Filing Flows › WhiteFiber (WYFI) › Q3 2025
WhiteFiber (WYFI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
WhiteFiber (WYFI) reported revenue of $20.2M for the third quarter 2025 (Q3 2025), +64% from a year earlier and +8% from the quarter before. Operating margin was -71.9%, net loss $15.8M (78.1% of revenue).
WhiteFiber, Q3 2025: revenue $20.2M (+64% year over year), operating margin -71.9%, net loss $15.8M, operating cash flow −$16.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.2M | +8% | +64% |
| Operating profit | −$14.5M | — | — |
| Net earnings | −$15.8M | — | — |
| Operating cash flow | −$16.9M | — | — |
What changed
Revenue was $20.2M in Q3 2025, up 64% year over year and up 8% from the previous quarter. Cloud services was the largest line at 89% of revenue. Cloud services added $5.9M year over year (up 48%), 74% of the total change.
Gross margin was 63.1%, up 8.6 points from a year earlier. Operating costs exceeded revenue by $14.5M, an operating margin of -71.9%. Operating expenses grew 261% against revenue growth of 64%. The fastest-growing cost line was General & admin (+538%). The quarter ended with a net loss of $15.8M, wider than the previous quarter's $8.8M loss.
Operating cash flow was −$16.9M. Non-cash charges added back $6.4M of depreciation and amortization. Working capital and other items used $7.5M. Capital expenditures of $15.5M exceeded it, leaving free cash flow of −$32.5M.
Questions
What was WhiteFiber's revenue in the third quarter 2025?
WhiteFiber (WYFI) reported revenue of $20.2M for the third quarter 2025 (Q3 2025), +64% from a year earlier and +8% from the quarter before.
Was WhiteFiber profitable in the third quarter 2025?
Operating loss was $14.5M (-71.9% of revenue) and net loss $15.8M.
Source: WhiteFiber 10-Q on SEC EDGAR.