Bitfufu Inc.
FUFU Nasdaq· Finance Services
KIRA · Stoqly’s AI analyst, in plain words
- Bitfufu Inc. had $478M of revenue in fiscal 2025, up 3.1% on the year before.
- Its operating margin was −5.0%, down 19.3 pts: of every 100 in sales, about −5 is left after running the business.
- Bitfufu Inc. lost $31.3M in fiscal 2025.
- Bitfufu Inc. has $12.8M more cash than debt.
Market cap
—
P/E
—
Revenue
$478M
Net income
−$31.3M
Free cash flow
—
Operating margin
−5.0%
Bitfufu Inc. in 30 seconds · fiscal 2025
Are sales growing?
+3.1%
Only a little. Sales grew 3.1% last year.
Does it make a profit?
−6.5%
No. It lost money last year.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
2 / 9
Weak. It passes 2 of 9 health tests.
What Bitfufu Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 28, 2026
- Legal name
- Bitfufu Inc.
- CIK
- 0001921158
Bitfufu Inc. · FUFU
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $103M | $198M | $284M | $463M | $478M |
| Revenue growth | — | 92.3% | 43.3% | 63.1% | 3.1% |
| Gross margin | 8.8% | 18.3% | 4.5% | 6.4% | 6.1% |
| Operating margin | 5.7% | 2.0% | 5.8% | 14.3% | −5.0% |
| Net income | $4.9M | $2.4M | $10.5M | $54.0M | −$31.3M |
| Net margin | 4.8% | 1.2% | 3.7% | 11.6% | −6.5% |
| Diluted EPS | $0.03 | $0.02 | $0.07 | $0.33 | −$0.18 |
| Cash | |||||
| Cash from operations | $15.9M | −$7.4M | −$196M | −$220M | −$113M |
| Share buybacks | — | $2.0M | — | — | — |
| Share count change | — | 4.8% | 0.4% | 10.3% | 2.5% |
| Debt and strength | |||||
| Cash and short-term investments | $13.3M | $60.4M | $32.0M | $38.2M | $27.8M |
| Debt incl. finance leases | — | $109M | $102M | $101M | $15.0M |
| Shareholders' equity | $4.8M | $6.8M | $17.3M | $162M | $150M |
| Net debt / EBITDA | — | 2.2x | 1.7x | 0.7x | −3.0x |
| Current ratio | — | 1.1x | 1.4x | 4.2x | 3.3x |
| Interest coverage | — | 1.5x | 3.0x | 10.5x | −2.8x |
| Returns and quality | |||||
| Return on capital | — | 7.0% | 15.6% | 25.7% | −13.7% |
| Return on equity | 101.9% | 41.8% | 86.8% | 60.0% | −20.0% |
| Return on tangible equity | 101.9% | 35.7% | 60.5% | 33.2% | −21.5% |
| Piotroski F-score | — | — | 5 | 5 | 2 |
| Altman Z'' | — | 0.5 | 2.0 | 6.1 | 4.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Bitfufu Inc. · FUFU
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0001921158). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.