How profitable is Fusemachines Inc. (FUSE)?

In FY 2025 (10-K), FUSE converted $7.7M of revenue into a 55.8% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

Stock Ratings / Technology / FUSE / financials

OPNW (31) SLE (36) VEEA (29) TGHL (34) ⌘ Pro Terminal →

Fusemachines Inc. (FUSE) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$0.38 -0.73% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $0.38

Fusemachines Inc. (FUSE) carries a Roarable Rating of E (Strong Sell) with 29/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $12.5M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FUSE stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Fusemachines Inc. (NASDAQ: FUSE) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 29/100 at a spot price of $0.38 (-0.73% 1D, market cap $12.5M). Pillar breakdown: Fundamental Cash Engine 4/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 8/20, and Executive Insider Alignment 3/20. Across 715 tracked Technology issuers, FUSE ranks #612 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FUSE compare to OPNW and SLE in the Technology sector?

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Within the Technology sector (EDP Services), FUSE carries a Roarable E (29/100 RQD), trailing P/E of N/A, gross margin of 55.8%, and ROIC of -35.0%. By comparison, OPNW (OpenWorld Inc.) holds a E grade (31/100 RQD, P/E N/A, ROIC -35.0%, cap $12.3M) and SLE (Super League Enterprise Inc.) posts a D- grade (36/100 RQD, P/E N/A, ROIC -35.0%, cap $14.6M). Among the 5-stock peer group, FUSE leads on earnings multiple (N/A) while FUSE leads on capital efficiency (-35.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FUSE?

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Per FUSE's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0002033383), Fusemachines Inc. generated $7.7M in revenue (-12.5% YoY), -$928.0K in net income, and -$5.6M in free cash flow against $7.5M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $0.38 (-0.32%)🧬 Dilution Drag (+1.28% YoY Shares)⚙️ Cash Engine: 4/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (29/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-9.8% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-13.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FUSE)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (29/100 Composite)

🔍 WHY FUSE SCORES 29/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+8/20 pts (28% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 2/9

▲ #2 Bullish Driver: Macro Regime Fit+8/20 pts (28% of score)

FRED Regime × Technicals: 2% of 52W Range • RSI-14 at 42.3 (NEUTRAL RANGE)

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+1.28% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$0.39-5.1% Next Q

Q2 (-2Q)

Grade E$0.37-8.1% Next Q

Q3 (-1Q)

Grade E$0.34+11.8% Next Q

Current

Grade E$0.38-9.8% Hist 90D α

Trajectory: E (37) → E (29)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a FUSE Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While FUSE currently carries a cautious 29/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($0.51) and Max Pain ($0.40) forces dealer call-delta covering toward $3.85.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.28% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FUSE• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “FUSE Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 29%NO 71%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How FUSE Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY24

Rev $8.8M

FY25

Rev $7.7M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$7.7M	55.8%	-77.2%	-$928.0K	-$5.6M	-45%
FY 2024	$8.8M	54.9%	-80%	-$15.4M	-$2.2M	-45%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FUSE)

✓Walkthrough of FUSE's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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FUSE // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -76.54%📐 HORIZONTAL RANGE

2026-11-03O $0.36H $0.38L $0.36C $0.38VOL 125.5K

RES: $1.85SUP: $0.20SMA50: $0.51SMA200: $1.11

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FUSE Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FUSE Butterfly Map → + Track FUSE →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

8.0%/yr Implied 5Y Growth

vs. -12.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on FUSE today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FUSE. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for FUSE today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FUSE)

Technology Rank #612 of 715 ⚔️ OPNW vs FUSE Full Matrix →

1. Head-to-Head Technology Peer Comparison (FUSE vs. OPNW, SLE, VEEA, TGHL)

Industry: EDP Services (163 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Fusemachines Inc. (FUSE) ranks #612 by composite RQD confidence (29/100, grade E) and #634 by equity capitalization ($12.5M). Within this direct 5-issuer industry benchmark cohort, FUSE leads on earnings valuation at N/A trailing P/E, while FUSE leads on capital efficiency and profitability with -35.0% ROIC and 55.8% gross margin. SLE currently holds the highest overall quantitative score in the immediate peer group at 36/100 (D-) compared with FUSE at 29/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
FUSE ACTIVE Fusemachines Inc.	E	29/100	—	55.8%	-35.0%	-0.73%	$12.5M	Benchmark Subject
OPNW OpenWorld Inc.	E	31/100	—	38.5%	-35.0%	-17.29%	$12.3M	/opnw-vs-fuse →
SLE Super League Enterprise Inc.	D-	36/100	—	40.5%	-35.0%	-1.56%	$14.6M	/sle-vs-fuse →
VEEA Veea Inc.	E	29/100	—	68.5%	-35.0%	-10.79%	$15.0M	/veea-vs-fuse →
TGHL The GrowHub Limited (Class A)	E	34/100	—	—	-35.0%	0.00%	$10.4M	/tghl-vs-fuse →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2024–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0002033383 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Fusemachines Inc. (FUSE) reported GAAP revenue of $7.7M (-12.5% vs. FY2024 revenue of $8.8M ) , GAAP net income of -$928.0K, operating cash flow of -$5.5M, and free cash flow of -$5.6M (-151.9% YoY). On the balance sheet, FUSE closed FY2025 with $7.5M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 2/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$7.7M	-$928.0K	-$5.5M	-$5.6M	$7.5M	—
FY2024 (FY)	2024-12-31	$8.8M	-$15.4M	-$2.2M	-$2.2M	$5.5M	$6.7M

3. FUSE Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FUSE stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does FUSE compare to OPNW and SLE in the Technology sector?

What are the biggest fundamental strengths and SEC risk factors for FUSE?

Where is FUSE trading relative to its 50-day, 200-day, and 52-week technical levels?

FUSE last traded at $0.38 (-0.73% on volume of 31,066 shares), positioning the stock -25.49% below its 50-day simple moving average ($0.51) and -65.77% below its 200-day simple moving average ($1.11). Across its 52-week range of $0.32 to $3.67, FUSE sits at the 1.8% percentile with a 14-day RSI of 42.3 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.00 to $0.43).

Direct Sub-Reports: FUSE RQD Cockpit FUSE 12M Forecast FUSE Earnings & Move FUSE Dividends & DRIP FUSE Insiders & 13F FUSE Whale Options FUSE Profit Sankey FUSE News & Why

ROARABLE RATING BRIEF • RQD 29/100 (E) ✓ SEC XBRL & RQD VERIFIED

FUSE — Fusemachines Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Fusemachines Inc. (FUSE) earns a live Roarable RQD composite score of 29/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $0.38 (-0.73% 1D, market capitalization $12.5M).

Fundamental Cash Engine (4/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of 55.8%, operating margin of -60.0%, and free cash flow yield of —.
Whale 13F & Options Flow (6/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (8/20) + Forensic Balance Sheet (8/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 2/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Fusemachines Inc. Is a NASDAQ-listed issuer in the Technology sector, operating in the EDP Services industry. Per the recent news wire, the company has rolled out compliance features in HireFoundry.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Fusemachines Inc. (FUSE) reported $7.7M in annual revenue (up from $8.8M in FY2024, -12.5% YoY) and -$928.0K in GAAP net income. Over the multi-year SEC filing window from FY2024 ($8.8M revenue, -$15.4M net income) through FY2025, FUSE scaled operating cash flow to -$5.5M and free cash flow to -$5.6M, backed by $7.5M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (E • RQD 29/100): Established market leader in Technology with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 6/20. With Fundamental Cash Engine at 4/20 and Institutional Whale Flow at 6/20, sustained execution supports upside toward the upper end of the $0.32 – $3.67 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -60.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in EDP Services (Technology), FUSE carries a macro regime beta of 1.00 and gross margin of 55.8%.

Key Question #1: Can FUSE sustain or expand its -60.0% operating margin and -35.0% ROIC against EDP Services peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $7.7M and free cash flow of -$5.6M, how will capital allocation balance growth reinvestment against $0 in total debt?
Key Question #3: How sensitive is FUSE's equity valuation to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

FUSE Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Fusemachines Inc. (FUSE) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FUSE Debate Forum (3) ↓

🟡 MARKET WIRE TradingView • 1d ago

Fusemachines Inc. Estimates – NASDAQ:FUSE

TradingView report covering Fusemachines Inc. (FUSE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

Candidates who decline AI still interview with a recruiter

Stock Titan report covering Fusemachines Inc. (FUSE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE www.marketscreener.com • 1d ago

Fusemachines Inc. Rolls Out Compliance Features in HireFoundry.ai

www.marketscreener.com report covering Fusemachines Inc. (FUSE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Moomoo • 1d ago

Fusemachines Rolls Out Compliance Features in HireFoundry.ai to Help Enterprises Navigate Evolving U.S. State AI Hiring Laws

Moomoo report covering Fusemachines Inc. (FUSE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Benzinga • 1d ago

12 Information Technology Stocks Moving In Friday's After-Market Session

Benzinga report covering Fusemachines Inc. (FUSE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Fusemachines Resets Meteora Warrant Exercise Price and Shortens Term to 2027

TradingView report covering Fusemachines Inc. (FUSE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Investing.com India • 1d ago

Fusemachines launches HireFoundry.ai recruitment platform By Investing.com

Investing.com India report covering Fusemachines Inc. (FUSE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST https://www.dars.gov.et/ • 1d ago

Fusemachines (FUSE) Jumps 7.97% to $0.37 as Volume and Support Hold - Volatility Smile

https://www.dars.gov.et/ report covering Fusemachines Inc. (FUSE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FUSE Bull vs. Bear Conversation Board — What's Your Call at $0.38?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FUSE 🐻 33% BEARISH CONVICTION

SI SiliconVal_Bull RQD DEBATE OPENER • Growth & Tech Investor 🐂 BULLISH 🎯 Target: $0.48 (+26.3%)

📌 Pinned Debate

The stock trades at a $12.0M market cap with cash rising from $0.5M to $4.2M year over year, and operating losses narrowed from -$8.2M

The stock trades at a $12.0M market cap with cash rising from $0.5M to $4.2M year over year, and operating losses narrowed from -$8.2M to -$6.0M.. When you look under the hood at FUSE, Fundamental Cash Engine is 4/20 with 55.8% gross margins and -35.0% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (6/20) has been quietly accumulating below $3.67. My 12M target is $0.48.

VolSurface_Trader 🐂 BULL

Both sides have a point here — FUSE's 8/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

SH ShortSeller_Dan RQD DEBATE OPENER • Forensic Short Bias 🐻 BEARISH 🎯 Target: $0.31 (-18.4%)

Spot @ $0.38

With ROIC at -35%, FCF yield at 0%, and a Piotroski F-Score of 2/9, the company is not generating returns and the RQD rating is a Stron

Careful chasing FUSE at $0.38. With ROIC at -35%, FCF yield at 0%, and a Piotroski F-Score of 2/9, the company is not generating returns and the RQD rating is a Strong Sell.. Gross margin is 55.8%, but operating margin is -60.0%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $0.31 on multiple compression.