BITFUFU Financials
BITFUFU (FUFU) reported $477.5M in revenue for fiscal year 2025, up 3.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Reported earnings and actual cash generation moved in opposite directions, making balance-sheet turnover central to how this business operated.
Across FY2023-FY2025, cumulative net income was about$33M , which would normally help fund the business internally. Yet cumulative operating cash flow was-$529M , and repeated positive investing cash flow suggests liquidity was being replenished by asset rotation or investment withdrawals rather than earnings converting into cash.
The margin stack was unstable: in FY2024, operating margin of
Near-term obligations do not look immediately pressing because the current ratio ended FY2025 at 3.3x, but the cushion was not cash-rich. Cash was only
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of BITFUFU's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for BITFUFU, and counted as zero in the overall score.
Not available for BITFUFU, and counted as zero in the overall score.
BITFUFU passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
BITFUFU reported a net loss of $31.3M while operations used $112.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
BITFUFU reported an operating loss of $23.8M against $8.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
BITFUFU generated $477.5M in revenue in fiscal year 2025. This represents an increase of 3.1% from the prior year.
BITFUFU's EBITDA was $4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 95.4% from the prior year.
BITFUFU reported -$31.3M in net income in fiscal year 2025. This represents a decrease of 157.9% from the prior year.
BITFUFU earned -$0.18 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 154.5% from the prior year.
Cash & Balance Sheet
BITFUFU held $27.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
BITFUFU's gross margin was 6.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
BITFUFU's operating margin was -5.0% in fiscal year 2025, reflecting core business profitability. This is down 19.3 percentage points from the prior year.
BITFUFU's net profit margin was -6.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 18.2 percentage points from the prior year.
BITFUFU's ROE was -20.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 54.1 percentage points from the prior year.
Capital Allocation
BITFUFU invested $2.5M in research and development in fiscal year 2025. This represents a decrease of 54.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
FUFU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Revenue | $477.5M+3.1% | $463.3M+63.1% | $284.1M+43.3% | $198.2M+92.3% | $103.0M |
| Cost of Revenue | $448.6M+3.5% | $433.6M+59.8% | $271.4M+67.6% | $162.0M+72.3% | $94.0M |
| Gross Profit | $28.9M-2.7% | $29.7M+133.8% | $12.7M-64.9% | $36.2M+301.3% | $9.0M |
| R&D Expenses | $2.5M-54.6% | $5.6M+221.7% | $1.7M+11.3% | $1.6M+232.8% | $470K |
| SG&A Expenses | $9.1M-63.9% | $25.3M+586.3% | $3.7M+34.6% | $2.7M+92.5% | $1.4M |
| Operating Income | -$23.8M-135.9% | $66.2M+299.5% | $16.6M+324.9% | $3.9M-33.2% | $5.8M |
| Interest Expense | $8.6M+35.3% | $6.3M+14.3% | $5.5M+119.9% | $2.5M | N/A |
| Income Tax | $1.9M-75.5% | $7.7M+251.3% | $2.2M+427.8% | -$666K-163.8% | $1.0M |
| Net Income | -$31.3M-157.9% | $54.0M+414.2% | $10.5M+329.8% | $2.4M-50.4% | $4.9M |
| EPS (Diluted) | -$0.18-154.5% | $0.33+371.4% | $0.07+250.0% | $0.02-33.3% | $0.03 |
FUFU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $357.6M-5.3% | $377.7M+79.8% | $210.0M+5.9% | $198.3M | N/A |
| Current Assets | $324.5M+22.3% | $265.3M+118.7% | $121.3M+38.5% | $87.6M | N/A |
| Cash & Equivalents | $27.8M-27.3% | $38.2M+19.4% | $32.0M-47.0% | $60.4M+354.0% | $13.3M |
| Inventory | $145K-41.1% | $246K | N/A | N/A | N/A |
| Accounts Receivable | $12.3M+12.8% | $10.9M+184.7% | $3.8M-38.8% | $6.3M | N/A |
| Goodwill | $4.2M | N/A | N/A | N/A | N/A |
| Total Liabilities | $208.0M-3.4% | $215.2M+11.7% | $192.7M+0.6% | $191.5M | N/A |
| Current Liabilities | $98.5M+54.1% | $63.9M-26.0% | $86.4M+5.2% | $82.1M | N/A |
| Long-Term Debt | N/A | $101.3M-1.1% | $102.4M-6.4% | $109.4M | N/A |
| Total Equity | $149.6M-7.9% | $162.5M+837.2% | $17.3M+153.5% | $6.8M+41.5% | $4.8M |
| Retained Earnings | $46.9M-40.0% | $78.2M+339.9% | $17.8M+144.2% | $7.3M | N/A |
FUFU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$112.9M+48.6% | -$219.9M-12.2% | -$196.0M-2532.6% | -$7.4M-146.7% | $15.9M |
| Investing Cash Flow | $89.8M-46.5% | $167.9M-5.1% | $176.9M+212.1% | $56.7M+2267.7% | -$2.6M |
| Financing Cash Flow | $5.7M-91.2% | $65.0M+795.5% | -$9.4M-343.0% | -$2.1M | N/A |
| Share Buybacks | N/A | N/A | N/A | $2.0M | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
FUFU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Gross Margin | 6.1%-0.4pp | 6.4%+1.9pp | 4.5%-13.8pp | 18.3%+9.5pp | 8.8% |
| Operating Margin | -5.0%-19.3pp | 14.3%+8.5pp | 5.8%+3.9pp | 2.0%-3.7pp | 5.7% |
| Net Margin | -6.5%-18.2pp | 11.7%+8.0pp | 3.7%+2.5pp | 1.2%-3.6pp | 4.8% |
| Return on Equity | -20.9%-54.1pp | 33.2%-27.3pp | 60.6%+24.8pp | 35.7%-66.2pp | 101.9% |
| Return on Assets | -8.7%-23.0pp | 14.3%+9.3pp | 5.0%+3.8pp | 1.2% | N/A |
| Current Ratio | 3.30-0.9x | 4.15+2.7x | 1.40+0.3x | 1.07 | N/A |
| Debt-to-Equity | 1.39+0.8x | 0.62-5.3x | 5.91-10.1x | 16.00 | N/A |
Not reported in any period shown, so not listed: FCF Margin.
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Where BITFUFU Ranks
Frequently Asked Questions
What is BITFUFU's annual revenue?
BITFUFU (FUFU) reported $477.5M in total revenue for fiscal year 2025. This represents a 3.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is BITFUFU's revenue growing?
BITFUFU (FUFU) revenue grew by 3.1% year-over-year, from $463.3M to $477.5M in fiscal year 2025.
Is BITFUFU profitable?
No, BITFUFU (FUFU) reported a net income of -$31.3M in fiscal year 2025, with a net profit margin of -6.5%.
What is BITFUFU's EBITDA?
BITFUFU (FUFU) had EBITDA of $4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is BITFUFU's gross margin?
BITFUFU (FUFU) had a gross margin of 6.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is BITFUFU's operating margin?
BITFUFU (FUFU) had an operating margin of -5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is BITFUFU's net profit margin?
BITFUFU (FUFU) had a net profit margin of -6.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is BITFUFU's return on equity (ROE)?
BITFUFU (FUFU) has a return on equity of -20.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BITFUFU's operating cash flow?
BITFUFU (FUFU) recorded an outflow of $112.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are BITFUFU's total assets?
BITFUFU (FUFU) had $357.6M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does BITFUFU spend on research and development?
BITFUFU (FUFU) invested $2.5M in research and development during fiscal year 2025.
What is BITFUFU's current ratio?
BITFUFU (FUFU) had a current ratio of 3.30 as of fiscal year 2025, which is generally considered healthy.
What is BITFUFU's debt-to-equity ratio?
BITFUFU (FUFU) had a debt-to-equity ratio of 1.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BITFUFU's return on assets (ROA)?
BITFUFU (FUFU) had a return on assets of -8.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BITFUFU's cash runway?
Based on fiscal year 2025 data, BITFUFU (FUFU) had $27.8M in cash against an annual operating cash burn of $112.9M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is BITFUFU's Piotroski F-Score?
BITFUFU (FUFU) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are BITFUFU's earnings high quality?
BITFUFU (FUFU) reported a net loss of $31.3M while operations used $112.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can BITFUFU cover its interest payments?
BITFUFU (FUFU) reported an operating loss of $23.8M against $8.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is BITFUFU?
BITFUFU (FUFU) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.