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FUFU Financials Bitfufu Inc.

5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 46.7% per year over the past 4 years.
  • Operating margin has contracted, at -5.0% in the latest year.

Financial health

  • Total debt has grown slower than revenue (-3.8% vs 46.7% per year).
  • Operating income covered interest expense -2.8× in the latest year.
Revenue & net income
-$31M $223M $478M $0 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-7% 6% 18% 0% 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $55M $109M 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$220M -$21M $177M $0 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $478M -$31M 6.1% -5.0% $28M
2024 $463M $54M 6.4% 14.3% $101M $38M
2023 $284M $10M 4.5% 5.8% $102M $32M
2022 $198M $2M 18.3% 2.0% $109M $60M
2021 $103M $5M 8.8% 5.7%

Valuation over time

How the market has priced FUFU against its own fundamentals since 2024-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 44.9 89.7 Mar '24 Jul '24 Nov '24 Mar '25 Jul '25 Nov '25 Mar '26
P/E
Price / sales (P/S)
0.0 1.7 3.3 Mar '24 Jul '24 Nov '24 Mar '25 Jul '25 Nov '25 Mar '26
P/S

Frequently asked questions

Is FUFU growing its revenue and profit?

Over the past 4 years, Bitfufu Inc.'s revenue has grown 46.7% per year. These are computed facts, not advice.

How much debt does FUFU have?

As of FY2025, Bitfufu Inc. reported — of total debt against $28M of cash; operating income covered interest expense -2.8×.

What is FUFU's profit margin?

In FY2025, gross margin was 6.1%, operating margin -5.0%, and net margin -6.5%.

What is FUFU's P/E ratio?

As of Jun '26, Bitfufu Inc. traded at a price-to-earnings ratio of about 9.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.