Cash $2.9B vs debt $6.4B
Company: Applied Digital
The claim, verbatim
At quarter-end held ~$2.9 billion cash and equivalents and $700 million restricted cash against ~$6.4 billion debt; over 80% of principal matures fiscal 2031 or later.
Source (primary)
Applied Digital Q1 Earnings Call Highlights - Yahoo Finance (-, news_article)
View cached copy (2026-10-09)Live source ↗Archive.org ↗
Quote: “Applied Digital held approximately $2.9 billion in cash and cash equivalents and $700 million in restricted cash, against about $6.4 billion in debt”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The article reports the cash, restricted cash and debt figures, and quotes the CFO saying more than 80% of debt principal matures in fiscal 2031 or later.
Confirmed in the source:
- At quarter-end Applied Digital held approximately $2.9 billion in cash and cash equivalents
- At quarter-end it held $700 million in restricted cash
- At quarter-end it had about $6.4 billion in debt
- More than 80% of debt principal does not mature until fiscal 2031 or later
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-q1-earnings-call-000214656.html) in full (15,656 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Q1 Earnings Call Highlights - Yahoo Finance
Quote: “Applied Digital held approximately $2.9 billion in cash and cash equivalents and $700 million in restricted cash, against about $6.4 billion in debt”