Whitefiber (WYFI)
Market Price (9/29/2026): $18.78 | Market Cap: $726.1 MilSector: Information Technology | Industry: IT Consulting & Other Services
Whitefiber (WYFI)
Market Price (9/29/2026): $18.78Market Cap: $726.1 MilSector: Information TechnologyIndustry: IT Consulting & Other Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 150% Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Artificial Intelligence. Themes include Telecom Infrastructure, and Data Centers & Infrastructure. | Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -61% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -37% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 29% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -360% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10% High stock price volatilityVol 12M is 126% Key risksWYFI key risks include [1] a dependence on external financing to complete its aggressive data center expansion plans and [2] potential development and commissioning delays for its new facilities. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 150% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Artificial Intelligence. Themes include Telecom Infrastructure, and Data Centers & Infrastructure. |
| Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -61% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -37% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 29% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -360% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10% |
| High stock price volatilityVol 12M is 126% |
| Key risksWYFI key risks include [1] a dependence on external financing to complete its aggressive data center expansion plans and [2] potential development and commissioning delays for its new facilities. |
Qualitative Assessment
AI Analysis | Feedback
Whitefiber (WYFI) stock has lost about 35% since 5/31/2026 because of the following key factors:
1. Continued Substantial Net Losses Despite Revenue Growth.
WhiteFiber reported a net loss of $15.0 million in fiscal Q2 2026 (ended June 30, 2026), which was wider than the anticipated $0.03 loss by some analysts, despite a 54% year-over-year increase in revenue to $28.8 million. This unprofitability was attributed to higher depreciation and interest expenses from infrastructure expansion and a $5.01 million impairment of capitalized software, leading to total operating expenses of $38.09 million in fiscal Q2 2026. The sustained losses, even with revenue growth and new contract wins totaling over $540 million, contributed to investor concerns about the company's path to consistent profitability.
2. Potential Dilution from Convertible Senior Notes Offering.
WhiteFiber completed an upsized $310.0 million convertible senior notes offering during the period. While these notes provided capital for its expansion initiatives, the offering likely introduced concerns among investors regarding the potential for future share dilution if the notes are converted. This potential dilution could have put downward pressure on the stock price following its initial post-earnings surge.
Show more
Whitefiber (WYFI) stock has lost about 35% since 5/31/2026 because of the following key factors:
1. Continued Substantial Net Losses Despite Revenue Growth.
WhiteFiber reported a net loss of $15.0 million in fiscal Q2 2026 (ended June 30, 2026), which was wider than the anticipated $0.03 loss by some analysts, despite a 54% year-over-year increase in revenue to $28.8 million. This unprofitability was attributed to higher depreciation and interest expenses from infrastructure expansion and a $5.01 million impairment of capitalized software, leading to total operating expenses of $38.09 million in fiscal Q2 2026. The sustained losses, even with revenue growth and new contract wins totaling over $540 million, contributed to investor concerns about the company's path to consistent profitability.
2. Potential Dilution from Convertible Senior Notes Offering.
WhiteFiber completed an upsized $310.0 million convertible senior notes offering during the period. While these notes provided capital for its expansion initiatives, the offering likely introduced concerns among investors regarding the potential for future share dilution if the notes are converted. This potential dilution could have put downward pressure on the stock price following its initial post-earnings surge.
3. Market Re-evaluation and Profit-taking Post-Earnings Surge.
After an initial surge of 18.0% following the fiscal Q2 2026 earnings report on August 12, 2026, which saw the stock close at $28.58, WhiteFiber's stock subsequently experienced a 30.5% decline over the following 41 days. This indicates that the market's initial positive reaction to strong revenue growth and significant new contracts, including an $865 million, 10-year deal for its NC-1 campus, was followed by a re-evaluation of the company's high capital expenditure requirements, sustained unprofitability, and potential dilution from financing activities. This re-evaluation likely led to profit-taking and a more cautious outlook on the company's valuation.
Show less
Stock Movement Drivers
Fundamental Drivers
The -36.7% change in WYFI stock from 5/31/2026 to 9/28/2026 was primarily driven by a -43.1% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.74 | 18.83 | -36.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 84 | 95 | 12.1% |
| P/S Multiple | 13.5 | 7.7 | -43.1% |
| Shares Outstanding (Mil) | 38 | 39 | -0.7% |
| Cumulative Contribution | -36.7% |
Market Drivers
5/31/2026 to 9/28/2026| Return | Correlation | |
|---|---|---|
| WYFI | -36.7% | |
| Market (SPY) | 1.5% | 41.7% |
| Sector (XLK) | 2.0% | 55.9% |
Fundamental Drivers
The 11.8% change in WYFI stock from 2/28/2026 to 9/28/2026 was primarily driven by a 34.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.85 | 18.83 | 11.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 70 | 95 | 34.6% |
| P/S Multiple | 8.1 | 7.7 | -4.9% |
| Shares Outstanding (Mil) | 34 | 39 | -12.7% |
| Cumulative Contribution | 11.8% |
Market Drivers
2/28/2026 to 9/28/2026| Return | Correlation | |
|---|---|---|
| WYFI | 11.8% | |
| Market (SPY) | 12.2% | 45.8% |
| Sector (XLK) | 40.5% | 55.6% |
Fundamental Drivers
The 11.4% change in WYFI stock from 8/31/2025 to 9/28/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.91 | 18.83 | 11.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 95 | 0.0% |
| P/S Multiple | � | 7.7 | 0.0% |
| Shares Outstanding (Mil) | 36 | 39 | -5.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
8/31/2025 to 9/28/2026| Return | Correlation | |
|---|---|---|
| WYFI | 11.4% | |
| Market (SPY) | 20.0% | 44.3% |
| Sector (XLK) | 49.0% | 53.2% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/28/2026| Return | Correlation | |
|---|---|---|
| WYFI | ||
| Market (SPY) | 76.5% | 43.6% |
| Sector (XLK) | 125.9% | 52.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WYFI Return | - | - | - | - | -3% | 24% | 21% |
| Peers Return | 47% | 2% | 101% | 38% | 13% | 36% | 541% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| WYFI Win Rate | - | - | - | - | 60% | 56% | |
| Peers Win Rate | 69% | 40% | 65% | 65% | 50% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| WYFI Max Drawdown | - | - | - | - | - | -62% | |
| Peers Max Drawdown | -18% | -39% | -25% | -35% | -38% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRWV, SMCI, EQIX, DLR, ANET.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/28/2026 (YTD)
How Low Can It Go
WYFI has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.0% | -7.8% |
| % Gain to Breakeven | 20.4% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.0% | -9.5% |
| % Gain to Breakeven | 11.2% | 10.5% |
| Time to Breakeven | 15 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
WYFI has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.5% | -53.4% |
| % Gain to Breakeven | 106.2% | 114.4% |
| Time to Breakeven | 797 days | 1085 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Whitefiber (WYFI)
Whitefiber (WYFI) is a leading provider of artificial intelligence (AI) infrastructure solutions, specializing in high-performance computing (HPC). The company operates a vertically integrated business model, owning and developing Tier-3 HPC data centers specifically designed for demanding AI and machine learning (ML) workloads, while also offering cloud-based HPC graphics processing unit (GPU) services. This integrated approach allows Whitefiber to provide scalable, high-performance computing solutions that meet the unique requirements of generative AI workstreams, such as high power density and advanced cooling.
The company's core offering includes its HPC Business, which provides hosting and colocation services at its data centers. Currently operating MTL-1 in Montreal, Canada (4 MW), Whitefiber is aggressively expanding its footprint with new projects like MTL-2 (5 MW), MTL-3 (7 MW), and NC-1 in North Carolina (initial 24 MW with potential for 200 MW). Whitefiber targets achieving 76 MW of total HPC data center capacity by the end of 2026, prioritizing developments backed by customer lease commitments, such as its agreement with Cerebras Wafer Scale ULC Systems. These facilities are built to support the intensive computational needs of AI and ML developers.
Complementing its data center infrastructure, Whitefiber also provides WhiteFiber Cloud Services, offering cutting-edge, bespoke solutions built with NVIDIA GPUs, servers, and network equipment. These cloud services support generative AI training and inference, delivering high performance and reliability with flexibility to scale. While currently operating cloud services from a third-party data center in Iceland, Whitefiber plans to seamlessly integrate these services into its growing network of owned data centers across North America, Europe, and Asia. Its primary customers are AI application and ML developers, enterprises, and research institutions seeking advanced computing power for their demanding AI-driven initiatives.
AI Analysis | Feedback
Here are 1-2 brief analogies to describe Whitefiber:
A specialized AWS or Azure, built for AI, and owning its dedicated GPU data centers.
The Equinix or Digital Realty of AI, also providing its own GPU cloud services.
AI Analysis | Feedback
- HPC Data Center Services: Whitefiber provides hosting and colocation services within its Tier-3 high-performance computing (HPC) data centers, specifically designed for AI and machine learning workloads.
- Cloud-based HPC GPU Services: Whitefiber offers scalable, high-performance computing solutions with NVIDIA GPUs and related infrastructure for AI application and machine learning developers, including a software layer for deployment.
AI Analysis | Feedback
Whitefiber (WYFI) sells primarily to other companies and organizations. The company has identified one specific major customer:
- Cerebras Wafer Scale ULC Systems (a private company, described as a leader in generative AI infrastructure, which has a 5 MW colocation agreement for the MTL-3 data center).
In addition to specific named customers, Whitefiber serves various categories of organizations for its HPC data center and cloud services, including:
- AI application and machine learning (ML) developers
- Enterprises
- Research institutions
- AI and ML driven businesses
The company notes that its MTL-1 data center's full capacity is occupied by 14 unnamed customers under lease agreements, and it secured its first cloud customer through a three-year Master Service Agreement without identifying the customer by name.
AI Analysis | Feedback
- Duke Energy (DUK)
- NVIDIA (NVDA)
AI Analysis | Feedback
Sam Tabar, Chief Executive Officer
Sam Tabar has served as WhiteFiber's Chief Executive Officer since February 2025. He also holds the position of CEO at Bit Digital, where he previously served as Chief Strategy Officer from March 2021 to March 2023. Earlier in his career, he co-founded Fluidity, an Ethereum-focused initiative that became part of Consensys. His experience also includes roles as a Partner at FullCycle, Head of Capital Strategy (Asia Pacific) at Bank of America Merrill Lynch, and Co-Head of Marketing at Sparx Asset Management in Tokyo. Mr. Tabar began his career practicing law at Skadden, Arps, Slate, Meagher & Flom LLP.
Justin Zhu, Chief Financial Officer
Justin Zhu was appointed as WhiteFiber's Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer effective August 1, 2026. Prior to this, he served as Senior Vice President of Finance and Chief Accounting Officer at WhiteFiber upon the company's initial public offering in August 2025. Mr. Zhu also previously held the role of Vice President of Finance at Bit Digital, Inc., resigning upon his appointment as WhiteFiber's CFO. He possesses over a decade of experience in finance and accounting leadership, encompassing US GAAP, SEC reporting, and SOX compliance, and led Bit Digital's transition from a foreign private issuer to a domestic filer. He also spent six years as a Senior Manager at Ernst & Young US LLP, advising Fortune 500 clients.
Billy Krassakopoulos, President, Data Centers
Billy Krassakopoulos is a data center veteran with over 20 years of experience. He founded Netintelligent Hosting Services, which was later acquired by eStruxture, where he then served as Vice President. His leadership is recognized in managed hosting, infrastructure development, and operational excellence.
Thomas Sanfilippo, Chief Technology Officer
Thomas Sanfilippo serves as WhiteFiber's Chief Technology Officer.
AI Analysis | Feedback
The key risks to Whitefiber's business include:
- Dependence on External Financing for Growth: Whitefiber's ability to achieve its targeted data center capacity and implement its aggressive expansion plans, including MTL-2, MTL-3, and NC-1, is explicitly conditioned upon its ability to obtain additional equity and/or debt financing. Without securing this financing, the company may not be able to complete its planned buildouts and reach its projected operational capacities.
- Risks Associated with Data Center Development and Commissioning: The timelines and capacities for Whitefiber's new data center projects (MTL-2, MTL-3, and NC-1) are subject to change due to numerous factors outside of its control. These factors include obtaining required permits, managing construction phases, integrating interior systems, and completing mechanical, electrical, and regulatory work. Delays or unforeseen challenges in these processes could impact the expected operational dates and revenue generation timelines.
- Competition and Customer Acquisition/Retention: Whitefiber operates in a competitive market for high-performance computing (HPC) data center infrastructure and cloud services. Its success relies on its ability to attract and retain customers for its expanding data center capacity and cloud services, particularly as it brings new facilities online and pursues a pipeline of potential projects.
AI Analysis | Feedback
AI Analysis | Feedback
- AI Infrastructure Solutions (including HPC Data Centers and Colocation)
- The North America AI Infrastructure Market was valued at approximately $49.92 billion in 2024 and is projected to grow to approximately $141.96 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 19.0%.
- Globally, the AI infrastructure market was valued at USD 58.78 billion in 2025 and is projected to reach USD 497.98 billion by 2034, with a CAGR of 26.60%.
- Cloud-based HPC GPU Services
- The global GPU Cloud Services Market was valued at approximately USD 6.02 billion in 2025 and is projected to reach USD 236.04 billion by 2035, with a CAGR of 44.32%. North America held 43.0% of this market in 2025.
- In North America, the U.S. GPU Cloud Platform Market was valued at approximately USD 5.33 billion in 2025 and is expected to reach around USD 203.99 billion by 2035, growing at a CAGR of 43.46% from 2026 to 2035.
AI Analysis | Feedback
Whitefiber (WYFI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Significant Expansion of High-Performance Computing (HPC) Data Center Capacity: Whitefiber is aggressively increasing its data center footprint and operational capacity. This includes the planned completion and operationalization of MTL-2 and MTL-3 in the fourth quarter of 2025, and NC-1 in the first quarter of 2026, with initial revenue generation expected in May 2026. The company targets achieving an estimated 76 MW (gross) of total HPC data center capacity by the end of the fourth quarter of 2026, underpinned by these facilities and further pipeline expansion. This increased capacity will directly support new colocation customers and the growth of WhiteFiber’s own cloud services.
- Growth and Geographic Expansion of WhiteFiber Cloud Services: The company's cloud services business has demonstrated substantial revenue growth, from $8.1 million in Q1 2024 to $14.8 million in Q1 2025, and $45.7 million for the 12 months ended December 31, 2024. WhiteFiber is expanding its GPU deployments, with approximately 4,500 NVIDIA GPUs deployed as of June 30, 2025, and is negotiating with third-party providers to integrate its cloud services across key regions in Europe, North America, and Asia. This expansion, coupled with a software layer designed to assist in AI application deployment, is set to boost cloud service subscriptions and revenue.
- Strategic Customer Acquisitions and Long-Term Lease Commitments: Whitefiber's business model prioritizes projects backed by customer lease commitments. Examples include the full occupancy of MTL-1 by 14 customers with an average duration of approximately 30 months, and a previously announced 5 MW (IT load) colocation agreement with Cerebras Wafer Scale ULC Systems for the upcoming MTL-3 facility. Securing such long-term agreements for its data center capacity and cloud services, like the three-year Master Service Agreement with its first cloud customer, provides stable and recurring revenue streams.
AI Analysis | Feedback
Capital Expenditures
- Whitefiber significantly expanded its data center operations in October 2024 by acquiring Enovum, a Tier-3 HPC data center platform based in Montreal, Canada.
- The company has acquired and is retrofitting multiple sites for new HPC data centers, including the real estate for MTL-2 in December 2024, securing rights to MTL-3 in April 2025, and purchasing a building for NC-1 in May 2025.
- Management expects to achieve an estimated 76 MW of total HPC data center capacity by the end of the fourth quarter of 2026, primarily driven by the MTL-2, MTL-3, and NC-1 facilities, along with projects from its confidential development pipeline.
Peer Outperformance in IT Consulting & Other Services
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 68.1% | 185.0% | 297.2% | TTMI 879% · FLEX 755% · JBL 466% |
| Semiconductor Materials & Equipment | 27 | 95.8% | 95.0% | 119.5% | AXTI 830% · AEHR 612% · KLAC 492% |
| Technology Distributors | 9 | 38.3% | 84.0% | 101.5% | CLMB 413% · AVT 206% · SNX 155% |
| Communications Equipment | 36 | 14.7% | 74.6% | 70.6% | AAOI 1275% · LITE 997% · FEIM 904% |
| Electronic Components | 26 | 44.7% | 67.8% | 69.1% | CLS 3861% · BELFA 1314% · APH 375% |
| Semiconductors | 55 | 31.8% | 36.7% | 36.0% | POET 1719% · MU 1409% · NVDA 1020% |
| Technology Hardware, Storage & Peripherals | 20 | 18.2% | 128.9% | 35.6% | STX 1178% · SMCI 1038% · DELL 1027% |
| Internet Services & Infrastructure | 6 | 1.7% | 42.1% | 24.6% | DOCN 75% · VRSN 40% · GDDY 34% |
| Electronic Equipment & Instruments | 26 | -18.3% | 15.0% | -8.6% | PI 210% · KEYS 116% · ACFN 105% |
| IT Consulting & Other Services ← | 30 | -25.3% | -18.6% | -30.5% | CHRN 521347% · APLD 1079% · TSSI 784% |
| Application Software | 125 | -31.6% | -20.3% | -46.9% | VIDA 136567% · PLTR 665% · RDVT 194% |
| Systems Software | 74 | -19.5% | 5.2% | -58.8% | QNC 856% · ZETA 434% · PANW 397% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 131.45 |
| Mkt Cap | 73.7 |
| Rev LTM | 8,697 |
| Op Inc LTM | 1,746 |
| FCF LTM | -902 |
| FCF 3Y Avg | 999 |
| CFO LTM | 3,455 |
| CFO 3Y Avg | 2,970 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 42.1% |
| Rev Chg 3Y Avg | 18.0% |
| Rev Chg Q | 46.1% |
| QoQ Delta Rev Chg LTM | 10.3% |
| Op Inc Chg LTM | 28.7% |
| Op Inc Chg 3Y Avg | 28.2% |
| Op Mgn LTM | 12.6% |
| Op Mgn 3Y Avg | 18.0% |
| QoQ Delta Op Mgn LTM | 1.9% |
| CFO/Rev LTM | 47.1% |
| CFO/Rev 3Y Avg | 39.2% |
| FCF/Rev LTM | -16.4% |
| FCF/Rev 3Y Avg | 17.7% |
Price Behavior
| Market Price | $18.83 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 08/07/2025 | |
| Distance from 52W High | -57.9% | |
| 50 Days | 200 Days | |
| DMA Price | $22.18 | $18.87 |
| DMA Trend | down | down |
| Distance from DMA | -15.1% | -0.2% |
| 3M | 1YR | |
| Volatility | 126.6% | 125.1% |
| Downside Capture | 486.03 | 489.81 |
| Upside Capture | 67.55 | 388.32 |
| Correlation (SPY) | 38.4% | 46.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.61 | 5.12 | 4.41 | 4.34 | 4.46 | -0.67 |
| Up Beta | 5.11 | 11.89 | 9.95 | 4.46 | 4.97 | 1.70 |
| Down Beta | 2.39 | 6.06 | 4.04 | 5.74 | 3.43 | -1.18 |
| Up Capture | -91% | -67% | 135% | 689% | 2496% | 285% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 8 | 16 | 26 | 63 | 120 | 128 |
| Down Capture | 413% | 424% | 289% | 256% | 197% | 110% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 13 | 26 | 38 | 64 | 131 | 139 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WYFI | |
|---|---|---|---|---|
| WYFI | -20.2% | 125.8% | 0.40 | - |
| Sector ETF (XLK) | 40.7% | 26.5% | 1.25 | 54.1% |
| Equity (SPY) | 17.4% | 13.0% | 0.96 | 46.4% |
| Gold (GLD) | 9.7% | 29.6% | 0.31 | 26.2% |
| Commodities (DBC) | 42.7% | 20.7% | 1.60 | -1.5% |
| Real Estate (VNQ) | 4.3% | 13.6% | 0.06 | 6.8% |
| Bitcoin (BTCUSD) | -23.0% | 44.8% | -0.46 | 44.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WYFI | |
|---|---|---|---|---|
| WYFI | 3.0% | 126.2% | 0.68 | - |
| Sector ETF (XLK) | 21.5% | 25.9% | 0.73 | 52.7% |
| Equity (SPY) | 13.5% | 17.2% | 0.60 | 43.6% |
| Gold (GLD) | 18.1% | 18.9% | 0.77 | 25.1% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | -1.2% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 4.1% |
| Bitcoin (BTCUSD) | 14.4% | 52.4% | 0.45 | 41.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WYFI | |
|---|---|---|---|---|
| WYFI | 1.5% | 126.2% | 0.68 | - |
| Sector ETF (XLK) | 24.7% | 25.0% | 0.89 | 52.7% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 43.6% |
| Gold (GLD) | 11.7% | 16.4% | 0.58 | 25.1% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | -1.2% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 4.1% |
| Bitcoin (BTCUSD) | 63.8% | 66.2% | 1.03 | 41.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/23/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2025 | -9.4% | -12.5% | -24.1% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 1 | 1 | 1 |
| Median Positive | |||
| Median Negative | -9.4% | -12.5% | -24.1% |
| Max Positive | |||
| Max Negative | -9.4% | -12.5% | -24.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2025 | -9.4% | -12.5% | -24.1% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 1 | 1 | 1 |
| Median Positive | |||
| Median Negative | -9.4% | -12.5% | -24.1% |
| Max Positive | |||
| Max Negative | -9.4% | -12.5% | -24.1% |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| IT Consulting & Other Services Resources |
| IDC |
| Forrester |
| Consultancy.org |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.