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Side-by-side financial comparison of Applied Digital Corp. (APLD) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $126.6M, roughly 1.0× Applied Digital Corp.). Urban Edge Properties runs the higher net margin — 17.1% vs -11.4%, a 28.5% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 12.2%). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 11.6%).
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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
APLD vs UE — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $126.6M | $132.6M |
| Net Profit | $-14.4M | $22.6M |
| Gross Margin | 20.6% | — |
| Operating Margin | -24.5% | — |
| Net Margin | -11.4% | 17.1% |
| Revenue YoY | 98.2% | 12.2% |
| Net Profit YoY | 89.6% | -6.7% |
| EPS (diluted) | $-0.07 | $0.18 |
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 | — | $132.6M | ||
| Q4 25 | $126.6M | $119.6M | ||
| Q3 25 | $64.2M | $120.1M | ||
| Q2 25 | $-33.3M | $114.1M | ||
| Q1 25 | $52.9M | $118.2M | ||
| Q4 24 | $63.9M | $116.4M | ||
| Q3 24 | $60.7M | $112.4M | ||
| Q2 24 | $43.7M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-14.4M | $12.4M | ||
| Q3 25 | $-16.9M | $14.9M | ||
| Q2 25 | $-52.5M | $58.0M | ||
| Q1 25 | $-35.6M | $8.2M | ||
| Q4 24 | $-138.7M | $30.1M | ||
| Q3 24 | $-4.2M | $9.1M | ||
| Q2 24 | $-64.5M | $30.8M |
| 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 | — | — | ||
| Q4 25 | -24.5% | 11.3% | ||
| Q3 25 | -34.7% | 13.4% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | -35.8% | 7.6% | ||
| Q4 24 | -29.1% | 27.6% | ||
| Q3 24 | 15.6% | 8.9% | ||
| Q2 24 | -68.4% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | -11.4% | 10.4% | ||
| Q3 25 | -26.4% | 12.4% | ||
| Q2 25 | 157.8% | 50.8% | ||
| Q1 25 | -67.2% | 6.9% | ||
| Q4 24 | -217.2% | 25.9% | ||
| Q3 24 | -7.0% | 8.1% | ||
| Q2 24 | -147.5% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.07 | $0.09 | ||
| Q3 25 | $-0.07 | $0.12 | ||
| Q2 25 | $-0.31 | $0.46 | ||
| Q1 25 | $-0.16 | $0.07 | ||
| Q4 24 | $-0.66 | $0.25 | ||
| Q3 24 | $-0.03 | $0.07 | ||
| Q2 24 | $-0.57 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $1.4B |
| Total Assets | $5.2B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $1.9B | $48.9M | ||
| Q3 25 | $73.9M | $77.8M | ||
| Q2 25 | $41.6M | $53.0M | ||
| Q1 25 | $68.7M | $48.0M | ||
| Q4 24 | $286.2M | $41.4M | ||
| Q3 24 | $58.2M | $67.9M | ||
| Q2 24 | $3.3M | $78.6M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $497.7M | $1.4B | ||
| Q1 25 | $454.6M | $1.4B | ||
| Q4 24 | $434.6M | $1.4B | ||
| Q3 24 | $241.8M | $1.3B | ||
| Q2 24 | $124.8M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $5.2B | $3.3B | ||
| Q3 25 | $2.4B | $3.3B | ||
| Q2 25 | $1.9B | $3.3B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $1.5B | $3.3B | ||
| Q3 24 | $937.7M | $3.2B | ||
| Q2 24 | $762.9M | $3.2B |
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 | $39.1M |
| Free Cash FlowOCF − Capex | $-567.9M | — |
| FCF MarginFCF / Revenue | -448.6% | — |
| Capex IntensityCapex / Revenue | 436.1% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $-15.8M | $182.7M | ||
| Q3 25 | $-82.0M | $55.7M | ||
| Q2 25 | $6.9M | $43.5M | ||
| Q1 25 | $5.9M | $32.6M | ||
| Q4 24 | $-52.3M | $153.2M | ||
| Q3 24 | $-75.9M | $36.6M | ||
| Q2 24 | $-34.1M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-567.9M | $81.8M | ||
| Q3 25 | $-331.4M | $26.1M | ||
| Q2 25 | $-191.4M | $19.6M | ||
| Q1 25 | $-251.6M | $11.9M | ||
| Q4 24 | $-223.3M | $42.5M | ||
| Q3 24 | $-130.7M | $12.2M | ||
| Q2 24 | $-88.9M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -448.6% | 68.4% | ||
| Q3 25 | -516.1% | 21.7% | ||
| Q2 25 | 574.8% | 17.2% | ||
| Q1 25 | -475.4% | 10.0% | ||
| Q4 24 | -349.6% | 36.6% | ||
| Q3 24 | -215.3% | 10.8% | ||
| Q2 24 | -203.5% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 436.1% | 84.4% | ||
| Q3 25 | 388.4% | 24.6% | ||
| Q2 25 | -595.4% | 20.9% | ||
| Q1 25 | 486.6% | 17.5% | ||
| Q4 24 | 267.8% | 95.1% | ||
| Q3 24 | 90.3% | 21.7% | ||
| Q2 24 | 125.4% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | — | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
