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WhiteFiber, Inc. Third Quarter 2026 Results Overview

Date: November 10, 2026
Location: New York

WhiteFiber, Inc. (Nasdaq: WYFI), a prominent leader in AI infrastructure and high-performance computing solutions, recently released its financial performance report for the third quarter ending September 30, 2026. This report reveals a promising increase in total revenue, showcasing the resilience and growth of the company amid various market challenges.

Financial Performance

According to CEO Sam Tabar, WhiteFiber is progressing impressively across its operational landscape. The highlight of this report is the strong performance metrics, including a total revenue of $24.0 million, which marks a 19% increase compared to $20.2 million in the same quarter of 2025. The cloud services segment garnered $18.1 million, reflecting a slight growth compared to previous results. Remarkably, the colocation services revenue skyrocketed by 232%, reaching $5.6 million—a significant jump from $1.7 million last year.

This expansion in colocation services is attributed to the success of the MTL-3 data center and the operational commencement at NC-1, which began generating revenue in late September.

Operational Advancements

The operational landscape has been equally vibrant, with the NC-1 project now fully operational, supporting 40 MW of contracted IT capacity. Additionally, the company successfully secured a $300 million financing facility to boost this project, ensuring a stable foundation for future growth. The completion notice has been issued for the remaining capacity at NC-1, allowing for full billing to commence.

Despite facing equipment and commissioning challenges, WhiteFiber managed to deliver sophisticated AI infrastructure within a year, a feat indicative of enhanced operational capabilities. The firm has successfully signed contracts amounting to more than $700 million in new cloud services since the previous earnings call, which is crucial for expected revenue growth in 2027.

Focus on Recurring Revenue

As the company looks forward, the emphasis is now on converting these contracts into recurring revenue streams and cash flow. The NC-1 financing is anticipated to provide a pivotal pathway to recycle capital into future projects, reinforcing the commitment to strategic, selective growth while optimizing customer interactions.

In the backdrop of these operational achievements, WhiteFiber launched WhiteFiber Continuum, an innovative networking solution designed to interlink geographically separated facilities into a unified logical GPU supercluster. This solution not only empowers customers but also ensures operational resilience and compliance with data sovereignty.

Challenges and Strategic Movements

While the third-quarter results showcase growth, the company did face a reported operating loss of $12.4 million, an improvement from a loss of $14.5 million during the same period last year. The net loss for the quarter stood at $101.4 million or $2.44 per diluted share, compared to $15.8 million last year, impacted significantly by an $80.8 million expense related to the settlement of a part of the Company's convertible notes.

Despite these challenges, WhiteFiber managed to raise $310 million through the issuance of convertible senior notes, positioning the company more favorably in the capital market. The deferred revenue, primarily made up of customer prepayments, has surged to $306.0 million, a remarkable increase from $79.6 million reported at the end of the previous fiscal year.

Conclusion

In summary, WhiteFiber’s third-quarter results indicate robust growth and a solid trajectory for the future. With strategic advancements in project financing, customer contracts, and a focus on recurring revenue streams, the outlook for WhiteFiber remains positive. The upcoming earnings conference call scheduled for 9:00 AM ET on November 10, 2026, is expected to provide further insights into the company’s operations and strategic direction.

For more information and updates, visit WhiteFiber's Investor Relations.