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Side-by-side financial comparison of Applied Digital Corp. (APLD) and Uni-Fuels Holdings Ltd (UFG). Click either name above to swap in a different company.

Applied Digital Corp. is the larger business by last-quarter revenue ($126.6M vs $114.6M, roughly 1.1× Uni-Fuels Holdings Ltd). Uni-Fuels Holdings Ltd runs the higher net margin — 0.1% vs -11.4%, a 11.5% gap on every dollar of revenue. Uni-Fuels Holdings Ltd produced more free cash flow last quarter ($-4.7M vs $-567.9M).

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.

Uni-Fuels Holdings Ltd is an Australian energy company focused on the distribution and retail of petroleum products including gasoline, diesel and marine fuels, serving consumer, commercial and industrial clients across Oceania, with a network of retail fuel stations and bulk fuel supply infrastructure.

APLD vs UFG — Head-to-Head

Bigger by revenue
APLD
APLD
1.1× larger
APLD
$126.6M
$114.6M
UFG
Higher net margin
UFG
UFG
11.5% more per $
UFG
0.1%
-11.4%
APLD
More free cash flow
UFG
UFG
$563.2M more FCF
UFG
$-4.7M
$-567.9M
APLD

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
APLD
APLD
UFG
UFG
Revenue
$126.6M
$114.6M
Net Profit
$-14.4M
$91.0K
Gross Margin
20.6%
1.8%
Operating Margin
-24.5%
0.2%
Net Margin
-11.4%
0.1%
Revenue YoY
98.2%
Net Profit YoY
89.6%
EPS (diluted)
$-0.07

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
UFG
UFG
Q4 25
$126.6M
Q3 25
$64.2M
Q2 25
$-33.3M
$114.6M
Q1 25
$52.9M
Q4 24
$63.9M
Q3 24
$60.7M
Q2 24
$43.7M
Q1 24
$43.3M
Net Profit
APLD
APLD
UFG
UFG
Q4 25
$-14.4M
Q3 25
$-16.9M
Q2 25
$-52.5M
$91.0K
Q1 25
$-35.6M
Q4 24
$-138.7M
Q3 24
$-4.2M
Q2 24
$-64.5M
Q1 24
$-62.8M
Gross Margin
APLD
APLD
UFG
UFG
Q4 25
20.6%
Q3 25
13.4%
Q2 25
1.8%
Q1 25
7.1%
Q4 24
18.0%
Q3 24
-0.6%
Q2 24
-9.1%
Q1 24
-8.6%
Operating Margin
APLD
APLD
UFG
UFG
Q4 25
-24.5%
Q3 25
-34.7%
Q2 25
0.2%
Q1 25
-35.8%
Q4 24
-29.1%
Q3 24
15.6%
Q2 24
-68.4%
Q1 24
-128.8%
Net Margin
APLD
APLD
UFG
UFG
Q4 25
-11.4%
Q3 25
-26.4%
Q2 25
157.8%
0.1%
Q1 25
-67.2%
Q4 24
-217.2%
Q3 24
-7.0%
Q2 24
-147.5%
Q1 24
-145.0%
EPS (diluted)
APLD
APLD
UFG
UFG
Q4 25
$-0.07
Q3 25
$-0.07
Q2 25
$-0.31
Q1 25
$-0.16
Q4 24
$-0.66
Q3 24
$-0.03
Q2 24
$-0.57
Q1 24
$-0.52

Balance Sheet & Financial Strength

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

Metric
APLD
APLD
UFG
UFG
Cash + ST InvestmentsLiquidity on hand
$1.9B
$6.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$12.3M
Total Assets
$5.2B
$30.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLD
APLD
UFG
UFG
Q4 25
$1.9B
Q3 25
$73.9M
Q2 25
$41.6M
$6.8M
Q1 25
$68.7M
Q4 24
$286.2M
Q3 24
$58.2M
Q2 24
$3.3M
Q1 24
$4.4M
Stockholders' Equity
APLD
APLD
UFG
UFG
Q4 25
$1.4B
Q3 25
$1.0B
Q2 25
$497.7M
$12.3M
Q1 25
$454.6M
Q4 24
$434.6M
Q3 24
$241.8M
Q2 24
$124.8M
Q1 24
$118.5M
Total Assets
APLD
APLD
UFG
UFG
Q4 25
$5.2B
Q3 25
$2.4B
Q2 25
$1.9B
$30.9M
Q1 25
$1.7B
Q4 24
$1.5B
Q3 24
$937.7M
Q2 24
$762.9M
Q1 24
$643.2M

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
UFG
UFG
Operating Cash FlowLast quarter
$-15.8M
$-4.7M
Free Cash FlowOCF − Capex
$-567.9M
$-4.7M
FCF MarginFCF / Revenue
-448.6%
-4.1%
Capex IntensityCapex / Revenue
436.1%
0.0%
Cash ConversionOCF / Net Profit
-51.96×
TTM Free Cash FlowTrailing 4 quarters
$-1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLD
APLD
UFG
UFG
Q4 25
$-15.8M
Q3 25
$-82.0M
Q2 25
$6.9M
$-4.7M
Q1 25
$5.9M
Q4 24
$-52.3M
Q3 24
$-75.9M
Q2 24
$-34.1M
Q1 24
$38.8M
Free Cash Flow
APLD
APLD
UFG
UFG
Q4 25
$-567.9M
Q3 25
$-331.4M
Q2 25
$-191.4M
$-4.7M
Q1 25
$-251.6M
Q4 24
$-223.3M
Q3 24
$-130.7M
Q2 24
$-88.9M
Q1 24
$-2.3M
FCF Margin
APLD
APLD
UFG
UFG
Q4 25
-448.6%
Q3 25
-516.1%
Q2 25
574.8%
-4.1%
Q1 25
-475.4%
Q4 24
-349.6%
Q3 24
-215.3%
Q2 24
-203.5%
Q1 24
-5.4%
Capex Intensity
APLD
APLD
UFG
UFG
Q4 25
436.1%
Q3 25
388.4%
Q2 25
-595.4%
0.0%
Q1 25
486.6%
Q4 24
267.8%
Q3 24
90.3%
Q2 24
125.4%
Q1 24
95.0%
Cash Conversion
APLD
APLD
UFG
UFG
Q4 25
Q3 25
Q2 25
-51.96×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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%

UFG
UFG

Segment breakdown not available.

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