$WYFI Reports Q3 FY2026 Revenue of $24 Million, Missing Estimates by 18%

WhiteFiber ($WYFI) reported Q3 FY2026 revenue of $24.0 million, up 19% year over year but below the $29.2 million analyst estimate. GAAP EPS came in at -$2.44 versus expectations of -$0.36, including an $80.8 million induced conversion expense.
Additional Financial Metrics:
- Gross Margin: 56.9%, excluding D&A
- Operating Loss: $12.4 million, compared with $14.5 million a year ago
- Operating Margin: -51.6%
- Net Loss: $101.4 million, versus $15.8 million a year ago
- Adjusted EBITDA: -$24,000, versus $2.3 million a year ago
- Deferred Revenue: $306.0 million
- Remaining Performance Obligations: $729.0 million
Segment Revenue:
- Cloud Services: $18.1 million (+0.4% YoY), including approximately $3.4 million in termination fees
- Colocation: $5.6 million (+232% YoY)
- Other: $294,000 (-35% YoY)
Guidance:
WhiteFiber targets approximately $365 million in annualized cloud revenue by mid-2027.