WhiteFiber (NASDAQ:WYFI) Posts Earnings Results

WhiteFiber (NASDAQ:WYFI) posted its quarterly earnings results on Tuesday. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $24.02 million during the quarter. During the same period in the prior year, the company posted ($0.47) earnings per share. The company’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 traded down $0.61 during trading on Tuesday, hitting $8.96. 933,013 shares of the company’s stock were exchanged, compared to its average volume of 1,731,084. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.79 and a current ratio of 0.79. The business has a 50-day simple moving average of $15.24 and a 200-day simple moving average of $20.85. WhiteFiber has a 52-week low of $7.43 and a 52-week high of $46.87. The stock has a market capitalization of $405.66 million, a price-to-earnings ratio of -4.84 and a beta of 6.77.

Institutional Investors Weigh In On WhiteFiber

Several hedge funds have recently added to or reduced their stakes in WYFI. Penn Capital Management Company LLC grew its position in WhiteFiber by 37.0% during the 3rd quarter. Penn Capital Management Company LLC now owns 28,940 shares of the company’s stock worth $521,000 after purchasing an additional 7,813 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of WhiteFiber in the 3rd quarter valued at about $55,000. Polaris Financial Partners purchased a new stake in shares of WhiteFiber in the third quarter worth about $27,000. Tidal Investments LLC boosted its stake in shares of WhiteFiber by 115.9% in the second quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock worth $4,876,000 after buying an additional 67,379 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in WhiteFiber during the second quarter worth about $439,000.

Analyst Ratings Changes

WYFI has been the topic of a number of research analyst reports. BTIG Research reissued a “buy” rating and set a $50.00 price objective on shares of WhiteFiber in a report on Wednesday, August 12th. Weiss Ratings lowered WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Barclays lifted their price target on WhiteFiber from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. Cantor Fitzgerald upgraded WhiteFiber from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $27.00 to $36.00 in a research note on Thursday, August 13th. Finally, Needham & Company LLC increased their price objective on WhiteFiber from $38.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

About WhiteFiber

WhiteFiber, Inc (NASDAQ: WYFI) is a digital infrastructure company focused on providing high-performance computing resources for artificial intelligence, machine learning and other data-intensive workloads.

The company develops and operates infrastructure intended to support advanced computing, including data center capacity, power and connectivity solutions, and access to specialized computing resources. Its offerings are designed for customers that require scalable, reliable infrastructure for applications such as AI model development, cloud computing and high-performance computing.

WhiteFiber is an emerging company in the rapidly expanding AI and digital infrastructure sector.