Debt level as of May 31, 2026
Company: Applied Digital
The claim, verbatim
As of May 31, 2026, Applied Digital carried approximately $5 billion in debt, up from less than $700 million a year earlier
Source (primary)
Applied Digital Jumps 8% After Wells Fargo Names It Top Pick With $50 Target - finance.biggo.com (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “As of May 31, the end of its fiscal 2026 fourth quarter, the company carried about $5 billion in debt, a substantial increase from less than $700 million a year earlier.”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The article says Applied Digital carried about $5 billion in debt as of May 31, the end of its fiscal 2026 fourth quarter, up from less than $700 million a year earlier. It does not print the calendar year, but it ties the date to fiscal 2026.
Confirmed in the source:
- As of May 31, the end of Applied Digital's fiscal 2026 fourth quarter, the company carried about $5 billion in debt
- Debt a year earlier was less than $700 million
What we did: Read our cached copy of the publisher (https://finance.biggo.com/news/7416f2de-e26c-4b8d-8f27-da8b7bc5eba0) in full (6,721 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Jumps 8% After Wells Fargo Names It Top Pick With $50 Target - finance.biggo.com
Quote: “As of May 31, the end of its fiscal 2026 fourth quarter, the company carried about $5 billion in debt, a substantial increase from less than $700 million a year earlier.”