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Fiscal 2024 Adjusted EBITDA guidance

Company: Applied Digital

Subject kind
guidance
Statement date
2023-07-24
Promised by
2024-05-31
Current status
outcome unconfirmed

What the later record shows

The date slipped

The guidance was $195–205 million of fiscal 2024 adjusted EBITDA. The FY2026 10-K reports fiscal 2024 adjusted EBITDA of $21.9 million, far below the guided range.

“Fiscal fourth quarter 2024 adjusted EBITDA of $4.8 million”
2024-08-28 · Earnings Release View cached copy (2026-10-08)Live source ↗Archive.org ↗
“Adjusted EBITDA $ 107,229 $ 19,628 $ 21,922 as a percentage of adjusted revenue 18% 9% 13%”
2026-07-28 · Applied Digital 10-K filed 2026-07-29 View cached copy (2026-08-30)Live source ↗

Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.

The claim, verbatim

Full-year fiscal 2024 Adjusted EBITDA expected in range of $195 million to $205 million

Source (primary)

Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗

Quote: “Adjusted EBITDA in the range of $195 million – $205 million”

How we checked this

Checked on October 10, 2026. The cited source supports every part of this claim.

The guidance section states expected full-year fiscal 2024 Adjusted EBITDA of $195 million to $205 million.

Confirmed in the source:

What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/66/applied-digital-reports-fiscal-fourth-quarter-and-full-year/) in full (23,089 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Earnings Release

Quote: “Adjusted EBITDA in the range of $195 million – $205 million”

View cached copy (2026-09-01)Live source ↗Archive.org ↗

confirms Earnings Release

Quote: “and Adjusted EBITDA in the range of $195 million – $205 million”

View cached copy (2026-10-08)Live source ↗Archive.org ↗

confirms Earnings Release

Quote: “and Adjusted EBITDA in the range of $195 million – $205 million”

View cached copy (2026-10-03)Live source ↗Archive.org ↗

confirms Earnings Release

Quote: “and Adjusted EBITDA in the range of $195 million – $205 million”

View cached copy (2026-10-06)Live source ↗

confirms Earnings Release

Quote: “Adjusted EBITDA in the range of $195 million – $205 million.”

View cached copy (2026-09-25)Live source ↗Archive.org ↗

confirms Earnings Release

Quote: “and Adjusted EBITDA in the range of $195 million – $205 million”

View cached copy (2026-09-29)Live source ↗Archive.org ↗

delays Earnings Release

Quote: “Fiscal fourth quarter 2024 adjusted EBITDA of $4.8 million”

View cached copy (2026-10-08)Live source ↗Archive.org ↗

delays Applied Digital 10-K filed 2026-07-29

Quote: “Adjusted EBITDA $ 107,229 $ 19,628 $ 21,922 as a percentage of adjusted revenue 18% 9% 13%”

View cached copy (2026-08-30)Live source ↗

Record of changes

September 2, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 3, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 9, 2026 — outcome unconfirmed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 9, 2026 — outcome unconfirmed
Review. statement_date 2026-09-01 was the source's retrieval date; source published 2023-07-24.