WhiteFiber Bets on Growth: Revenue Jumps 48%, Reports $8.8M Loss

WhiteFiber, Inc. (Nasdaq: WYFI) announced its financial results for the second quarter of 2025, showcasing significant revenue gains and strategic growth initiatives, although profit margins declined due to increased operational spending. Revenue climbed 48% year-over-year to reach $18.7 million, buoyed by a 33% rise in cloud services revenue to $16.6 million and $1.7 million generated from colocation services WhiteFiber, Inc. Reports Second Quarter 2025 Results [ 1 ]. Gross profit grew to $11.5 million, with gross margins in cloud and colocation divisions at 61% and 60%, respectively. However, the company recorded a net loss of $8.8 million, contrasting with a $1.95 million profit in the same period last year, while Adjusted EBITDA dropped to $3.3 million from $7.0 million in Q2 2024 WhiteFiber, Inc. Reports Second Quarter 2025 Results [ 1 ].

During the quarter, WhiteFiber ramped up its capital investments after raising $183 million in its August IPO, pricing shares at $17 each WhiteFiber, Inc. Reports Second Quarter 2025 Results [ 1 ]. The company purchased a one million square foot data center in North Carolina (NC-1) and started pre-construction on a 24-megawatt phase expected to finish in Q1 2026. Management highlighted high demand for NC-1, with many potential clients seeking more capacity beyond the initial phase. The firm also launched deployment of wafer-scale systems for Cerebras under a 5MW IT load agreement, with revenue anticipated in the fourth quarter of 2025 WhiteFiber, Inc. Reports Second Quarter 2025 Results [ 1 ].

The decline in profitability was largely due to a twelvefold increase in general and administrative costs, which rose to $15.5 million, including $6.5 million in share-based compensation WhiteFiber, Inc. Reports Second Quarter 2025 Results [ 1 ]. Total operating expenses reached $27.8 million, resulting in an operating loss of $9.2 million compared to an operating income of $2.4 million in the second quarter of 2024. Analysts pointed to strategic infrastructure investments and the transition to operating as an independent public company as key factors behind these changes WhiteFiber, Inc. Reports Second Quarter 2025 Results [ 3 ].

Following the IPO, WhiteFiber’s balance sheet was bolstered by the $183 million raised and a CAD $60 million (USD $43.8 million) undrawn debt line secured with

WhiteFiber, Inc. Reports Second Quarter 2025 Results [ 1 ]. The company highlighted its role as a dedicated AI infrastructure provider, bringing together GPU cloud offerings and data center capabilities to meet changing enterprise needs. CEO Sam Tabar underscored the company’s expertise in rapidly and efficiently retrofitting facilities, allowing for faster deployment than competitors WhiteFiber, Inc. Reports Second Quarter 2025 Results [ 1 ].

Analyst opinions on the company’s valuation are mixed. The stock traded at a 13.4x price-to-sales ratio, well above sector norms, with B. Riley estimating a Q2 2025 loss of $0.17 per share and setting a price target of $34.00 Q2 Earnings Estimate for WhiteFiber Issued By B. Riley [ 4 ]. Other analysts, such as Needham & Company and Macquarie, also issued “Buy” ratings, with targets from $25.00 up to $34.00 Q2 Earnings Estimate for WhiteFiber Issued By B. Riley [ 4 ]. Despite this optimism, there are concerns about whether growth can be maintained given high operating expenses and the competitive AI infrastructure market WhiteFiber (WYFI): Assessing Valuation Ahead of Executive … [ 5 ].

Looking ahead, WhiteFiber aims to use its financial resources and expansion projects to grow its business, with management eyeing Q1 2026 for the first phase of NC-1 and ongoing talks for larger megawatt contracts. The next earnings release is set for November 2025 and will provide more updates on how the company is progressing with its strategic objectives Earnings call transcript: WhiteFiber Inc reports Q2 2025 revenue … [ 2 ].