WhiteFiber, Inc. WYFI
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $77.7M | $47.1M | — |
| Gross profit | $47.6M | $26.9M | — |
| SG&A | $52.5M | $10.3M | — |
| Total operating expenses | $106.0M | $47.0M | — |
| Operating income | -$26.8M | $628.4K | — |
| Pre-tax income | -$25.8M | $2.2M | — |
| Income tax | $1.1M | $874.2K | — |
| Net income | -$24.7M | $1.4M | — |
| EPS, basic | -0.78 | 0.05 | — |
| EPS, diluted | -0.78 | 0.05 | — |
| Shares, diluted (wtd. avg.) | $31.6M | $27.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $114.4M | $11.7M | $652.6K |
| Receivables | $23.9M | $5.3M | — |
| Total current assets | $167.7M | $46.5M | — |
| Property, plant and equipment | $336.6M | $89.2M | — |
| Goodwill | $20.1M | $19.4M | — |
| Other intangibles | $12.8M | $13.0M | — |
| Total assets | $651.4M | $229.1M | — |
| Accounts payable | $8.1M | $2.3M | — |
| Short-term debt | $20.0M | — | — |
| Total current liabilities | $82.5M | $45.8M | — |
| Total liabilities | $168.9M | $59.4M | — |
| Retained earnings | -$24.5M | $143.9K | — |
| Total equity | $482.5M | $169.7M | $49.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | $45.7M | $18.7M | — |
| Depreciation and amortisation | $23.4M | $16.5M | — |
| Stock-based compensation | $16.9M | — | — |
| Capital expenditure | $268.4M | $79.0M | — |
| Investing cash flow | -$267.3M | -$80.0M | — |
| Financing cash flow | $323.8M | $76.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-034341.
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