Fusemachines Inc. cash flow statement

In fiscal 2025, Fusemachines Inc.'s operations generated −$5.5m of cash; it spent $53,000 on capital projects, leaving free cash flow of −$5.6m.

Cash flow statement

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

Fusemachines Inc.: cash flow statement, annual
Fiscal year	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	−2	−6	−10
Depreciation and amortisation	0	0	0
Stock-based pay	1	0	1
Capital spending	0	0	0
Free cash flow	−2	−6	−10
Free cash flow after stock pay	−3	−6	−10
Share buybacks	2	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Fusemachines Inc.: cash flow statement, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	−229	80	−339	−5,041	−2,224	−1,287	−1,296
Depreciation and amortisation	25	25	23	23	24	26	24
Stock-based pay	65	53	58	55	406	52	44
Capital spending	1	5	2	45	20	7	0
Free cash flow	−230	75	−341	−5,086	−2,244	−1,294	−1,296
Free cash flow after stock pay	−295	22	−399	−5,141	−2,650	−1,346	−1,340

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.