WhiteFiber, Inc. specializes in delivering foundational infrastructure solutions for artificial intelligence. It achieves this by developing and operating high-performance data centers and ...
WhiteFiber, Inc. (WYFI) is a technology company focused on providing foundational infrastructure for artificial intelligence (AI) workloads. Incorporated on August 15, 2024 as a Cayman Islands exempted company and spun off from Bit Digital, Inc., the company designs, builds, and operates high-performance data centers and cloud platforms optimized for graphics ...WhiteFiber, Inc. (WYFI) is a technology company focused on providing foundational infrastructure for artificial intelligence (AI) workloads. Incorporated on August 15, 2024 as a Cayman Islands exempted company and spun off from Bit Digital, Inc., the company designs, builds, and operates high-performance data centers and cloud platforms optimized for graphics processing units (GPUs). Its core offerings include colocation facilities, managed hosting, and GPU-as-a-Service (GaaS), addressing the intense computational, storage, and networking requirements of AI and machine learning applications.
WhiteFiber operates on an end-to-end vertically integrated model, controlling infrastructure from design to operation. As of the latest data, the company has 83 full-time employees and is headquartered in New York City. Financially, WhiteFiber demonstrates a high-revenue-per-employee model but reports negative profitability metrics, including a net profit margin of -45.2% and an EBITDA margin of -12.7%, reflecting heavy investment in growth and capital expenditures. The company's revenue per share is $2.196, while its book value per share is low at $0.074, indicating a high market valuation relative to tangible assets. Key financial ratios show a current ratio of 2.739, indicating good liquidity, and a debt-to-equity ratio of 0.714, suggesting moderate leverage. The company does not pay dividends, as it reinvests profits into expanding its infrastructure.
Leadership, under CEO Samir Tabar, focuses on scaling operations to meet growing AI demand. The company's initial public offering was priced at $15-$17 per share, and it began trading on Nasdaq on August 7, 2025. With a market capitalization of approximately $951 million, WhiteFiber is positioned as a niche player in the AI infrastructure sector, competing with larger cloud providers but differentiating through specialized GPU-optimized services. Future growth depends on successful execution of its vertical integration strategy and the continued expansion of AI adoption.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$79.2M
+66.2%
-98.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-24.7M
-1901.9%
+99.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+62.1%
+170.9%
-39.1%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-33.9%
-718.6%
+70.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-31.2%
-1184.3%
+5.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-222.7M
-267.6%
+45.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-281.4%
-121.2%
-5016.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
4.8%
-38.5%
-81.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.03x
+100.0%
-71.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, and welcome to the White Fiber Second Quarter 2026 Earnings Conference Call. Good morning, and thank you for joining us. We will begin with prepared remarks from manage. [Operator Instructions] As a reminder, today's conference is being recorded. I would now like to turn the call over to your host, Cameron Schnier, Senior Vice President of Capital Markets and Corporate Strategy at White Fiber. Cameron, please go ahead.
William Schnier: Thank you, and welcome to the White Fiber Second Quarter 2026 Earnings Call. Joining me today are Samir Tabar, our Chief Executive Officer; and Justin Zhu, our Chief Financial Officer. Before we begin, I'd like to remind everyone that some of the statements we make on this call are forward-looking in nature and subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include, but are not limited to, those factors described in today's earnings press release, our Form 10-Q for the quarter ended June 30, 2026, filed today as well as other filings we may make with the SEC from time to time. Our remarks today may also include non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures can be found in our Form 10-Q and in the earnings press release posted on our website. Following our prepared remarks, we will open the line for questions. With that, I'll turn the call over to Sam to discuss our performance. Sam?
Samir Tabar: Thank you, Cam, and thank you, everyone, for joining us. Last week marked the first anniversary of White Fiber's initial public offering. Over the past year, we've made substantial progress towards the company we set out to build. Most notably, we signed a transformational 10-year agreement, representing approximately $865 million of contracted revenue for 40 megawatts of IT workload at NC1. We've since advanced the project through construction and now into active customer deployment. We've also started operations and turned on revenue at our Montreal 3 location under our Cerebras agreement, expanded our development pipeline, strengthened our capital base and repositioned our cloud services business around larger, longer duration opportunities. We are proud of what we've accomplished in our first year, but we aren't satisfied. We remain in the early stages of what -- we remain in the early stages of what White Fiber can become. Our first -- our most significant accomplishments remain ahead of us. As we enter this next phase, I'd also like to welcome Justin Zhu as White Fiber's Chief Financial Officer. Justin previously served as Senior Vice President of Finance and Chief Accounting Officer. He has been with White Fiber since its formation. He has a deep understanding of our business, financial operations and growth strategy. Eric is stepping away from his executive role at White Fiber to focus fully on Bit Digital. We thank Eric for his important contributions to White Fiber's development. …
