Q1 interest expense up 866% to $77.4M
Company: Applied Digital
The claim, verbatim
First-quarter loss from continuing operations was 76 cents a share, with interest expense up 866% to $77.4 million.
Source (primary)
Morgan Stanley cuts its Applied Digital target to $25 from $41 - Startup Fortune (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “the company's first-quarter loss from continuing operations came in at 76 cents a share against a consensus loss of 26 cents, with interest expense up 866% to $77.4 million”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article, citing Zacks, gives both the per-share loss and the interest expense increase and amount.
Confirmed in the source:
- Applied Digital's first-quarter loss from continuing operations was 76 cents a share
- Applied Digital's first-quarter interest expense rose 866% to $77.4 million
What we did: Read our cached copy of the publisher (https://startupfortune.com/morgan-stanley-cuts-its-applied-digital-target-to-25-from-41/) in full (8,486 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Morgan Stanley cuts its Applied Digital target to $25 from $41 - Startup Fortune
Quote: “the company's first-quarter loss from continuing operations came in at 76 cents a share against a consensus loss of 26 cents, with interest expense up 866% to $77.4 million”