Filing Flows › WhiteFiber (WYFI) › Q1 2026
WhiteFiber (WYFI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
WhiteFiber (WYFI) reported revenue of $21.9M for the first quarter 2026 (Q1 2026), +31% from a year earlier and -7% from the quarter before. Operating margin was -50.3%, net loss $12.0M (54.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.9M | -7% | +31% |
| Operating profit | −$11.0M | — | — |
| Net earnings | −$12.0M | — | — |
| Operating cash flow | $3.2M | -95% | — |
What changed
Revenue was $21.9M in Q1 2026, up 31% year over year and down 7% from the previous quarter. Cloud services was the largest line at 76% of revenue. Colocation services added $3.1M year over year (up 190%), 61% of the total change.
Gross margin was 58.4%, down 0.2 points from a year earlier. Operating costs exceeded revenue by $11.0M, an operating margin of -50.3%. Operating expenses grew 206% against revenue growth of 31%. The fastest-growing cost line was General & admin (+319%). The quarter ended with a net loss of $12.0M, wider than the previous quarter's $1.5M loss.
Operating cash flow was $3.2M. Non-cash charges added back $6.6M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $169.2M exceeded it, leaving free cash flow of −$165.9M.
Questions
What was WhiteFiber's revenue in the first quarter 2026?
WhiteFiber (WYFI) reported revenue of $21.9M for the first quarter 2026 (Q1 2026), +31% from a year earlier and -7% from the quarter before.
Was WhiteFiber profitable in the first quarter 2026?
Operating loss was $11.0M (-50.3% of revenue) and net loss $12.0M.
Source: WhiteFiber 10-Q on SEC EDGAR.