WhiteFiber, Inc. (NASDAQ:WYFI) shares plummeted on Thursday after the company reported fourth-quarter (Q4) and full-year 2025 results.
The New York-based company reported a Q4 GAAP loss per share of 67 cents, wider than the 18-cent loss estimate, while revenue of $23.561 million came in below the $23.791 million estimate.
Total revenue rose 61% year over year to $23.6 million, while net loss widened to $1.5 million from $1.0 million. Adjusted EBITDA increased to $5.8 million from $5.5 million.
Cloud And Colocation Growth Drive Revenue
Cloud services revenue grew 48% to $19.3 million, reflecting continued demand for AI compute infrastructure. Colocation services revenue rose to $3.9 million from $1.4 million.
Growth was driven by the ramp of the MTL-3 data center and initial contribution from the Cerebras agreement.
Gross profit, excluding depreciation and amortization, was approximately $14.3 million, with a gross margin of approximately 61%, up from …