#United States #New York #AI Infrastructure #HPC Solutions #WhiteFiber

WhiteFiber, Inc. Reports Third Quarter 2025 Results

On November 13, 2025, WhiteFiber, Inc. (Nasdaq: WYFI), a key player in AI infrastructure and HPC solutions, released its financial report for the third quarter ending September 30, 2025. The results showcased impressive growth in revenue despite a significant net loss, emphasizing the company's remarkable scaling strategy following its recent IPO.

Financial Highlights

In the third quarter of 2025, WhiteFiber achieved total revenue of $20.2 million, marking a substantial increase of 65% compared to $12.3 million in the same quarter of the previous year. This growth was propelled by the robust performance of cloud services, generating $18 million—a 48% increase year-over-year. Colocation services also contributed positively with $1.7 million in revenue.

WhiteFiber’s gross profit reached $12.7 million, indicating a 90% growth from $6.7 million in Q3 2024. This achievement underscores the company’s operational efficiency, as gross margins on cloud services were approximately 65% and 60% for colocation services. However, it's important to note that the company reported a net loss of $15.8 million, a substantial decline from a net loss of only $0.4 million in the prior year. This loss mainly reflects heightened operating costs due to non-cash stock-based compensations and increased expenses associated with becoming a public company after the IPO.

Adjusted EBITDA was reported at $2.3 million, down from $5.6 million a year ago, impacted by the rising costs related to expansion and public company operations. As of September 30, 2025, WhiteFiber's cash and cash equivalents stood at $166.5 million, ensuring liquidity for ongoing developments and strategic investments in GPU procurement.

Corporate Developments

In pivotal corporate developments, WhiteFiber completed its initial public offering on August 8, 2025, at a price of $17 per share, raising around $183 million in gross proceeds. This influx of capital is expected to support the company's aggressive expansion plans.

Additionally, WhiteFiber successfully completed the installation of its MTL-3 wafer-scale systems for Cerebras under a 5 MW IT-load contract. This project is now fully operational, generating revenue. Furthermore, preparation work for the NC-1 campus's initial 24-megawatt phase continues with timelines set for early 2026 delivery. Strong demand for high-density capacity persists, with WhiteFiber engaging in talks with credible counterparts to secure a long-term anchor agreement.

The company is also exploring a variety of potential data center locations to enhance capacity and respond to growing customer demands.

Management Insights

Sam Tabar, the CEO of WhiteFiber, commented on the quarter's results, highlighting a critical transition as the company shifts from launch mode to a scale-focused strategy post-IPO. He reiterated their commitment to disciplined execution and value creation across their colocation and cloud service platforms.

Tabar outlined the ongoing expansions and increasing demand for data services, underlying the urgency to address burgeoning customer requirements for the upcoming years.

He noted, “Our approach in the cloud space is not to chase short-term contracts but to establish a distinctive and reliable technological framework that ensures sustained growth. This enables us to capture lasting, high-quality growth as demand for AI infrastructure evolves.”

Conclusion

As WhiteFiber navigates through its growth trajectory, the company remains well-positioned to capitalize on the rising demand for AI infrastructure and cloud computing. While the road may be fraught with challenges such as fluctuating market conditions and operational adjustments, its strong liquidity, growth strategies, and market focus indicate promising potential for future success.