Cash on hand of $4.2 billion
Company: Applied Digital
The claim, verbatim
Ended the quarter to July 27, 2026 with $4.2 billion in cash on hand
Source (primary)
Applied Digital (NASDAQ: APLD) Stock Drops 47% From Peak Despite Record Revenue Growth - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-09-18)Live source ↗
Quote: “ending the quarter to July 27, 2026 with $4.2 billion in cash on hand”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The article states that the company ended the quarter to July 27, 2026 with $5 billion in debt outstanding against $4.2 billion in cash on hand.
Confirmed in the source:
- Applied Digital ended the quarter to July 27, 2026 with $4.2 billion in cash on hand
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/09/15/applied-digital-nasdaq-apld-stock-drops-47-from-peak-despite-record-revenue-growth/) in full (3,852 characters, retrieved September 18, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital (NASDAQ: APLD) Stock Drops 47% From Peak Despite Record Revenue Growth - foreignpolicyjournal.com
Quote: “ending the quarter to July 27, 2026 with $4.2 billion in cash on hand”