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Fusemachines Inc.(FUSE)Earnings, Financials & Key Ratios
FUSE•NASDAQ
Price updated Jun 6, 2026
- Revenue$8M-98.6%
- EBITDA-$6M-187.5%
- Net Income-$928K+94.0%
- EPS (Diluted)-0.08+86.1%
- Gross Margin55.83%-25.5%
- EBITDA Margin-73.59%-20240.9%
- Operating Margin-77.18%-18512.1%
- Net Margin-12.03%-326.9%
- Interest Coverage-2.45+96.2%
FUSE Key Insights
Fusemachines Inc. (FUSE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Share count reduced 56.5% through buybacks
- ✓Efficient asset utilization: 1.0x turnover
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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FUSE Price & Volume
Fusemachines Inc. (FUSE) stock price & volume — 10-year historical chart
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FUSE Growth Metrics
Fusemachines Inc. (FUSE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years3.9%
TTM-96.45%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM108.13%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-364.19%
Return on Capital
10 Years-214.54%
5 Years-214.54%
3 Years-269.46%
Last Year-2.45%
FUSE Recent Earnings
Fusemachines Inc. (FUSE) EPS & revenue vs analyst estimates — last 1 quarters
Q2 2026Latest
May 15, 2026EPS
$0.03
Revenue
$2M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 15, 2026 | $0.03 | $2M |
Based on last 1 quarters of dataView full earnings history →
FUSE Peer Comparison
Fusemachines Inc. (FUSE) competitors in industry — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BBAI | 19.87B | 4.20 | -5.12 | -19.32% | -226.69% | -50.67% | 0.04 | |
 AEYE | 83.58M | 6.69 | -26.76 | 14.52% | -9.05% | -70.95% | 2.75 | |
 AIOT | 522.64M | 3.84 | -8.93 | -7.4% | -6.64% | 0.64 | ||
 AIXI | 4.82M | 9.11 | -0.06 | -82.47% | -140.37% | |||
 SOUN | 3.2B | 7.39 | -213.58 | 99.45% | -91.84% | -40.15% | 0.01 | |
 GFAI | 9.83M | 0.45 | -0.85 | 0.18% | -32.94% | -69.69% | 0.08 | |
 EXLS | 4.64B | 29.67 | 19.27 | 13.56% | 11.66% | 27.16% | 0.44 | |
 EPAM | 5.12B | 98.04 | 14.59 | 15.42% | 6.96% | 10.66% | 0.04 |
Compare FUSE vs Peers
Fusemachines Inc. (FUSE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FUSE Income Statement
Fusemachines Inc. (FUSE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Sales/Revenue | 6.88M | 7.44M | 545.9M | 7.71M | 9.59M |
Revenue Growth % | - | 8.16% | 7239.41% | -98.59% | -96.45% |
Cost of Goods Sold | 2.12M | 3.2M | 136.65M | 3.41M | 4.34M |
COGS % of Revenue | 30.8% | 43.01% | 25.03% | 44.17% | - |
Gross Profit | 4.76M▲ 0% | 4.24M▼ 10.9% | 409.26M▲ 9554.6% | 4.31M▼ 98.9% | 5.25M▲ 0% |
Gross Margin % | 69.2% | 56.99% | 74.97% | 55.83% | 54.78% |
Gross Profit Growth % | - | -10.93% | 9554.61% | -98.95% | - |
Operating Expenses | 5.46M | 9.52M | 382.61M | 10.26M | 13.84M |
OpEx % of Revenue | 79.32% | 128.05% | 70.09% | 133.02% | - |
Selling, General & Admin | 5.18M | 8.92M | 12.3M | 9.54M | 12.82M |
SG&A % of Revenue | 75.32% | 119.92% | 2.25% | 123.68% | - |
Research & Development | 275K | 604K | 732K | 720K | 1.02M |
R&D % of Revenue | 4% | 8.12% | 0.13% | 9.33% | - |
Other Operating Expenses | 0 | 0 | 369.58M | 0 | 0 |
Operating Income | -696K▲ 0% | -5.29M▼ 659.3% | -2.26M▲ 57.2% | -5.95M▼ 163.0% | -8.58M▲ 0% |
Operating Margin % | -10.12% | -71.05% | -0.41% | -77.18% | -89.45% |
Operating Income Growth % | - | -659.34% | 57.16% | -163% | - |
EBITDA | -528K | -5.03M | -1.97M | -5.68M | -8.23M |
EBITDA Margin % | -7.68% | -67.65% | -0.36% | -73.59% | -85.75% |
EBITDA Growth % | - | -853.03% | 60.75% | -187.47% | -276.94% |
D&A (Non-Cash Add-back) | 168K | 253K | 289K | 277K | 355K |
EBIT | -570K | -6.3M | -15.12M | -657K | -8.58M |
Net Interest Income | -158K | -451K | -234K | -268K | -17.63M |
Interest Income | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 158K | 451K | 234K | 268K | 17.63M |
Other Income/Expense | -32K | -1.47M | 2.44M | 5.03M | 8.85M |
Pretax Income | -728K▲ 0% | -6.75M▼ 827.3% | 172.31K▲ 102.6% | -925K▼ 636.8% | 268.9K▲ 0% |
Pretax Margin % | -10.59% | -90.76% | 0.03% | -11.99% | 2.8% |
Income Tax | 23K | 11K | 31K | 3K | 7K |
Effective Tax Rate % | -3.16% | -0.16% | 17.99% | -0.32% | 2.6% |
Net Income | -751K▲ 0% | -6.76M▼ 800.4% | -15.38M▼ 127.5% | -928K▲ 94.0% | 261.9K▲ 0% |
Net Margin % | -10.92% | -90.91% | -2.82% | -12.03% | 2.73% |
Net Income Growth % | - | -800.4% | -127.49% | 93.97% | 108.13% |
Net Income (Continuing) | -751K | -6.76M | -15.38M | -928K | 261.9K |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.03▲ 0% | -0.26▼ 818.7% | -0.58▼ 123.1% | -0.08▲ 86.1% | 0.01▲ 0% |
EPS Growth % | - | -818.73% | -123.08% | 86.12% | -364.19% |
EPS (Basic) | -0.03 | -0.26 | -0.58 | -0.08 | - |
Diluted Shares Outstanding | 26.5M | 26.5M | 26.5M | 11.53M | 28.94M |
Basic Shares Outstanding | 26.5M | 26.5M | 26.5M | 11.53M | 28.94M |
Dividend Payout Ratio | - | - | - | - | - |
FUSE Balance Sheet
Fusemachines Inc. (FUSE) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Total Current Assets | 1.97M | 1.79M | 256.58M | 6.25M | 3.74M |
Cash & Short-Term Investments | 194.99M | 52.12M | 139.98M | 4.22M | 1.77M |
Cash Only | 224.47K | 266K | 500K | 4.22M | 1.77M |
Short-Term Investments | 194.77M | 51.98M | 16.05M | 0 | 0 |
Accounts Receivable | 1.04M | 1.27M | 1.65M | 1.4M | 1.31M |
Days Sales Outstanding | 55.09 | 62.57 | 1.1 | 66.1 | 26.4 |
Inventory | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - |
Other Current Assets | -194.09M | -51.67M | 114.85M | 62K | 650K |
Total Non-Current Assets | 1.39M | 1.56M | 162.19M | 1.28M | 12.21M |
Property, Plant & Equipment | 1.36M | 1.42M | 1.66M | 1.05M | 975K |
Fixed Asset Turnover | 5.07x | 5.23x | 329.26x | 7.35x | 18.96x |
Goodwill | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 29K | 113K | 160.53M | 206K | 210K |
Long-Term Investments | 0 | 0 | 0 | 0 | 33.02M |
Other Non-Current Assets | 4K | 24K | 0 | 16K | 11K |
Total Assets | 3.36M▲ 0% | 3.35M▼ 0.2% | 518.59M▲ 15384.9% | 7.54M▼ 98.5% | 15.95M▲ 0% |
Asset Turnover | 2.05x | 2.22x | 1.05x | 1.02x | 0.51x |
Asset Growth % | - | -0.21% | 15384.86% | -98.55% | 71.1% |
Total Current Liabilities | 1.96M | 3.43M | 20.3M | 20.05M | 18.13M |
Accounts Payable | 563K | 1.17M | 6.54M | 5.01M | 4.8M |
Days Payables Outstanding | 97.02 | 133.04 | 17.46 | 536.95 | 206.33 |
Short-Term Debt | 395K | 191K | 9.94M | 642K | 252K |
Deferred Revenue (Current) | 192K | 21K | 54K | 0 | 0 |
Other Current Liabilities | 0 | 222K | 579K | 9.69M | 9.28M |
Current Ratio | 1.00x | 0.52x | 12.64x | 0.31x | 0.31x |
Quick Ratio | 1.00x | 0.52x | 12.64x | 0.31x | 0.31x |
Cash Conversion Cycle | - | - | - | - | -179.94 |
Total Non-Current Liabilities | 5.28M | 8.38M | 9.55M | 2.06M | 829K |
Long-Term Debt | 3.33M | 6.03M | 6.72M | 0 | 0 |
Capital Lease Obligations | 1.05M | 979K | 878K | 751K | 1.44M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 894K | 1.38M | 1.95M | 1.31M | 140K |
Total Liabilities | 7.23M | 11.82M | 29.85M | 22.11M | 18.96M |
Total Debt | 4.8M | 7.28M | 17.62M | 1.48M | 941K |
Net Debt | 3.9M | 7.02M | 17.12M | -2.74M | -833K |
Debt / Equity | - | - | - | - | -0.23x |
Debt / EBITDA | - | - | - | - | -0.11x |
Net Debt / EBITDA | - | - | - | - | 0.10x |
Interest Coverage | -3.61x | -13.97x | -64.60x | -2.45x | -0.49x |
Total Equity | -3.88M▲ 0% | -8.47M▼ 118.3% | -24.3M▼ 187.1% | -14.58M▲ 40.0% | -4.03M▲ 0% |
Equity Growth % | - | -118.33% | -187.06% | 40.03% | 81.78% |
Book Value per Share | -0.15 | -0.32 | -0.92 | -1.26 | -0.14 |
Total Shareholders' Equity | -3.88M | -8.47M | -24.3M | -14.58M | -4.03M |
Common Stock | 2K | 2K | 2K | 3K | 3K |
Retained Earnings | -12.07M | -18.83M | -34.22M | -35.15M | -36.1M |
Treasury Stock | 0 | 0 | -2.9M | 0 | 0 |
Accumulated OCI | 199K | 193K | 250K | 260K | 269K |
Minority Interest | 0 | 0 | 0 | 0 | 0 |
FUSE Cash Flow Statement
Fusemachines Inc. (FUSE) cash flow — operating, investing & free cash flow history
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Cash from Operations | -589K | -2.47M | 201.02M | -5.53M | -5.53M |
Operating CF Margin % | -8.56% | -33.26% | 36.82% | -71.69% | - |
Operating CF Growth % | - | -320.03% | 8225.26% | -102.75% | -2905.97% |
Net Income | -751K | -6.76M | 26.3M | -928K | 261.9K |
Depreciation & Amortization | 168K | 253K | 25.65M | 277K | 355K |
Stock-Based Compensation | 0 | 2.15M | 27.79M | 0 | 0 |
Deferred Taxes | 0 | 0 | -505K | -2K | -2K |
Other Non-Cash Items | 125K | 973K | 117.39M | -4.67M | -8.27M |
Working Capital Changes | -131K | 908K | 4.39M | -212K | -170.6K |
Change in Receivables | -384K | -340K | -925K | 133K | 47.7K |
Change in Inventory | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 105K | 560K | 3.71M | -200K | -179.67K |
Cash from Investing | -221K | -294K | -68.45M | -165K | 39.68K |
Capital Expenditures | -186K | -160K | -9.16M | -165K | -221K |
CapEx % of Revenue | 2.7% | 2.15% | 1.68% | 2.14% | - |
Acquisitions | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - |
Other Investing | -35K | -134K | -59.28M | 0 | 0 |
Cash from Financing | 1.08M | 2.14M | -76.61M | 9.42M | 9.13M |
Debt Issued (Net) | 181K | 2.25M | 4.66M | -178K | -462K |
Equity Issued (Net) | 901K | -149.49M | -2M | 10.43M | 10.43M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -149.49M | -2M | 0 | 0 |
Other Financing | 0 | 149.38M | -79.27M | -836K | -836K |
Net Change in Cash | 310K▲ 0% | -637K▼ 305.5% | 55.96M▲ 8884.9% | 3.72M▼ 93.4% | 1.77M▲ 0% |
Free Cash Flow | -810K▲ 0% | -2.77M▼ 241.7% | 191.86M▲ 7031.2% | -5.58M▼ 102.9% | -7.9M▲ 0% |
FCF Margin % | -11.78% | -37.21% | 35.14% | -72.37% | -82.33% |
FCF Growth % | - | -241.73% | 7031.21% | -102.91% | -107.7% |
FCF per Share | -0.03 | -0.10 | 7.24 | -0.48 | -0.48 |
FCF Conversion (FCF/Net Income) | 0.78x | 0.37x | -13.07x | 5.96x | -30.16x |
Interest Paid | 35K | 248K | 26K | 0 | 0 |
Taxes Paid | 11K | 14K | 10K | 0 | 0 |
FUSE Key Ratios
Fusemachines Inc. (FUSE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | - | - | - | -4.52% |
| Return on Invested Capital (ROIC) | - | - | - | 128.39% |
| Gross Margin | 56.99% | 74.97% | 55.83% | 54.78% |
| Net Margin | -90.91% | -2.82% | -12.03% | 2.73% |
| Debt / Equity | - | - | - | -0.23x |
| Interest Coverage | -13.97x | -64.60x | -2.45x | -0.49x |
| FCF Conversion | 0.37x | -13.07x | 5.96x | -30.16x |
| Revenue Growth | 8.16% | 7239.41% | -98.59% | -96.45% |
Related:FUSE Dividend History·FUSE Revenue History·FUSE Price History·FUSE P/E History·FUSE Financial Ratios·FUSE Institutional Holders
FUSE SEC Filings & Documents
Fusemachines Inc. (FUSE) SEC filings — annual & quarterly reports (10-K, 10-Q)
FUSE Frequently Asked Questions
Fusemachines Inc. (FUSE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Fusemachines Inc. (FUSE) reported $9.6M in revenue for fiscal year 2025. This represents a 39% increase from $6.9M in 2022.
Fusemachines Inc. (FUSE) saw revenue decline by 98.6% over the past year.
Yes, Fusemachines Inc. (FUSE) is profitable, generating $0.3M in net income for fiscal year 2025 (-12.0% net margin).
Dividend & Returns
Fusemachines Inc. (FUSE) had negative free cash flow of $7.9M in fiscal year 2025, likely due to heavy capital investments.