WhiteFiber, Inc.: Miss — EPS -$2.44, Revenue $24.02M
Earnings MissQ3 2026 · Pre-market
Did WhiteFiber, Inc. (WYFI) beat earnings today?
No, WhiteFiber, Inc. (WYFI) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-559.46% surprise
-$2.44Actual
Expected: -$0.37
vs. year ago -419.1%
Total Revenue-20.45% surprise
$24.02MActual
Expected: $30.19M
vs. year ago +19.0%
Released Nov 10 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $24.02M | $20.18M | +19.0 |
| Revenue detail — reported lines | |||
| └─Cloud services | $18.11M | $18.03M | +0.4 |
| └─Colocation services | $5.62M | $1.69M | +232.0 |
| └─Other | $294.00K | $455.00K | -35.4 |
| Net loss | ($101.44M) | ($15.75M) | - |
| GAAP Basic EPS | -$2.44 | -$0.47 | - |
| GAAP Diluted EPS | -$2.44 | -$0.47 | - |
Business Highlights
- ➤Brought all 40 MW of contracted NC-1 IT capacity online.
- ➤Issued NC-1 commencement notice and began billing full contracted capacity.
- ➤Completed acquisition of NC-2 and NC-3 in Yadkin County, North Carolina.
- ➤NC-2 and NC-3 offer a combined minimum 60 MW of initial gross utility capacity.
- ➤Initial NC-2 and NC-3 ready-for-service capacity is targeted for late 2027.
- ➤Signed new Cloud Services agreements across five customers since the August earnings call.
- ➤Expanded cloud presence into Sydney and Dublin.
- ➤Commercially launched WhiteFiber Continuum cross-data-center networking solution.
- ➤Entered a secured credit facility for the NC-1 data center.
- ➤Completed convertible notes offering and exchanged a portion of 2031 convertible notes.
Management Commentary
Sam Tabar, Chief Executive Officer
“NC-1 is now fully operational across all 40 MW of contracted IT capacity, and we have entered into a $300 million secured financing facility for the project. These milestones strengthen our foundation for growth. We have issued the commencement notice for the remaining capacity, and we have begun billing for the full contracted capacity. Our team worked through significant equipment and commissioning challenges to deliver complex AI infrastructure in less than a year. That experience has strengthened our operating capabilities and sharpened our approach to future developments.”
Sam Tabar, Chief Executive Officer
“Since our last earnings call, we have signed more than $700 million of new cloud services contract value, including our first capital-light managed services agreements. These contracts support a substantial revenue ramp into 2027. Managed services adds recurring revenue without requiring WhiteFiber to fund the underlying hardware or data center capacity. Customer interest in our next North Carolina developments is also broader and stronger than at the comparable stage of NC-1, including interest from investment-grade counterparties and large enterprises.”
Sam Tabar, Chief Executive Officer
“Our third-quarter results reflect the delayed NC-1 ramp, while much of our newly contracted cloud business is preparing to enter service. Our focus now is converting those contracts into recurring revenue and cash flow. The NC-1 project financing provides a path to recycle invested capital into our next projects. We will grow selectively, aligning customer commitments, attractive returns and financing while preserving flexibility over the pace of investment.”