Saturday 17 October 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. In the quarter to June 2026, revenue fell 62.9%, EPS fell 141.4%, free cash flow grew 92.6% and total debt fell 30.1%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
0.90
0.41
−31.30%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 9.70 | 9.74 | 10.11 | 2.32 | 2.38 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 9.82 | 10.14 | 11.53 | 18.32 | 5.98 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 29 | 34 | 29 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | 0.00 | 9.80 | 13.63 | 16.47 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 198 | 284 | 463 | 478 | ||||
| Gross margin, % | — | — | — | — | — | — | 18.28 | 4.47 | 6.41 | 6.06 | |||||
| EBT | — | — | — | — | — | 0 | 2 | 13 | 62 | (29) | |||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.90 | 4.46 | 13.30 | (6.13) | |||||
| Net income | — | 0 | — | — | — | 0 | 2 | 10 | 54 | (31) | |||||
| Depreciation | — | — | — | — | — | — | 18 | 25 | 25 | 28 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 1.33 | 1.89 | 2.88 | 2.91 | ||||
| Earnings | — | — | — | — | — | 0.00 | 0.02 | 0.07 | 0.34 | (0.19) | |||||
| Cash flow | — | — | — | — | — | 0.00 | (0.05) | (1.31) | (1.37) | (0.69) | |||||
| Capex | — | — | — | — | — | 0.00 | 0.38 | 1.18 | 1.04 | 0.61 | |||||
| Free cash flow | — | — | — | — | — | 0.00 | 0.33 | (0.13) | (0.32) | (0.08) | |||||
| Book value | — | — | — | — | — | 0.00 | 0.05 | 0.12 | 1.01 | 0.91 | |||||
| Shares, m | — | — | — | — | — | 9 | 149 | 150 | 161 | 164 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 155.63 | 14.14 | 0.00 | ||||
| P/S | — | — | — | — | — | — | 0.00 | 5.76 | 1.72 | 0.91 | |||||
| P/B | — | — | — | — | — | — | 13.17 | 94.41 | 4.91 | 2.90 | |||||
| EV/Sales | — | — | — | — | — | — | 0.00 | 5.86 | 1.64 | 0.77 | |||||
| EV/FCF | — | — | — | — | — | — | (16.94) | (87.31) | (6.95) | (3.39) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | (7) | (196) | (220) | (113) | ||||
| Capex | — | — | — | — | — | — | 57 | 177 | 168 | 100 | |||||
| Free cash flow | — | — | — | — | — | — | 49 | (19) | (52) | (13) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 0 | 6 | 35 | 201 | 226 | ||||
| Total debt | — | — | — | — | — | 0 | 109 | 102 | 136 | 110 | |||||
| Net debt | — | — | — | — | — | 0 | 41 | 26 | (39) | (67) | |||||
| Shareholders’ equity | — | — | — | — | — | 0 | 7 | 17 | 162 | 150 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | 1.82 | 8.59 | 18.36 | (8.50) | ||||
| ROIC | — | — | — | — | — | 0.00 | 5.10 | 23.65 | 33.46 | (18.08) | |||||
| ROE | — | — | — | — | — | 0.00 | 6.63 | 45.87 | 60.03 | (20.03) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| SVIA Silvia, Inc. | $343.8M | — (loss-making) | — | — | n/m | — | 100.00% | (40,513.51%) | Compare |
| CNCK Coincheck Group N.V. | $257.0M | — (loss-making) | — | +24.29% (above 0%: growing) | n/m | −299.22% (below 0%: shrinking) | 2.55% | (1.20%) | Compare |
| FUFU BitFuFu Inc. | $218.3M | — (loss-making) | — (loss-making) | −62.94% (below 0%: shrinking) | n/m | +92.59% (above 0%: growing) | (2.24%) | (51.24%) | |
| AUC ATIF Holdings Limited | $188.8M | — (loss-making) | — (loss-making) | +275.00% (above 0%: growing) | n/m | −4,494.70% (below 0%: shrinking) | 100.00% | 29.15% | Compare |
| SLNH Soluna Holdings, Inc. | $183.8M | — (loss-making) | 23.6× | +144.56% (above 0%: growing) | n/m | −124.94% (below 0%: shrinking) | 5.09% | (112.50%) | Compare |
| DEFT DeFi Technologies Inc. | $171.2M | 7.2× | — | −40.69% (below 0%: shrinking) | n/m | −24.31% (below 0%: shrinking) | 100.00% | (22.78%) | Compare |
| CANG Cango Inc. Sponsored ADR | $156.3M | — (loss-making) | — (loss-making) | −63.69% (below 0%: shrinking) | n/m | −145,939.21% (below 0%: shrinking) | (33.17%) | (158.75%) | Compare |
| NAKA KindlyMD, Inc. | $144.8M | — (loss-making) | — (loss-making) | +8,680.66% (above 0%: growing) | n/m | −25.71% (below 0%: shrinking) | 57.82% | (415.62%) | Compare |
| WTF Waton Financial Limited | $133.6M | — | — | — | — | −161.72% (below 0%: shrinking) | — | — | Compare |
| Median of peers | $177.5M | — | — | +84.43% | — | −161.72% | 57.82% | (112.50%) |
BitFuFu Inc. (FUFU) key facts
- Strength: BitFuFu Inc.’s revenue for fiscal 2025 (year ended December 2025) was $477.5 million, up 3.07% from fiscal 2024.
- BitFuFu Inc. (FUFU) is a Capital Markets company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, FUFU traded at $0.90, a market capitalization of $218.3 million.
- Return on equity was −20.0% and debt-to-equity 1.05.
- Its Piotroski F-score is 1 out of 9 for fiscal 2025.