Filing Flows › WhiteFiber (WYFI) › Q1 2026 › vs Q4 2025
WhiteFiber (WYFI) Q1 2026 vs Q4 2025 (quarter over quarter)
WhiteFiber's revenue fell $1.6M (-7%) from $23.6M in Q4 2025 to $21.9M in Q1 2026. The biggest changes: Cloud services −$2.5M (-13%); Colocation services +$919K (+24%); Other −$40K (-10%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Cloud services | $16.8M | $19.3M | −$2.5M | -13% |
| Colocation services | $4.8M | $3.9M | $919K | +24% |
| Other | $383K | $424K | −$40K | -10% |
| Revenue | $21.9M | $23.6M | −$1.6M | -7% |
| Net loss | $12.0M | $1.5M | $10.5M | +691% |
| Costs & expenses | $34.0M | $28.8M | $5.3M | +18% |
| Operating costs | $32.9M | $28.8M | $4.2M | +15% |
| Income tax | $1.1M | −$2.2M | $3.3M | — |
| Cost of revenue | $9.1M | $9.7M | −$538K | -6% |
| General & admin | $17.8M | $11.4M | $6.3M | +55% |
| Other operating costs | $6.1M | $7.7M | −$1.6M | -21% |
| Operating cash sources | $15.3M | $70.9M | −$55.7M | -78% |
| Depreciation & amortization | $6.6M | $8.1M | −$1.5M | -18% |
| Share-based compensation | $7.3M | $8.1M | −$778K | -10% |
| Working capital & other | $1.3M | $54.7M | −$53.4M | -98% |
| Net loss absorbed | $12.0M | $1.5M | $10.5M | +691% |
| Operating cash flow | $3.2M | $69.4M | −$66.2M | -95% |
| Capital expenditures | $169M | $122M | $47.3M | +39% |
| Negative free cash flow (OCF − capex) | $166M | $52.5M | $113M | +216% |
Questions
How much did WhiteFiber's revenue grow quarter over quarter in Q1 2026?
WhiteFiber's revenue fell $1.6M (-7%) from $23.6M in Q4 2025 to $21.9M in Q1 2026.
What drove WhiteFiber's revenue change in Q1 2026?
Cloud services −$2.5M (-13%); Colocation services +$919K (+24%); Other −$40K (-10%).