Fiscal year 2023 EBITDA target
Company: Applied Digital
What the later record shows
Outcome not yet confirmed
No passage reports full-year FY2023 EBITDA. Q2 FY2023 adjusted EBITDA was negative and FY2023 total segment results were a loss, which suggests the target was missed, but neither figure is full-year EBITDA.
“Fiscal second quarter 2023 adjusted EBITDA of $(2.1) million”
2023-01-09 · Earnings Release View cached copy (2026-10-08)Live source ↗Archive.org ↗
“Data Center Hosting Business $ 63,927 $ 4,812 $ (18,182) HPC Hosting Business (12,086) (4,811) (246)”
2025-07-29 · Applied Digital 10-K filed 2025-07-30 View cached copy (2026-08-31)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
Anticipates generating $40 million of EBITDA in fiscal year 2023 ending May 2023
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Company anticipates generating $40 million of EBITDA in fiscal year 2023, which ends in May”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release states the $40 million fiscal 2023 EBITDA expectation and that the fiscal year ends in May.
Confirmed in the source:
- The company anticipates $40 million of EBITDA in fiscal year 2023
- Fiscal year 2023 ends in May 2023
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/10/applied-blockchain-reports-fiscal-third-quarter-2022-ended/) in full (19,855 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Company anticipates generating $40 million of EBITDA in fiscal year 2023, which ends in May”