What is Fuse Group's earnings per share (EPS)?

Fuse Group (FUST) reported diluted earnings per share of -$0.02 for fiscal year 2025. 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.

Fuse Group (FUST) Financials

FUST

FY2025 annual

Revenue $46K -86.2% YoY

Net Income Not reported for FY2025

EPS (Diluted) -$0.02 YoY not available

Gross Profit $46K -86.2% YoY

Market Cap $1.7M as of Aug 27, 2026

Price / Sales 37.5x on $46K revenue, FY2025

Price / Earnings n/m no net income reported

Price / Book n/m negative shareholder equity, so no book multiple, Q3 FY2026

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 Aug 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FUST SEC filings page.

Fuse Group (FUST) reported $46K in revenue for fiscal year 2025, down 86.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 FUST FY2025 2026-08-29

Shrinking activity is colliding with balance-sheet strain, as obligations expand while current assets contract and financing replaces operating support.

Between FY2024 and FY2025, revenue fell -86.2% while total liabilities rose 92.4%, indicating the balance sheet worsened even as the operating base contracted. Total assets then fell -59.4%, and the current ratio reached 0.1x, showing short-term obligations became much heavier relative to reported current resources.

In FY2024, reported gross profit of $332K matched revenue, yet SG&A reached $346K; the resulting -10.1% operating margin indicates overhead, rather than reported direct costs, absorbed the gross profit. This is a cost-structure constraint: even before considering financing, the business was not covering its operating expenses.

FY2024 paired operating cash flow of -$60K with financing cash flow of $101K, so reported cash movement depended more on financing than on operations. Negative equity was already present in FY2024 and deepened by FY2025, meaning liabilities are not supported by a positive book capital base and leverage ratios require careful interpretation.

Financial Health Signals

Financial health score not available

Fuse Group 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

1/5

Fuse Group passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Key Financial Metrics

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Earnings & Revenue

Revenue

YoY-100.0%

Fuse Group generated $0 in revenue in Q3 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

EBITDA

-$23K

YoY+67.4%

QoQ+55.5%

Fuse Group's EBITDA was -$23K in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 67.4% from the same quarter a year earlier. Against the prior quarter it is up 55.5%.

Net Income

-$24K

YoY+67.3%

QoQ+58.9%

Fuse Group reported -$24K in net income in Q3 2026. This represents an increase of 67.3% from the same quarter a year earlier. Against the prior quarter it is up 58.9%.

EPS (Diluted)

$0.00

YoY+100.0%

Fuse Group earned $0.00 per diluted share (EPS) in Q3 2026. This represents an increase of 100.0% from the same quarter a year earlier.

Cash & Balance Sheet

Cash & Debt

$18K

YoY+112.9%

QoQ+51.5%

5Y CAGR-32.4%

10Y CAGR-4.3%

Fuse Group held $18K in cash as of Q3 2026; long-term debt is not reported for that period.

Shares Outstanding

17M

YoY+29.5%

QoQ0.0%

5Y CAGR-26.3%

10Y CAGR+6.7%

Fuse Group had 17M shares outstanding in Q3 2026. This represents an increase of 29.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

None of these metrics is reported for Q3 2026.

Capital Allocation

None of these metrics is reported for Q3 2026.

FUST 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.

FUST quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	N/A	$46K-86.2%	$332K	$0-100.0%	$200K-71.4%	$700K-6.7%	$750K-38.3%	$1.2M	$0	$0-100.0%	$25K-12.0%	$29K
Cost of Revenue	N/A	$0	$0	$0-100.0%	$10K-87.6%	$81K-59.8%	$201K-27.4%	$277K	$0	$0-100.0%	$7K-19.1%	$9K
Gross Profit	N/A	$46K-86.2%	$332K	$0-100.0%	$190K-69.3%	$619K+12.8%	$549K-41.6%	$939K	$0	$0-100.0%	$18K-8.9%	$20K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.5M	$0	N/A	N/A
SG&A Expenses	N/A	N/A	$346K	N/A	$551K-9.0%	$606K+15.8%	$523K+16.1%	$450K-28.8%	$633K-26.6%	$861K+1305.4%	$61K	N/A
Operating Income	N/A	N/A	-$33K	N/A	-$434K+59.3%	-$1.1M-2252.1%	-$45K+41.7%	-$78K+98.1%	-$4.1M-170.0%	-$1.5M-3421.8%	-$43K	N/A
EBITDA	N/A	N/A	-$33K	N/A	-$432K+59.4%	-$1.1M-2366.5%	-$43K+42.9%	-$76K+98.2%	-$4.1M-170.1%	-$1.5M-3523.5%	-$42K	N/A
Interest Expense	N/A	$3K-32.6%	$5K-70.5%	$17K+103.4%	$8K+109.7%	$4K+308.6%	$992	$0-100.0%	$157K-3.2%	$163K	$0	N/A
Income Tax	N/A	$2K0.0%	$2K0.0%	$2K0.0%	$2K0.0%	$2K-40.0%	$4K+400.0%	$8000.0%	$800	$0	$0	N/A
Net Income	N/A	N/A	-$40K	N/A	-$444K+56.6%	-$1.0M-1891.6%	-$51K+35.5%	-$80K+98.1%	-$4.2M-170.9%	-$1.6M-3511.1%	-$43K-836.4%	-$5K
EPS (Basic)	N/A	-$0.02	$0.00+100.0%	-$0.04	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	$0.00	-$0.02	$0.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	13M+0.1%	13M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$0-100.0%	$0	$8K-61.5%	N/A	$26K-68.4%	$0-100.0%	$20K-0.3%	$130K
Cost of Revenue	$0	$0	$0	N/A	$0	$0	$0	$0
Gross Profit	$0-100.0%	$0	$8K-61.5%	N/A	$26K-68.4%	$0-100.0%	$20K-0.3%	$130K
SG&A Expenses	$23K-76.0%	$53K-35.1%	$39K-41.9%	N/A	$98K+51.8%	$81K-26.6%	$67K+4.5%	$107K
Operating Income	-$23K+67.4%	-$53K+35.1%	-$31K+33.5%	N/A	-$72K-500.5%	-$81K-439.2%	-$47K+21.1%	$23K
EBITDA	-$23K+67.4%	-$53K+35.1%	-$31K+33.5%	N/A	-$72K-500.5%	-$81K-439.2%	-$47K+20.5%	$23K
Interest Expense	$523-62.1%	$3K	$1K+42.2%	N/A	$1K+20.5%	$0-100.0%	$947-29.8%	$952
Income Tax	$0	$2K	$0-100.0%	N/A	$0	$0	$2K0.0%	$0
Net Income	-$24K+67.3%	-$58K+28.2%	-$32K+35.3%	N/A	-$73K-523.5%	-$81K-385.7%	-$50K+20.5%	$22K
EPS (Basic)	$0.00+100.0%	$0.00+100.0%	$0.00	$0.00	-$0.01	-$0.01	$0.00	$0.00+100.0%
EPS (Diluted)	$0.00+100.0%	$0.00+100.0%	$0.00	$0.00	-$0.01	-$0.01	$0.00	N/A
Diluted Shares (Avg)	17M+29.5%	14M+3.9%	13M0.0%	N/A	13M	13M	13M	N/A

Not reported in any period shown, so not listed: R&D Expenses.

FUST Balance Sheet

FUST quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$35K-59.4%	$85K+18.2%	$72K-32.0%	$106K-35.7%	$165K-86.7%	$1.2M+11.6%	$1.1M-6.6%	$1.2M-77.8%	$5.4M+28161.9%	$19K+9.6%	$17K
Current Assets	$35K-59.4%	$85K+117.5%	$39K-12.8%	$45K-71.6%	$158K-22.5%	$204K+99.9%	$102K-42.8%	$179K-96.7%	$5.3M+31906.3%	$17K+21.2%	$14K
Cash & Equivalents	$21K-68.7%	$68K+154.3%	$27K-19.4%	$33K-75.6%	$136K-30.3%	$194K+90.3%	$102K-1.1%	$103K-75.3%	$419K+5032.8%	$8K-39.9%	$14K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$0	$0	$0	$0	$0	$0	$0	$0	N/A	$0	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$485K+92.4%	$252K+0.9%	$250K-52.5%	$526K+274.9%	$140K-26.6%	$191K+1690.2%	$11K+10.8%	$10K-99.9%	$6.9M+19472.9%	$35K+37.0%	$26K
Current Liabilities	$320K+109.6%	$153K+64.0%	$93K+147.9%	$38K+10.8%	$34K-58.0%	$81K+657.3%	$11K+10.8%	$10K-99.9%	$6.9M+19472.9%	$35K+37.0%	$26K
Non-Current Liabilities	$165K+65.9%	$99K-36.6%	$157K-67.9%	$488K+359.2%	$106K-3.6%	$110K	$0	$0	$0	$0	$0
Long-Term Debt	$97K-3.7%	$101K-2.4%	$104K-2.5%	$106K-2.4%	$109K-30.2%	$156K	N/A	N/A	N/A	N/A	N/A
Total Equity	-$451K-170.1%	-$167K+6.2%	-$178K+57.6%	-$420K-1794.5%	$25K-97.6%	$1.0M-4.7%	$1.1M-6.8%	$1.2M+177.5%	-$1.5M-9301.2%	-$16K-93.9%	-$8K
Retained Earnings	-$8.2M-3.6%	-$7.9M-0.5%	-$7.9M-6.4%	-$7.4M-6.4%	-$7.0M-17.2%	-$6.0M-0.9%	-$5.9M-1.4%	-$5.8M-261.3%	-$1.6M-2733.4%	-$57K-311.4%	-$14K

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$36K+38.6%	$17K-62.8%	$30K+6.6%	$35K-59.4%	$26K-63.6%	$47K-25.0%	$28K-69.1%	$85K+18.2%
Current Assets	$36K+38.6%	$17K-62.8%	$30K+6.6%	$35K-59.4%	$26K-56.3%	$47K+7.6%	$28K-56.9%	$85K+117.5%
Cash & Equivalents	$18K+112.9%	$12K-71.3%	$20K+8.8%	$21K-68.7%	$8K-80.2%	$41K+8.1%	$19K-66.6%	$68K+154.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$326K-17.9%	$284K-17.7%	$513K+109.3%	$485K+92.4%	$397K+52.7%	$345K+7.8%	$245K-26.1%	$252K+0.9%
Current Liabilities	$326K+40.6%	$254K+20.4%	$350K+139.3%	$320K+109.6%	$232K+44.8%	$211K+24.6%	$146K-19.0%	$153K+64.0%
Non-Current Liabilities	$0-100.0%	$30K-77.6%	$163K+64.8%	$165K+65.9%	$165K+65.4%	$134K-11.0%	$99K-34.7%	$99K-36.6%
Long-Term Debt	N/A	N/A	$95K-5.3%	$97K-3.7%	$98K-3.7%	$99K-3.6%	$101K-2.5%	$101K-2.4%
Total Equity	-$290K+21.9%	-$266K+10.7%	-$483K-122.6%	-$451K-170.1%	-$371K-96.5%	-$298K-15.8%	-$217K+9.9%	-$167K+6.2%
Retained Earnings	-$8.3M-2.4%	-$8.3M-3.0%	-$8.3M-3.3%	-$8.2M-3.6%	-$8.2M-2.3%	-$8.1M-1.2%	-$8.0M-0.3%	-$7.9M-0.5%

Not reported in any period shown, so not listed: Inventory, Goodwill.

FUST Cash Flow Statement

FUST quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	-$200K	N/A	-$60K	N/A	-$450K-669.7%	-$58K+7.0%	-$63K-5321.5%	-$1K+100.0%	-$4.2M-68.3%	-$2.5M-6087.5%	-$41K-452.7%	$12K
Depreciation & Amortization	N/A	N/A	$455-75.0%	$2K-4.9%	$2K-12.6%	$2K0.0%	$2K0.0%	$2K0.0%	$2K+19.6%	$2K+45.2%	$1K+47.1%	$858
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$15K	$0-100.0%	-$4K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$4.2M-67.4%	-$2.5M-6123.3%	-$41K-668.1%	$7K
Investing Cash Flow	$0	$0	$0	N/A	N/A	N/A	N/A	N/A	$3.9M+199.6%	-$3.9M	$0+100.0%	-$4K
Financing Cash Flow	$209K	N/A	$101K	N/A	$347K+66259.4%	-$525-100.3%	$155K	$0-100.0%	$3.9M-42.9%	$6.9M+19361.2%	$35K+541.8%	$6K

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	-$36K+56.2%	-$56K+25.5%	-$24K+51.2%	-$84K-426.0%	-$82K-1750.9%	-$76K-329.7%	-$48K+34.1%	$26K+131.8%
Depreciation & Amortization	$0	$0	$0	N/A	$0	$0	$0-100.0%	$0-100.0%
Investing Cash Flow	$0	$0	$0	$0	$0	$0	$0	N/A
Financing Cash Flow	$42K-14.9%	$48K-51.3%	$23K+3915.1%	$97K+16412.5%	$49K+8513.3%	$98K+12752.7%	-$598-100.6%	-$593-100.7%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

FUST 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.

FUST quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Gross Margin	100.0%0.0pp	100.0%	N/A	95.0%+6.6pp	88.4%+15.3pp	73.1%-4.0pp	77.2%	N/A	N/A	72.1%+2.4pp	69.6%
Operating Margin	N/A	-10.1%	N/A	-216.8%	-152.3%	-6.0%+0.3pp	-6.4%	N/A	N/A	-171.4%	N/A
Net Margin	N/A	-12.2%	N/A	-222.3%	-146.3%	-6.9%-0.3pp	-6.6%	N/A	N/A	-171.4%	-16.1%
Return on Equity	N/A	N/A	N/A	N/A	-4133.7%-4128.8pp	-4.9%+2.3pp	-7.2%+350.5pp	-357.7%	N/A	N/A	N/A
Return on Assets	N/A	-47.3%	N/A	-418.8%+201.6pp	-620.4%-616.3pp	-4.2%+3.0pp	-7.2%+347.6pp	-354.8%-325.7pp	-29.1%+198.5pp	-227.6%-201.0pp	-26.6%
Current Ratio	0.11-0.5x	0.56+0.1x	0.42-0.8x	1.20-3.5x	4.67+2.1x	2.53-7.0x	9.57-9.0x	18.54+17.8x	0.78+0.3x	0.48-0.1x	0.54
Debt-to-Equity	N/A	N/A	N/A	N/A	4.40+4.3x	0.15+0.1x	0.010.0x	0.01	N/A	N/A	N/A
Asset Turnover	1.32-2.6x	3.89+3.9x	0.00-1.9x	1.88-2.4x	4.24+3.6x	0.60-0.5x	1.09+1.1x	0.000.0x	0.00-1.3x	1.33-0.3x	1.65
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-161.7%	25.1%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	N/A	N/A	100.0%0.0pp	N/A	100.0%0.0pp	N/A	100.0%0.0pp	100.0%
Operating Margin	N/A	N/A	-405.4%	N/A	-276.2%	N/A	-235.0%	17.8%
Net Margin	N/A	N/A	-422.9%	N/A	-281.5%	N/A	-251.8%	17.1%
Return on Assets	-66.7%+215.9pp	-336.6%-161.9pp	-108.4%+70.1pp	N/A	-282.6%-306.9pp	-174.6%-147.7pp	-178.4%-109.1pp	26.0%
Current Ratio	0.110.0x	0.07-0.2x	0.09-0.1x	0.11-0.5x	0.11-0.3x	0.220.0x	0.19-0.2x	0.56+0.1x
Asset Turnover	0.00-1.0x	0.000.0x	0.26-0.5x	N/A	1.00-0.2x	0.00-1.6x	0.71+0.5x	1.52

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: Shareholder equity is negative (-$451K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.11), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where Fuse Group Ranks

Frequently Asked Questions

What is Fuse Group's annual revenue?

Fuse Group (FUST) reported $46K in total revenue for fiscal year 2025. This represents a -86.2% 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 Fuse Group's revenue growing?

Fuse Group (FUST) revenue declined by 86.2% year-over-year, from $332K to $46K in fiscal year 2025.

How much debt does Fuse Group have?

As of fiscal year 2025, Fuse Group (FUST) had $21K in cash and equivalents against $97K in long-term debt.

What is Fuse Group's gross margin?

Fuse Group (FUST) had a gross margin of 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What are Fuse Group's total assets?

Fuse Group (FUST) had $35K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Fuse Group have outstanding?

Fuse Group (FUST) had 13M shares outstanding as of fiscal year 2025.

What is Fuse Group's current ratio?

Fuse Group (FUST) had a current ratio of 0.11 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Fuse Group's P/E ratio?

Fuse Group (FUST) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $1.7M as of Aug 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Fuse Group's price-to-sales ratio?

Fuse Group (FUST) trades at 37.5x sales, its market capitalization divided by revenue of $46K revenue, FY2025. The market capitalization is $1.7M as of Aug 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is Fuse Group's debt-to-equity ratio negative or not reported?

Fuse Group (FUST) has negative shareholder equity of -$451K as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Fuse Group's Piotroski F-Score?

Fuse Group (FUST) has a Piotroski F-Score of 1 out of 5 computable signals; 4 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.