% |
| Q4 25 | 436.1% | 0.5% | ||
| Q3 25 | 388.4% | 1.3% | ||
| Q2 25 | -595.4% | 0.5% | ||
| Q1 25 | 486.6% | 0.6% | ||
| Q4 24 | 267.8% | 0.5% | ||
| Q3 24 | 90.3% | 1.3% | ||
| Q2 24 | 125.4% | 0.7% | ||
| Q1 24 | 95.0% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| Q1 24 | — | — |
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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
