NASDAQ : WYFI
WhiteFiber, Inc. — Financial statements
Technology · Software - Application · United States
Last price 11.23 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 436.26M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
WhiteFiber, Inc. (WYFI) reported revenue of 92.94M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 92.94M | 77.67M | 47.09M | |
| Cost of Revenue | 13.10M | 8.86M | 2.87M | |
| Gross Profit | 79.84M | 68.81M | 44.22M | |
| Selling, General & Admin | 86.82M | 71.61M | 27.63M | 7.46M |
| Operating Expenses | 114.29M | 95.05M | 44.14M | 7.46M |
| Operating Income | -34.46M | -26.24M | 78.12K | -7.46M |
| Interest & Investment Income | 1.57M | 1.50M | 550.26K | |
| Other Non Operating Income (Expenses) | 451.40K | 1.43M | 1.62M | 116.12K |
| EBT Excluding Unusual Items | -40.45M | -23.32M | 2.24M | -7.34M |
| Merger & Restructuring Charges | -2.08M | -2.08M | ||
| Gain (Loss) on Sale of Assets | 1.45M | -372.99K | ||
| Pretax Income | -46.09M | -25.77M | 2.24M | -7.34M |
| Income Tax Expense | -1.79M | -1.09M | 874.18K | 10.96K |
| Net Income | -44.29M | -24.68M | 1.37M | -7.36M |
| Net Income to Common | -44.29M | -24.68M | 1.37M | -7.36M |
| Shares Outstanding (Basic) | 37.26M | 31.58M | 27.04M | |
| Shares Outstanding (Diluted) | 37.26M | 31.58M | 27.04M | |
| EPS (Basic) | -1.19 | -0.78 | 0.05 | |
| EPS (Diluted) | -1.19 | -0.78 | 0.05 | |
| Free Cash Flow | -340.56M | -222.75M | -60.28M | -301.34M |
| Free Cash Flow Per Share | -9.14 | -7.05 | -2.23 | |
| Gross Margin | 85.91% | 88.59% | 93.91% | |
| Operating Margin | -37.08% | -33.78% | 0.17% | |
| Profit Margin | -47.66% | -31.78% | 2.91% | |
| Free Cash Flow Margin | -366.45% | -286.80% | -128.01% | |
| EBITDA | -11.38M | -7.40M | 13.79M | |
| EBITDA Margin | -12.24% | -9.52% | 29.28% | |
| D&A For EBITDA | 23.08M | 18.84M | 13.71M | |
| EBIT | -34.46M | -26.24M | 78.12K | -7.46M |
| EBIT Margin | -37.08% | -33.78% | 0.17% | |
| Effective Tax Rate | 38.96% | |||
| Revenue as Reported | 94.50M | 79.16M | 47.64M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 56.06M | 114.44M | 11.67M | 652.57K |
| Cash & Short-Term Investments | 56.06M | 114.44M | 11.67M | 652.57K |
| Accounts Receivable | 25.82M | 28.18M | 7.81M | |
| Other Receivables | 5.95M | 4.79M | 5.78M | 13.86M |
| Receivables | 31.77M | 32.97M | 13.60M | 13.86M |
| Prepaid Expenses | 8.36M | 10.03M | 16.45M | |
| Restricted Cash | 4.31M | 3.86M | 3.73M | |
| Other Current Assets | 6.88M | 6.44M | 1.05M | 1.04M |
| Total Current Assets | 107.37M | 167.75M | 46.50M | 15.55M |
| Property, Plant & Equipment | 667.70M | 360.82M | 103.75M | 57.25M |
| Long-Term Investments | 1.00M | 1.00M | 1.00M | |
| Goodwill | 19.40M | 20.15M | 19.38M | |
| Other Intangible Assets | 12.00M | 12.82M | 13.03M | |
| Long-Term Accounts Receivable | 8.38M | 9.69M | 6.78M | |
| Long-Term Deferred Tax Assets | 7.52M | 2.59M | 104.64K | |
| Long-Term Deferred Charges | 22.10M | 22.97M | 982.04K | 1.88M |
| Other Long-Term Assets | 35.43M | 53.57M | 37.60M | 4.25M |
| Total Assets | 880.89M | 651.35M | 229.13M | 78.93M |
| Accounts Payable | 13.35M | 8.10M | 2.35M | 100.00K |
| Current Portion of Leases | 5.16M | 18.12M | 4.37M | 1.86M |
| Current Income Taxes Payable | 289.00K | 217.00 | 985.19K | |
| Current Unearned Revenue | 17.91M | 8.00M | 30.70M | 13.07M |
| Other Current Liabilities | 41.55M | 48.31M | 7.36M | 8.00M |
| Total Current Liabilities | 136.00M | 82.53M | 45.76M | 23.04M |
| Long-Term Leases | 10.22M | 5.28M | 9.01M | 4.35M |
| Long-Term Unearned Revenue | 125.20M | 71.55M | 73.49K | |
| Long-Term Deferred Tax Liabilities | 9.81M | 5.70M | 3.78M | |
| Other Long-Term Liabilities | 14.22M | 3.83M | 785.37K | 1.88M |
| Total Liabilities | 543.51M | 168.89M | 59.41M | 29.28M |
| Common Stock | 388.00K | 383.44K | 270.44K | 50.88M |
| Additional Paid-In Capital | 390.97M | 504.73M | 170.88M | |
| Retained Earnings | -51.56M | -24.54M | 143.89K | -1.23M |
| Comprehensive Income & Other | -2.42M | 1.89M | -1.57M | |
| Shareholders' Equity | 337.39M | 482.46M | 169.73M | 49.65M |
| Total Liabilities & Equity | 880.89M | 651.35M | 229.13M | 78.93M |
| Total Debt | 321.18M | 23.40M | 13.38M | 6.22M |
| Net Cash (Debt) | -265.12M | 91.05M | -1.71M | -5.56M |
| Net Cash Per Share | -7.12 | 2.88 | -0.06 | |
| Filing Date Shares Outstanding | 38.85M | 38.37M | 27.04M | |
| Total Common Shares Outstanding | 38.84M | 38.34M | 27.04M | |
| Working Capital | -28.63M | 85.22M | 744.30K | -7.49M |
| Book Value Per Share | 8.69 | 12.58 | 6.28 | |
| Tangible Book Value | 305.98M | 449.50M | 137.31M | 49.65M |
| Tangible Book Value Per Share | 7.88 | 11.72 | 5.08 | |
| Land | 11.52M | 6.51M | 3.50M | |
| Machinery | 154.51M | 178.46M | 75.87M | |
| Construction In Progress | 484.59M | 157.04M | 24.60M | |
| Leasehold Improvements | 4.04M | 30.09M | 2.03M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -44.29M | -24.68M | 1.37M | -7.36M |
| Depreciation & Amortization | 28.38M | 23.44M | 16.51M | |
| Loss (Gain) From Sale of Assets | -1.45M | 372.99K | ||
| Stock-Based Compensation | 27.87M | 16.87M | ||
| Provision & Write-off of Bad Debts | 2.39M | 178.29K | ||
| Change in Accounts Receivable | -19.13M | -18.75M | -4.67M | |
| Change in Accounts Payable | 12.09M | 5.65M | 423.07K | 600.00K |
| Change in Unearned Revenue | 131.40M | 48.75M | 17.22M | 78.44M |
| Change in Income Taxes | -469.97K | -984.97K | 985.19K | |
| Change in Other Net Operating Assets | 1.90M | -4.46M | -12.86M | -42.08M |
| Operating Cash Flow | 141.59M | 45.66M | 18.75M | 29.61M |
| Capital Expenditures | -482.15M | -268.40M | -79.03M | -330.95M |
| Sale of Property, Plant & Equipment | 27.23M | 1.15M | ||
| Investment in Securities | -1.00M | |||
| Investing Cash Flow | -454.92M | -267.25M | -80.03M | -330.95M |
| Long-Term Debt Repaid | -92.12K | |||
| Net Debt Issued (Repaid) | 291.83M | -92.12K | ||
| Issuance of Common Stock | 166.44M | 166.44M | ||
| Other Financing Activities | -105.31M | 157.41M | 76.44M | 305.26M |
| Financing Cash Flow | 352.97M | 323.77M | 76.44M | 305.26M |
| Foreign Exchange Rate Adjustments | 595.16K | 723.16K | -408.28K | |
| Net Cash Flow | 40.24M | 102.89M | 14.75M | 3.92M |
| Free Cash Flow | -340.56M | -222.75M | -60.28M | -301.34M |
| Free Cash Flow Margin | -366.45% | -286.80% | -128.01% | |
| Free Cash Flow Per Share | -9.14 | -7.05 | -2.23 | |
| Levered Free Cash Flow | -429.60M | -237.57M | -58.99M | |
| Unlevered Free Cash Flow | -425.87M | -237.57M | -58.99M | |
| Cash Income Tax Paid | 1.42M | 598.18K | ||
| Change in Working Capital | 123.31M | 29.48M | 868.32K | 36.96M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 402.47M | 604.51M | ||
| Enterprise Value | 667.59M | 479.37M | ||
| Last Close Price | 10.36 | 15.80 | ||
| PS Ratio | 4.33 | 7.78 | ||
| PB Ratio | 1.19 | 1.25 | ||
| P/TBV Ratio | 1.32 | 1.34 | ||
| P/OCF Ratio | 2.84 | 13.24 | ||
| EV/Sales Ratio | 7.18 | 6.17 | ||
| Debt / Equity Ratio | 0.95 | 0.05 | 0.08 | 0.12 |
| Debt / EBITDA Ratio | 25.28 | 1.65 | 0.43 | |
| Net Debt / Equity Ratio | 0.79 | -0.19 | 0.01 | 0.11 |
| Net Debt / EBITDA Ratio | -23.30 | 12.31 | 0.12 | |
| Net Debt / FCF Ratio | -0.78 | 0.41 | -0.03 | -0.02 |
| Asset Turnover | 0.15 | 0.18 | 0.31 | |
| Quick Ratio | 0.65 | 1.79 | 0.55 | 0.63 |
| Current Ratio | 0.79 | 2.03 | 1.02 | 0.68 |
| Return on Equity (ROE) | -13.73% | -7.57% | 1.25% | |
| Return on Assets (ROA) | -3.40% | -3.72% | 0.03% | |
| Return on Invested Capital (ROIC) | -6.09% | -9.32% | 0.04% | -13.51% |
| Return on Capital Employed (ROCE) | -4.60% | -4.60% | 0.00% | -13.40% |
| Earnings Yield | -11.47% | -4.08% | ||
| FCF Yield | -84.62% | -36.85% | ||
| Buyback Yield / Dilution | 1.49% | -16.79% |