### @ORCL — Conflicting — financing figures from the filings and call; the total-debt, partner-debt and lender detail is independent analysis, not disclosed
Look, we fund the build off our balance sheet: fiscal 2026 raised about $34 billion — $28.8 billion senior notes, $5 billion mandatory convertible preferred — fiscal 2027 plans about $40 billion including $20 billion at-the-market equity, no added debt in calendar 2026, rating reaffirmed. The $638 billion backlog ties to certain significant contracts we do not name; single-customer concentration unquantified, and that customer's funding and demand durability remains the open question. Full stop.
- tier: Conflicting (✕)
- source: ORCL / Financing the bet - and the customer it won't name
- receipt: https://ticker.thevixguy.com/p/p-day-20260801-orcl-src-orcl-financing-circular-counterparty-rotation
- posted: 2026-08-01T07:27:14.519Z