As of Q2'26 (2025-11-30), APLD reported Operating Cash Flow of -15.8M USD and Free Cash Flow of -567.9M USD. This marks a significant deterioration in both metrics, with Free Cash Flow reaching its lowest point in the period covered. Over the period from Q3'23 to Q2'26, the chart shows high volatility in Operating Cash Flow, with notable positive spikes in Q3'23 (26.2M USD) and Q3'24 (38.8M USD), but also several sharp declines into negative territory, particularly in Q1'25 (-75.9M USD) and Q1'26 (-82M USD). Free Cash Flow consistently trended downward, moving from near break-even in Q3'23 to increasingly large deficits, especially from Q1'25 onward, culminating in a substantial negative value of -567.9M USD in Q2'26. This persistent negative Free Cash Flow indicates mounting cash outflows and potential liquidity concerns for the company over the analyzed quarters.