FY2024 exit adjusted EBITDA run rate
Company: Applied Digital
What the later record shows
Outcome not yet confirmed
No passage gives an exit run rate or a fiscal Q4 2024 adjusted EBITDA figure. The only FY2024 figure is restated full-year adjusted EBITDA of $21.9M (cloud excluded), which hints the $250M target was missed but does not measure the run rate directly.
“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
Company expects to exit fiscal year 2024 at approximately $250 million annualized adjusted EBITDA run rate.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “annualized adjusted EBITDA run rate of approximately $250 million”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release's guidance section states this expected exit adjusted EBITDA run rate.
Confirmed in the source:
- Applied Digital expects to exit fiscal year 2024 at an annualized adjusted EBITDA run rate of approximately $250 million
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/81/applied-digital-reports-fiscal-second-quarter-2024-results/) in full (25,951 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “annualized adjusted EBITDA run rate of approximately $250 million”