FUSE
Fusemachines Inc.
Company overview
- Market capitalization
- $18.84M
- Employees
- 270
- Latest publication
- 2026-09-29
About Fusemachines Inc.
Fusemachines Inc. develops and delivers artificial intelligence (AI) as a service and machine learning software solutions in North America, Latin America, and Asia. The company offers AI studio, a platform that offers to build, deploy, and manage AI applications; AI Engines, a software solution to extract information from complex documents, generate accurate answers and summaries from large datasets, and detect suspicious activities and patterns in financial transactions at retail outlets; and AI Agents, that automates workflow, such as interview assistant, assisting recruiters by asking role-specific questions, and evaluating responses. Further, the company offers managed outbound services and AI as a service for data management, machine learning, and analytics. Additionally, it offers Fusemachines AI fellowship program, which provides selected scholars from underserved communities with mentorship and resources to develop advanced skills in artificial intelligence and machine learning. The company serves consumer brands, healthcare, media, technology, government, and others. The company is based in New York, New York.
Financial statements
Income Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,879,000USD | 7,714,000USD | — | — | 1,954,000USD | 1,954,000USD | 135,466,000USD | 130,846,000USD |
| Cost Of Revenue | 931,000USD | 3,407,000USD | — | — | 864,000USD | 864,000USD | 44,857,000USD | 40,197,000USD |
| Gross Profit | 948,000USD | 4,307,000USD | — | — | 1,090,000USD | 1,090,000USD | 90,609,000USD | 90,649,000USD |
| Research Development | 298,000USD | 720,000USD | — | — | 165,000USD | 165,000USD | — | — |
| Selling General Administrative | 3,685,000USD | — | — | — | 2,241,000USD | 1,933,000USD | — | — |
| Total Operating Expenses | 3,983,000USD | 8,346,313USD | 1,132,659USD | 374,417USD | 3,270,000USD | 2,406,000USD | 86,606,000USD | 84,922,000USD |
| Operating Income | -3,035,000USD | -4,039,313USD | -1,132,659USD | -374,417USD | -1,316,000USD | -1,316,000USD | -795,740USD | -433,489USD |
| Interest Expense | 54,000USD | — | 17,573,073USD | — | 66,000USD | 66,000USD | 27,287USD | 23,741USD |
| Net Interest Income | -54,000USD | — | — | — | -66,000USD | -73,000USD | — | — |
| Income Before Tax | -868,000USD | 21,180,674USD | -19,839,905USD | -203,872USD | -253,000USD | -253,000USD | -132,909USD | 422,450USD |
| Income Tax Expense | 4,000USD | 3,000USD | — | — | — | -41,000USD | 3,309,000USD | 2,590,000USD |
| Tax Provision | 4,000USD | — | — | — | 0USD | -41,000USD | — | — |
| Net Income | -872,000USD | 21,177,674USD | -19,839,905USD | -203,872USD | -253,000USD | -253,000USD | -132,909USD | 422,450USD |
| Net Income From Continuing Ops | -872,000USD | — | — | — | -253,000USD | -3,257,000USD | — | — |
| Ebit | -3,035,000USD | -4,039,313USD | — | — | — | -187,000USD | — | — |
| Ebitda | -2,957,000USD | -3,762,313USD | -1,132,659USD | -374,417USD | — | -121,000USD | -105,620USD | 446,191USD |
| Depreciation And Amortization | 78,000USD | 277,000USD | — | — | — | 66,000USD | — | — |
| Reconciled Depreciation | 78,000USD | — | — | — | 66,000USD | 75,000USD | — | — |
| Total Other Income Expense Net | 2,167,000USD | 25,219,987USD | -18,707,246USD | 170,545USD | 1,129,000USD | 1,063,000USD | 662,831USD | 855,939USD |
| Unclassified Operating Expenses | — | 7,626,313USD | 1,132,659USD | — | — | — | 76,015,000USD | 74,392,000USD |
| Selling And Marketing Expenses | — | — | — | — | — | 308,000USD | 10,591,000USD | 10,530,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD |
|---|---|---|---|---|---|
| Total Revenue | 7,714,000USD | 545,905,000USD | 7,438,000USD | 6,877,000USD | — |
| Cost Of Revenue | 3,407,000USD | 136,646,000USD | 3,199,000USD | 2,118,000USD | — |
| Gross Profit | 4,307,000USD | 409,259,000USD | 4,239,000USD | 4,759,000USD | — |
| Research Development | 720,000USD | 732,000USD | 604,000USD | 275,000USD | — |
| Selling General Administrative | 8,176,000USD | 10,333,000USD | 7,025,000USD | 4,147,000USD | — |
| Selling And Marketing Expenses | 1,365,000USD | 1,964,000USD | 1,895,000USD | 1,033,000USD | — |
| Total Operating Expenses | 10,261,000USD | 382,609,000USD | 9,524,000USD | 5,455,000USD | 49,154USD |
| Operating Income | -5,954,000USD | -2,263,849USD | -5,285,000USD | -696,000USD | -49,154USD |
| Interest Expense | 268,000USD | 234,000USD | 451,000USD | 158,000USD | — |
| Net Interest Income | -268,000USD | -234,000USD | -451,000USD | -158,000USD | — |
| Income Before Tax | -925,000USD | 172,315USD | -6,751,000USD | -728,000USD | -49,154USD |
| Income Tax Expense | 3,000USD | 31,000USD | 11,000USD | 23,000USD | — |
| Tax Provision | 3,000USD | 31,000USD | 11,000USD | 23,000USD | — |
| Net Income | -928,000USD | -15,383,000USD | -6,762,000USD | -751,000USD | -49,154USD |
| Net Income From Continuing Ops | -928,000USD | -15,383,000USD | -6,762,000USD | -751,000USD | — |
| Ebit | -657,000USD | -15,117,000USD | -6,300,000USD | -570,000USD | — |
| Ebitda | -380,000USD | -14,828,000USD | -6,047,000USD | -402,000USD | -49,154USD |
| Depreciation And Amortization | 277,000USD | 289,000USD | 253,000USD | 168,000USD | — |
| Reconciled Depreciation | 277,000USD | 289,000USD | 253,000USD | 168,000USD | — |
| Total Other Income Expense Net | 5,029,000USD | 2,436,164USD | -1,466,000USD | -32,000USD | — |
| Unclassified Operating Expenses | — | 369,580,000USD | — | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q2 20242024-06-30 · USD | Q1 20242024-03-31 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 15,949,000USD | 18,541,000USD | 23,357,724USD | 16,667,857USD | 5,024,000USD | 5,024,000USD | 545,743,000USD | 53,097,205USD |
| Intangible Assets | 210,000USD | 206,000USD | — | — | 191,000USD | 191,000USD | 168,302,000USD | — |
| Other Current Assets | 650,000USD | 636,000USD | 21,484USD | 48,967USD | 167,000USD | 1,739,000USD | 241,335,501USD | 72,957USD |
| Total Liab | 18,959,000USD | 22,112,000USD | 43,910,706USD | 11,695,510USD | 29,123,000USD | 29,123,000USD | 9,621,381USD | 9,259,932USD |
| Total Stockholder Equity | -4,027,999USD | -3,571,000USD | -20,552,982USD | 4,972,348USD | -24,099,000USD | -24,099,000USD | 278,456,000USD | 43,837,273USD |
| Other Current Liab | 13,081,000USD | 14,610,000USD | 40,245,706USD | 8,332,510USD | — | 3,546,000USD | 7,491,381USD | 7,429,932USD |
| Common Stock | 3,000USD | 3,000USD | 11,067,180USD | 16,572,778USD | — | 2,000USD | 1,000USD | 52,866,734USD |
| Capital Stock | 3,000USD | — | — | — | 7,867,000USD | 7,867,000USD | — | — |
| Retained Earnings | -36,101,000USD | -35,145,000USD | -32,882,354USD | -13,042,450USD | -34,470,000USD | -34,470,000USD | -692,507,000USD | -9,029,461USD |
| Cash | 1,774,000USD | 4,221,000USD | 9,284USD | 14,041USD | 429,000USD | 429,000USD | 62,710USD | 91,139USD |
| Cash And Short Term Investments | 1,774,000USD | 4,221,000USD | 12,298,621USD | 16,586,345USD | — | 429,000USD | 53,828,650USD | 52,957,399USD |
| Total Current Assets | 3,737,000USD | 6,254,000USD | 12,352,651USD | 16,667,857USD | 3,635,000USD | 3,635,000USD | 295,196,000USD | 53,097,205USD |
| Total Current Liabilities | 18,130,000USD | 20,049,000USD | 43,910,706USD | 11,695,510USD | 25,766,000USD | 25,766,000USD | 9,621,381USD | 9,259,932USD |
| Net Debt | -833,000USD | -3,043,000USD | 3,655,716USD | 3,348,959USD | 14,874,000USD | 15,810,000USD | 2,067,290USD | 1,738,861USD |
| Short Term Debt | 252,000USD | 427,000USD | 3,665,000USD | 3,363,000USD | — | 14,876,000USD | 2,130,000USD | 1,830,000USD |
| Short Long Term Debt | 468,000USD | — | — | — | 14,798,000USD | 9,941,000USD | — | — |
| Short Long Term Debt Total | 941,000USD | 1,178,000USD | 3,665,000USD | 3,363,000USD | — | 16,239,000USD | 2,130,000USD | 1,830,000USD |
| Net Receivables | 1,313,000USD | 1,397,000USD | 32,546USD | 32,546USD | 1,334,000USD | 1,467,000USD | 31,849USD | 66,849USD |
| Accounts Payable | 4,797,000USD | 5,012,000USD | — | — | 7,331,000USD | 7,331,000USD | — | — |
| Property Plant Equipment Net | 975,000USD | 1,049,000USD | — | — | 1,173,000USD | 1,173,000USD | 1,961,000USD | — |
| Property Plant Equipment Gross | 975,000USD | — | — | — | 1,650,000USD | 1,670,000USD | — | — |
| Accumulated Other Comprehensive Income | 269,000USD | 260,000USD | — | — | — | 250,000USD | — | — |
| Common Stock Shares Outstanding | 28,938,764shares | 28,938,266shares | 5,727,315shares | 6,116,437shares | 26,501,049shares | 26,501,049shares | 12,091,421shares | 26,501,049shares |
| Non Current Assets Total | 12,212,000USD | 12,287,000USD | 11,005,073USD | — | 1,389,000USD | 1,389,000USD | 170,263,000USD | — |
| Non Current Liabilities Total | 829,000USD | 1,015,000USD | — | — | 3,357,000USD | 3,357,000USD | — | — |
| Non Currrent Assets Other | 11,000USD | 16,000USD | — | — | 15,000USD | 15,000USD | — | — |
| Net Working Capital | -14,393,000USD | — | — | — | -22,131,000USD | -16,182,000USD | — | — |
| Unclassified Non Current Assets | 11,016,000USD | 11,016,000USD | 11,005,073USD | — | — | -99,811,000USD | -80,284,000USD | — |
| Unclassified Equity | 31,798,001USD | 31,311,000USD | 1,262,192USD | 1,442,020USD | 2,504,000USD | 2,252,000USD | 970,962,000USD | — |
| Unclassified Non Current Liabilities | — | 1,015,000USD | — | — | 2,852,000USD | -3,367,000USD | — | — |
| Short Term Investments | — | — | 12,289,337USD | 16,572,303USD | — | 16,053,201USD | 53,765,940USD | 52,866,260USD |
| Long Term Debt | — | — | — | — | 505,000USD | 6,724,000USD | — | — |
| Unclassified Current Assets | — | — | — | — | 1,705,000USD | -16,053,201USD | — | — |
| Unclassified Current Liabilities | — | — | — | — | 3,637,000USD | -9,941,000USD | — | — |
| Other Assets | — | — | — | — | — | 99,821,000USD | 80,284,000USD | — |
| Current Deferred Revenue | — | — | — | — | — | 13,000USD | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20212021-12-31 · USD |
|---|---|---|---|
| Total Assets | 7,536,000USD | 518,588,000USD | 842,540USD |
| Intangible Assets | 206,000USD | 160,529,000USD | — |
| Other Current Assets | 636,000USD | 114,952,000USD | — |
| Total Liab | 22,112,000USD | 29,846,000USD | 866,694USD |
| Total Stockholder Equity | -14,576,000USD | -24,305,000USD | -24,154USD |
| Other Current Liab | 14,310,000USD | 3,693,000USD | 739,800USD |
| Common Stock | 3,000USD | 2,000USD | 474USD |
| Capital Stock | 3,000USD | 7,867,000USD | — |
| Retained Earnings | -35,145,000USD | -34,217,000USD | -49,154USD |
| Cash | 4,221,000USD | 500,000USD | 20USD |
| Cash And Short Term Investments | 4,221,000USD | 139,976,000USD | 20USD |
| Total Current Assets | 6,254,000USD | 256,580,000USD | 20USD |
| Total Current Liabilities | 20,049,000USD | 20,299,000USD | 866,694USD |
| Net Debt | -2,743,000USD | 17,117,000USD | 126,874USD |
| Short Term Debt | 727,000USD | 10,015,000USD | 126,894USD |
| Short Long Term Debt | 642,000USD | 9,941,000USD | — |
| Short Long Term Debt Total | 1,478,000USD | 17,617,000USD | 126,894USD |
| Net Receivables | 1,397,000USD | 1,652,000USD | — |
| Accounts Payable | 5,012,000USD | 6,537,000USD | — |
| Property Plant Equipment Net | 1,049,000USD | 1,658,000USD | — |
| Property Plant Equipment Gross | 1,578,000USD | 1,670,000USD | — |
| Accumulated Other Comprehensive Income | 260,000USD | 250,000USD | — |
| Common Stock Shares Outstanding | 11,525,384shares | 26,501,049shares | 23,718,750shares |
| Non Current Assets Total | 1,282,000USD | 162,187,000USD | 842,519USD |
| Non Current Liabilities Total | 2,063,000USD | 9,547,000USD | — |
| Non Currrent Assets Other | 16,000USD | 5,000USD | 842,519USD |
| Net Working Capital | -13,795,000USD | -16,182,000USD | — |
| Unclassified Non Current Liabilities | 2,063,000USD | 2,823,000USD | — |
| Unclassified Equity | 20,303,000USD | 1,793,000USD | — |
| Other Assets | — | 99,821,000USD | — |
| Current Deferred Revenue | — | 54,000USD | — |
| Long Term Debt | — | 6,724,000USD | — |
| Short Term Investments | — | 16,053,201USD | — |
| Unclassified Current Assets | — | 123,422,799USD | — |
| Unclassified Non Current Assets | — | -99,826,000USD | — |
| Unclassified Current Liabilities | — | -9,941,000USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | -872,000USD | 21,177,674USD | -19,839,905USD | -203,872USD | -253,000USD | -253,000USD | -2,792,000USD | 3,137,000USD |
| Depreciation | 78,000USD | 277,000USD | — | — | 66,000USD | 66,000USD | 6,509,000USD | 6,331,000USD |
| Stock Based Compensation | 406,000USD | — | — | — | 65,000USD | 65,000USD | 7,282,000USD | 7,531,000USD |
| Other Non Cash Items | -1,749,000USD | -25,439,164USD | 18,887,716USD | 31,484USD | -1,493,000USD | -1,023,000USD | 48,996,330USD | 30,480,199USD |
| Change To Account Receivables | -86,000USD | 133,697USD | — | — | 11,000USD | -9,000USD | — | — |
| Change In Working Capital | 319,000USD | -1,302,743USD | 870,902USD | -57,756USD | 916,000USD | 916,000USD | 477,670USD | 83,801USD |
| Total Cash From Operating Activities | -2,224,000USD | -5,289,233USD | -81,287USD | -230,144USD | -229,000USD | -229,000USD | 60,342,000USD | 47,798,000USD |
| Capital Expenditures | -20,000USD | -52,997USD | -3USD | -4USD | -24,000USD | -24,000USD | -3,388,000USD | -2,244,000USD |
| Free Cash Flow | -2,244,000USD | -5,342,230USD | -81,290USD | -230,140USD | -253,000USD | -253,000USD | 56,954,000USD | 45,554,000USD |
| Total Cashflows From Investing Activities | -56,000USD | -3,909,618USD | 4,267,324USD | -262,027USD | — | -24,000USD | -22,805,000USD | -43,920,000USD |
| Net Borrowings | -174,000USD | — | — | — | 180,000USD | 100,000USD | — | — |
| Total Cash From Financing Activities | -174,000USD | 12,995,794USD | -4,190,794USD | 503,000USD | 180,000USD | 180,000USD | -24,288,000USD | -2,670,000USD |
| Change In Cash | -2,447,000USD | 4,211,716USD | -4,757USD | 10,828USD | -71,000USD | -71,000USD | 13,249,000USD | 1,208,000USD |
| Begin Period Cash Flow | 4,221,000USD | 9,284USD | 14,041USD | 3,213USD | 500,000USD | 500,000USD | 103,110,000USD | 101,902,000USD |
| End Period Cash Flow | 1,774,000USD | 4,221,000USD | 9,284USD | 14,041USD | 429,000USD | 429,000USD | 116,359,000USD | 103,110,000USD |
| Sale Purchase Of Stock | — | 4,492,794USD | -4,492,794USD | — | 0USD | 0USD | -38,596,223USD | — |
| Other Cashflows From Financing Activities | — | -836,000USD | — | — | — | -53,000USD | 14,088,223USD | -2,970,000USD |
| Unclassified Investing Cash Flow | — | -3,856,621USD | 4,267,327USD | — | — | — | — | -1,133,918USD |
| Unclassified Financing Cash Flow | — | 9,339,000USD | — | — | — | — | — | — |
| Other Cashflows From Investing Activities | — | — | — | — | — | -23,000USD | -18,643,076USD | -40,542,082USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD |
|---|---|---|---|---|
| Net Income | -928,000USD | 26,296,000USD | -6,762,000USD | -751,000USD |
| Depreciation | 277,000USD | 25,654,000USD | 253,000USD | 168,000USD |
| Stock Based Compensation | 231,000USD | 27,793,000USD | 2,154,000USD | 0USD |
| Other Non Cash Items | -4,665,000USD | 117,388,000USD | 973,000USD | 125,000USD |
| Change To Account Receivables | 133,000USD | -925,000USD | -340,000USD | -384,000USD |
| Change In Working Capital | -212,000USD | 4,393,000USD | 908,000USD | -131,000USD |
| Total Cash From Operating Activities | -5,530,000USD | 201,019,000USD | -2,474,000USD | -589,000USD |
| Capital Expenditures | -53,000USD | -9,163,000USD | -294,000USD | -221,000USD |
| Free Cash Flow | -5,583,000USD | 191,856,000USD | -2,768,000USD | -810,000USD |
| Total Cashflows From Investing Activities | -165,000USD | -68,446,000USD | -294,000USD | -221,000USD |
| Net Borrowings | -178,000USD | 4,655,000USD | 2,249,000USD | 181,000USD |
| Total Cash From Financing Activities | 9,418,000USD | -76,613,000USD | 2,138,000USD | 1,082,000USD |
| Sale Purchase Of Stock | 0USD | -2,000,000USD | -149,486,187USD | — |
| Issuance Of Capital Stock | 1,000,000USD | — | 0USD | 901,000USD |
| Change In Cash | 3,721,000USD | 55,960,000USD | -637,000USD | 310,000USD |
| Begin Period Cash Flow | 500,000USD | 94,479,000USD | 903,000USD | 593,000USD |
| End Period Cash Flow | 4,221,000USD | 150,439,000USD | 266,000USD | 903,000USD |
| Other Cashflows From Financing Activities | -836,000USD | -79,268,000USD | 149,375,187USD | — |
| Unclassified Financing Cash Flow | 10,432,000USD | — | — | — |
| Other Cashflows From Investing Activities | — | -59,283,000USD | -134,000USD | -35,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
| Period | Dimension | Business / region | Revenue | Currency | Source |
|---|---|---|---|---|---|
| Q1 2026Quarterly · 2026-03-31 | Geography | International | 55,000 | USD | 0001493152-26-023864 |
| Q1 2026Quarterly · 2026-03-31 | Geography | United States | 1,824,000 | USD | 0001493152-26-023864 |
| Q1 2026Quarterly · 2026-03-31 | Product | AIEducation Services | 7,000 | USD | 0001493152-26-023864 |
| Q1 2026Quarterly · 2026-03-31 | Product | AISolutions | 1,872,000 | USD | 0001493152-26-023864 |
| FY 2025Yearly · 2025-12-31 | Geography | International | 372,000 | USD | 0001493152-26-013285 |
| FY 2025Yearly · 2025-12-31 | Geography | United States | 7,342,000 | USD | 0001493152-26-013285 |
| FY 2025Yearly · 2025-12-31 | Product | AIEducation Services | 133,000 | USD | 0001493152-26-013285 |
| FY 2025Yearly · 2025-12-31 | Product | AISolutions | 7,581,000 | USD | 0001493152-26-013285 |
| Q1 2025Quarterly · 2025-03-31 | Geography | International | 73,000 | USD | 0001493152-26-023864 |
| Q1 2025Quarterly · 2025-03-31 | Geography | United States | 1,881,000 | USD | 0001493152-26-023864 |
| FY 2024Yearly · 2024-12-31 | Geography | International | 267,000 | USD | 0001493152-26-013285 |
| FY 2024Yearly · 2024-12-31 | Geography | United States | 8,544,000 | USD | 0001493152-26-013285 |
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.