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WhiteFiber revenue rises 54% to $28.8 million
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WhiteFiber revenue rises 54% to $28.8 million

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  • WhiteFiber reported Q2 2026 revenue of $28.8 million, up 54% year-over-year, driven by Cloud Services and Colocation growth.
  • Adjusted EBITDA increased 69% to $5.5 million, while net loss widened to $15 million due partly to a $5 million software impairment.
  • WhiteFiber began customer deployment at its NC-1 data center and reported $932.9 million in colocation remaining performance obligations.

WhiteFiber (NASDAQ:WYFI) reported second-quarter 2026 revenue of $28.8 million, up 54% year-over-year, supported by Cloud Services revenue of $23.8 million and Colocation revenue of $4.7 million.

The company’s revenue growth compared with the prior year was driven by higher cloud activity and colocation demand, while results included approximately $12.3 million from a previously disclosed customer termination.

WhiteFiber reported gross profit excluding depreciation and amortization of $17.1 million, representing a 59.4% margin, while operating loss was $9.3 million and net loss was $15 million, or $0.39 per diluted share.

Adjusted EBITDA increased 69% to $5.5 million, while the company recorded a $5 million impairment of capitalized software during the quarter.

WhiteFiber moved its NC-1 data center in North Carolina into active customer deployment, with initial billing started and full contracted run-rate on 40 MW expected later in August.

The company reported approximately $932.9 million in colocation remaining performance obligations and more than $540 million in new multi-year Cloud Services contracts, including GPU deployments involving NVIDIA systems in Paris, Canada and Iceland.

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