BitFuFu Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	396.96	463.33	284.11	198.2	103.04	1.23
Revenue Growth (YoY)	7.13%	63.08%	43.34%	92.34%	8297.19%	-
Cost of Revenue	357.8	408.92	246.94	143.83	94.01	1.09
Gross Profit	39.17	54.41	37.17	54.37	9.03	0.14
Selling, General & Admin	32.88	32.73	5.55	4.69	3.03	0.58
Research & Development	5.57	5.6	1.74	1.56	0.47	0.69
Operating Expenses	63.11	63.02	31.84	24.99	3.5	1.27
Operating Income	-23.94	-8.61	5.33	29.37	5.53	-1.13
Interest Expense	-6.91	-6.33	-5.54	-2.52	-	-
Interest & Investment Income	2.33	2.04	1.06	0.34	0.14	-
Other Non Operating Income (Expenses)	37.02	82.61	11.83	-13.57	0.37	0.03
EBT Excluding Unusual Items	8.5	69.71	12.68	13.63	6.03	-1.11
Gain (Loss) on Sale of Assets	-	-	-	-	-0.06	-
Asset Writedown	-8.08	-8.08	-	-11.85	-	-
Pretax Income	0.42	61.63	12.68	1.78	5.97	-1.11
Income Tax Expense	-1.42	7.67	2.18	-0.67	1.04	-
Net Income	1.78	53.96	10.5	2.44	4.93	-1.11
Net Income to Common	1.78	53.96	10.5	2.44	4.93	-1.11
Net Income Growth	-95.86%	414.18%	329.77%	-50.43%	-	-
Shares Outstanding (Basic)	163	161	150	149	143	158
Shares Outstanding (Diluted)	168	166	150	149	143	158
Shares Change (YoY)	11.26%	10.33%	0.41%	4.83%	-9.75%	-
EPS (Basic)	0.01	0.34	0.07	0.02	0.03	-
EPS (Diluted)	0.01	0.33	0.07	0.02	0.03	-
EPS Growth	-96.17%	371.66%	328.00%	-52.71%	-	-
Free Cash Flow	-	-219.91	-196.04	-11.3	15.87	-
Free Cash Flow Per Share	-	-1.33	-1.31	-0.08	0.11	-
Gross Margin	9.87%	11.74%	13.08%	27.43%	8.76%	11.39%
Operating Margin	-6.03%	-1.86%	1.88%	14.82%	5.37%	-92.22%
Profit Margin	0.45%	11.65%	3.69%	1.23%	4.78%	-90.13%
Free Cash Flow Margin	-	-47.46%	-69.00%	-5.70%	15.40%	-
EBITDA	0.85	16.12	29.83	47.53	5.53	-
EBITDA Margin	0.21%	3.48%	10.50%	23.98%	5.37%	-
D&A For EBITDA	24.79	24.73	24.5	18.16	0	-
EBIT	-23.94	-8.61	5.33	29.37	5.53	-1.13
EBIT Margin	-6.03%	-1.86%	1.88%	14.82%	5.37%	-92.22%
Effective Tax Rate	-	12.44%	17.22%	-	17.48%	-

Updated Jun 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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