WhiteFiber, Inc. Achieves Remarkable Growth in 2025 Financial Results

WhiteFiber, Inc. Reports Impressive Financial Growth for 2025

WhiteFiber, Inc. (Nasdaq: WYFI), renowned for its cutting-edge AI infrastructure and high-performance computing solutions, shared its impressive financial results for the fourth quarter and the complete fiscal year ending December 31, 2025.

Sam Tabar, the Chief Executive Officer, characterized the year as transformative, noting that WhiteFiber successfully completed its initial public offering and expanded its infrastructure platform significantly. The new AI capacities were launched to meet the surging demand for advanced computing solutions, showcasing the company’s commitment to innovation and growth.

In the fourth quarter, WhiteFiber celebrated the operational launch of its MTL-3 data center facility, which began generating revenue through a colocation agreement with Cerebras. Additionally, the company secured a long-term agreement with Nscale Global Holdings, marking a significant milestone as the anchor tenant for its NC-1 campus in North Carolina. This contract is projected to deliver approximately $865 million in revenue over the first ten years and highlights the strategic positioning of WhiteFiber in the high-demand colocation market.

Revenue Highlights and Growth

During the fourth quarter of 2025, WhiteFiber recorded total revenue of $23.6 million, representing a substantial 61% increase from $14.6 million in the fourth quarter of 2024. The cloud services revenue soared to $19.3 million, up 48% year-over-year. The colocation services also showed significant growth, climbing to $3.9 million compared to $1.4 million in the same period last year, indicating the positive response to the new facilities and services offered by WhiteFiber.

The gross profit for the company, excluding depreciation and amortization, reached approximately $14.3 million, marking a gross margin increase to around 61% compared to approximately 52% in the previous year. The adjusted EBITDA stood at $5.8 million, slightly higher than the previous year's $5.5 million, showcasing steady operational efficiency even during a loss period of $1.5 million, compared to the net loss of $1 million recorded in the prior-year period.

Fiscal Year Overview

The entire fiscal year 2025 was marked by significant achievements for WhiteFiber, including the completion of its initial public offering in August, which raised about $183 million in gross proceeds. The growth trajectory of the AI infrastructure platform continued with an adjusted EBITDA of $17.3 million, reflecting the robust demand and scaling of business operations. The company’s total capital expenditures for the year amounted to approximately $268 million, primarily directed toward the development of new AI-centric data center capacity.

The strategic acquisition of the NC-1 development site and lease arrangements for the MTL-3 data center have further enhanced WhiteFiber’s infrastructure availability, paving the way for new revenue streams.

Financial Position and Future Outlook

As of December 31, 2025, WhiteFiber proudly reported cash and cash equivalents totaling $114.4 million, alongside restricted cash of $3.9 million, with no funded debt. The company also retains access to an undrawn credit facility with RBC, offering flexibility for future initiatives.
In a significant move to bolster its growth trajectory, WhiteFiber completed a private placement of $230 million in convertible senior notes, which is anticipated to substantially fund further data center expansions and enhance infrastructure investments.

With a solidified balance sheet and progressive growth strategies, WhiteFiber is poised to leverage the burgeoning AI infrastructure market effectively. As demand continues to outpace supply, strategic developments and partnerships within the sector position WhiteFiber uniquely to capitalize on future opportunities, advancing its prominence as a leader in AI infrastructure solutions.

In a world demand-driven by advanced technology, 2025 marks a crucial turning point for WhiteFiber as it embarks on its journey towards becoming a dominant player in the AI infrastructure space.

For further information, WhiteFiber will conduct a conference call at 900 a.m. Eastern Time on March 26, 2026, to discuss its results and future plans. This call will also be accessible through a live webcast via WhiteFiber’s investor relations page.