WhiteFiber, Inc.
WYFI · Finance Services · 38.6M shares · EDGAR filings ↗
Grade
D52WhiteFiber — AI/HPC GPU-cloud and data-center firm (Bitdeer spinoff), heavy capex losses.
Strengths
- Strong operating cash margin (94th pct); gross margin (58th); cash (65th)
- AI-cloud and data-center buildout optionality
Risks
- Operating loss; large negative free cash flow (capex); ~2.1q runway
- Customer-concentration and capital-intensity risk
Notable findings
- Restatementiv CERTAIN DEFINITIONS In this Annual Report, except where the context otherwise requires, the following terms have the following meanings: “A&R M&A” refers to the Amended and Restated Memoran 8-K ↗
- Net lossNet loss (net margin -31.2%)
- Cash burnNegative free cash flow (-222.7M)
- China exposureexport controls and sanctions laws, customs regulations, and local trade rules around the world
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
60.2%
Operating margin
-33.9%
Net margin
-31.2%
Return on equity
-5.1%
Return on assets
-3.8%
Revenue growth (QoQ)
-7.0%
Current ratio
2.0×
Free cash flow
-$223M
EBITDA
-$3M
Tangible book value
$449M
Cash & investments
$114M
Cash runway
2q
Stock comp / revenue
21.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-07 | Sanfilippo Thomas | Tax withheld | 955 | $21.00 |
| 2026-04-28 | Krassakopoulos Billy | Tax withheld | 8.5K | — |
| 2026-03-19 | Huang Erke | Option exercise | 66K | — |
| 2026-03-19 | Tabar Samir | Option exercise | 33K | — |
| 2026-03-16 | Krassakopoulos Billy | Option exercise | 16K | — |
| 2026-02-10 | Sanfilippo Thomas | Tax withheld | 1.5K | $19.31 |
| 2026-02-04 | Sanfilippo Thomas | Option exercise | 4.4K | — |
| 2026-02-04 | Sanfilippo Thomas | Option exercise | 4 | — |
| 2026-01-13 | Krassakopoulos Billy | Option exercise | 327 | — |
| 2025-11-17 | Krassakopoulos Billy | Option exercise | 2.7K | — |
| 2025-10-15 | Shih Ichi | Option exercise | 7.1K | — |
| 2025-10-15 | Huang Erke | Option exercise | 88K | — |
| 2025-10-15 | Tabar Samir | Option exercise | 88K | — |
| 2025-08-08 | Tabar Samir | Grant | 59K | $17.00 |
| 2025-08-08 | Andre David | Grant | 588 | $17.00 |
| 2025-08-08 | Krassakopoulos Billy | Grant | 8.8K | $17.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-10 | Reg FDExhibits | filing ↗ |
| 2026-05-27 | Material agreementDebt obligationReg FDExhibits | filing ↗ |
| 2026-05-21 | Reg FDExhibits | filing ↗ |
| 2026-01-26 | Material agreementDebt obligation3.02OtherExhibits | filing ↗ |
| 2026-01-26 | Reg FDExhibits | filing ↗ |
| 2026-01-21 | Results | filing ↗ |
| 2025-12-18 | Material agreementReg FDExhibits | filing ↗ |
| 2025-11-13 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-10 | 0001213900-26-067329 ↗ |
| 8-K | 2026-05-27 | 2026-05-20 | 0001213900-26-061575 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001213900-26-060135 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001213900-26-056212 ↗ |
| 10-K | 2026-03-26 | 2025-12-31 | 0001213900-26-034341 ↗ |
| 8-K | 2026-01-26 | 2026-01-21 | 0001213900-26-007740 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0001213900-26-007474 ↗ |
| 8-K | 2026-01-21 | 2026-01-21 | 0001213900-26-006189 ↗ |
| 8-K | 2025-12-18 | 2025-12-15 | 0001213900-25-123321 ↗ |
| 8-K | 2025-11-13 | 2025-11-13 | 0001213900-25-110125 ↗ |
| 10-Q | 2025-11-13 | 2025-09-30 | 0001213900-25-109964 ↗ |
| 10-Q | 2025-09-17 | 2025-06-30 | 0001213900-25-088547 ↗ |