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WhiteFiber, Inc. WYFI Cloud Services — Cost Of Revenuesexclusive Of Depreciation

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Other financials

Income statement

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Revenue$21.9M+30.7%
Operating income-$11.0M-639%
Net income-$12.0M-943%
EPS (diluted)-$0.31-720%

Balance sheet

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Cash & equivalents$80.1M+525%
Total debt$29.3M
Total equity$352.6M+59.8%
Total assets$796.3M

Cash flow

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Operating cash flow$3.2M+210%
CapEx$169.2M+237%
Free cash flow-$165.9M-213%

Valuation

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Market cap$951.07M+77.9%
Enterprise value$900.25M
P/S11.3×

Profitability

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Operating margin-47.3%
Net margin-45.2%
FCF margin-398%

Returns & leverage

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Return on equity-13.3%
Debt / equity0.1×
Current ratio2.8×

Where this comes from

Reported directly by WhiteFiber, Inc. in its filing.

Tagged under the XBRL concept wyfi:CostOfRevenuesexclusiveOfDepreciation.

The source filing: WhiteFiber, Inc.’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 7:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-056212
Line itemFor the Three Months Ended March 31 / 2026For the Three Months Ended March 31 / 2025
Total Revenues21,923,45116,767,516
Operating costs and expenses
Cost of revenue (exclusive of depreciation shown below)
Cloud services(6,779,283)(6,104,841)
Colocation services(1,952,783)(545,836)
Depreciation and amortization expenses(6,441,112)(3,829,644)
General and administrative expenses(17,770,097)(4,243,819)
Total operating expenses(32,943,275)(14,724,140)

Item 1. Financial Statements. Item 1. Financial Statements and Supplementary Data

FAQ

What is WhiteFiber, Inc.'s cloud services — cost of revenuesexclusive of depreciation?
WhiteFiber, Inc. (WYFI) reported cloud services — cost of revenuesexclusive of depreciation of $6.78M in Q1 2026.
How has WhiteFiber, Inc.'s cloud services — cost of revenuesexclusive of depreciation changed year-over-year?
WhiteFiber, Inc.'s cloud services — cost of revenuesexclusive of depreciation increased by 11.0% year-over-year, from $6.1M to $6.78M.
What does cloud services — cost of revenuesexclusive of depreciation mean?
This metric measures the direct operating expenses incurred to deliver cloud services, excluding non-cash depreciation charges. It encompasses variable costs such as electricity, datacenter leases, and direct support labor required to maintain service availability. Monitoring this metric helps investors evaluate the direct cost structure and operational leverage inherent in the cloud service delivery model.

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