PAYS vs. APLD

Last updated Apr 1, 2026

Compare and contrast key facts about PaySign, Inc. (PAYS) and Applied Digital Corporation (APLD).

Performance

PAYS vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PaySign, Inc. (PAYS) and Applied Digital Corporation (APLD). The values are adjusted to include any dividend payments, if applicable.

PAYS vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAYS PaySign, Inc.	14.56%	70.53%	7.86%	8.53%	61.25%	-65.52%	-54.29%	188.35%	382.19%	118.56%
APLD Applied Digital Corporation	-3.18%	220.94%	13.35%	266.30%	-92.68%	11,789.90%	389.44%	-34.55%	64.99%	-33.33%

Fundamentals

Market Cap PAYS : $363.58M APLD : $6.33B
EPS PAYS : $0.12 APLD : -$0.51
PS Ratio PAYS : 4.35 APLD : 20.33
PB Ratio PAYS : 7.50 APLD : 4.37
Total Revenue (TTM) PAYS : $82.03M APLD : $281.74M
Gross Profit (TTM) PAYS : $48.72M APLD : $46.19M
EBITDA (TTM) PAYS : $16.91M APLD : -$49.02M

Returns By Period

In the year-to-date period, PAYS achieves a 14.56% return, which is significantly higher than APLD's -3.18% return. Over the past 10 years, PAYS has underperformed APLD with an annualized return of 41.00%, while APLD has yielded a comparatively higher 75.92% annualized return.

PAYS

• 1D: 2.43%
• 1M: 66.20%
• YTD: 14.56%
• 6M: -6.20%
• 1Y: 178.30%
• 3Y*: 17.58%
• 5Y*: 5.15%
• 10Y*: 41.00%

APLD

• 1D: 15.55%
• 1M: -12.94%
• YTD: -3.18%
• 6M: 3.49%
• 1Y: 322.42%
• 3Y*: 119.66%
• 5Y*: 76.65%
• 10Y*: 75.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PAYS vs. APLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAYS

PAYS Risk / Return Rank: 88
PAYS Sharpe Ratio Rank: 93
PAYS Sortino Ratio Rank: 92
PAYS Omega Ratio Rank: 91
PAYS Calmar Ratio Rank: 85
PAYS Martin Ratio Rank: 77

APLD

APLD Risk / Return Rank: 94
APLD Sharpe Ratio Rank: 95
APLD Sortino Ratio Rank: 93
APLD Omega Ratio Rank: 90
APLD Calmar Ratio Rank: 96
APLD Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAYS vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PaySign, Inc. (PAYS) and Applied Digital Corporation (APLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PAYS	APLD	Difference
Sharpe ratio Return per unit of total volatility	2.33	2.57	-0.24
Sortino ratio Return per unit of downside risk	3.04	3.14	-0.11
Omega ratio Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio Return relative to maximum drawdown	2.82	6.26	-3.45
Martin ratio Return relative to average drawdown	5.00	14.46	-9.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAYS vs. APLD - Sharpe Ratio Comparison

The current PAYS Sharpe Ratio is 2.33, which is comparable to the APLD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of PAYS and APLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PAYS	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.57	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.41	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.33	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.04	+0.01

Correlation

The correlation between PAYS and APLD is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PAYS vs. APLD - Dividend Comparison

Neither PAYS nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

PAYS vs. APLD - Drawdown Comparison

The maximum PAYS drawdown since its inception was -98.95%, roughly equal to the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for PAYS and APLD.

Drawdown Indicators

	PAYS	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-98.95%	-99.70%	+0.75%
Max Drawdown (1Y) Largest decline over 1 year	-62.85%	-50.31%	-12.54%
Max Drawdown (5Y) Largest decline over 5 years	-72.98%	-97.10%	+24.12%
Max Drawdown (10Y) Largest decline over 10 years	-93.09%	-97.10%	+4.01%
Current Drawdown Current decline from peak	-67.13%	-42.59%	-24.54%
Average Drawdown Average peak-to-trough decline	-69.45%	-84.03%	+14.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.39%	21.79%	+13.60%

Volatility

PAYS vs. APLD - Volatility Comparison

PaySign, Inc. (PAYS) has a higher volatility of 35.04% compared to Applied Digital Corporation (APLD) at 32.29%. This indicates that PAYS's price experiences larger fluctuations and is considered to be riskier than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAYS	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.04%	32.29%	+2.75%
Volatility (6M) Calculated over the trailing 6-month period	47.66%	77.82%	-30.16%
Volatility (1Y) Calculated over the trailing 1-year period	76.96%	126.27%	-49.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.43%	187.90%	-120.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.60%	295.81%	-214.21%

Financials

PAYS vs. APLD - Profitability Comparison

The chart below illustrates the profitability comparison between PaySign, Inc. and Applied Digital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PAYS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PaySign, Inc. reported a gross profit of 13.12M and revenue of 22.76M. Therefore, the gross margin over that period was 57.7%.

APLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported a gross profit of 26.04M and revenue of 126.59M. Therefore, the gross margin over that period was 20.6%.

PAYS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PaySign, Inc. reported an operating income of 1.85M and revenue of 22.76M, resulting in an operating margin of 8.2%.

APLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported an operating income of -30.96M and revenue of 126.59M, resulting in an operating margin of -24.5%.

PAYS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PaySign, Inc. reported a net income of 1.36M and revenue of 22.76M, resulting in a net margin of 6.0%.

APLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported a net income of -17.51M and revenue of 126.59M, resulting in a net margin of -13.8%.