WhiteFiber, Inc. announced its financial results for the second quarter ended June 30, 2025, on September 17, 2025. The company reported total revenue of $18.66 million, marking a substantial 48% increase year-over-year from $12.59 million in the prior-year period. Cloud services revenue, the primary driver, grew by 33% year-over-year to $16.60 million.
Colocation services, a new revenue stream following the October 2024 Enovum acquisition, contributed $1.73 million for the quarter. Despite strong revenue growth and gross profit margins of 61% for cloud services and 60% for colocation, WhiteFiber reported a net loss of $8.83 million for the quarter. This contrasts with a net income of $1.95 million in the second quarter of 2024.
The net loss was largely attributable to increased operating expenses, particularly general and administrative expenses, which included $6.50 million in share-based compensation for the quarter. Adjusted EBITDA for Q2 2025 was $3.28 million, down from $6.99 million in Q2 2024. Management highlighted the exceptionally strong demand for AI infrastructure and the expansion of data center sites like NC-1 and MTL-3.
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