FUSE

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Fusemachines Inc.

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Key Metrics

Previous Close: $0.82
52-Week Range: $0.75 – $25.00
Market Cap: $22.61M
P/E (TTM): —
EPS (TTM): -0.02
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: —
Return on Assets: —
Gross Margin: 53.01%
Operating Margin: -149.94%
Profit Margin: -8.24%
Current Ratio: 0.11
Debt/Equity: —
Total Debt: $1.18M
Free Cash Flow: —
Revenue Growth: -11.80%
Earnings Growth: —
Enterprise Value: $24.61M

FUSE Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$6.88M	$7.44M	$8.81M	$7.71M
Cost of Revenue	$2.12M	$3.20M	$3.98M	$3.41M
Gross Profit	$4.76M	$4.24M	$4.83M	$4.31M
Research & Development	$275.00K	$604.00K	$732.00K	$720.00K
Selling, General & Admin	$5.18M	$8.92M	$12.30M	$9.54M
Operating Expenses	$5.46M	$9.52M	$13.03M	$10.26M
Operating Income	-$696.00K	-$5.29M	-$8.19M	-$5.95M
EBITDA	-$402.00K	-$6.05M	-$14.83M	-$380.00K
Pretax Income	-$728.00K	-$6.75M	-$15.35M	-$925.00K
Income Tax	$23.00K	$11.00K	$31.00K	$3.00K
Net Income	-$751.00K	-$6.76M	-$15.38M	-$928.00K
Diluted EPS	-0.03	-0.26	-0.58	-0.08
Diluted Shares	26.50M	26.50M	26.50M	11.53M

FUSE Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$903.00K	$266.00K	$500.00K	$4.22M
Receivables	$1.04M	$1.27M	$1.66M	$1.40M
Current Assets	$1.97M	$1.79M	$4.12M	$6.25M
Total Assets	$3.36M	$3.35M	$5.55M	$7.54M
Current Liabilities	$1.96M	$3.43M	$20.31M	$20.05M
Long-Term Debt	$3.33M	$6.03M	$6.72M	—
Total Debt	$4.80M	$7.28M	$17.62M	$1.48M
Total Liabilities	$7.23M	$11.82M	$29.85M	$22.11M
Retained Earnings	-$12.07M	-$18.83M	-$34.22M	-$35.15M
Shareholders' Equity	-$3.88M	-$8.47M	-$24.30M	-$14.58M
Working Capital	$9.00K	-$1.64M	-$16.18M	-$13.79M
Net Debt	$2.82M	$5.95M	$16.16M	—

FUSE Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$589.00K	-$2.47M	-$2.20M	-$5.53M
Capital Expenditure	-$221.00K	-$294.00K	-$159.00K	-$165.00K
Free Cash Flow	-$810.00K	-$2.77M	-$2.36M	-$5.69M
Depreciation & Amortisation	$168.00K	$253.00K	$289.00K	$277.00K
Stock-Based Compensation	$0.00	$2.15M	$1.07M	$231.00K
Investing Cash Flow	-$221.00K	-$294.00K	-$176.00K	-$165.00K
Financing Cash Flow	$1.08M	$2.14M	$2.61M	$9.42M
Share Repurchases	—	$0.00	-$2.00M	$0.00
Net Change in Cash	$272.00K	-$630.00K	$235.00K	$3.72M

FUSE Income statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q1 2026
Revenue	$2.17M	$1.95M	$1.88M
Cost of Revenue	$947.00K	$864.00K	$931.00K
Gross Profit	$1.22M	$1.09M	$948.00K
Research & Development	$136.00K	$165.00K	$298.00K
Selling, General & Admin	$2.44M	$2.24M	$3.69M
Operating Expenses	$2.57M	$2.41M	$3.98M
Operating Income	-$1.35M	-$1.32M	-$3.04M
EBITDA	-$3.15M	-$121.00K	-$736.00K
Pretax Income	-$3.30M	-$253.00K	-$868.00K
Income Tax	-$41.00K	$0.00	$4.00K
Net Income	-$3.26M	-$253.00K	-$872.00K
Diluted EPS	—	-0.01	-0.03
Diluted Shares	—	26.50M	28.94M

FUSE Balance Sheet statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q1 2026
Cash & Equivalents	$500.00K	$429.00K	$1.77M
Receivables	$1.66M	$1.47M	$1.31M
Current Assets	$4.12M	$3.63M	$3.74M
Total Assets	$5.55M	$5.02M	$4.94M
Current Liabilities	$20.31M	$25.77M	$18.13M
Long-Term Debt	$6.72M	$505.00K	—
Total Debt	$17.62M	$16.24M	$1.24M
Total Liabilities	$29.85M	$29.12M	$19.98M
Retained Earnings	-$34.22M	-$34.47M	-$36.10M
Shareholders' Equity	-$24.30M	-$24.10M	-$15.03M
Working Capital	-$16.18M	-$22.13M	-$14.39M
Net Debt	$16.16M	$14.87M	—

FUSE Cash Flow statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q1 2026
Operating Cash Flow	$305.00K	-$229.00K	-$2.22M
Capital Expenditure	-$1.00K	-$24.00K	-$56.00K
Free Cash Flow	$304.00K	-$253.00K	-$2.28M
Depreciation & Amortisation	$75.00K	$66.00K	$78.00K
Stock-Based Compensation	-$104.00K	$65.00K	$406.00K
Investing Cash Flow	-$18.00K	-$24.00K	-$56.00K
Financing Cash Flow	$47.00K	$180.00K	-$174.00K
Share Repurchases	$0.00	$0.00	—
Net Change in Cash	$334.00K	-$73.00K	-$2.45M

Market Snapshot

About

Fusemachines Inc. is an artificial intelligence company that provides AI education, talent development, and AI deployment services to enterprises. The company operates an AI talent pipeline combining education programs with workforce placement, training individuals in machine learning and data science skills. Fusemachines also offers AI consulting and implementation services to help organizations adopt and deploy artificial intelligence solutions. The company was founded with a mission to democratize AI education and bridge the global AI skills gap.