FY2024 exit revenue run rate
Company: Applied Digital
What the later record shows
The date slipped
Fiscal Q4 2024 revenue was $43.7 million, about a $175 million annualized run rate. That is far below the ~$500 million exit run rate promised by May 31, 2024. No passage gives a revised date.
“Fiscal fourth quarter 2024 revenue of $43.7 million Fiscal fourth quarter 2024 net loss of $64.8 million”
2024-08-28 · Earnings Release View cached copy (2026-10-08)Live source ↗Archive.org ↗
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 $500 million annual revenue run rate.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “We now expect to exit fiscal year 2024 at an annual revenue run rate of approximately $500 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 revenue run rate.
Confirmed in the source:
- Applied Digital expects to exit fiscal year 2024 at an annual revenue run rate of approximately $500 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: “We now expect to exit fiscal year 2024 at an annual revenue run rate of approximately $500 million”
delays Earnings Release
Quote: “Fiscal fourth quarter 2024 revenue of $43.7 million Fiscal fourth quarter 2024 net loss of $64.8 million”