Q1 FY2027 GAAP net loss
Company: Applied Digital
The claim, verbatim
Net GAAP loss of $184 million, driven by non-cash fair value losses, stock-based compensation and rising interest expense.
Source (primary)
Applied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2% - 24/7 Wall St. (-, news_article)
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Quote: “That filing also showed a net loss of $184 million under standard accounting rules”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2% - 24/7 Wall St.
Quote: “That filing also showed a net loss of $184 million under standard accounting rules”