Fusemachines (FUSE) Balance Sheet: Assets & Liabilities

Fusemachines (FUSE) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Fusemachines reported total assets of $7.54M and total liabilities of $22.11M. Shareholders' equity was negative at −$14.58M, meaning liabilities exceed assets. Total debt stood at $1.48M against $4.22M in cash and short-term investments, a net cash position of $2.74M.

Fusemachines Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for Fusemachines Inc. (FUSE) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Current Assets
Cash and Cash Equivalents	4.22	0.50	0.27	0.90	0.00
Short-Term Investments	0.00	0.00	51.98	0.00	0.00
Cash & Short-Term Investments	4.22	0.50	0.27	0.90	0.00
Accounts Receivable	1.40	1.43	1.25	1.01	0.00
Inventory	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.64	2.08	0.05	0.03	0.00
Total Current Assets	6.25	4.12	1.79	1.97	0.00
Non-Current Assets
Property, Plant & Equipment (Net)	1.05	1.22	1.42	1.36	0.00
Intangible Assets	0.21	0.19	0.11	0.03	0.00
Other Non-Current Assets	0.02	0.02	0.00	0.00	0.84
Total Non-Current Assets	1.28	1.42	1.56	1.39	0.84
Total Assets	7.54	5.55	3.35	3.36	0.84
Current Liabilities
Accounts Payable	5.01	6.54	1.17	0.56	0.00
Short-Term Debt	0.73	0.70	0.19	0.40	0.13
Current Portion of Long-Term Debt	0.64	9.24	0.19	0.40	-
Accrued Liabilities	4.62	3.70	1.81	0.70	-
Deferred Revenue	0.00	0.05	0.02	0.19	0.00
Other Current Liabilities	14.31	0.24	0.16	0.08	0.74
Total Current Liabilities	20.05	20.31	3.43	1.96	0.87
Non-Current Liabilities
Long-Term Debt	0.75	6.72	6.03	3.33	0.00
Other Non-Current Liabilities	1.31	1.95	1.38	0.89	0.00
Total Non-Current Liabilities	2.06	9.55	8.38	5.28	0.00
Total Liabilities	22.11	29.85	11.82	7.23	0.87
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-35.15	-34.22	-18.83	-12.07	-0.05
Accumulated Other Comprehensive Income	0.26	0.25	0.19	0.20	0.00
Treasury Stock	-	2.90	-	-	-
Additional Paid-in Capital	31.31	4.70	2.31	0.15	0.02
Shares Outstanding	28.94	26.50	26.50	26.50	-
Total Stockholders' Equity	-14.58	-24.31	-8.47	-3.88	-0.02
Total Liabilities & Equity	18.54	5.55	3.35	3.36	0.84

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

Frequently Asked Questions About Fusemachines Balance Sheet

How much debt does Fusemachines have?

Fusemachines had total debt of $1.48M as of Dec 31, 2025, against $4.22M in cash and short-term investments. Total debt was $7.42M a year earlier.

What are Fusemachines's total assets?

Fusemachines reported total assets of $7.54M as of Dec 31, 2025, up 35.8% from $5.55M a year earlier. Total liabilities were $22.11M.

What is Fusemachines's shareholders' equity?

Fusemachines's shareholders' equity was negative at −$14.58M as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition