WhiteFiber (NASDAQ:WYFI) Announces Earnings Results

WhiteFiber (NASDAQ:WYFI) issued its earnings results on Tuesday. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($2.08), FiscalAI reports. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. The firm had revenue of $24.02 million during the quarter. During the same quarter last year, the company earned ($0.47) EPS. The business’s revenue was up 18.9% on a year-over-year basis.

Here are the key takeaways from WhiteFiber’s conference call:

• White Fiber says all 40 MW at NC-1 are operational and billing as of November 9, under a 10-year contract worth about $865 million. Development costs are expected to come in just below $9 million per gross MW, within the company’s original budget range.
• The company signed approximately $750 million in new cloud-services contracts across five customers, covering about 13,000 GPUs. It expects its fully deployed signed portfolio to reach roughly $365 million in annualized revenue by mid-2027, subject to equipment, facility, customer-acceptance, and financing timelines.
• Managed services is emerging as a capital-light growth channel: four signed agreements total about $58 million, with customers funding the hardware and data-center capacity. White Fiber is targeting more than $50 million in annualized recurring revenue by the end of Q1 2027, contingent on additional signings and deployments.
• Customer interest in the next North Carolina sites has strengthened, with advanced discussions for about 105 MW across NC-1, NC-2, and NC-3 and initial capacity targeted for late 2027. The company is prioritizing investment-grade credit and financeable returns, so delivery depends on customer commitments, power, financing, and approvals.
• Q3 revenue rose 19% year over year to $24 million, but cloud revenue excluding a $3.4 million termination fee fell about 18%, and adjusted EBITDA was roughly break-even versus $2.3 million positive a year earlier. Net loss was $101.4 million, including an $80.8 million induced conversion expense.

WhiteFiber Stock Performance

Shares of WhiteFiber stock opened at $9.21 on Wednesday. WhiteFiber has a 1 year low of $7.43 and a 1 year high of $46.87. The firm’s 50-day moving average is $15.05 and its 200 day moving average is $20.80. The stock has a market cap of $417.04 million, a price-to-earnings ratio of -5.01 and a beta of 6.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.79 and a quick ratio of 0.79.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of WhiteFiber in a research report on Tuesday. Cantor Fitzgerald raised shares of WhiteFiber from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $36.00 in a report on Thursday, August 13th. HC Wainwright boosted their price objective on shares of WhiteFiber from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday. BTIG Research decreased their price objective on shares of WhiteFiber from $50.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Needham & Company LLC lowered their price objective on shares of WhiteFiber from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.22.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WYFI. Polaris Financial Partners bought a new position in shares of WhiteFiber in the third quarter worth approximately $27,000. Integrated Wealth Concepts LLC bought a new stake in shares of WhiteFiber during the second quarter valued at approximately $36,000. Bogart Wealth LLC increased its position in shares of WhiteFiber by 160.0% during the third quarter. Bogart Wealth LLC now owns 2,600 shares of the company’s stock valued at $47,000 after acquiring an additional 1,600 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in WhiteFiber in the 3rd quarter worth approximately $55,000. Finally, Cetera Investment Advisers purchased a new position in WhiteFiber in the 1st quarter worth approximately $203,000.

WhiteFiber News Roundup

Here are the key news stories impacting WhiteFiber this week:

• Positive Sentiment: WhiteFiber said NC-1 is fully operational across all 40 MW of contracted IT capacity, providing a potential foundation for future growth. WhiteFiber Q3 2026 results
• Positive Sentiment: The company secured a $300 million term-loan facility for the project, providing financing to support its infrastructure plans, though it adds debt. WhiteFiber term loan agreement
• Neutral Sentiment: Revenue was $24.02 million, up 18.9% from a year earlier, indicating business growth despite the quarterly loss. WhiteFiber Q3 2026 results
• Negative Sentiment: Reported Q3 loss was $2.44 per share, far worse than analysts’ expected $0.36 loss and the $0.47 loss a year earlier. Coverage also highlighted an $80.8 million charge and an NC-1 delay, raising concerns about costs and execution. WhiteFiber Q3 charge and NC-1 coverage WhiteFiber Q3 earnings coverage

WhiteFiber Company Profile

WhiteFiber Inc. (NASDAQ: WYFI) is a digital infrastructure company focused on data center and cloud computing services for artificial intelligence and high-performance computing workloads. Its offerings combine data center infrastructure with access to specialized computing resources. The company provides GPU-based cloud services and data center solutions designed to support demanding applications, including AI model training and inference. These services help customers access computing capacity without building and operating all of the required infrastructure themselves.