What is BitFuFu Inc. Warrant's earnings per share (EPS)?

BitFuFu Inc. Warrant (FUFUW) reported diluted earnings per share of -$0.18 for fiscal year 2025. This represents a -154.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BitFuFu Inc. Warrant (FUFUW) Financials

FUFUW

FY2025 annual

Revenue $477.5M +3.1% YoY

Net Income -$31.3M -157.9% YoY

EPS (Diluted) -$0.18 -154.5% YoY

Operating Cash Flow -$112.9M +48.6% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 28, 2026 Currency USD FYE December

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 FUFUW SEC filings page.

BitFuFu Inc. Warrant (FUFUW) 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).

Rhea AI FUFUW FY2025 2026-10-04

Revenue is now largely flat, but profitability swung sharply negative as cash generation remained disconnected from reported earnings.

Revenue was nearly flat between FY2024 and FY2025, while gross margin stayed close to 6%. Yet operating margin moved from 14.3% to -5.0%, pointing to pressure below gross profit rather than a sales-volume collapse.

FY2024 net income of $54M coincided with operating cash flow of -$220M. Operating cash flow remained negative at -$113M in FY2025, so the earlier accounting profit did not translate into cash.

Debt-to-equity rose from 0.6x to 1.4x as equity shrank, indicating a more leveraged capital base even though reported liabilities were broadly stable. The current ratio also fell from 4.2x to 3.3x, leaving less short-term coverage.

Financial Health Signals

Financial health score not available

BitFuFu Inc. Warrant does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

1/8

BitFuFu Inc. Warrant 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.

Earnings Quality No Cash Backing

N/A

BitFuFu Inc. Warrant 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.

Interest Coverage At Risk

N/A

BitFuFu Inc. Warrant 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

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$27.8M

YoY-27.3%

QoQ-30.7%

BitFuFu Inc. Warrant held $27.8M in cash as of Q4 2025; long-term debt is not reported for that period.

Shares Outstanding

167M

YoY+2.2%

QoQ+1.5%

BitFuFu Inc. Warrant had 167M shares outstanding in Q4 2025. This represents an increase of 2.2% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

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.

FUFUW 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.

FUFUW quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K
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
EBITDA	$4.2M-95.4%	$90.9M+121.4%	$41.1M+86.2%	$22.1M-99.2%	$2.9B
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 (Basic)	-$0.19-155.9%	$0.34+385.7%	$0.07+250.0%	$0.02-33.3%	$0.03
EPS (Diluted)	-$0.18-154.5%	$0.33+371.4%	$0.07+250.0%	$0.02-33.3%	$0.03
Diluted Shares (Avg)	170M+2.5%	166M+10.3%	150M+0.4%	149M+4.8%	143M

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K

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).

FUFUW Balance Sheet

FUFUW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K
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
Short-Term Investments	$0	$0	$0	$0	$0
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
Long-Term Investments	$177K	$0	$0	$0	$0
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
Non-Current Liabilities	$109.5M-27.6%	$151.3M+42.3%	$106.3M-2.8%	$109.4M	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

Metric	Q4'2510-K	Q2'2510-Q	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

FUFUW Cash Flow Statement

FUFUW quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K
Operating Cash Flow	-$112.9M+48.6%	-$219.9M-12.2%	-$196.0M-2532.6%	-$7.4M-146.7%	$15.9M
Depreciation & Amortization	$28.0M+13.0%	$24.7M+0.9%	$24.5M+34.9%	$18.2M-99.4%	$2.9B
Stock-Based Compensation	$588K-97.7%	$26.1M	N/A	N/A	N/A
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

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K

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.

FUFUW 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.

FUFUW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K
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
Asset Turnover	1.34+0.1x	1.23-0.1x	1.35+0.4x	1.00	N/A

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K
Current Ratio	3.30-0.9x	2.97-0.4x	4.15+2.7x	3.41	1.40+0.3x	1.07
Debt-to-Equity	1.39+0.8x	0.50-1.0x	0.62-5.3x	1.49	5.91-10.1x	16.00

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.

Where BitFuFu Inc. Warrant Ranks

Frequently Asked Questions

What is BitFuFu Inc. Warrant's annual revenue?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant's revenue growing?

BitFuFu Inc. Warrant (FUFUW) revenue grew by 3.1% year-over-year, from $463.3M to $477.5M in fiscal year 2025.

Is BitFuFu Inc. Warrant profitable?

No, BitFuFu Inc. Warrant (FUFUW) reported a net income of -$31.3M in fiscal year 2025, with a net profit margin of -6.5%.

What is BitFuFu Inc. Warrant's EBITDA?

BitFuFu Inc. Warrant (FUFUW) had EBITDA of $4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is BitFuFu Inc. Warrant's gross margin?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant's operating margin?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant's net profit margin?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant's return on equity (ROE)?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant's operating cash flow?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant's total assets?

BitFuFu Inc. Warrant (FUFUW) had $357.6M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does BitFuFu Inc. Warrant spend on research and development?

BitFuFu Inc. Warrant (FUFUW) invested $2.5M in research and development during fiscal year 2025.

How many shares does BitFuFu Inc. Warrant have outstanding?

BitFuFu Inc. Warrant (FUFUW) had 167M shares outstanding as of fiscal year 2025.

What is BitFuFu Inc. Warrant's current ratio?

BitFuFu Inc. Warrant (FUFUW) had a current ratio of 3.30 as of fiscal year 2025, which is generally considered healthy.

What is BitFuFu Inc. Warrant's debt-to-equity ratio?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant's return on assets (ROA)?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant's Piotroski F-Score?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant's earnings high quality?

BitFuFu Inc. Warrant (FUFUW) 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. Warrant cover its interest payments?

BitFuFu Inc. Warrant (FUFUW) 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.