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Fusemachines Inc.

ir.fusemachines.com

What Do They Do?

Develops enterprise AI software and provides implementation services to businesses, alongside AI training programs for students and professionals.

How Do They Make Money?

Businesses pay mainly for AI implementation and consulting through monthly invoices based on time spent, generally due within 30 to 60 days. The company also sells term-based software licenses and provides AI training over the course.

revenue
SegmentShareRevenue
AI Solutions
Mix

98%
AI Education Services
Recurring
1.7%

Who Are Their Customers?

Businesses across consumer brands, healthcare, media, technology and government use its AI solutions. Fusemachines' engineers work with customer teams to customize, integrate and deploy them.

Do Revenues Turn Into Profits?

No. It lost $928K in FY2025.

Operating income, FY2025
−77% of revenue
▼ −27% (Loss) vs FY2024 (−$8.2M, −93%)
Net income, FY2025
−12% of revenue
▼ −94% (Loss) vs FY2024 (−$15.4M, −175%)
Free cash flow, FY2025
−72% of revenue
▲ +152% (Loss) vs FY2024 (−$2.2M, −25%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −12%
vs $2M in Q2 FY2025
Net income
▼ −25% (Loss)
vs −$3.8M in Q2 FY2025
A I Solutions share of revenue vs 94.1% in Q2 FY2025
  • Sep 4, 2026 Appointed a consulting chief financial officer David R. Wells will serve as consulting CFO and principal financial officer under a services agreement.
  • Aug 12, 2026 Qintess agreed to buy products and services under a three-year deal Qintess plans to use Fusemachines products internally and bring them to its enterprise clients across South America.
  • Aug 7, 2026 Chief financial officer departed; CEO took interim finance duties The company began searching for a successor CFO.
Revenue over time
AI Solutions AI Education Services
$10M$5M$0

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