WhiteFiber Stock Falls After Q4 Earnings Miss And Wider Loss

WhiteFiber, Inc. (NASDAQ:WYFI) shares plummeted on Thursday after the company reported fourth-quarter (Q4) and full-year 2025 results. The New York-based company reported a Q4 GAAP loss per share of 67 cents, wider than the 18-cent loss estimate, while revenue of $23.561 million came in below the $23.791 million estimate. Total revenue rose 61% year over year to $23.6 million, while net loss widened to $1.5 million from $1.0 million. Adjusted EBITDA increased to $5.8 million from $5.5 million. Cloud And Colocation Growth Drive Revenue Cloud services revenue grew 48% to $19.3 million, reflecting continued demand for AI compute infrastructure. Colocation services revenue rose to $3.9 million from $1.4 million. Growth was driven by the ramp of the MTL-3 data center and initial contribution from the Cerebras agreement. Gross profit, excluding depreciation and amortization, was approximately $14.3 million, with a gross margin of approximately 61%, up from approximately 52%. During the quarter, the company executed a long-term colocation agreement with Nscale Global Holdings for 40 MW at its NC-1 campus. The agreement represents expected contracted revenue of $865 million over the initial 10-year term. The MTL-3 facility became operational and began generating revenue. Full-Year Results And Balance Sheet Strength For fiscal 2025, total revenue increased to $79.2 million from $47.6 million, while net loss was $24.7 million compared to net income of $1.4 million in the prior year. Adjusted EBITDA was $17.3 million, compared to $21.9 million, and capital expenditures totaled approximately $268 million. The company ended the year with $114.4 million in cash and cash equivalents and $3.9 million in restricted cash, with no funded debt and access to an undrawn credit facility. “We completed our initial public offering, expanded our infrastructure platform, and began bringing new AI capacity online to support the rapidly growing demand for high-performance compute,” CEO Sam Tabar said. Technical Analysis The RSI is at 42.83, which is neutral territory, while the MACD is at -0.9132, below its signal line at -0.8159, indicating bearish pressure on the stock. The combination of a neutral RSI and bearish MACD suggests mixed momentum for WhiteFiber. Key Resistance: $15.50 Key Support: $12.50 Analyst Consensus & Recent Actions The stock carries a Buy Rating with an average price target of $34.38. Recent analyst moves include: HC Wainwright & Co.: Buy (Maintains Target to $34.00) (Jan. 26) B. Riley Securities: Buy (Lowers Target to $40.00) (Dec. 24, 2025) HC Wainwright & Co.: Buy (Maintains Target to $34.00) (Dec. 22, 2025) WYFI Stock Price Activity: Whitefiber shares were down 14.70% at $12.53 during premarket trading on Thursday, according to Benzinga Pro data. Image: Shutterstock