Q4 recurring base rent revenue
Company: Applied Digital
The claim, verbatim
Only $44.1M of Q4 revenue came from recurring base rent, with the remainder from large, low-margin fit-out services.
Source (primary)
Applied Digital: Great Project Economics, Complex Capital Stack (NASDAQ:APLD) - Seeking Alpha (-, news_article)
View cached copy (2026-09-30)Live source ↗
Quote: “only $44.1M of Q4 revenue from recurring base rent versus large, low-margin fit-out services”
How we checked this
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Additional evidence
confirms Applied Digital: Great Project Economics, Complex Capital Stack (NASDAQ:APLD) - Seeking Alpha
Quote: “only $44.1M of Q4 revenue from recurring base rent versus large, low-margin fit-out services”