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Fusemachines Inc. balance sheet

At the end of fiscal 2025, Fusemachines Inc. had total assets of $7.5m, total liabilities of $22.1m and shareholders' equity of −$14.6m. It held $4.2m in cash against $1.0m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents141
Receivables111
Total current assets464
Total assets685
Accounts payable755
Deferred revenue (current)0——
Total current liabilities202013
Short-term debt1002
Long-term debt702
Total debt1912
Total liabilities302213
Shareholders' equity−24−15−8
Shares outstanding7m—32m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Fusemachines Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Fusemachines Inc.