FY2023 EBITDA guidance
Company: Applied Digital
What the later record shows
Outcome not yet confirmed
No passage reports FY2023 EBITDA. The FY2025 10-K shows a total segment loss of $18.4M for FY2023, which suggests the target was not met, but segment profit is not EBITDA.
“Segment profit (loss) Data Center Hosting Business $ 63,927 $ 4,812 $ (18,182) HPC Hosting Business (12,086) (4,811) (246) Total segment (loss) profit $ 51,841 $ 1 $ (18,428)”
2025-07-29 · Applied Digital 10-K filed 2025-07-30 View cached copy (2026-08-31)Live source ↗
Checked November 8, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company anticipates generating $40 million of EBITDA in fiscal year 2023 ending May 2023
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Company anticipates generating $40 million of EBITDA in fiscal year 2023, which ends in May”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release gives $40 million EBITDA guidance for fiscal 2023, which it says ends in May. It also confirms the May fiscal year-end by noting that fiscal 2024 ends May 31, 2024.
Confirmed in the source:
- The company anticipated generating $40 million of EBITDA in fiscal year 2023
- Fiscal year 2023 ends in May 2023
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/10/applied-blockchain-reports-fiscal-third-quarter-2022-ended/) in full (19,893 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Company anticipates generating $40 million of EBITDA in fiscal year 2023, which ends in May”