WHITEFIBER INC SEC Filings

WhiteFiber, Inc. (WYFI) reported Q3 results showing rapid scale-up alongside higher costs. Q3 revenue reached $20,179,766 (cloud services $18,032,898; colocation $1,692,280), while net loss widened to $15,753,716. For the nine months, revenue was $55,603,277 with a net loss of $23,159,272.

Liquidity strengthened after the IPO: cash and cash equivalents were $166,490,556 as of September 30, up from $11,671,984 at year‑end, supported by IPO proceeds and over‑allotment reflected in financing cash inflows of $324,077,471. Total assets were $555,074,903 and equity $481,051,884.

Operating expenses rose with growth initiatives—Q3 general and administrative expenses were $21,323,157 and depreciation and amortization $6,371,178. The company extended cloud equipment useful lives to five years, reducing 2025 depreciation by $7.5 million year‑to‑date, benefiting net income by $5.9 million. As of November 12, 2025, shares outstanding were 38,259,989.

WhiteFiber (WYFI) director reports equity award activity. On 10/15/2025, a director acquired 7,059 Ordinary Shares upon vesting of restricted stock units (RSUs) granted under the company’s 2025 Omnibus Equity Incentive Plan. The filing notes these shares were valued at $20.57 based on the 09/11/2025 closing price.

Table II lists RSUs with a $0.01 exercise price that became exercisable on 10/15/2025 and expire on 02/06/2035, with 7,058 derivative securities shown as beneficially owned following the transaction.

WhiteFiber, Inc. (WYFI) officer and director Erke Huang reported an equity award event on October 15, 2025. A total of 88,235 restricted stock units (RSUs) vested and were issued as 88,235 Ordinary Shares under the company’s 2025 Omnibus Equity Incentive Plan, in an exempt transaction pursuant to Rule 16b-3.

The filing notes these shares were valued at $20.57 per share, the closing market price on September 11, 2025. Following the reported transactions, 88,235 Ordinary Shares were beneficially owned directly by the reporting person.

WhiteFiber, Inc. (WYFI) CEO Samir Tabar reported insider equity activity. On 10/15/2025, he received 88,235 performance-based RSUs under the 2025 Omnibus Equity Incentive Plan, which immediately vested and were issued as Ordinary Shares. The filing notes these shares were valued at $20.57 based on the September 11, 2025 closing price. Following the transaction, his direct holdings totaled 147,058 Ordinary Shares. The Form 4 lists the derivative code M and direct ownership.

WhiteFiber, Inc. (WYFI) 10-Q highlights substantial growth in capital assets and financing activity alongside operating losses. The company reported large increases in property, plant and equipment, net to $229,956,425 and deposits for property, plant and equipment of $14,364,613, reflecting ongoing buildout and reclassification activity including a $79,535,429 reclassification to PP&E. Parent contributions totaled $92,748,625 in the period and the company completed an offering that generated initial gross proceeds of $159,375,000 with an over-allotment exercise of $23,906,250. Net cash used in investing activities was $(130,960,748). The combined statements show non-current operating lease liabilities of $37,946,832 and current deferred revenue declined by about $19 million. The company recorded net losses including $(8,833,392) and significant depreciation and amortization expense of $8,970,357 for the period.