Filing Flows › WhiteFiber (WYFI) › Q2 2025
WhiteFiber (WYFI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Sep 17, 2025
WhiteFiber (WYFI) reported revenue of $18.7M for the second quarter 2025 (Q2 2025), +48% from a year earlier and +11% from the quarter before. Operating margin was -49.1%, net loss $8.8M (47.3% of revenue).
WhiteFiber, Q2 2025: revenue $18.7M (+48% year over year), operating margin -49.1%, net loss $8.8M, operating cash flow −$3.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.7M | +11% | +48% |
| Operating profit | −$9.2M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | −$3.9M | — | — |
What changed
Revenue was $18.7M in Q2 2025, up 48% year over year and up 11% from the previous quarter. Cloud Services was the largest line at 89% of revenue. Cloud Services added $4.1M year over year (up 33%), 67% of the total change.
Gross margin was 59.6%. Operating costs exceeded revenue by $9.2M, an operating margin of -49.1%. The fastest-growing cost line was General & admin (+1127%). The quarter ended with a net loss of $8.8M, after a profit of $1.4M the previous quarter.
Operating cash flow was −$3.9M. Non-cash charges added back $5.3M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $6.9M. Capital expenditures of $80.8M exceeded it, leaving free cash flow of −$84.7M.
Questions
What was WhiteFiber's revenue in the second quarter 2025?
WhiteFiber (WYFI) reported revenue of $18.7M for the second quarter 2025 (Q2 2025), +48% from a year earlier and +11% from the quarter before.
Was WhiteFiber profitable in the second quarter 2025?
Operating loss was $9.2M (-49.1% of revenue) and net loss $8.8M.
Source: WhiteFiber 10-Q on SEC EDGAR.