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Whitefiber, Inc. (WYFI) stock

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NASDAQ: WYFI Nasdaq Internet Services & Infrastructure Next results ~November 10, 2026

Whitefiber, Inc. is a US-listed company in the internet services & infrastructure industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$2.3

Forward price-to-earnings vs peers

Base case. Range ~$1.9–$4.2. Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Whitefiber, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds95 adding, 51 cuttingOf 32 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Whitefiber files

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Whitefiber, Inc.'s trailing-twelve-month revenue grew 51.7% year on year, with a free-cash-flow margin of -360.4%.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 74.6% while net income fell 403.0%: a 328pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 51.7% over the last 12 months.

Things to watch

  • Loss-making. Operating margin is -42.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 26.5 points on a year ago.
  • Burning cash. Free cash flow was -360.4% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 20.0% of revenue: a real cost that cash-flow figures leave out.
  • High debt. Long-term debt exceeds cash by $0.2bn, more than 1.5 times annual revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 122% and a beta of 4.5 against the S&P 500.

Latest results: FY2026 Q2

Filed August 12, 2026
Earnings per share
-$0.17 against an average estimate of -$0.40: beat by 56.2%
Revenue
$29m, up 54.5% on a year earlier
Next report
November 10, 2026; average EPS estimate -$0.30

Whitefiber's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+13.3%
  • 1 week-4.5%
  • 1 month-41.5%
  • This year-41.4%
  • 1 year-67.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$94.5M
Operating margin
-42.3%
Net margin
-46.9%
EPS (TTM, diluted)
$-1.19

Growth

Revenue growth
+51.7%
Change in growth rate
+1.7 pts

Earnings

Last results
January 21, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Deal
  2. Announcement
  3. Agreement
  4. Agreement
  5. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Whitefiber, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Whitefiber, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.15 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: the projected cash flows don't support a positive value
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$2.3 ~$1.9–$4.2 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — 0 Does not apply: no positive value
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.3 ~$1.9–$4.2 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Whitefiber, Inc. with Internet Services & Infrastructure in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, before the open. Analysts expect revenue of $30m and EPS of −$0.30 (range −$0.35 to −$0.25) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.61 +21% $136m +72%
Next $0.15 +124% $296m +118%

Next year's EPS estimate has moved −72.8% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −26.5% on 90 days ago. In the last 30 days, 1 analyst raised Whitefiber, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Whitefiber, Inc., last 90 days
−$1.00 −$0.50 $0.00 $0.50 $1.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.83 Current fiscal year, 60 days ago: −$0.84 Current fiscal year, 30 days ago: −$0.61 Current fiscal year, 7 days ago: −$0.61 Current fiscal year, Now: −$0.61 −$0.61 Next fiscal year, 90 days ago: $0.54 Next fiscal year, 60 days ago: $0.58 Next fiscal year, 30 days ago: $0.52 Next fiscal year, 7 days ago: $0.15 Next fiscal year, Now: $0.15 $0.15

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.83$0.54
60 days ago −$0.84$0.58
30 days ago −$0.61$0.52
7 days ago −$0.61$0.15
Now −$0.61$0.15

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.40 −$0.17 +56.2%
Mar 2026 −$0.31 −$0.36 −15.7%
Sept 2025 −$0.10 −$0.46 −345.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

11 analysts, Oct 2026
Buy1091%
Hold19%
Sell00%

Monthly trend

  1. Oct 202628111
  2. Sep 202628111
  3. Aug 20262619
  4. Jul 20262529

Counts of recommendations published by analysts covering Whitefiber, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
48.0%
of tradable shares
Days to cover
4.1
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
24%
of shares
Held by insiders
61.1%
of shares
Employees
83
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 2026 to date
Return
WYFI−41%
Industry peers (median)−30%
S&P 500+11%
Months that ended higher
WYFI36%
S&P 50046%
Largest fall from a high during the year
WYFI−79%
S&P 500−9%

Worst fall since August 7, 2025: 79% from June 22, 2026 to November 2, 2026. Getting back needed a 384% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$9.26 – $44.77
From 52-week high
−79.3%
vs 50-day average
−43.2%
vs 200-day average
−56.1%
Volatility (1 year)
122%
Beta vs S&P 500
4.53

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
1 up, 1 down
typical move ±11.8%
After a week
1 up, 1 down
typical move ±19.6%
After a month
0 up, 2 down
typical move ±22.5%
Results releasedNext dayS&P 500 next day5 days21 days
January 21, 2026 +2.7% +1.7% +15.6% −11.9%
November 13, 2025 −20.8% −1.7% −23.5% −33.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Whitefiber, Inc.
$50M $60M $70M $80M $90M $100M FY25 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 Revenue (TTM), FY25 Q1: $56.2M Revenue (TTM), FY25 Q2: $62.3M Revenue (TTM), FY25 Q3: $70.2M Revenue (TTM), FY25 Q4: $79.2M Revenue (TTM), FY26 Q1: $84.3M Revenue (TTM), FY26 Q2: $94.5M $94.5M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY25 Q1 $56.2M
FY25 Q2 $62.3M
FY25 Q3 $70.2M
FY25 Q4 $79.2M
FY26 Q1 $84.3M
FY26 Q2 $94.5M
Operating margin (TTM) Whitefiber, Inc.
-60% -40% -20% 0% 20% FY25 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 Operating margin (TTM), FY25 Q1: 3.1% Operating margin (TTM), FY25 Q2: -15.8% Operating margin (TTM), FY25 Q3: -33.5% Operating margin (TTM), FY25 Q4: -33.9% Operating margin (TTM), FY26 Q1: -47.3% Operating margin (TTM), FY26 Q2: -42.3% -42.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY25 Q1 3.1%
FY25 Q2 -15.8%
FY25 Q3 -33.5%
FY25 Q4 -33.9%
FY26 Q1 -47.3%
FY26 Q2 -42.3%
FCF margin (TTM) Whitefiber, Inc.
-400% -300% -200% -100% 0% FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FCF margin (TTM), FY25 Q2: -313.0% FCF margin (TTM), FY25 Q3: -348.0% FCF margin (TTM), FY25 Q4: -281.4% FCF margin (TTM), FY26 Q1: -398.0% FCF margin (TTM), FY26 Q2: -360.4% -360.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY25 Q2 -313.0%
FY25 Q3 -348.0%
FY25 Q4 -281.4%
FY26 Q1 -398.0%
FY26 Q2 -360.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 48 79 95
Gross profit 27 48 56
EBITDA 17 −3 −12
Operating income 1 −27 −40
Net income 1 −25 −44
Diluted EPS $0.05 −$0.78 −$1.19
Growth (year on year)
Revenue — +66.2% +51.7%
EBITDA — −119.7% −247.9%
Net income — <−999% —
Diluted EPS — <−999% —
Margins
Gross margin 56.4% 60.2% 59.5%
EBITDA margin 36.0% −4.3% −13.2%
Operating margin 1.3% −33.9% −42.3%
Net margin 2.9% −31.2% −46.9%
Free-cash-flow margin −126.5% −281.4% −360.4%
Cash flow
Cash from operations 19 46 142
Capital spending 79 268 482
Free cash flow −60 −223 −341
Stock-based pay −0 17 19
Free cash flow after stock pay −60 −240 −359
Balance sheet
Cash 12 114 56
Total debt 1 20 280
Net debt (negative = net cash) −11 −94 224
Diluted shares 27m 32m 37m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Days sales outstanding
90 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in internet services & infrastructure
Last 12 months unless stated WYFI TZOO BTBT DHX BGIN CIFR Median
Revenue, last 12 months $95m $92m $123m $125m $67m $146m $165m
Revenue growth, last 12 months 51.7% 4.9% 23.6% −7.3% −77.7% −29.2% 10.1%
Revenue growth, 3-year average — 6.1% 221.2% −7.1% — — 7.6%
Revenue growth, latest quarter 54.5% −2.9% 25.2% −2.1% — −62.8% 5.7%
Gross margin 59.5% 76.3% 68.0% 83.8% −112.2% 50.5% 50.5%
Operating margin −42.3% 1.9% −225.3% 4.9% −261.3% −387.2% −49.3%
Operating margin, 3-year average — 13.0% −89.0% 1.8% — −155.8% −25.3%
Net margin −46.9% 0.5% −237.2% 1.0% −262.6% −742.3% −47.1%
Cash from operations / revenue 149.8% 3.5% −225.7% 21.3% −247.6% −231.1% −6.3%
Free-cash-flow margin −360.4% 3.5% −619.3% 16.2% −253.8% <−999% −29.5%
Free-cash-flow margin, 3-year average — 12.9% −276.5% 8.8% — −823.7% −17.4%
Stock pay / revenue 20.0% 1.6% 14.8% 3.5% 0.8% 74.7% 12.2%
Change in share count — −10.8% 84.8% −5.1% 1.2% 12.4% 5.2%

Median of all 35 companies we cover in internet services & infrastructure. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Cloud Services $68.8M 88.5% ▲ 50.4%
Colocation Services $8.9M 11.5% ▲ 554.8%
Products and services
Line of business Revenue Share YoY
Cloud Services $68.8M 86.8% ▲ 50.4%
Colocation Services $8.9M 11.3% ▲ 554.8%
Other $1.5M 1.9% ▲ 172.0%
Geography
Region Revenue Share YoY
IS $69.2M 87.4% ▲ 49.7%
Canada $8.9M 11.3% ▲ 554.8%
Other Countries $1.1M 1.4% ▲ 1136.0%

From Whitefiber, Inc.'s 10-K filed March 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$390M
Institutions reporting
124
Shares held vs prior quarter
▲ 2.4%
Positions opened / closed
57 / 29

Top buyers and sellers, Q2 2026: 95 institutions bought and 51 sold ; the biggest buyer was Capital World Investors (+720K shares) and the biggest seller Centerbook Partners LP (−549K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Situational Awareness LP $68.3M 1.8M 17.5% 0.0%
Blackrock, Inc. $31.1M 801K 8.0% ▲ 7.8%
Capital World Investors $28M 720K 7.2% New
Driehaus Capital Management LLC $22.6M 582K 5.8% New
D. E. Shaw & Co., Inc. $15.9M 410K 4.1% New
Price T Rowe Associates Inc $15.5M 399K 4.0% ▲ 212.2%
Mirae Asset Global Etfs Holdings Ltd. $15.2M 390K 3.9% ▲ 72.0%
Susquehanna International Group, LLP $12.2M 313K 3.1% New
Geode Capital Management, LLC $11.6M 298K 3.0% ▲ 6.4%
Millennium Management LLC $11.5M 296K 3.0% ▼ 39.2%
Trexquant Investment LP $9.2M 238K 2.4% ▲ 121.7%
Two Sigma Investments, LP $9.1M 234K 2.3% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Whitefiber, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $212,617 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $212,617 net selling
Insider Date Trade Shares Price Value
Shih Ichi Director May 29, 2026 Sell 7,059 $30.12 $212,617

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • January 21, 2026
  • November 13, 2025

Recent SEC filings

Data status

When each part of this page on Whitefiber, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Whitefiber, Inc. in brief

What does Whitefiber, Inc. do?
Whitefiber, Inc. is a US-listed company in the internet services & infrastructure industry. Its financial year ends in December.
What is Whitefiber, Inc.'s stock ticker?
Whitefiber, Inc. trades under the ticker WYFI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Whitefiber, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Whitefiber, Inc. reported revenue of $94.5M, 51.7% higher than a year earlier, according to its SEC filings.
What is Whitefiber, Inc.'s free cash flow?
Whitefiber, Inc.'s free-cash-flow margin is -360.4% of revenue over the trailing twelve months.
Who are Whitefiber, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Situational Awareness LP, Blackrock, Inc. and Capital World Investors. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Whitefiber, Inc.'s market cap?
On November 2, 2026, Whitefiber, Inc.'s market capitalisation was about $346M and net debt of $224M. Market figures come from third-party market data and may be delayed.
Who are Whitefiber, Inc.'s competitors?
In our Internet Services & Infrastructure peer group, the companies closest to Whitefiber, Inc. are Travelzoo, Bit Digital, Inc, DHI Group, Inc., Bgin Blockchain Ltd and Cipher Digital Inc. The side-by-side comparison below sets their revenue, margins and growth against Whitefiber, Inc.'s.
Are insiders buying or selling Whitefiber, Inc. stock?
Over the last 12 months, Whitefiber, Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Whitefiber, Inc.'s next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Whitefiber, Inc. announces its own schedule.