What is BITFUFU's earnings per share (EPS)?

BITFUFU (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 Financials

FUFUW

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows BITFUFU (FUFUW) financial statements, including the 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 FY2024 2026-04-22

Profit growth looks balance-sheet-led, with thin gross spreads and operating cash burn outweighing the appearance of earnings momentum.

By FY2024, net income reached $54.0M while operating cash flow was -$219.9M, showing that reported earnings were not turning into operating cash. That gap sits alongside a current ratio of 4.2x and debt-to-equity of 0.6x, which implies liquidity improved mainly through balance-sheet changes rather than cash generated by the business.

The gross margin stayed thin at 6.4% in FY2024, yet operating margin was reported at 14.3%. When operating profitability sits above the gross spread, the earnings story is being shaped by items below cost of revenue rather than by a naturally high-markup core business.

The balance sheet looks less debt-stretched because equity rose to $162.5M while long-term debt stayed near $101.3M. That combination, plus a stronger liquidity cushion, means short-term flexibility improved even though the business itself was still consuming cash.

Financial Health Signals

Financial health score pending refresh

We are recalculating BITFUFU's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

1/8

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.

Earnings Quality Low Quality

3.61x

For every $1 of reported earnings, BITFUFU generates $3.61 in operating cash flow (-$112.9M OCF vs -$31.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-2.8x

BITFUFU earns $-2.8 in operating income for every $1 of interest expense (-$23.8M vs $8.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$477.5M

YoY+3.1%

BITFUFU generated $477.5M in revenue in fiscal year 2025. This represents an increase of 3.1% from the prior year.

EBITDA

$4.2M

YoY-95.4%

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.

Net Income

-$31.3M

YoY-157.9%

BITFUFU reported -$31.3M in net income in fiscal year 2025. This represents a decrease of 157.9% from the prior year.

EPS (Diluted)

$-0.18

YoY-154.5%

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

Free Cash Flow

N/A

Cash & Debt

$27.8M

YoY-27.3%

BITFUFU held $27.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

167M

YoY+2.2%

BITFUFU had 167M shares outstanding in fiscal year 2025. This represents an increase of 2.2% from the prior year.

Margins & Returns

Gross Margin

6.1%

YoY-0.4pp

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.

Operating Margin

-5.0%

YoY-19.3pp

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.

Net Margin

-6.5%

YoY-18.2pp

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.

Return on Equity

-20.9%

YoY-54.1pp

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

R&D Spending

$2.5M

YoY-54.6%

BITFUFU invested $2.5M in research and development in fiscal year 2025. This represents a decrease of 54.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

FUFUW Income Statement

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

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

FUFUW Balance Sheet

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

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Total Assets	$357.6M-23.5%	$467.6M+23.8%	$377.7M+28.8%	$293.2M+39.6%	$210.0M+5.9%	$198.3M
Current Assets	$324.5M+1.6%	$319.5M+20.5%	$265.3M+23.0%	$215.7M+77.8%	$121.3M+38.5%	$87.6M
Cash & Equivalents	$27.8M-30.7%	$40.1M+4.9%	$38.2M-21.0%	$48.3M+51.1%	$32.0M-47.0%	$60.4M
Inventory	$145K-29.3%	$205K-16.7%	$246K-56.9%	$571K	N/A	N/A
Accounts Receivable	$12.3M-34.9%	$18.9M+73.3%	$10.9M+318.0%	$2.6M-31.9%	$3.8M-38.8%	$6.3M
Goodwill	$4.2M-34.7%	$6.5M	N/A	N/A	N/A	N/A
Total Liabilities	$208.0M-21.6%	$265.2M+23.2%	$215.2M+22.7%	$175.4M-9.0%	$192.7M+0.6%	$191.5M
Current Liabilities	$98.5M-8.6%	$107.7M+68.6%	$63.9M+1.0%	$63.2M-26.8%	$86.4M+5.2%	$82.1M
Long-Term Debt	N/A	$101.3M0.0%	$101.3M	N/A	$102.4M-6.4%	$109.4M
Total Equity	$149.6M-26.1%	$202.4M+24.6%	$162.5M+37.9%	$117.8M+579.4%	$17.3M+153.5%	$6.8M
Retained Earnings	$46.9M-56.7%	$108.4M+38.7%	$78.2M+28.5%	$60.8M+242.4%	$17.8M+144.2%	$7.3M

FUFUW Cash Flow Statement

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
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	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
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$2.0M	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

FUFUW Financial Ratios

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	3.30-0.9	4.15+2.7	1.40+0.3	1.07	N/A
Debt-to-Equity	1.39+0.8	0.62-5.3	5.91-10.1	16.00	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	3.30+0.3	2.97-1.2	4.15+0.7	3.41+2.0	1.40+0.3	1.07
Debt-to-Equity	1.39+0.9	0.50-0.1	0.62-0.9	1.49-4.4	5.91-10.1	16.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is BITFUFU's annual revenue?

BITFUFU (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's revenue growing?

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

Is BITFUFU profitable?

No, BITFUFU (FUFUW) 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 (FUFUW) had EBITDA of $4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is BITFUFU's gross margin?

BITFUFU (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's operating margin?

BITFUFU (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's net profit margin?

BITFUFU (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's return on equity (ROE)?

BITFUFU (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's operating cash flow?

BITFUFU (FUFUW) generated -$112.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are BITFUFU's total assets?

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

How many shares does BITFUFU have outstanding?

BITFUFU (FUFUW) had 167M shares outstanding as of fiscal year 2025.

What is BITFUFU's current ratio?

BITFUFU (FUFUW) 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 (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's return on assets (ROA)?

BITFUFU (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's cash runway?

Based on fiscal year 2025 data, BITFUFU (FUFUW) 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 (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's earnings high quality?

BITFUFU (FUFUW) has an earnings quality ratio of 3.61x, considered low quality (accrual-driven). 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 (FUFUW) has an interest coverage ratio of -2.8x, meaning it can struggle to cover its interest obligations. 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.