← Bitfufu Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Total revenues | $103.0m |
$198.2m
+92.34%
|
$284.1m
+43.34%
|
$463.3m
+63.08%
|
$477.5m
+3.07%
|
$472.1m
-1.13%
|
|
| Total cost of revenues | ($94.0m) |
($162.0m)
-72.28%
|
($271.4m)
-67.56%
|
($433.6m)
-59.77%
|
($448.6m)
-3.46%
|
— | |
| Gross profit | $9.0m |
$36.2m
+301.29%
|
$12.7m
-64.91%
|
$29.7m
+133.79%
|
$28.9m
-2.65%
|
$22.8m
-21.03%
|
|
| Research and development expenses | ($470k) | ($1.6m) | ($1.7m) | ($5.6m) | ($2.5m) | $2.6m | |
| Sales and marketing expenses | ($1.6m) | ($2.0m) | ($1.9m) | ($7.5m) | ($3.7m) | — | |
| General and administrative expenses | ($1.4m) | ($2.7m) | ($3.7m) | ($25.3m) | ($9.1m) | $9.0m | |
| Interest expense | — | ($2.5m) | ($5.5m) | ($6.3m) | ($8.6m) | $7.4m | |
| Investment income | $135k | $343k | $1.1m | $416k | $462k | — | |
| Interest income | — | $343k | $1.1m | $1.6m | $2.3m | $1.9m | |
| Gain on sale of recovery rights on assets held by FTX | — | — | — | $7.3m | — | — | |
| Other income/(expense), net | ($1k) | $50k | $587k | ($277k) | $311k | ($50.7m) | |
| (Loss)/income before income taxes | $6.0m | $1.8m | $12.7m | $61.6m | ($29.3m) | — | |
| Income tax expense | $1.0m | ($666k) | $2.2m | $7.7m | $1.9m | ($322k) | |
| Less: Net income attributable to non-controlling interests | — | $2.4m | $10.5m | $54.0m | $110k | — | |
| Ordinary shares - basic (in Shares) | $142.5m | $149.4m | $150.0m | $161.0m | ($0) | — | |
| Ordinary shares - diluted (in Shares) | — | $149.4m | $150.0m | $165.5m | ($0) | — | |
| Credit loss provision for receivables | — | ($608k) | ($100k) | — | ($981k) | — | |
| Impairment loss on digital assets | — | ($12.9m) | ($7.0m) | — | — | — | |
| Impairment loss on mining equipment | — | ($11.8m) | — | ($8.1m) | ($25.4m) | — | |
| Changes in fair value of digital asset receivables or payables | — | — | — | ($1.3m) | $1.2m | — | |
| Changes in fair value of digital assets | — | — | $18.2m | $76.9m | ($8.7m) | — | |
| Loss on disposal of mining equipment | — | — | — | — | ($3.4m) | — | |
| Operating (loss)/income | $5.8m | $3.9m | $16.6m | $66.2m | ($23.8m) | — | |
| Net (loss)/income and total comprehensive (loss)/income attributable to ordinary shareholders | — | — | $10.5m | $54.0m | ($31.1m) | — | |
| Total operating (expenses)/income | ($3.2m) | ($32.3m) | $3.9m | $36.5m | ($52.7m) | $16.2m | |
| Total Comprehensive (loss)/income attributable to ordinary shareholders of the Company | $4.9m | $2.4m | $10.5m | $54.0m | ($31.3m) | — |