WHITEFIBER INC Financials
This page shows WHITEFIBER INC (WYFI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
WhiteFiber’s current economics are dominated by capital build-out, with positive operating cash overwhelmed by investment spending and financing needs.
From the prior year to FY2025, operating cash flow increased from$18.7M to$45.7M , even though reported profitability moved sharply the other way. That disconnect is largely explained by a net loss of-$24.7M sitting alongside$23.4M of depreciation and amortization, so the income statement is being pulled down by non-cash charges from a much larger asset base. Because capex reached$268.4M , internal cash generation was still far too small to fund the expansion.
Gross margin improved to
Cash reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of WHITEFIBER INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
WHITEFIBER INC has an operating margin of -33.9%, meaning the company retains $-34 of operating profit per $100 of revenue. This below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses. This is down from 1.3% the prior year.
WHITEFIBER INC's revenue surged 66.2% year-over-year to $79.2M, reflecting rapid business expansion. This strong growth earns a score of 96/100.
WHITEFIBER INC carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 66/100, indicating a strong balance sheet with room for future borrowing.
WHITEFIBER INC's current ratio of 2.03 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.
While WHITEFIBER INC generated $45.7M in operating cash flow, capex of $268.4M consumed most of it, leaving -$222.7M in free cash flow. This results in a low score of 4/100, reflecting heavy capital investment rather than weak cash generation.
WHITEFIBER INC's ROE of -5.1% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 0.8% the prior year.
WHITEFIBER INC scores 3.91, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.1B) relative to total liabilities ($168.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
WHITEFIBER INC passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, WHITEFIBER INC generates $-1.85 in operating cash flow ($45.7M OCF vs -$24.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
WHITEFIBER INC generated $79.2M in revenue in fiscal year 2025. This represents an increase of 66.2% from the prior year.
WHITEFIBER INC's EBITDA was -$3.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 119.7% from the prior year.
WHITEFIBER INC reported -$24.7M in net income in fiscal year 2025. This represents a decrease of 1901.9% from the prior year.
WHITEFIBER INC earned $-0.78 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1660.0% from the prior year.
Cash & Balance Sheet
WHITEFIBER INC generated -$222.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 269.5% from the prior year.
WHITEFIBER INC held $114.4M in cash against $0 in long-term debt as of fiscal year 2025.
WHITEFIBER INC had 38M shares outstanding in fiscal year 2025. This represents an increase of 41.8% from the prior year.
Margins & Returns
WHITEFIBER INC's gross margin was 60.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.8 percentage points from the prior year.
WHITEFIBER INC's operating margin was -33.9% in fiscal year 2025, reflecting core business profitability. This is down 35.2 percentage points from the prior year.
WHITEFIBER INC's net profit margin was -31.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 34.1 percentage points from the prior year.
WHITEFIBER INC's ROE was -5.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.9 percentage points from the prior year.
Capital Allocation
WHITEFIBER INC invested $268.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 239.6% from the prior year.
WYFI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.9M-6.9% | $23.6M+16.7% | $20.2M+8.1% | $18.7M+11.3% | $16.8M | N/A | $12.3M-2.4% | $12.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $12.8M | N/A | $12.7M | N/A | $9.8M | N/A | $6.7M | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $17.8M+55.0% | $11.5M-46.2% | $21.3M+37.8% | $15.5M+264.7% | $4.2M | N/A | $3.3M+165.1% | $1.3M |
| Operating Income | -$11.0M-111.8% | -$5.2M+64.1% | -$14.5M-58.4% | -$9.2M-548.1% | $2.0M | N/A | -$847K-135.2% | $2.4M |
| Interest Expense | -$2.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $1.1M+149.4% | -$2.2M-3388.1% | $67K-85.0% | $446K-25.0% | $595K | N/A | $384K-30.5% | $552K |
| Net Income | -$12.0M-690.6% | -$1.5M+90.3% | -$15.8M-78.3% | -$8.8M-718.7% | $1.4M | N/A | -$365K-118.7% | $1.9M |
| EPS (Diluted) | $-0.31 | N/A | $-0.47 | N/A | $0.05 | N/A | $-0.01 | N/A |
WYFI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $796.3M+22.3% | $651.4M+17.3% | $555.1M+43.7% | $386.3M | N/A | $229.1M | N/A | N/A |
| Current Assets | $195.7M+16.7% | $167.7M-20.7% | $211.6M+320.7% | $50.3M | N/A | $46.5M | N/A | N/A |
| Cash & Equivalents | $75.8M-33.8% | $114.4M-31.3% | $166.5M+915.3% | $16.4M+27.9% | $12.8M+9.8% | $11.7M-57.0% | $27.1M+248.7% | $7.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $91.7M+283.4% | $23.9M+37.2% | $17.4M+168.7% | $6.5M | N/A | $5.3M | N/A | N/A |
| Goodwill | $19.8M-1.7% | $20.1M+1.5% | $19.8M-1.7% | $20.2M | N/A | $19.4M | N/A | N/A |
| Total Liabilities | $443.7M+162.7% | $168.9M+128.2% | $74.0M-5.5% | $78.3M | N/A | $59.4M | N/A | N/A |
| Current Liabilities | $70.8M-14.2% | $82.5M+154.8% | $32.4M-7.4% | $35.0M | N/A | $45.8M | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $352.6M-26.9% | $482.5M+0.3% | $481.1M+56.2% | $308.0M+39.6% | $220.6M+30.0% | $169.7M+158.1% | $65.8M+3.4% | $63.6M |
| Retained Earnings | -$36.6M-49.1% | -$24.5M-6.6% | -$23.0M-216.9% | -$7.3M | N/A | $144K | N/A | N/A |
WYFI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.2M-95.3% | $69.4M+510.1% | -$16.9M-334.2% | -$3.9M-32.9% | -$2.9M-142.4% | -$1.2M-106.2% | $19.6M | N/A |
| Capital Expenditures | $169.2M+38.8% | $121.9M+684.9% | $15.5M-80.8% | $80.8M+61.1% | $50.2M-31.1% | $72.8M+2507.6% | $2.8M | N/A |
| Free Cash Flow | -$165.9M-216.1% | -$52.5M-61.7% | -$32.5M+61.7% | -$84.7M-59.5% | -$53.1M+28.3% | -$74.0M-540.0% | $16.8M | N/A |
| Investing Cash Flow | -$143.1M-17.5% | -$121.8M-739.4% | -$14.5M+82.0% | -$80.8M-61.1% | -$50.2M+31.1% | -$72.8M-2507.6% | -$2.8M | N/A |
| Financing Cash Flow | $101.8M+32728.4% | -$312K-100.2% | $181.4M+95.5% | $92.7M+85.6% | $50.0M-20.3% | $62.7M+2394.1% | $2.5M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
WYFI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.4% | N/A | 63.1% | N/A | 58.7% | N/A | 54.5% | N/A |
| Operating Margin | -50.3%-28.2pp | -22.1%+49.8pp | -71.9%-22.8pp | -49.1%-61.2pp | 12.2% | N/A | -6.9%-26.1pp | 19.1% |
| Net Margin | -54.9%-48.5pp | -6.5%+71.6pp | -78.1%-30.7pp | -47.3%-55.9pp | 8.5% | N/A | -3.0%-18.4pp | 15.4% |
| Return on Equity | -3.4%-3.1pp | -0.3%+3.0pp | -3.3%-0.4pp | -2.9%-3.5pp | 0.7% | N/A | -0.5%-3.6pp | 3.1% |
| Return on Assets | -1.5%-1.3pp | -0.2%+2.6pp | -2.8%-0.6pp | -2.3% | N/A | N/A | N/A | N/A |
| Current Ratio | 2.77+0.7 | 2.03-4.5 | 6.53+5.1 | 1.44 | N/A | 1.02 | N/A | N/A |
| Debt-to-Equity | 1.26+0.9 | 0.35+0.2 | 0.15-0.1 | 0.25 | N/A | 0.35 | N/A | N/A |
| FCF Margin | -756.9%-534.0pp | -222.9%-62.0pp | -160.8%+293.0pp | -453.8%-137.1pp | -316.7% | N/A | 137.0% | N/A |
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Frequently Asked Questions
What is WHITEFIBER INC's annual revenue?
WHITEFIBER INC (WYFI) reported $79.2M in total revenue for fiscal year 2025. This represents a 66.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is WHITEFIBER INC's revenue growing?
WHITEFIBER INC (WYFI) revenue grew by 66.2% year-over-year, from $47.6M to $79.2M in fiscal year 2025.
Is WHITEFIBER INC profitable?
No, WHITEFIBER INC (WYFI) reported a net income of -$24.7M in fiscal year 2025, with a net profit margin of -31.2%.
What is WHITEFIBER INC's EBITDA?
WHITEFIBER INC (WYFI) had EBITDA of -$3.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is WHITEFIBER INC's gross margin?
WHITEFIBER INC (WYFI) had a gross margin of 60.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is WHITEFIBER INC's operating margin?
WHITEFIBER INC (WYFI) had an operating margin of -33.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is WHITEFIBER INC's net profit margin?
WHITEFIBER INC (WYFI) had a net profit margin of -31.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is WHITEFIBER INC's return on equity (ROE)?
WHITEFIBER INC (WYFI) has a return on equity of -5.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is WHITEFIBER INC's free cash flow?
WHITEFIBER INC (WYFI) generated -$222.7M in free cash flow during fiscal year 2025. This represents a -269.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is WHITEFIBER INC's operating cash flow?
WHITEFIBER INC (WYFI) generated $45.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are WHITEFIBER INC's total assets?
WHITEFIBER INC (WYFI) had $651.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are WHITEFIBER INC's capital expenditures?
WHITEFIBER INC (WYFI) invested $268.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is WHITEFIBER INC's current ratio?
WHITEFIBER INC (WYFI) had a current ratio of 2.03 as of fiscal year 2025, which is generally considered healthy.
What is WHITEFIBER INC's debt-to-equity ratio?
WHITEFIBER INC (WYFI) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is WHITEFIBER INC's return on assets (ROA)?
WHITEFIBER INC (WYFI) had a return on assets of -3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is WHITEFIBER INC's Altman Z-Score?
WHITEFIBER INC (WYFI) has an Altman Z-Score of 3.91, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is WHITEFIBER INC's Piotroski F-Score?
WHITEFIBER INC (WYFI) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are WHITEFIBER INC's earnings high quality?
WHITEFIBER INC (WYFI) has an earnings quality ratio of -1.85x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is WHITEFIBER INC?
WHITEFIBER INC (WYFI) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.