Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data WhiteFiber, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2025
FY2025
Revenue
47.6
79.2
Gross profit
26.9
47.6
General and administrative
10.3
52.5
Operating expenses
47
106
Operating income
0.63
-26.8
Other non-operating income
1.62
1.05
Pre-tax income
2.24
-25.8
Income tax
0.87
-1.09
Net income
1.37
-24.7
EBITDA
17.1
-3.38
EPS, basic
0.05
-0.78
EPS, diluted
0.05
-0.78
Shares, basic (weighted)
27
31.6
Shares, diluted (weighted)
27
31.6
Balance sheet
FY2025
FY2025
Cash and equivalents
11.7
114
Receivables
5.27
23.9
Other current assets
23.3
21.3
Total current assets
46.5
168
Property, plant and equipment
89.2
337
Lease right-of-use assets
14.5
11.6
Goodwill
19.4
20.1
Intangible assets
13
12.8
Other non-current assets
2.84
23.8
Total assets
229
651
Accounts payable
2.35
8.1
Deferred revenue
30.7
8
Short-term debt
20
Total current liabilities
45.8
82.5
Lease liabilities
9.01
5.28
Total liabilities
59.4
169
Paid-in capital
171
505
Retained earnings
0.14
-24.5
Other comprehensive income
-1.57
1.89
Shareholders' equity
170
482
Total equity
170
482
Total liabilities and equity
229
651
Shares outstanding
27
38.3
Cash flow statement
FY2025
FY2025
Net income
1.37
-24.7
Depreciation and amortization
16.5
23.4
Stock-based compensation
16.9
Deferred income tax
-0.24
-0.71
Change in receivables
-4.67
-18.8
Change in payables
0.42
5.65
Cash from operations
18.7
45.7
Capital expenditures
-79
-268
Cash from investing
-80
-267
Stock issued
22.2
Cash from financing
76.4
324
Exchange rate effect
-0.41
0.72
Net change in cash
15.2
102
Free cash flow
-60.3
-223
Income taxes paid
-0.6
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $19.62 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
59.6%
Gross profit / revenue.
Operating margin
-42.3%
Operating income / revenue.
EBITDA margin
-13.2%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-48.8%
Pre-tax income / revenue.
Net margin
-46.9%
Net income / revenue.
FCF margin
-360.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
149.8%
Cash from operations / revenue.
Return on equity (ROE)
-13.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-5.0%
Net income / average total assets.
Return on invested capital (ROIC)
-10.2%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
15.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
510.2%
Capital expenditures / revenue.
D&A / revenue
29.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
66.2%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
77.2%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-4,368.0%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-119.7%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-1,902.0%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-1,660.0%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
143.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
184.3%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
184.3%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
16.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.79x
Current assets / current liabilities.
Quick ratio
0.58x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.41x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.08x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
3.2%
Total debt / total assets.
Liabilities / assets
61.7%
Total liabilities / total assets.
Net debt
-$27.6M
Total debt - cash - short-term investments. Negative means more cash than debt.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$1.15
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$2.44
Revenue / diluted weighted shares.
FCF per share
-$8.81
Free cash flow / diluted weighted shares.
Operating cash flow per share
$3.66
Cash from operations / diluted weighted shares.
Book value per share
$8.69
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
8.07x
Market cap / revenue.
P/B
2.26x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.49x
Market cap / tangible book value, when positive.
P/OCF
5.38x
Market cap / cash from operations, when positive.
EV/Sales
7.77x
Enterprise value / revenue.
FCF yield
-44.7%
Free cash flow / market cap.
Earnings yield
-5.8%
Net income / market cap (the inverse of P/E).
What was WhiteFiber, Inc.'s revenue in fiscal 2025?
WhiteFiber, Inc. reported revenue of $79.2M for fiscal 2025, 66.2% higher than the year before.
Was WhiteFiber, Inc. profitable in fiscal 2025?
No. It reported a net loss of $24.7M.
How much free cash flow did WhiteFiber, Inc. generate in fiscal 2025?
Cash from operations of $45.7M minus capital expenditures of $268.4M left free cash flow of -$222.7M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.