WhiteFiber (WYFI) Operating Expenses (2024 - 2026)
WhiteFiber's (WYFI) quarterly Operating Expenses came in at $38.1 million in Q2 2026, up 36.94% year-over-year from $27.8 million in Q2 2025, and up 32.46% quarter-over-quarter from $28.8 million in Q4 2025.
Analysis
WhiteFiber (WYFI) Operating Expenses (2024 - 2026) Analysis & Trends
WhiteFiber (WYFI) has reported Operating Expenses for 3 consecutive years, with $38.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 36.94% year-over-year to $38.1 million in Q2 2026; TTM through Jun 2026 was $129.4 million, a 91.37% increase from a year earlier, with the FY2025 full-year figure at $106.0 million, up 125.45% from the prior year.
- Operating Expenses was $38.1 million for Q2 2026 at WhiteFiber, up from $28.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $38.1 million in Q2 2026 and troughed at $10.2 million in Q2 2024.
- A 3-year average of $24.2 million and a median of $27.8 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 173.29% in 2025 and jumped 36.94% in 2026, its largest moves.
- Over 3 years, Operating Expenses stood at $16.5 million in 2024, then surged by 74.64% to $28.8 million in 2025, then jumped by 32.46% to $38.1 million in 2026.
- The last three Operating Expenses figures came in at $38.1 million (Q2 2026), $28.8 million (Q4 2025), and $34.7 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 1.96 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 185.22 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 35.08 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 383.57 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | -28.32 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 49.39 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | -40.67 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | -97.82 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 38.09 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 13.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.09 Mn |
| Dec 31, 2025 | 28.76 Mn |
| Sep 30, 2025 | 34.68 Mn |
| Jun 30, 2025 | 27.82 Mn |
| Dec 31, 2024 | 16.47 Mn |
| Sep 30, 2024 | 13.13 Mn |
| Jun 30, 2024 | 10.18 Mn |