BitFuFu Inc. (FUFU) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2025, filed Apr 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FUFU SEC filings page.
BitFuFu Inc. (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).
Revenue is nearly flat, but reported profitability and cash generation have weakened, leaving a more leveraged balance sheet.
The central mismatch is that operating cash flow remained negative, moving from-$219.9M in FY2024 to-$112.9M in FY2025, even as reported net margin swung from11.7% to-6.5% . Accounting earnings therefore did not translate into operating cash; the improvement was a smaller outflow, not positive cash generation.
The near-flat revenue base was accompanied by gross margin slipping from
FY2025 investing cash inflow of
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 Inc.'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.
BitFuFu Inc. earned a return on assets of -8.7% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 14.3% the prior year. Earnings ranks banks on that return over three years, and BitFuFu Inc. scores 54/100 among other banks.
BitFuFu Inc. reported revenue of $477.5M in fiscal year 2025, against $463.3M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and BitFuFu Inc. scores 86/100 among other banks.
BitFuFu Inc. funded 41.8% of its assets with shareholders' equity at the end of fiscal year 2025, holding $149.6M of equity against $357.6M of assets. Capital ranks banks on that cushion, and BitFuFu Inc. scores 91/100 among other banks.
Not available for BitFuFu Inc., and counted as zero in the overall score.
Not available for BitFuFu Inc., and counted as zero in the overall score.
BitFuFu Inc. reported a net loss of $31.3M in fiscal year 2025, against $54.0M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and BitFuFu Inc. scores 5/100 among other banks.
BitFuFu Inc. 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 Inc. 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 Inc. 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
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
BitFuFu Inc. held $27.8M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
FUFU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q2'256-K | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q4'2210-K |
|---|---|---|---|---|---|---|
| Total Assets | $357.6M-5.3% | $467.6M+59.5% | $377.7M+79.8% | $293.2M | $210.0M+5.9% | $198.3M |
| Current Assets | $324.5M+22.3% | $319.5M+48.2% | $265.3M+118.7% | $215.7M | $121.3M+38.5% | $87.6M |
| Cash & Equivalents | $27.8M-27.3% | $40.1M-17.1% | $38.2M+19.4% | $48.3M | $32.0M-47.0% | $60.4M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $145K-41.1% | $205K-64.1% | $246K | $571K | N/A | N/A |
| Accounts Receivable | $12.3M+12.8% | $18.9M+624.3% | $10.9M+184.7% | $2.6M | $3.8M-38.8% | $6.3M |
| Long-Term Investments | $177K | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $4.2M | $6.5M | N/A | N/A | N/A | N/A |
| Total Liabilities | $208.0M-3.4% | $265.2M+51.2% | $215.2M+11.7% | $175.4M | $192.7M+0.6% | $191.5M |
| Current Liabilities | $98.5M+54.1% | $107.7M+70.4% | $63.9M-26.0% | $63.2M | $86.4M+5.2% | $82.1M |
| Non-Current Liabilities | $109.5M-27.6% | $157.5M+40.4% | $151.3M+42.3% | $112.2M | $106.3M-2.8% | $109.4M |
| Long-Term Debt | N/A | $101.3M | $101.3M-1.1% | N/A | $102.4M-6.4% | $109.4M |
| Total Equity | $149.6M-7.9% | $202.4M+71.8% | $162.5M+837.2% | $117.8M | $17.3M+153.5% | $6.8M |
| Retained Earnings | $46.9M-40.0% | $108.4M+78.2% | $78.2M+339.9% | $60.8M | $17.8M+144.2% | $7.3M |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
FUFU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| BitFuFu Inc. FUFU | FY2025 | $477.5M | -$31.3M | -6.5% | $233.4M | 39/100 |
| HIVE Digital Technologies Ltd. HIVE | FY2026 | $297.8M | -$148.4M | -49.9% | $816.0M | 35/100 |
| Oppenheimer Holdings, Inc. OPY | FY2025 | $1.6B | $148.4M | 9.1% | $1.3B | 47/100 |
| A-Mark Precious Metals, Inc. AMRK | FY2025 | $11.0B | $17.3M | 0.2% | $720.8M | 45/100 |
| Solowin Holdings SWIN | FY2025 | $30K | -$8.5M | N/A | $614.0M | — |
Where BitFuFu Inc. Ranks
Frequently Asked Questions
What is BitFuFu Inc.'s annual revenue?
BitFuFu Inc. (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 Inc.'s revenue growing?
BitFuFu Inc. (FUFU) revenue grew by 3.1% year-over-year, from $463.3M to $477.5M in fiscal year 2025.
Is BitFuFu Inc. profitable?
No, BitFuFu Inc. (FUFU) reported a net income of -$31.3M in fiscal year 2025, with a net profit margin of -6.5%.
What is BitFuFu Inc.'s EBITDA?
BitFuFu Inc. (FUFU) had EBITDA of $4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is BitFuFu Inc.'s gross margin?
BitFuFu Inc. (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 Inc.'s operating margin?
BitFuFu Inc. (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 Inc.'s net profit margin?
BitFuFu Inc. (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 Inc.'s return on equity (ROE)?
BitFuFu Inc. (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 Inc.'s operating cash flow?
BitFuFu Inc. (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 Inc.'s total assets?
BitFuFu Inc. (FUFU) had $357.6M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does BitFuFu Inc. spend on research and development?
BitFuFu Inc. (FUFU) invested $2.5M in research and development during fiscal year 2025.
What is BitFuFu Inc.'s current ratio?
BitFuFu Inc. (FUFU) had a current ratio of 3.30 as of fiscal year 2025, which is generally considered healthy.
What is BitFuFu Inc.'s debt-to-equity ratio?
BitFuFu Inc. (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 Inc.'s return on assets (ROA)?
BitFuFu Inc. (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 Inc.'s P/E ratio?
BitFuFu Inc. (FUFU) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $233.4M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BitFuFu Inc.'s price-to-sales ratio?
BitFuFu Inc. (FUFU) trades at 0.5x sales, its market capitalization divided by revenue of $477.5M revenue, FY2025. The market capitalization is $233.4M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BitFuFu Inc.'s Piotroski F-Score?
BitFuFu Inc. (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 Inc.'s earnings high quality?
BitFuFu Inc. (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 Inc. cover its interest payments?
BitFuFu Inc. (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 Inc.?
BitFuFu Inc. (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.