FUSE · Fusemachines Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q4 '24 |
|---|---|---|---|---|
| Revenue | $1.95M | - | - | - |
| Cost of Revenue | $864.0K | - | - | - |
| Gross Profit | $948.0K | - | - | - |
| R&D | $298.0K | - | - | - |
| SG&A | $1.93M | - | $27.3K | - |
| Total Operating Expenses | $3.98M | - | $1.13M | - |
| D&A | $25.0K | - | - | - |
| Operating Income | ($1.32M) | - | ($613.0K) | - |
| Interest Expense | - | - | $17.57M | - |
| Income Tax | $4.0K | - | - | - |
| Net Income | ($253.0K) | - | ($19.84M) | - |
| EPS - Basic | ($0.03) | - | - | - |
| EPS - Diluted | ($0.03) | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q4 '24 |
|---|---|---|---|---|
| Cash & Equivalents | $1.77M | $9.40M | $83.2K | $500.0K |
| Accounts Receivable | $1.24M | $1.26M | - | $1.43M |
| Inventory | - | - | - | - |
| Accounts Payable | $4.80M | $5.01M | $330.2K | - |
| Current Assets | $3.74M | $6.25M | $12.35M | - |
| Total Assets | $4.94M | $7.54M | $16.17M | - |
| Current Liabilities | $18.13M | $20.05M | $10.82M | - |
| Long-term Debt | $300.0K | $300.0K | - | $6.72M |
| Total Liabilities | $19.98M | $22.11M | $10.82M | - |
| Stockholders' Equity | ($15.03M) | ($14.58M) | ($8.32M) | - |
| Retained Earnings | ($36.10M) | ($35.15M) | ($32.88M) | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q4 '24 |
|---|---|---|---|---|
| Operating Cash Flow | ($229.0K) | - | - | - |
| Investing Cash Flow | ($24.0K) | - | - | - |
| Financing Cash Flow | $180.0K | - | - | - |
| CapEx | $20.0K | - | - | - |
| Free Cash Flow | ($249.0K) | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q4 '24 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | 48.5% | - | - | - |
| Operating margin | -67.3% | - | - | - |
| EBITDA margin | -66.1% | - | - | - |
| Net margin | -12.9% | - | - | - |
| Free cash flow margin | -12.7% | - | - | - |
| FCF / Net income | 0.98 | - | - | - |
| R&D / Revenue | 15.3% | - | - | - |
| SG&A / Revenue | 98.9% | - | - | - |
| Effective tax rate | - | - | - | - |
| Return on assets | -5.1% | - | -122.7% | - |
| Return on equity | 1.7% | - | 238.5% | - |
| Return on invested capital | - | - | - | - |
| Liquidity | ||||
| Current ratio | 0.21 | 0.31 | 1.14 | - |
| Quick ratio | 0.21 | 0.31 | 1.14 | - |
| Cash ratio | 0.10 | 0.47 | 0.01 | - |
| Leverage | ||||
| Debt / Equity | -0.02 | -0.02 | - | - |
| Debt / Assets | 0.06 | 0.04 | - | - |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | - | - | -0.0x | - |
| Equity multiplier | -0.33 | -0.52 | -1.94 | - |
| Liabilities / Assets | 4.04 | 2.93 | 0.67 | - |
| Efficiency | ||||
| Asset turnover | 0.40 | - | - | - |
| Inventory turnover | - | - | - | - |
| Days sales outstanding | 232d | - | - | - |
| Days inventory outstanding | - | - | - | - |
| Days payable outstanding | 2027d | - | - | - |
| Cash conversion cycle | - | - | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - |
| Net income growth (YoY) | - | - | - | - |
| EPS growth (YoY) | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$7.71M totalAISolutions$7.58M · 98.3%
AIEducation Services$133.0K · 1.7%
Geographic
$7.71M totalUS$7.34M · 95.2%
Non Us$372.0K · 4.8%
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing Fusemachines Inc. against the 5 most active filers in the same SIC group.