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TickerWYFI
SectorInformation Technology Services
Mkt cap$815M
EV / EBITDA27459.6×
PostureQuiet Issuer
Composite33/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 2042022

Whitefiber, Inc.

WYFIQUIET ISSUERQUIET

Whitefiber, Inc. reads as Quiet Issuer (composite 33/100); pressure / disclosure signals dominate the posture this cycle · primary market Software & IT.

Lens

Disclosed M&A capital (2023–2025)

$44M

new

vs N/A in 2020–2022

Disclosed transactions

1

new

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

33

/100

Quiet Issuer dominates · Quiet

Financial snapshot
Revenue$59M
EBITDA$26K
Enterprise value$724M
EV / Revenue12.2×
EV / EBITDA27459.6×
P/EN/A
Cash$114M
Total debt$20M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

16/100

Companies actively deploying disclosed capital into M&A

  • $44M disclosed buyer spend

Buyer Cadence

17/100

Buyer-side companies with recent filing activity

  • 8 8-Ks

Target Probability

2/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

12/100

Issuers facing activism, governance, or control pressure

Distress Watch

26/100

Issuers showing financial-distress filing patterns

  • 10-Q 208d stale

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

33/100

Issuers with the highest filing-activity intensity

  • 8 8-Ks
  • 3 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $724M
  • 10-Q 208d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $44M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251$44M$44MN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    33%
  • Geographic Expansion
    33%
  • Platform
    33%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • geographic_expansion
  • platform
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Software & IT

Market spend (2023–2025)
$217.7B
Market spend (2020–2022)
$197.1B
Recent vs prior
+10%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

27459.6×EV / EBITDA

WYFI trades at a +27445.2-turn premium to the Software & IT peer median of 14.3×.

EV / Revenue
12.2×
Net debt / EBITDA
-3580.8×
Peer median EV / EBITDA
14.3×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
Whitefiber, Inc.WYFI
27459.6×12.2×-3580.8×$59M$44M
23.4×10.7×0.2×$64.1B$27.7B
15.5×9.8×0.0×$318.3B$75.4B
14.3×4.4×0.6×$41.5B$12.1B
11.0×3.7×-0.1×$6.4B$1.7B
7.6×2.8×0.1×$21.1B$10M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Software & IT. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)12026-03-26
  • 10-Q (quarterly)22025-11-13
  • 8-K (event)82026-01-26
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.