Saturday 17 October 2026
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Fusemachines Inc.
FUSE Technology Software Application
Fusemachines Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.7 million, down 12.5% from fiscal 2024. In the quarter to June 2026, EPS fell 266.7% and free cash flow fell 432.0%, each against the same quarter a year earlier.
0.36
0.02
−5.26%
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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 | — | — | — | — | — | — | 9.69 | 10.14 | 10.89 | 1.45 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | 10.50 | 11.76 | 12.42 | 25.00 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | 270 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 0.00 | 0.03 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | 9 | 8 | ||||
| Gross margin, % | — | — | — | — | — | — | — | — | 54.87 | 55.83 | |||||
| EBT | — | — | — | — | — | 0 | 2 | — | (15) | (1) | |||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | — | (174.23) | (11.99) | |||||
| Net income | — | 0 | — | — | — | 0 | 2 | — | (15) | (1) | |||||
| Depreciation | — | — | — | — | — | — | — | — | 0 | 0 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | — | 1.27 | 0.67 | ||||
| Earnings | — | — | — | — | — | 0.00 | 0.09 | — | (2.06) | (0.08) | |||||
| Cash flow | — | — | — | — | — | 0.00 | (0.05) | — | (0.32) | (0.48) | |||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | — | (0.02) | (0.01) | |||||
| Free cash flow | — | — | — | — | — | 0.00 | (0.05) | — | (0.34) | (0.49) | |||||
| Book value | — | — | — | — | — | 0.00 | 7.94 | — | (3.49) | (1.26) | |||||
| Shares, m | — | — | — | — | — | 24 | 24 | — | 7 | 12 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | 41.07 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | — | 0.00 | 0.00 | |||||
| P/B | — | — | — | — | — | — | — | — | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | — | — | — | — | — | 0.00 | 0.00 | |||||
| EV/FCF | — | — | — | — | — | — | — | — | (763.71) | (1.04) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | 0 | (1) | — | (2) | (6) | ||||
| Capex | — | — | — | — | — | — | — | — | 0 | 0 | |||||
| Free cash flow | — | — | — | — | — | 0 | (1) | — | (2) | (6) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | (1) | 188 | — | (16) | (14) | ||||
| Total debt | — | — | — | — | — | 0 | — | — | 7 | 1 | |||||
| Net debt | — | — | — | — | — | 0 | (195) | — | 7 | (3) | |||||
| Shareholders’ equity | — | — | — | — | — | 0 | 188 | — | (24) | (15) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | 2.10 | — | (15.30) | (14.19) | ||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | — | 0.00 | 0.00 | |||||
| ROE | — | — | — | — | — | 0.00 | 2.19 | — | (19.71) | 3.97 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Fusemachines Inc. vs peers in Software Application (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 |
|---|---|---|---|---|---|---|---|---|---|
| IDAI T Stamp Inc. | $15.9M | — (loss-making) | — (loss-making) | +10.73% (above 0%: growing) | n/m | −205.91% (below 0%: shrinking) | 53.49% | (266.39%) | Compare |
| IPM Intelligent Protection Management Corp. | $15.5M | — (loss-making) | — (loss-making) | +12.93% (above 0%: growing) | n/m | +42.70% (above 0%: growing) | 41.33% | (23.40%) | Compare |
| RPGL Republic Power Group Limited | $13.9M | — | — | — | — | −1,728.88% (below 0%: shrinking) | — | — | Compare |
| AHI Advanced Human Imaging Limited Sponsored ADR | $13.2M | — (loss-making) | — (loss-making) | +307.96% (above 0%: growing) | n/m | −21.40% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| SMSI Smith Micro Software, Inc. | $12.9M | — (loss-making) | — (loss-making) | −1.79% (below 0%: shrinking) | n/m | +61.05% (above 0%: growing) | 81.32% | (54.57%) | Compare |
| FUSE Fusemachines Inc. | $12.3M | — (loss-making) | — | — | n/m | −432.02% (below 0%: shrinking) | 53.68% | (149.94%) | |
| PSQH PSQ Holdings, Inc. | $11.4M | — (loss-making) | — (loss-making) | +107.83% (above 0%: growing) | n/m | +63.26% (above 0%: growing) | 57.96% | (67.15%) | Compare |
| SAGT SAGTEC GLOBAL LIMITED | $10.6M | — | — | — | — | +393.44% (above 0%: growing) | — | — | Compare |
| RBTC Rubicon Technologies, Inc. | $9.4M | — (loss-making) | — (loss-making) | +8.33% (above 0%: growing) | n/m | +4.41% (above 0%: growing) | 4.86% | (3.21%) | Compare |
| Median of peers | $13.0M | — | — | +11.83% | — | +23.55% | 47.41% | (38.98%) |
Fusemachines Inc. (FUSE) key facts
- Concern: Fusemachines Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.7 million, down 12.5% from fiscal 2024.
- Fusemachines Inc. (FUSE) is a Software Application company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, FUSE traded at $0.36, a market capitalization of $12.3 million.
- Return on equity was 3.97% and debt-to-equity -0.02.
- Its Altman Z-score is −9.79 (distress zone) for fiscal 2025.
Fusemachines Inc. (FUSE) Latest News
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