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Bitfufu Inc.

FUFU Clue Score56
Cayman Islands CIK 0001921158
$1.29 -6.18% Close, 12 Oct 2026
Price $1.29 −65.42% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 29 Feb 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue103.0Operating income5.8Net income4.9EPS, diluted0.03Fiscal year 2022Revenue198.2 +92.3%Operating income3.9Net income2.4 −50.4%EPS, diluted0.02 −33.3%Fiscal year 2023Revenue284.1 +43.3%Operating income16.6Net income10.5 +329.8%EPS, diluted0.07 +250.0%Fiscal year 2024Revenue463.3 +63.1%Operating income66.2Net income54.0 +414.2%EPS, diluted0.33 +371.4%Fiscal year 2025Revenue477.5 +3.1%Operating income−23.8Net income−31.3 −157.9%EPS, diluted−0.18 −154.5%
FY2021FY2022FY2023FY2024FY2025
Revenue 103.0 198.2 284.1 463.3 477.5
Growth +92.3% +43.3% +63.1% +3.1%
Operating income 5.8 3.9 16.6 66.2 −23.8
Net income 4.9 2.4 10.5 54.0 −31.3
Growth −50.4% +329.8% +414.2% −157.9%
EPS, diluted 0.03 0.02 0.07 0.33 −0.18
Growth −33.3% +250.0% +371.4% −154.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin8.8%Operating margin5.7%Net margin4.8%Fiscal year 2022Gross margin18.3%Operating margin2.0%Net margin1.2%Fiscal year 2023Gross margin4.5%Operating margin5.8%Net margin3.7%Fiscal year 2024Gross margin6.4%Operating margin14.3%Net margin11.6%Fiscal year 2025Gross margin6.1%Operating margin−5.0%Net margin−6.5%
FY2021FY2022FY2023FY2024FY2025
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 margin 4.8% 1.2% 3.7% 11.6% −6.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2021Operating cash flow15.9Fiscal year 2022Operating cash flow−7.4Buybacks−2.0Fiscal year 2023Operating cash flow−196.0Fiscal year 2024Operating cash flow−219.9Fiscal year 2025Operating cash flow−112.9
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 15.9 −7.4 −196.0 −219.9 −112.9
Buybacks n/a −2.0 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash13.3Shareholders’ equity4.8Fiscal year 2022Cash60.4Total debt109.4Net cash (debt)−49.0Shareholders’ equity6.8Debt to equity16.00Fiscal year 2023Cash32.0Total debt102.4Net cash (debt)−70.4Shareholders’ equity17.3Debt to equity5.91Fiscal year 2024Cash38.2Total debt101.3Net cash (debt)−63.1Shareholders’ equity162.5Debt to equity0.62Fiscal year 2025Cash27.8Total debt15.0Net cash (debt)12.8Shareholders’ equity149.6Debt to equity0.10
FY2021FY2022FY2023FY2024FY2025
Cash 13.3 60.4 32.0 38.2 27.8
Total debt n/a 109.4 102.4 101.3 15.0
Net cash (debt) n/a −49.0 −70.4 −63.1 12.8
Shareholders’ equity 4.8 6.8 17.3 162.5 149.6
Debt to equity n/a 16.00 5.91 0.62 0.10

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
103.0 198.2 284.1 463.3 477.5
Growth +92.3% +43.3% +63.1% +3.1%
94.0 162.0 271.4 433.6 448.6
9.0 36.2 12.7 29.7 28.9
Growth +301.3% −64.9% +133.8% −2.7%
0.5 1.6 1.7 5.6 2.5
1.4 2.7 3.7 25.3 9.1
5.8 3.9 16.6 66.2 −23.8
Growth −33.2% +324.9% +299.5% −135.9%
6.0 1.8 12.7 61.6 −29.3
1.0 −0.7 2.2 7.7 1.9
4.9 2.4 10.5 54.0 −31.3
Growth −50.4% +329.8% +414.2% −157.9%
Per share
0.03 0.02 0.07 0.34 −0.19
0.03 0.02 0.07 0.33 −0.18
Growth −33.3% +250.0% +371.4% −154.5%
142.5 149.4 150.0 161.0 164.3
142.5 149.4 150.0 165.5 169.7
Growth +4.8% +0.4% +10.3% +2.5%

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 1 of 5 years on file.