WhiteFiber, Inc. (WYFI) AI Stock Analysis

• Market Cap: $744.92M
• Dividend Yield: N/A
• Average Volume (3M): 1.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 5.17
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 39
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -0.47
• Shares Outstanding: 38,259,990
• 10 Day Avg. Volume: 985,534
• 30 Day Avg. Volume: 1,059,460
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 18.13
• Enterprise Value/Gross Profit: 58.71
• Enterprise Value/Ebitda: 122.09
• 1Y Price Target: $36.00
• Price Target Upside: 84.90% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): -0.1
• Revenue Forecast (FY): $173.79M

• Rating: 55 Neutral
• Price Target: $21.50 ▲(10.43% Upside)

The score is driven primarily by mixed financial performance—fast scaling and low leverage offset by very weak free cash flow. Technicals are mildly constructive but not strongly bullish, valuation signals are limited by the negative P/E and no dividend, and a major contracted-revenue data center win provides a meaningful positive catalyst.

Positive Factors

Anchor 10-year 40MW AI data-center contract

A 10-year master services agreement providing ~40MW and ~$865M contracted revenue materially increases long-term revenue visibility, validates the retrofit hyperscaler-focused design, and materially de-risks future financing and campus expansion plans.

Conservative leverage and balance-sheet capacity

Low reported debt relative to equity indicates manageable leverage and financial flexibility. This balance-sheet capacity supports continued capital-intensive buildouts, absorbs negative free cash flow cycles, and improves access to debt or structured financing over the medium term.

Rapid revenue scale-up with strong EBITDA

A sharp step-up to ~$47.6M revenue and robust EBITDA demonstrates traction and operating leverage at scale. Sustainable EBITDA generation is a durable indicator the business model can convert growth into operating cash before capex, supporting future reinvestment and margin improvement.

Negative Factors

Deeply negative free cash flow

F‑CF of roughly -$60.6M reflects heavy capex and/or working-capital needs tied to buildouts. Persistent negative FCF increases dependence on external financing, risks dilution or higher-cost debt, and can constrain growth if projects or financing timelines slip over the medium term.

Mixed, volatile profitability and earnings quality

Disparity between strong EBITDA/gross profit and minimal net income implies non-operating charges, stock-based comp, or ramp costs are weighing returns. Volatile margins and uneven bottom-line conversion make sustained shareholder returns and predictable cash generation uncertain.

NC-1 execution and financing risk despite anchor tenant

Significant equity already deployed and the need for additional construction and growth financing make NC-1 outcomes contingent on timely funding and flawless execution. Cost overruns, delays, or financing gaps could erode contracted-revenue benefits and strain liquidity.

WhiteFiber, Inc. Business Overview & Revenue Model

Company Description

WhiteFiber, Inc. provides AI-focused infrastructure solutions through the development and operation of GPU-optimized data centers and cloud platforms. The company offers colocation, hosting, and GPU-as-a-service, supporting compute, storage, and networking needs for AI and machine learning workloads. WhiteFiber operates on a vertically integrated model and was spun off from Bit Digital, Inc. before going public in August 2025. It is headquartered in the United States.

How the Company Makes Money

WhiteFiber, Inc. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023
Income Statement
Total Revenue	50.52M	47.64M	0.00
Gross Profit	15.60M	10.91M	0.00
EBITDA	7.50M	18.76M	-1.22M
Net Income	-8.57M	1.37M	-1.23M
Balance Sheet
Total Assets	555.07M	229.13M	78.93M
Cash, Cash Equivalents and Short-Term Investments	166.49M	11.67M	652.57K
Total Debt	41.36M	13.38M	6.22M
Total Liabilities	74.02M	59.41M	29.28M
Stockholders Equity	481.05M	169.73M	49.65M
Cash Flow
Free Cash Flow	-244.61M	-60.59M	-364.15K
Operating Cash Flow	-25.28M	18.44M	35.78K
Investing Cash Flow	-218.40M	-80.03M	-399.93K
Financing Cash Flow	386.88M	76.44M	368.89K

WhiteFiber, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
WYY	59 Neutral	$71.02M	-30.45	-17.37%	―	9.62%	26.59%
CSPI	57 Neutral	$114.80M	-793.84	-0.27%	0.95%	6.36%	73.88%
DTST	56 Neutral	$33.52M	-29.16	-0.97%	―	-20.20%	-799.54%
WYFI	55 Neutral	$744.92M	-85.77	-384.69%	―	―	―
TLS	53 Neutral	$417.45M	-13.93	-23.73%	―	17.44%	41.97%

WhiteFiber, Inc. Corporate Events

WhiteFiber Secures Landmark 40MW AI Data Center Deal

On November 22, 2025, WhiteFiber subsidiary Enovum NC-1 Bidco, LLC signed a 10-year master services agreement with Nscale Global Holdings to deliver 40 megawatts of critical IT load at WhiteFiber’s flagship NC-1 AI data center campus in Madison, North Carolina, in two 20 MW phases. The deal, announced publicly on December 16 and detailed in a December 18, 2025 release, grants Nscale exclusive use of designated colocation space in a Tier 3-equivalent, ultra-high-density facility designed to support up to 150 kW per cabinet with N+1 cooling and a targeted PUE of 1.3 or better; it is structured as a modified-gross colocation lease and is expected to generate about $865 million in contracted revenue over the initial term, with billing for the first 20 MW targeted to begin April 30, 2026 and the second 20 MW on May 30, 2026. WhiteFiber has already invested roughly $150 million of equity into NC-1, secured a 99 MW power capacity agreement with Duke Energy and is in advanced talks with lenders on a construction and growth financing facility, positioning the Nscale contract as an anchor-tenant win that de-risks debt funding, validates the company’s retrofit-based, hyperscaler-focused design strategy and lays the groundwork for potential campus expansion and additional U.S. development sites from late 2026 onward.

The most recent analyst rating on (WYFI) stock is a Buy with a $32.00 price target. To see the full list of analyst forecasts on WhiteFiber, Inc. stock, see the WYFI Stock Forecast page.

WhiteFiber Reports Q3 Revenue Surge Despite Net Loss

WhiteFiber, Inc. reported a significant increase in total revenue for the third quarter of 2025, reaching $20.2 million, a 65% rise from the previous year. Despite this growth, the company experienced a net loss of $15.8 million due to non-cash stock-based compensation and increased public-company expenses post-IPO. The company is winding down a customer arrangement worth approximately $21 million annually, which may impact future revenue. WhiteFiber completed its IPO in August 2025, raising $183 million, and is progressing with its North Carolina-1 campus development, aiming for early 2026 delivery. The company is also expanding its data-center pipeline to meet strong demand for high-density capacity.

The most recent analyst rating on (WYFI) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on WhiteFiber, Inc. stock, see the WYFI Stock Forecast page.