Filing Flows › WhiteFiber (WYFI) › Q1 2026 › vs Q1 2025
WhiteFiber (WYFI) Q1 2026 vs Q1 2025 (year over year)
WhiteFiber's revenue rose $5.2M (+31%) from $16.8M in Q1 2025 to $21.9M in Q1 2026. The biggest changes: Colocation services +$3.1M (+190%); Cloud services +$1.9M (+13%); Other +$103K (+37%).
WhiteFiber, Q1 2026: revenue $21.9M (+31% year over year), operating margin -50.3%, net loss $12.0M, operating cash flow $3.2M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Cloud services | $16.8M | $14.8M | $1.9M | +13% |
| Colocation services | $4.8M | $1.6M | $3.1M | +190% |
| Other | $383K | $281K | $103K | +37% |
| Revenue | $21.9M | $16.8M | $5.2M | +31% |
| Net loss | $12.0M | −$1.4M | $13.5M | — |
| Costs & expenses | $34.0M | $16.8M | $17.3M | +103% |
| Operating costs | $32.9M | $14.7M | $18.2M | +124% |
| Income tax | $1.1M | $595K | $488K | +82% |
| Cost of revenue | $9.1M | $6.9M | $2.2M | +32% |
| General & admin | $17.8M | $4.2M | $13.5M | +319% |
| Other operating costs | $6.1M | $3.5M | $2.5M | +71% |
| Operating cash sources | $15.3M | −$4.4M | $19.6M | — |
| Depreciation & amortization | $6.6M | $4.0M | $2.6M | +65% |
| Share-based compensation | $7.3M | $0 | $7.3M | — |
| Working capital & other | $1.3M | −$8.4M | $9.7M | — |
| Net loss absorbed | $12.0M | −$1.4M | $13.5M | — |
| Operating cash flow | $3.2M | −$2.9M | $6.2M | — |
| Capital expenditures | $169M | $50.2M | $119M | +237% |
| Negative free cash flow (OCF − capex) | $166M | $53.1M | $113M | +213% |
Questions
How much did WhiteFiber's revenue grow year over year in Q1 2026?
WhiteFiber's revenue rose $5.2M (+31%) from $16.8M in Q1 2025 to $21.9M in Q1 2026.
What drove WhiteFiber's revenue change in Q1 2026?
Colocation services +$3.1M (+190%); Cloud services +$1.9M (+13%); Other +$103K (+37%).