WhiteFiber (NASDAQ:WYFI) Announces Quarterly Earnings Results, Misses Expectations By $0.53 EPS

Key Points

• EPS miss: WhiteFiber reported ($0.67) EPS vs. consensus ($0.14), missing by $0.53 while revenue was $23.56M; management warned of near‑term cloud weakness with Q1 revenue guidance of roughly $16M–$17M and April as the low point before a mid‑Q2 ramp.
• The company signed a 10‑year, 40‑MW IT load agreement with Nscale representing roughly $865 million of contracted revenue (including escalators and installation) and a May 31 ready‑for‑service date, a deal that materially improves financing optionality.
• Balance sheet and financing strengthened: year‑end cash of $114.4 million, no funded debt, an undrawn RBC facility, and a $230M convertible note (4.5%); management expects to secure debt financing for NC‑1 in Q2 2026 and says they can fully fund NC‑1 to completion.

WhiteFiber (NASDAQ:WYFI - Get Free Report) posted its earnings results on Thursday. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.53), Zacks reports. The business had revenue of $23.56 million for the quarter, compared to analysts' expectations of $23.07 million.

Here are the key takeaways from WhiteFiber's conference call:

• The company signed a 10-year, 40‑MW IT load agreement with Nscale that represents roughly $865 million of contracted revenue (including escalators and installation), with the full tranche now scheduled for a May 31 ready‑for‑service date after a customer‑driven change order and an investment‑grade hyperscaler offtaker that materially improves financing optionality.
• Balance sheet and financing position strengthened — year‑end cash of $114.4 million, no funded debt, an undrawn RBC facility, and a $230 million convertible note completed in January (4.5% coupon with a capped‑call structure); management expects to secure debt financing for NC‑1 in Q2 2026 and says they can fully fund NC‑1 to completion.
• The cloud business is being repositioned toward enterprise/managed GPU deployments, including monetizing ~1,000 H200 GPUs for ~$26 million, but management expects near‑term cloud revenue weakness with Q1 guidance of roughly $16 million–$17 million (April as the low point) before a mid‑Q2 ramp and stronger second half.
• The company's retrofit‑first execution remains a differentiator — Montreal 3 was converted into a data center in ~6 months to support Cerebras, they're exercising a CAD 24M purchase option to cut annual lease expense, and they continue to evaluate >1 GW of pipeline across small urban (5–20 MW) and large campus opportunities.

WhiteFiber Trading Down 4.6%

WYFI traded down $0.56 on Friday, reaching $11.60. The company had a trading volume of 206,067 shares, compared to its average volume of 906,587. The company has a market capitalization of $443.82 million and a P/E ratio of -24.64. The company has a fifty day moving average of $17.56 and a 200-day moving average of $21.43. WhiteFiber has a one year low of $11.33 and a one year high of $40.75.

Analyst Ratings Changes

WYFI has been the topic of several analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of WhiteFiber in a research note on Monday, December 29th. B. Riley Financial reduced their price objective on WhiteFiber from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, December 24th. Compass Point started coverage on WhiteFiber in a report on Tuesday, December 16th. They issued a "buy" rating and a $32.00 price objective for the company. Finally, HC Wainwright lowered their target price on WhiteFiber from $34.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

Institutional Trading of WhiteFiber

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of WhiteFiber by 108.2% during the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company's stock valued at $37,000 after acquiring an additional 1,244 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in WhiteFiber during the fourth quarter worth approximately $44,000. MetLife Investment Management LLC acquired a new stake in WhiteFiber in the fourth quarter worth approximately $106,000. Deutsche Bank AG bought a new position in WhiteFiber during the 4th quarter valued at $115,000. Finally, Prelude Capital Management LLC bought a new position in WhiteFiber during the 3rd quarter valued at $258,000.

About WhiteFiber

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.

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