BitFuFu (FUFU) Cash Flow: Operating & Free Cash Flow

BitFuFu Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for BitFuFu Inc. (FUFU) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Operating Activities
Net Income	-31.14	53.96	10.50	10.50	2.44	-0.10	-1.11
Depreciation & Amortization	27.96	24.73	24.50	24.50	18.16	0.00	0.00
Deferred Income Tax	0.93	6.79	0.00	4.15	-4.47	0.00	0.00
Stock Based Compensation	0.59	26.07	0.00	-	0.00	0.00	0.00
Change in Working Capital	25.98	-60.94	-38.74	-40.86	51.33	2.74	1.23
Change in Accounts Receivable	0.00	-60.62	0.00	-	132.80	0.00	0.00
Change in Inventory	0.10	-0.14	0.00	-	0.00	0.00	0.00
Change in Accounts Payable	-0.30	1.36	0.00	0.78	4.12	0.00	1.23
Change in Other Working Capital	30.58	-272.61	-38.74	-41.79	-100.98	2.74	0.00
Other Operating Activities	-136.31	-272.61	-192.22	-190.11	-100.98	13.28	-0.12
Net Cash from Operating Activities	-112.93	-219.87	-195.97	-195.97	-7.44	15.93	0.00
Investing Activities
Capital Expenditures	-9.06	-16.86	-0.07	-0.07	-14.68	-15.75	0.00
Acquisitions	-9.39	0.00	0.00	-	0.00	0.00	0.00
Purchases of Investments	-0.52	0.00	0.00	-	-2.00	0.00	0.00
Sales/Maturities of Investments	127.14	184.79	0.00	222.39	0.00	0.00	0.00
Other Investing Activities	108.81	167.97	176.96	-	62.53	-2.56	0.00
Net Cash from Investing Activities	89.84	167.93	176.90	176.90	56.67	-2.61	0.00
Financing Activities
Debt Repayment	0.00	0.00	-7.00	-7.00	0.00	0.00	0.00
Common Stock Issued	5.74	75.19	0.00	-	1.56	0.00	0.00
Common Stock Repurchased	0.00	0.00	0.00	-	-2.00	0.00	0.00
Other Financing Activities	0.00	-10.14	-2.35	-2.35	-1.67	0.00	0.00
Net Cash from Financing Activities	5.74	65.05	-9.35	-9.35	-2.11	0.00	0.00
Summary
Net Change in Cash	-17.35	13.11	-28.43	-28.43	47.12	13.31	0.00
Cash at Beginning of Period	45.11	32.01	60.43	60.43	13.31	0.00	0.00
Cash at End of Period	27.76	45.11	32.01	32.01	60.43	13.31	0.00
Free Cash Flow	-121.99	-236.74	-196.04	-196.04	-22.12	0.18	0.00
Supplemental Disclosures
Interest Paid	-	1.20	-	3.66	1.64	-	-
Income Taxes Paid	-	1.28	-	-	0.78	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About BitFuFu Cash Flow

What is BitFuFu's free cash flow?

BitFuFu had negative free cash flow of $121.99M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$112.93M minus $9.06M of capital expenditures.

How much does BitFuFu spend on capital expenditures?

BitFuFu spent $9.06M on capital expenditures in fiscal 2025, compared with $16.86M a year earlier.

Does BitFuFu pay dividends or buy back shares?

BitFuFu's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition