Fiscal Q1 tenant fit-out revenue $183.5M
Company: Applied Digital
The claim, verbatim
Fiscal Q1 revenue included $183.5 million in low-margin tenant fit-out services.
Source (primary)
Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance (-, news_article)
View cached copy (2026-10-09)Live source ↗Archive.org ↗
Quote: “$183.5 million in tenant fit-out services with low margins”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The article states fiscal Q1 revenue largely reflected $183.5 million in tenant fit-out services with low margins.
Confirmed in the source:
- Fiscal Q1 revenue included $183.5 million from tenant fit-out services
- Those tenant fit-out services carried low margins
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/needham-cuts-applied-digital-price-141452666.html) in full (8,735 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance
Quote: “$183.5 million in tenant fit-out services with low margins”