Q1 2026 WhiteFiber Inc Earnings Call Transcript

May 14, 2026 / 01:00 PM GMT

Release Date Price: $29.99 (+10.95%)

Transcript 10-Q

Key Points

Positve

Whitefiber Inc (WYFI) reported a 31% year-over-year increase in revenue for Q1 2026, reaching $21.9 million.
The company successfully converted an existing industrial facility into a Tier 3 data center in Montreal within six months, showcasing their efficient retrofit-first strategy.
Whitefiber Inc (WYFI) has a strong pipeline with more customer interest than they can currently serve, indicating high demand for their services.
The company completed a $230 million private placement of convertible senior notes, enhancing their financial flexibility.
Whitefiber Inc (WYFI) is seeing positive outcomes from their strategic pivot in the cloud business, with a stronger strategic position and improved customer mix.

Negative

The company reported a net loss of $12 million for Q1 2026, compared to a net income of $1.4 million in the same quarter last year.
General and administrative expenses increased significantly to $17.8 million, primarily due to share-based compensation and higher headcounts.
Cloud revenue was lower than the previous quarter, as the company continues to reposition capacity toward longer-duration enterprise deployments.
Supply chain issues, particularly with medium-voltage switchgear components, may cause slight delays in project timelines.
Operating loss for the quarter was $11 million, a significant decline from an operating income of $2 million in Q1 2025.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WYFI.OQ - WhiteFiber Inc
Q1 2026 WhiteFiber Inc Earnings Call
May 14, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Please stand by, your conference is about to begin.

Hello, and welcome to the White Fiber First Quarter 2026 Earnings Conference Call. Good morning, and thank you for joining us.

We will begin with prepared remarks from management, followed by a question-and-answer session. During the Q&A, if you'd like to ask a question, please press *1 on your telephone keypad.

As a reminder, today's conference is being recorded.

I'd now like to turn the call over to your host, Cameron Schneer, Vice President of Capital Markets and Corporate Strategy at White Fiber. Cameron, please go ahead.

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Unidentified_2 [2]
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