4 years of historical data (2022–2025)
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Fusemachines Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $37M | $19M | $305M | $289M | $268M |
| Enterprise Value | $34M | $16M | $322M | $296M | $272M |
| P/E Ratio → | -15.90 | — | — | — | — |
| P/S Ratio | 4.80 | 2.47 | 0.56 | 38.80 | 39.00 |
| P/B Ratio | — | — | — | — | — |
| P/FCF | — | — | 1.59 | — | — |
| P/OCF | — | — | 1.52 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | 2.11 | 0.59 | 39.74 | 39.57 |
| EV / EBITDA | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — |
| EV / FCF | — | — | 1.68 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Fusemachines Inc. earns an operating margin of -77.2%. Operating margins have compressed from -71.1% to -77.2% over the past 3 years, signaling potential cost pressures or competitive headwinds.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | 55.8% | 55.8% | 75.0% | 57.0% | 69.2% |
| Operating Margin | -77.2% | -77.2% | -0.4% | -71.1% | -10.1% |
| Net Profit Margin | -12.0% | -12.0% | -2.8% | -90.9% | -10.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | — | — | — | — | — |
| ROA | -0.4% | -0.4% | -5.9% | -201.7% | -22.4% |
| ROIC | — | — | — | — | -74.5% |
| ROCE | -2.5% | -2.5% | -0.9% | -805.0% | -49.8% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $4M exceeds total debt of $1M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — |
| Debt / FCF | — | — | 0.09 | — | — |
| Interest Coverage | -2.45 | -2.45 | -64.60 | -13.97 | -3.61 |
Net cash position: cash ($4M) exceeds total debt ($1M)
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.31x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.52x to 0.31x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 0.31 | 0.31 | 12.64 | 0.52 | 1.00 |
| Quick Ratio | 0.31 | 0.31 | 12.64 | 0.52 | 1.00 |
| Cash Ratio | 0.21 | 0.21 | 0.82 | 15.21 | 99.59 |
| Asset Turnover | — | 1.02 | 1.05 | 2.22 | 2.05 |
| Inventory Turnover | — | — | — | — | — |
| Days Sales Outstanding | — | 66.10 | 1.10 | 62.57 | 55.09 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Fusemachines Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — |
| FCF Yield | — | — | 63.0% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.7% | 51.8% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.7% | 51.8% | 0.0% |
| Shares Outstanding | — | $12M | $27M | $27M | $27M |
Compare FUSE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| $37M | -15.9 | — | — | 55.8% | -77.2% | — | — | — | |
| $20B | -5.1 | — | — | 22.3% | -65.3% | -96.7% | -19.5% | — | |
| $84M | -26.8 | 236.4 | 17.8 | 78.3% | -7.9% | -43.2% | -20.1% | 34.1 | |
| $523M | -8.9 | 47.9 | — | 53.7% | -7.1% | -17.7% | -4.3% | 18.1 | |
| $5M | -0.1 | — | — | 44.4% | -783.6% | — | — | — | |
| $3B | -213.6 | 272.0 | — | 42.4% | -13.8% | -4.3% | -16.8% | 0.4 | |
| $10M | -0.8 | — | — | 17.2% | -18.5% | -20.5% | -41.6% | — | |
| $5B | 19.3 | 13.1 | 15.6 | 38.4% | 15.0% | 27.2% | 20.4% | 1.1 | |
| $5B | 14.6 | 6.1 | 8.4 | 26.5% | 9.6% | 10.3% | 15.5% | 0.2 | |
| $2B | 16.7 | 5.7 | 6.3 | 35.0% | 7.0% | 4.9% | 5.5% | 1.4 | |
| $10B | 89.4 | 51.6 | 42.9 | 66.9% | 16.3% | 7.6% | 9.0% | 0.4 |
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Compare NowQuick answers to the most common questions about buying FUSE stock.
Fusemachines Inc.'s current P/E ratio is -15.9x. This places it at the 50th percentile of its historical range.
Based on historical data, Fusemachines Inc. is trading at a P/E of -15.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Fusemachines Inc. has 55.8% gross margin and -77.2% operating margin.