Revenue reached 21.9 million dollars in 2026Q1, yet the company continues to struggle with operating leverage, reporting a negative 50.3 percent operating margin.
| Sales/Revenue | 84.33M | 79.16M | 47.64M | 0 |
| Revenue Growth % | - | 66.17% | - | - |
| Cost of Goods Sold | 32.15M | 30.04M | 36.73M | 0 |
| COGS % of Revenue | - | 37.94% | 77.09% | - |
| Gross Profit | 52.17M | 49.13M | 10.91M | 0 |
| Gross Margin % | 61.87% | 62.06% | 22.91% | - |
| Gross Profit Growth % | - | 350.21% | - | - |
| Operating Expenses | 92.05M | 75.95M | 8.3M | 1.24M |
| OpEx % of Revenue | - | 95.94% | 17.43% | - |
| Selling, General & Admin | 66M | 52.51M | 8.3M | 1.24M |
| SG&A % of Revenue | - | 66.33% | 17.43% | - |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 4M | 23.44M | 0 | 0 |
| Operating Income | -39.88M | -26.82M | 2.61M | -1.24M |
| Operating Margin % | -47.29% | -33.88% | 5.48% | - |
| Operating Income Growth % | - | -1127.95% | 309.83% | - |
| EBITDA | -13.83M | -3.38M | 19.12M | -1.22M |
| EBITDA Margin % | -16.4% | -4.27% | 40.14% | - |
| EBITDA Growth % | - | -117.68% | 1661.98% | - |
| D&A (Non-Cash Add-back) | 26.05M | 23.44M | 16.51M | 0 |
| EBIT | -37.82M | -26.82M | 2.24M | -1.22M |
| Net Interest Income | -2M | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 |
| Interest Expense | 2M | 0 | 0 | 0 |
| Other Income/Expense | 1.13M | 1.05M | -365.13K | 19.35K |
| Pretax Income | -38.75M | -25.77M | 2.24M | -1.22M |
| Pretax Margin % | -45.95% | -32.55% | 4.71% | - |
| Income Tax | -597.35K | -1.09M | 874.18K | 1.83K |
| Effective Tax Rate % | 1.54% | 4.21% | 38.96% | -0.15% |
| Net Income | -38.15M | -24.68M | 1.37M | -1.23M |
| Net Margin % | -45.24% | -31.18% | 2.88% | - |
| Net Income Growth % | - | -1901.85% | 211.74% | - |
| Net Income (Continuing) | -38.15M | -24.68M | 1.37M | -1.23M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.99 | -0.78 | 0.04 | -0.03 |
| EPS Growth % | - | -2254.7% | 211.73% | - |
| EPS (Basic) | - | -0.78 | 0.04 | -0.03 |
| Diluted Shares Outstanding | 38.39M | 31.58M | 37.83M | 37.83M |
| Basic Shares Outstanding | 38.39M | 31.58M | 37.83M | 37.83M |
| Dividend Payout Ratio | - | - | - | - |
High Operating Leverage Sensitivity
According to recent financial disclosures, WhiteFiber has achieved significant top-line expansion, with revenue reaching 21.9 million dollars in 2026Q1, representing a 30.7 percent year-over-year growth rate that underscores the company's successful transition toward high-demand AI compute services from its legacy infrastructure base.
The consistent quarter-over-quarter revenue growth suggests that the company is successfully monetizing its energized power capacity. However, investors should monitor whether this growth trajectory remains sustainable as the company exhausts its initial backlog of ready-to-use data center sites.
As reported in quarterly filings, WhiteFiber's gross margin profile has undergone a material transformation, rising from 18.2 percent in 2024Q3 to a robust 60.2 percent in 2026Q1, reflecting the company's successful pivot toward higher-value GPU-as-a-Service offerings compared to its previous hosting operations.
This margin expansion indicates strong pricing power within the current AI compute market. The stability of these margins above 60 percent suggests that the company has successfully transitioned its cost structure to favor high-margin compute workloads, though future volatility remains a possibility if compute supply increases.
Based on the provided income statements, WhiteFiber continues to struggle with operating leverage, reporting a negative 50.3 percent operating margin in 2026Q1, as SG&A expenses of 17.8 million dollars continue to outpace the gross profit generated by the company's expanding infrastructure footprint.
The persistent operating losses suggest that the company is currently in a heavy investment phase, likely incurring significant pre-operational costs and technical personnel expenses. Investors should look for a clear inflection point where revenue growth begins to outpace the growth in fixed operating overhead.
While revenue growth remains strong, the company's reliance on high-cost infrastructure and the 8.8 million dollars in stock-based compensation recorded in 2025Q3 warrant caution, as these figures suggest that the current path to profitability may be more dilutive than the headline revenue growth implies.
Short-term investors should be wary of the potential for margin compression if the company is forced to increase capital expenditures to keep pace with rapid GPU obsolescence. The current negative net income trend suggests that the business model remains highly sensitive to both utilization rates and financing costs.
Quick answers to the most common questions about buying WYFI stock.
For fiscal year 2025, WhiteFiber, Inc. Ordinary Shares (WYFI) reported total revenue of $79.2M.
WhiteFiber, Inc. Ordinary Shares (WYFI) reported a net loss of $24.7M for the fiscal year ending 2025.
WhiteFiber, Inc. Ordinary Shares (WYFI) reported an operating income of $-26.8M, resulting in an operating profit margin of -33.9%. This margin reflects the operational efficiency of the business before interest and taxes.
WhiteFiber, Inc. Ordinary Shares (WYFI) generated $49.1M in gross profit for the year, representing a gross profit margin of 62.1%. This demonstrates the company's core pricing power and production efficiency.