Q1 FY2027 interest expense exceeded base rent
Company: Applied Digital
The claim, verbatim
Applied Digital's interest expense reached $77.4 million in Q1 FY2027, exceeding the $65.8 million collected in base rent.
Source (primary)
Applied Digital Slumps 8% as CEO Says 800 MW Still Needs Financing; Nebius and CoreWeave Fall 6% - Yahoo Finance (-, news_article)
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Quote: “Applied Digital's interest expense reached $77.4 million in Q1 FY2027, exceeding the $65.8 million it collected in base rent.”
How we checked this
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Additional evidence
confirms Applied Digital Slumps 8% as CEO Says 800 MW Still Needs Financing; Nebius and CoreWeave Fall 6% - Yahoo Finance
Quote: “Applied Digital's interest expense reached $77.4 million in Q1 FY2027, exceeding the $65.8 million it collected in base rent.”