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WhiteFiber, Inc. WYFI Cloud Services — Variable Lease Cost

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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$954.16M+86.1%
Enterprise value$903.34M
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 us-gaap:VariableLeaseCost.

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 itemCloud servicesColocation servicesTotal
Less:
Electricity costs905,552831,1891,736,741
Datacenter lease expense1,395,148467,1771,862,325
GPU lease expense3,715,232-3,715,232
Wage expense-204,911204,911
Third-party customer support fees147,753-147,753
Other segment items (b)615,598449,5061,065,104
Intersegment cost of revenue8,679-8,679

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

FAQ

What is WhiteFiber, Inc.'s cloud services — variable lease cost?
WhiteFiber, Inc. (WYFI) reported cloud services — variable lease cost of $3.72M in Q1 2026.
How has WhiteFiber, Inc.'s cloud services — variable lease cost changed year-over-year?
WhiteFiber, Inc.'s cloud services — variable lease cost decreased by 0.9% year-over-year, from $3.75M to $3.72M.
What does cloud services — variable lease cost mean?
This metric measures the non-fixed, usage-based costs associated with leasing infrastructure or equipment for cloud service delivery. Unlike fixed lease expenses, these costs fluctuate based on capacity utilization or service demand levels. It is a critical indicator of how effectively the company scales its infrastructure costs in alignment with revenue growth.

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