2 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 declined 12.5% per year over the past 1 years.
Operating margin has expanded, at -77.2% in the latest year.
Financial health
The company holds more cash ($4M) than total debt ($642000).
Total debt has grown slower than revenue (-96.1% vs -12.5% per year).
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$8M
-$928000
55.8%
-77.2%
-$6M
$642000
$4M
2024
$9M
-$15M
54.9%
-93.0%
-$2M
$17M
$500000
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$2M
-$872000
50.5%
-161.5%
-$2M
$468000
$2M
Mar '25
$2M
-$253000
55.8%
-67.3%
-$230000
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Valuation over time
How the market has priced FUSE against its own fundamentals since 2025-10 —
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.
The price-to-sales ratio has fallen from 8.8× (Oct '25) to 4.0× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is FUSE growing its revenue and profit?
Over the past 1 years, Fusemachines Inc.'s revenue has declined 12.5% per year. These are computed facts, not advice.
How much debt does FUSE have?
As of FY2025, Fusemachines Inc. reported $642000 of total debt against $4M of cash.
What is FUSE's profit margin?
In FY2025, gross margin was 55.8%, operating margin -77.2%, and net margin -12.0%.
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.