Bitfufu Inc. FUFU
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Market cap
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.18
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $414.4M | $305.8M | $183.9M | $137.9M | $103.0M | — |
| Cost of revenue | $448.6M | $433.6M | $271.4M | $162.0M | $94.0M | — |
| Gross profit | $28.9M | $29.7M | $12.7M | $36.2M | $9.0M | — |
| R&D | $2.5M | $5.6M | $1.7M | $1.6M | $469.9K | — |
| SG&A | $9.1M | $25.3M | $3.7M | $2.7M | $1.4M | — |
| Total operating expenses | $52.7M | -$36.5M | -$3.9M | $32.3M | $3.2M | — |
| Operating income | -$23.8M | $66.2M | $16.6M | $3.9M | $5.8M | — |
| Interest expense | $8.6M | $6.3M | $5.5M | $2.5M | — | — |
| Pre-tax income | -$29.3M | $61.6M | $12.7M | $1.8M | $6.0M | — |
| Income tax | $1.9M | $7.7M | $2.2M | $666.0K | $1.0M | — |
| Net income | -$31.3M | $54.0M | $10.5M | $2.4M | $4.9M | — |
| EPS, basic | -0.19 | 0.34 | 0.07 | 0.02 | 0.03 | — |
| EPS, diluted | -0.18 | 0.33 | 0.07 | 0.02 | 0.03 | — |
| Shares, diluted (wtd. avg.) | 169.7M | 165.5M | 150.0M | 149.4M | 142.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $27.8M | $38.2M | $32.0M | $60.4M | $13.3M | — |
| Receivables | $12.3M | $10.9M | $3.8M | $6.3M | — | — |
| Inventory | $145.0K | $246.0K | — | — | — | — |
| Total current assets | $324.5M | $265.3M | $121.3M | $87.6M | — | — |
| Property, plant and equipment | $20.7M | $56.0M | $81.9M | $106.3M | — | — |
| Goodwill | $4.2M | $4.2M | — | — | — | — |
| Total assets | $357.6M | $377.7M | $210.0M | $198.3M | — | — |
| Accounts payable | $4.7M | $14.1M | $806.0K | $38.1K | — | — |
| Short-term debt | $15.0M | — | — | — | — | — |
| Total current liabilities | $98.5M | $63.9M | $86.4M | $82.1M | — | — |
| Long-term debt | — | $101.3M | $102.4M | $109.4M | — | — |
| Total liabilities | $208.0M | $215.2M | $192.7M | $191.5M | — | — |
| Retained earnings | $46.9M | $78.2M | $17.8M | $7.3M | — | — |
| Total equity | $149.6M | $162.5M | $17.3M | $6.8M | $4.8M | -$92.2K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$112.9M | -$219.9M | -$196.0M | -$7.4M | $15.9M | — |
| Depreciation and amortisation | $28.0M | $24.7M | $24.5M | $18.2M | $2.86B | — |
| Stock-based compensation | $588.0K | $26.1M | — | — | — | — |
| Investing cash flow | $89.8M | $167.9M | $176.9M | $56.7M | -$2.6M | — |
| Financing cash flow | $5.7M | $65.0M | -$9.4M | -$2.1M | — | — |
| Buybacks | — | $1.1M | — | $2.0M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-048533.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $103.0M | $137.9M | $183.9M | $305.8M | $414.4M |
| Gross profit | — | $9.0M | $36.2M | $12.7M | $29.7M | $28.9M |
| Net income | — | $4.9M | $2.4M | $10.5M | $54.0M | -$31.3M |
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