WhiteFiber, Inc. (WYFI) Earnings Call Transcripts

WhiteFiber, Inc.'s Latest Earnings Call - Q4 FY2025

WhiteFiber, Inc. reported its Q4 2025 earnings, marking a pivotal year with significant operational developments. The company reported revenue of $23.6 million, up from $20.2 million in the previous quarter, driven by the Montreal-3 data center coming online and a new colocation contract. Adjusted EBITDA for the quarter was $5.8 million, representing a 25% margin. Management provided guidance indicating a decline in cloud revenue for the first half of 2026, with expectations of a ramp-up in the second half as new enterprise deployments come online. The company also highlighted a major contract with Nscale for NC-1, expected to generate approximately $865 million over 10 years.

Reported metrics

Guidance from management

Management expects cloud revenue to decline in the first half of 2026, with a ramp-up in the second half as enterprise deployments come online. They anticipate $16 million to $17 million in Q1 2026 revenue, with April as the low point.

What management said

Yes. Darren, just to clarify the first question, are you referring to the additional tranche of power available between -- on NC-1 in connection to Duke Energy? Is that what you're referring to?

Sure. Hi, Darren. So, at NC-1, we've got a commitment to serve from Duke Energy that guarantees us that power. And we're just going through the process with them on the delivery and what milestones need to happen on their side, equipment delivery, planning of their schedule for the upgrade of our substation, which is on our property. So just going through the steps with them on getting that additional power that they...

What analysts pressed on

Analysts expressed concerns about the timing and execution of additional power capacity at NC-1 and the implications of customer transitions in the cloud segment. Questions focused on the impact of customer changes and the company's ability to replace lost business.

Main topics on the call

• Montreal-3 Data Center — Montreal-3 was brought online in Q4, supporting Cerebras, a leading AI infrastructure company. The retrofit strategy allowed for a rapid six-month conversion of an industrial factory into a data center, reducing developm...
• NC-1 Contract with Nscale — WhiteFiber signed a 40-megawatt IT load agreement with Nscale, representing $865 million in contracted revenue over 10 years. The project is progressing well, with a May 31 RFS date set after customer-driven design modif...
• Cloud Segment Repositioning — The company is shifting focus from commodity bare metal leasing to enterprise deployments and managed infrastructure services. This involves longer-term contracts and higher-quality counterparties, with cloud revenue exp...
• Financing and Capital Structure — WhiteFiber completed a $230 million convertible note offering and is working on securing debt financing for NC-1. The presence of an investment-grade end customer is expected to improve financing terms.

Read the full WhiteFiber, Inc. transcript (Q4 FY2025) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 3 WhiteFiber, Inc. earnings call transcripts on record, spanning November 13, 2025 to May 14, 2026. Based on this history, WhiteFiber, Inc. reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

WYFI

Exchange

NasdaqCM

Country

US

Sector

Information Technology

Industry

IT Services

Calls on record

3

First call

November 13, 2025

Most recent

May 14, 2026

Reporting cadence

quarterly