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Bitfufu Inc.

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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
8.8% 18.3% 4.5% 6.4% 6.1%
5.7% 2.0% 5.8% 14.3% −5.0%
5.8% 0.9% 4.5% 13.3% −6.1%
4.8% 1.2% 3.7% 11.6% −6.5%
Spending
0.5% 0.8% 0.6% 1.2% 0.5%
1.4% 1.4% 1.3% 5.5% 1.9%
17.5% −37.5% 17.2% 12.4% n/a
Returns
101.9% 35.7% 60.5% 33.2% −20.9%
n/a 1.2% 5.0% 14.3% −8.7%
Balance and payout
n/a 16.00 5.91 0.62 0.10
n/a 96.6% 91.7% 57.0% 58.2%