Fuse Group Financials
This page shows Fuse Group (FUST) financial statements, including the 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).
Fuse Group’s economics are driven less by selling output than by covering corporate overhead and short-term obligations.
Long-term debt stayed roughly flat near$100K from FY2022 through FY2025, while current liabilities expanded to$320K . That shift pushed the current ratio from 1.2x to 0.1x, so the balance sheet looks more constrained by near-term payment pressure than by new long-term borrowing.
The reported
FY2024 showed cleaner earnings quality: the net loss of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Fuse Group'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.
Fuse Group has elevated debt relative to equity (D/E of -0.22), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 12/100, reflecting increased financial risk.
Fuse Group's current ratio of 0.11 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Fuse Group passes 0 of 9 financial strength tests. no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Key Financial Metrics
Earnings & Revenue
Fuse Group generated $46K in revenue in fiscal year 2025. This represents a decrease of 86.2% from the prior year.
Cash & Balance Sheet
Fuse Group held $21K in cash against $97K in long-term debt as of fiscal year 2025.
Fuse Group had 13M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Fuse Group's gross margin was 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.
Capital Allocation
FUST Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0-100.0% | $8K | N/A | $26K | $0-100.0% | $20K-84.6% | $130K+57.7% | $82K |
| Cost of Revenue | $0 | $0 | N/A | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $0-100.0% | $8K | N/A | $26K | $0-100.0% | $20K-84.6% | $130K+57.7% | $82K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $53K+35.6% | $39K | N/A | $98K+20.4% | $81K+21.6% | $67K-37.4% | $107K+65.6% | $64K |
| Operating Income | -$53K-69.1% | -$31K | N/A | -$72K+11.6% | -$81K-73.3% | -$47K-302.2% | $23K+29.2% | $18K |
| Interest Expense | $3K+139.3% | $1K | N/A | $1K | $0-100.0% | $947-0.5% | $952-16.8% | $1K |
| Income Tax | $2K | $0 | N/A | $0 | $0-100.0% | $2K | $0 | $0 |
| Net Income | -$58K-79.4% | -$32K | N/A | -$73K+9.9% | -$81K-61.8% | -$50K-325.9% | $22K+28.6% | $17K |
| EPS (Diluted) | $0.00 | $0.00 | N/A | N/A | $-0.01 | $0.00 | N/A | N/A |
FUST Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17K-42.2% | $30K-13.5% | $35K+33.9% | $26K-44.3% | $47K+65.3% | $28K-67.0% | $85K+20.0% | $71K |
| Current Assets | $17K-42.2% | $30K-13.5% | $35K+33.9% | $26K-44.3% | $47K+65.3% | $28K-67.0% | $85K+44.0% | $59K |
| Cash & Equivalents | $12K-42.3% | $20K-3.3% | $21K+151.6% | $8K-79.6% | $41K+118.6% | $19K-72.2% | $68K+59.3% | $42K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $284K-44.7% | $513K+5.7% | $485K+22.1% | $397K+15.3% | $345K+40.6% | $245K-2.8% | $252K-3.1% | $260K |
| Current Liabilities | $254K-27.6% | $350K+9.3% | $320K+38.1% | $232K+10.1% | $211K+43.9% | $146K-4.2% | $153K-4.6% | $160K |
| Long-Term Debt | N/A | $95K-2.2% | $97K-0.6% | $98K-0.6% | $99K-1.9% | $101K-0.6% | $101K-0.6% | $102K |
| Total Equity | -$266K+44.9% | -$483K-7.2% | -$451K-21.3% | -$371K-24.5% | -$298K-37.4% | -$217K-30.1% | -$167K+11.8% | -$189K |
| Retained Earnings | -$8.3M-0.7% | -$8.3M-0.4% | -$8.2M-1.0% | -$8.2M-0.9% | -$8.1M-1.0% | -$8.0M-0.6% | -$7.9M+0.3% | -$8.0M |
FUST Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$56K-139.8% | -$24K+72.0% | -$84K-2.3% | -$82K-8.6% | -$76K-56.9% | -$48K-287.1% | $26K+417.9% | $5K |
| Capital Expenditures | N/A | N/A | 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 | N/A | N/A |
| Investing Cash Flow | $0 | $0 | N/A | N/A | $0 | $0 | N/A | N/A |
| Financing Cash Flow | $48K+109.0% | $23K-76.4% | $97K+95.9% | $49K-49.6% | $98K+16476.6% | -$598-0.8% | -$593-1.0% | -$587 |
| Dividends Paid | N/A | N/A | 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 | N/A | N/A |
FUST Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0%0.0pp | 100.0% | N/A | 100.0% | N/A | 100.0%0.0pp | 100.0%0.0pp | 100.0% |
| Operating Margin | -685.5%-280.2pp | -405.4% | N/A | -276.2% | N/A | -235.0%-252.8pp | 17.8%-3.9pp | 21.8% |
| Net Margin | -758.7%-335.8pp | -422.9% | N/A | -281.5% | N/A | -251.8%-268.9pp | 17.1%-3.9pp | 21.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -336.6%-228.2pp | -108.4% | N/A | -282.6%-108.0pp | -174.6%+3.8pp | -178.4%-204.5pp | 26.0%+1.7pp | 24.3% |
| Current Ratio | 0.07-0.0 | 0.09-0.0 | 0.110.0 | 0.11-0.1 | 0.22+0.0 | 0.19-0.4 | 0.56+0.2 | 0.37 |
| Debt-to-Equity | -1.06-0.9 | -0.20+0.0 | -0.22+0.0 | -0.26+0.1 | -0.33+0.1 | -0.46+0.1 | -0.61-0.1 | -0.54 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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.
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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.
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 debt-to-equity ratio?
Fuse Group (FUST) had a debt-to-equity ratio of -0.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
Why is Fuse Group's debt-to-equity ratio negative or unusual?
Fuse Group (FUST) has negative shareholder equity of -$451K as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 0 out of 9, indicating weak financial health. 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.
How financially healthy is Fuse Group?
Fuse Group (FUST) scores 2 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.