$1 billion NOI target within five years
Company: Applied Digital
The claim, verbatim
Company aims to achieve $1 billion in Net Operating Income (NOI) within five years
Source (primary)
Applied Digital DEF 14A filed 2025-09-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “we aim to achieve $1 billion in Net Operating Income (NOI) within five years”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The shareholder letter states this goal directly.
Confirmed in the source:
- Applied Digital states an aim of achieving $1 billion in Net Operating Income within five years
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225014495/formdef14a.htm) in full (214,994 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital DEF 14A filed 2025-09-22
Quote: “we aim to achieve $1 billion in Net Operating Income (NOI) within five years”