BitFuFu Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $477.5M | $463.3M | $284.1M | $198.2M | $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 |
| Gross Margin | 6.1% | 6.4% | 4.5% | 18.3% | 8.8% |
| Operating Expenses | |||||
| Research & Development | $2.5M | $5.6M | $1.7M | $1.6M | $469.9K |
| SG&A Expense | $9.1M | $25.3M | $3.7M | $2.7M | $1.4M |
| Operating Income | $-23.8M | $66.2M | $16.6M | $3.9M | $5.8M |
| Operating Margin | -5.0% | 14.3% | 5.8% | 2.0% | 5.7% |
| Interest Expense | $8.6M | $6.3M | $5.5M | $2.5M | — |
| Pretax Income | $-29.3M | $61.6M | $12.7M | $1.8M | $6.0M |
| Income Tax Expense | $1.9M | $7.7M | $2.2M | $-666.0K | $1.0M |
| Net Income | $-31.3M | $54.0M | $10.5M | $2.4M | $4.9M |
| Net Margin | -6.5% | 11.6% | 3.7% | 1.2% | 4.8% |
| 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 Outstanding (Basic) | 164.3M | 161.0M | 150.0M | 149.4M | 142.5M |
| Shares Outstanding (Diluted) | 169.7M | 165.5M | 150.0M | 149.4M | 142.5M |
| Dividends Per Share | — | — | — | — | — |