NASDAQ : FUFU
BitFuFu Inc. — Financial statements
Financials · Capital Markets · Singapore
Last price 1.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 180.03M
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Financial statements
BitFuFu Inc. (FUFU) reported revenue of 399.51M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 399.51M | 477.53M | 463.33M | 284.11M | 198.20M | 103.04M |
| Cost of Revenue | 369.99M | 420.57M | 408.92M | 246.94M | 143.83M | 94.01M |
| Gross Profit | 29.52M | 56.96M | 54.41M | 37.17M | 54.37M | 9.03M |
| Selling, General & Admin | 13.32M | 12.85M | 32.73M | 5.54M | 4.69M | 3.03M |
| Research & Development | 2.74M | 2.54M | 5.60M | 1.74M | 1.56M | 469.93K |
| Operating Expenses | 37.69M | 44.41M | 63.02M | 31.84M | 24.99M | 3.50M |
| Operating Income | -8.16M | 12.56M | -8.61M | 5.33M | 29.37M | 5.53M |
| Interest Expense | -6.04M | -8.56M | -6.33M | -5.54M | -2.52M | |
| Interest & Investment Income | 1.71M | 2.75M | 2.04M | 1.05M | 343.00K | 135.30K |
| Other Non Operating Income (Expenses) | -82.48M | -7.21M | 82.61M | 11.83M | -13.57M | 368.08K |
| EBT Excluding Unusual Items | -94.99M | -469.00K | 69.71M | 12.68M | 13.63M | 6.03M |
| Gain (Loss) on Sale of Assets | -3.40M | -3.40M | -64.49K | |||
| Asset Writedown | -25.40M | -25.40M | -8.08M | -11.85M | ||
| Pretax Income | -123.78M | -29.26M | 61.63M | 12.68M | 1.78M | 5.97M |
| Income Tax Expense | -6.82M | 1.88M | 7.67M | 2.18M | -666.00K | 1.04M |
| Earnings From Continuing Operations | -116.96M | -31.14M | 53.96M | 10.49M | 2.44M | 4.93M |
| Minority Interest in Earnings | -61.00K | -110.00K | ||||
| Net Income | -117.02M | -31.25M | 53.96M | 10.49M | 2.44M | 4.93M |
| Net Income to Common | -117.02M | -31.25M | 53.96M | 10.49M | 2.44M | 4.93M |
| Shares Outstanding (Basic) | 166.20M | 164.33M | 160.99M | 150.00M | 149.38M | 142.50M |
| Shares Outstanding (Diluted) | 166.20M | 169.68M | 165.50M | 150.00M | 149.38M | 142.50M |
| EPS (Basic) | -0.70 | -0.19 | 0.34 | 0.07 | 0.02 | 0.03 |
| EPS (Diluted) | -0.70 | -0.19 | 0.33 | 0.07 | 0.02 | 0.03 |
| Free Cash Flow | -93.25M | -121.99M | -219.91M | -196.04M | -11.30M | 15.87M |
| Free Cash Flow Per Share | -0.56 | -0.72 | -1.33 | -1.31 | -0.08 | 0.11 |
| Gross Margin | 7.39% | 11.93% | 11.74% | 13.08% | 27.43% | 8.76% |
| Operating Margin | -2.04% | 2.63% | -1.86% | 1.88% | 14.82% | 5.37% |
| Profit Margin | -29.29% | -6.54% | 11.65% | 3.69% | 1.23% | 4.78% |
| Free Cash Flow Margin | -23.34% | -25.55% | -47.46% | -69.00% | -5.70% | 15.40% |
| EBITDA | 12.31M | 40.52M | 16.12M | 29.83M | 47.53M | 5.53M |
| EBITDA Margin | 3.08% | 8.48% | 3.48% | 10.50% | 23.98% | 5.37% |
| D&A For EBITDA | 20.48M | 27.96M | 24.73M | 24.50M | 18.16M | 2.86K |
| EBIT | -8.16M | 12.56M | -8.61M | 5.33M | 29.37M | 5.53M |
| EBIT Margin | -2.04% | 2.63% | -1.86% | 1.88% | 14.82% | 5.37% |
| Effective Tax Rate | 12.44% | 17.22% | 17.48% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 22.22M | 27.76M | 38.20M | 32.01M | 60.43M | 13.31M |
| Trading Asset Securities | 1.29M | 521.00K | ||||
| Cash & Short-Term Investments | 23.51M | 28.28M | 38.20M | 32.01M | 60.43M | 13.31M |
| Accounts Receivable | 6.77M | 12.33M | 10.93M | 3.84M | 6.27M | 12.39M |
| Other Receivables | 74.50M | 103.88M | 51.90M | 38.00K | 118.41K | |
| Receivables | 81.26M | 116.20M | 62.83M | 3.88M | 6.39M | 12.90M |
| Inventory | 145.00K | 246.00K | ||||
| Prepaid Expenses | 16.27M | 26.04M | 21.65M | 39.57M | 12.52M | 79.64M |
| Restricted Cash | 6.91M | |||||
| Other Current Assets | 101.68M | 153.87M | 135.44M | 45.82M | 8.23M | 10.39M |
| Total Current Assets | 222.72M | 324.54M | 265.27M | 121.27M | 87.57M | 116.24M |
| Property, Plant & Equipment | 18.51M | 21.11M | 55.98M | 81.86M | 106.29M | 51.34K |
| Long-Term Investments | 570.00K | 177.00K | ||||
| Goodwill | 4.24M | 4.24M | ||||
| Long-Term Deferred Tax Assets | 12.31M | 7.52M | 8.60M | 4.22M | 4.47M | |
| Other Long-Term Assets | 47.83M | 2.68M | ||||
| Total Assets | 258.34M | 357.58M | 377.68M | 210.03M | 198.34M | 116.30M |
| Accounts Payable | 2.48M | 4.66M | 14.12M | 806.00K | 38.12K | 10.85M |
| Accrued Expenses | 13.39M | 17.74M | 9.05M | 34.06M | 68.99M | 461.50K |
| Current Portion of Long-Term Debt | 2.00M | 15.00M | ||||
| Current Portion of Leases | 257.00K | 251.00K | ||||
| Current Income Taxes Payable | 349.00K | 1.79M | 2.23M | 2.23M | 5.13M | 1.03M |
| Current Unearned Revenue | 30.98M | 50.57M | 15.76M | 47.72M | 6.44M | 17.43M |
| Other Current Liabilities | 3.38M | 8.47M | 22.74M | 1.54M | 1.47M | 81.69M |
| Total Current Liabilities | 52.83M | 98.49M | 63.89M | 86.36M | 82.06M | 111.46M |
| Long-Term Debt | 96.76M | 94.36M | 136.25M | 102.44M | 109.44M | |
| Long-Term Leases | 65.00K | 197.00K | ||||
| Long-Term Deferred Tax Liabilities | 14.31M | 14.93M | 15.07M | 3.90M | ||
| Total Liabilities | 163.97M | 207.98M | 215.22M | 192.70M | 191.50M | 111.46M |
| Common Stock | 17.00K | 17.00K | 16.00K | 15.00K | 15.00K | 1.58K |
| Additional Paid-In Capital | 98.41M | 97.17M | 84.28M | 1.55M | 1.55M | 1.56M |
| Retained Earnings | -8.60M | 46.92M | 78.17M | 17.77M | 7.28M | 4.83M |
| Treasury Stock | -2.00M | -2.00M | ||||
| Comprehensive Income & Other | -1.56M | |||||
| Total Common Equity | 89.82M | 144.10M | 162.46M | 17.33M | 6.84M | 4.83M |
| Minority Interest | 4.55M | 5.50M | ||||
| Shareholders' Equity | 94.37M | 149.60M | 162.46M | 17.33M | 6.84M | 4.83M |
| Total Liabilities & Equity | 258.34M | 357.58M | 377.68M | 210.03M | 198.34M | 116.30M |
| Total Debt | 99.09M | 109.81M | 136.25M | 102.44M | 109.44M | |
| Net Cash (Debt) | -75.58M | -81.53M | -98.05M | -70.43M | -49.00M | 13.31M |
| Net Cash Per Share | -0.45 | -0.48 | -0.59 | -0.47 | -0.33 | 0.09 |
| Filing Date Shares Outstanding | 166.70M | 166.65M | 163.11M | 162.90M | 157.89M | 157.89M |
| Total Common Shares Outstanding | 166.70M | 166.61M | 163.11M | 150.00M | 157.89M | 157.89M |
| Working Capital | 169.88M | 226.05M | 201.38M | 34.91M | 5.51M | 4.78M |
| Book Value Per Share | 0.54 | 0.86 | 1.00 | 0.12 | 0.04 | 0.03 |
| Tangible Book Value | 85.59M | 139.87M | 162.46M | 17.33M | 6.84M | 4.83M |
| Tangible Book Value Per Share | 0.51 | 0.84 | 1.00 | 0.12 | 0.04 | 0.03 |
| Buildings | 2.70M | 2.70M | ||||
| Machinery | 138.21M | 100.62M | 123.37M | 124.52M | 124.45M | 54.20K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -117.02M | -31.25M | 53.96M | 10.49M | 2.44M | 4.93M |
| Depreciation & Amortization | 20.67M | 28.03M | 24.73M | 24.50M | 18.16M | 2.86K |
| Loss (Gain) From Sale of Assets | 3.23M | 3.40M | 64.49K | |||
| Asset Writedown & Restructuring Costs | 25.40M | 25.40M | 8.08M | 11.85M | ||
| Loss (Gain) on Equity Investments | -137.00K | -177.00K | ||||
| Stock-Based Compensation | 1.45M | 588.00K | 26.07M | |||
| Provision & Write-off of Bad Debts | 1.15M | 981.00K | 100.00K | 608.00K | ||
| Other Operating Activities | -25.18M | -165.87M | -271.77M | -190.21M | -91.83M | -3.79M |
| Change in Inventory | 102.00K | 102.00K | -142.00K | |||
| Change in Accounts Payable | -12.06M | -297.00K | 1.37M | 775.00K | 25.00K | |
| Change in Unearned Revenue | -8.07M | 10.95M | ||||
| Change in Income Taxes | -1.73M | -437.00K | -3.00K | -2.89M | 4.09M | 1.03M |
| Change in Other Net Operating Assets | 14.80M | 26.61M | -62.16M | -38.74M | 55.29M | 2.74M |
| Operating Cash Flow | -89.40M | -112.93M | -219.87M | -195.97M | -7.44M | 15.93M |
| Capital Expenditures | -3.85M | -9.06M | -37.00K | -68.00K | -3.85M | -54.20K |
| Sale of Property, Plant & Equipment | 673.00K | 673.00K | ||||
| Cash Acquisitions | 494.00K | -9.39M | ||||
| Sale (Purchase) of Intangibles | 71.10M | 108.14M | 167.97M | 176.96M | 60.53M | -2.56M |
| Investment in Securities | -1.29M | -521.00K | ||||
| Investing Cash Flow | 66.15M | 89.84M | 167.93M | 176.90M | 56.67M | -2.61M |
| Long-Term Debt Repaid | -7.00M | |||||
| Net Debt Issued (Repaid) | -7.00M | |||||
| Issuance of Common Stock | 5.38M | 5.74M | 75.19M | 1.56M | ||
| Repurchase of Common Stock | -2.00M | |||||
| Other Financing Activities | -10.14M | -2.35M | -1.67M | |||
| Financing Cash Flow | 5.38M | 5.74M | 65.05M | -9.35M | -2.11M | |
| Net Cash Flow | -17.87M | -17.35M | 13.11M | -28.43M | 47.12M | 13.31M |
| Free Cash Flow | -93.25M | -121.99M | -219.91M | -196.04M | -11.30M | 15.87M |
| Free Cash Flow Margin | -23.34% | -25.55% | -47.46% | -69.00% | -5.70% | 15.40% |
| Free Cash Flow Per Share | -0.56 | -0.72 | -1.33 | -1.31 | -0.08 | 0.11 |
| Levered Free Cash Flow | 103.57M | 80.35M | 49.12M | 143.44M | 138.00M | 9.28M |
| Unlevered Free Cash Flow | 107.35M | 85.70M | 53.08M | 146.90M | 139.58M | 9.28M |
| Cash Interest Paid | 6.51M | 6.61M | 1.20M | 3.66M | 1.64M | |
| Cash Income Tax Paid | 1.05M | 930.00K | 1.28M | 784.00K | ||
| Change in Working Capital | 1.04M | 25.98M | -60.94M | -40.86M | 51.33M | 14.72M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 166.05M | 433.31M | 806.37M | 1.72B | 1.59B | |
| Enterprise Value | 241.62M | 542.46M | 870.10M | 1.80B | 1.67B | |
| Last Close Price | 1.00 | 2.64 | 4.95 | 10.91 | 10.10 | 9.76 |
| PE Ratio | 14.94 | 164.14 | 653.04 | |||
| Forward PE | 9.96 | 9.90 | 20.62 | |||
| PS Ratio | 0.42 | 0.91 | 1.74 | 6.06 | 8.05 | |
| PB Ratio | 1.85 | 2.90 | 4.96 | 99.38 | 233.18 | |
| P/TBV Ratio | 1.94 | 3.10 | 4.96 | 99.38 | 233.18 | |
| EV/Sales Ratio | 0.60 | 1.14 | 1.88 | 6.33 | 8.42 | |
| EV/EBITDA Ratio | 19.62 | 13.39 | 53.97 | 60.26 | 35.13 | |
| EV/EBIT Ratio | 43.20 | 337.44 | 56.85 | |||
| Debt / Equity Ratio | 1.05 | 0.73 | 0.84 | 5.91 | 16.00 | |
| Debt / EBITDA Ratio | 8.05 | 2.71 | 8.45 | 3.43 | 2.30 | |
| Net Debt / Equity Ratio | 0.80 | 0.55 | 0.60 | 4.06 | 7.17 | -2.75 |
| Net Debt / EBITDA Ratio | 6.14 | 2.01 | 6.08 | 2.36 | 1.03 | -2.41 |
| Net Debt / FCF Ratio | -0.81 | -0.67 | -0.45 | -0.36 | -4.34 | -0.84 |
| Asset Turnover | 1.10 | 1.30 | 1.58 | 1.39 | 1.26 | 1.75 |
| Inventory Turnover | 2,151.25 | |||||
| Quick Ratio | 1.98 | 1.47 | 1.58 | 0.41 | 0.81 | 0.23 |
| Current Ratio | 4.21 | 3.29 | 4.15 | 1.40 | 1.07 | 1.04 |
| Return on Equity (ROE) | -78.83% | -19.96% | 60.03% | 86.83% | 41.84% | 207.78% |
| Return on Assets (ROA) | -1.41% | 2.14% | -1.83% | 1.63% | 11.67% | 5.88% |
| Return on Invested Capital (ROIC) | -4.59% | 5.11% | -4.33% | 6.14% | 52.60% | |
| Return on Capital Employed (ROCE) | -4.00% | 4.80% | -2.70% | 4.30% | 25.30% | 114.40% |
| Earnings Yield | -70.69% | -7.21% | 6.69% | 0.61% | 0.15% | |
| FCF Yield | -56.16% | -28.15% | -27.27% | -11.38% | -0.71% | |
| Buyback Yield / Dilution | 1.19% | -2.53% | -10.33% | -0.41% | -4.83% | 9.75% |