Friday 6 November 2026
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BitFuFu Inc.
FUFU Financial Capital Markets
BitFuFu Inc.’s revenue for fiscal 2025 (year ended December 2025) was $477.5 million, up 3.07% from fiscal 2024.
- Revenue
- −62.9%
- EPS
- −141.4%
- Free cash flow
- +92.6%
- Total debt
- −30.1%
Quarter to June 2026, against a year earlier
0.90
0.00
0.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 198 | 284 | 463 | 478 | 400 | +34.1% | 202 | 427 | 445 | (2.3%) | |
| Gross margin, % | — | — | — | — | — | — | 18.28 | 4.47 | 6.41 | 6.06 | 2.26 | (12.2) pt | ||||||
| EBT | — | — | — | — | — | 0 | 2 | 13 | 62 | (29) | (124) | +1,455.4% | ||||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.90 | 4.46 | 13.30 | (6.13) | (30.98) | (6.1) pt | ||||||
| Net income | — | 0 | — | — | — | 0 | 2 | 10 | 54 | (31) | (117) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 1.33 | 1.89 | 2.88 | 2.91 | 2.39 | n/m | |||||
| Earnings | — | — | — | — | — | 0.00 | 0.02 | 0.07 | 0.34 | (0.19) | (0.71) | n/m | ||||||
| Cash flow | — | — | — | — | — | 0.00 | (0.05) | (1.31) | (1.37) | (0.69) | (2.50) | n/m | ||||||
| Capex | — | — | — | — | — | 0.00 | 0.38 | 1.18 | 1.04 | 0.61 | 2.12 | n/m | ||||||
| Free cash flow | — | — | — | — | — | 0.00 | 0.33 | (0.13) | (0.32) | (0.08) | (0.38) | n/m | ||||||
| Book value | — | — | — | — | — | 0.00 | 0.05 | 0.12 | 1.01 | 0.91 | 0.57 | +324.6% | ||||||
| Shares, m | — | — | — | — | — | 9 | 149 | 150 | 161 | 164 | 166 | +107.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 155.63 | 14.14 | 0.00 | 0.00 | 42.4 | |||||
| P/S | — | — | — | — | — | — | 0.00 | 5.76 | 1.72 | 0.91 | 0.38 | 2.1 | ||||||
| P/B | — | — | — | — | — | — | 13.17 | 94.41 | 4.91 | 2.90 | 1.00 | 28.8 | ||||||
| EV/Sales | — | — | — | — | — | — | 0.00 | 5.86 | 1.64 | 0.77 | — | 2.1 | ||||||
| EV/FCF | — | — | — | — | — | — | (16.94) | (87.31) | (6.95) | (3.39) | — | (28.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | (7) | (196) | (220) | (113) | (418) | +147.6% | |||||
| Capex | — | — | — | — | — | — | 57 | 177 | 168 | 100 | 354 | +20.7% | ||||||
| Free cash flow | — | — | — | — | — | — | 49 | (19) | (52) | (13) | (64) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 0 | 6 | 35 | 201 | 226 | 170 | n/m | |||||
| Net debt | — | — | — | — | — | 0 | 41 | 26 | (39) | (67) | (21) | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | 0 | 7 | 17 | 162 | 150 | 94 | +784.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | 1.82 | 8.59 | 18.36 | (8.50) | (32.24) | (8.5) pt | |||||
| ROIC | — | — | — | — | — | 0.00 | 5.10 | 23.65 | 33.46 | (18.08) | (101.53) | (18.1) pt | ||||||
| ROE | — | — | — | — | — | 0.00 | 6.63 | 45.87 | 60.03 | (20.03) | 0.00 | (20.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 29 | 34 | 29 | — | 0.0% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | 0.00 | 9.80 | 13.63 | 16.47 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
BitFuFu Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CNCK Coincheck Group N.V. | $243.6M | — (loss-making) | — | +24.29% (above 0%: growing) | n/m | −299.22% (below 0%: shrinking) | 2.55% | (1.20%) | Compare |
| SVIA Silvia, Inc. | $232.2M | — (loss-making) | — | — | n/m | — | 100.00% | (40,513.51%) | Compare |
| USDE StablecoinX Inc. | $178.9M | — (loss-making) | — | — | n/m | −105.33% (below 0%: shrinking) | 60.26% | (58,278.53%) | Compare |
| FUFU BitFuFu Inc. | $149.7M | — (loss-making) | — (loss-making) | −62.94% (below 0%: shrinking) | n/m | +92.59% (above 0%: growing) | (2.24%) | (51.24%) | |
| AUC ATIF Holdings Limited | $138.3M | — (loss-making) | — (loss-making) | +275.00% (above 0%: growing) | n/m | −4,494.70% (below 0%: shrinking) | 100.00% | 29.15% | Compare |
| DEFT DeFi Technologies Inc. | $133.2M | 5.7× | — | −40.69% (below 0%: shrinking) | n/m | −24.31% (below 0%: shrinking) | 100.00% | (22.78%) | Compare |
| SLNH Soluna Holdings, Inc. | $112.8M | — (loss-making) | — (loss-making) | +144.56% (above 0%: growing) | n/m | −124.94% (below 0%: shrinking) | 5.09% | (112.50%) | Compare |
| GSIW Garden Stage Limited | $111.4M | — | — | — | — | +38.83% (above 0%: growing) | — | — | Compare |
| NAKA KindlyMD, Inc. | $99.7M | — (loss-making) | — (loss-making) | +8,680.66% (above 0%: growing) | n/m | −25.71% (below 0%: shrinking) | 57.82% | (415.62%) | Compare |
| Median of peers | $135.8M | — | — | +144.56% | — | −105.33% | 60.26% | (112.50%) |