WhiteFiber, Inc. (WYFI) experienced a pre-market plunge of 5.48% following the release of its first quarter 2026 financial results.

The company reported a net loss of $12.04 million for Q1 FY26, a significant deterioration from net income of $1.4 million in the same quarter last year. While revenue grew 30.75% year-over-year to $21.92 million, key profitability metrics declined substantially. Adjusted EBITDA fell to $3.0 million from $5.99 million, and the operating loss widened to $11.02 million as total operating expenses climbed to $32.94 million.

Investor concern appears focused on the company's deteriorating bottom line despite revenue growth, with the widened loss driven by higher general and administrative expenses, increased depreciation and amortization, and interest expense. The company's cash position also declined while accounts receivable jumped significantly, potentially raising concerns about cash flow management.