analyticsVertical SaaS
Data as of Q1 2026
Summary Verdict
APLD: 2—ALRM: 3wins
Rule of 40
118.6APLD
18.7ALRM
check_circleAPLD leads
Revenue Growth
171.1%APLD
8.0%ALRM
check_circleAPLD leads
Gross Margin
1%APLD
66%ALRM
check_circleALRM leads
FCF Margin
-52.5%APLD
10.7%ALRM
check_circleALRM leads
Operating Margin
-42.6%APLD
12.8%ALRM
check_circleALRM leads
NRR
—APLD
—ALRM
Metric
Rule of 40Efficiency score
APLD
118.6check_circle
ALRM
18.7
Revenue GrowthYoY
APLD
171.1%check_circle
ALRM
8.0%
Gross Margin% of revenue
APLD
1%
ALRM
66%check_circle
FCF MarginFree cash flow
APLD
-52.5%
ALRM
10.7%check_circle
Operating MarginGAAP
APLD
-42.6%
ALRM
12.8%check_circle
NRRNet retention
APLD
N/A
ALRM
N/A
EV / RevenueValuation multiple
APLD
30.6x
ALRM
1.1xcheck_circle
Market CapUSD
APLD
$11.3Bcheck_circle
ALRM
$2.2B
ARR GrowthYoY
APLD
N/A
ALRM
N/A
CAC PaybackMonths to recover
APLD
N/A
ALRM
N/A
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insights
Analysis
As of Q1 2026, Applied Digital Corp. trades at 30.6x EV/Revenue versus Alarm.com Holdings, Inc. at 1.1x. On the Rule of 40, Applied Digital Corp. scores 118.6 compared to Alarm.com Holdings, Inc.'s 18.7, placing Applied Digital Corp. ahead in operating efficiency. Gross margins stand at Applied Digital Corp. 1% vs Alarm.com Holdings, Inc. 66%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.