Sequential revenue improvement Q1 FY2025
Company: Applied Digital
What the later record shows
Outcome not yet confirmed
P2 gives segment revenue for the quarter ended August 31, 2024 (Q1 FY2025), but excludes the Cloud Services Business, which was then reported as discontinued operations. No passage gives revenue for the quarter ended May 31, 2024 (Q4 FY2024), only full-year totals, so the sequential comparison cannot be checked.
“Three Months Ended August 31, 2024 Data Center Hosting Business HPC Hosting Business Revenue $ 32,923 $ — Related party revenue 1,926 — Total segment revenue 34,849”
2025-10-08 · Applied Digital 10-Q filed 2025-10-09 View cached copy (2026-08-31)Live source ↗
Checked October 30, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Management believes fiscal Q4 2024 marked the bottom of revenues and anticipates sequential top-line improvement in Q1 fiscal 2025.
Source (primary)
applied-digital 8-K exhibit (apldq424earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-30)Live source ↗
Quote: “we believe fiscal fourth quarter marked the bottom of our revenues and anticipate sequential improvements in the top line as we enter the first quarter of fiscal 2025”
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 8-K exhibit (apldq424earningsrelease.htm)
Quote: “we believe fiscal fourth quarter marked the bottom of our revenues and anticipate sequential improvements in the top line as we enter the first quarter of fiscal 2025”