BitFuFu Inc. (FUFU)

Nasdaq: FUFU · Finance Services · Singapore · filing with the SEC since 2022

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Grade5.9

◀ Past 7.1● Present 6.1▶ Future 3.8

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of BitFuFu Inc.

Nine metrics read from its own filings, by tense

Headline grade

5.9/10

◀ Past7.140% of the headline

● Present6.135% of the headline

▶ Future3.825% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.1/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed

8.4/10

Has it survived what it has been through?

No warning events in its filings since 2022.

weight 45% of this tense · 84th percentile among 130 sector filers · read for itself

From the record

BitFuFu Inc.'s filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

8.3/10

What has it actually done, year after year?

+46.7% a year over 5 filed years; profitable in 4 of 5.

weight 22% of this tense · 82nd percentile among 104 sector filers · read for its customers

From the record

BitFuFu Inc.'s 5 filed years say what it did: revenue went from $103 million in fiscal 2021 to $478 million in fiscal 2025, up 46.7% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 4 of 5 of those years (its annual reports).

What it rests on

revenue growth over the filed span46.7%top 28% of its family
the share of years revenue rosetop 13% of its family
the share of filed years with a profittop 16% of its family
the deepest fall from a revenue peak0.0%top 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

4.5/10

How has it treated the people who own it?

Share count grew 4.3% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 45th percentile among 53 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, BitFuFu Inc.'s diluted share count grew about 4.3% a year, and dividends and buybacks returned about 0% of its net income over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 32% of its family
cash returned against operating cash flowbottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.1/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

5.8/10

Is it financially healthy right now?

ROE -21%: lost 21¢ per shareholder dollar. Leverage 58%: owes 58¢ per asset dollar.

weight 45% of this tense · 58th percentile among 117 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, BitFuFu Inc. lost about 21 cents for every dollar of shareholders' money, and gross profitability: its products earned about 8 cents per dollar of everything the company owns. Leverage: it owed about 58 cents per dollar of assets, and net share issuance: its share count grew 2.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 42% of its family
return on equitybottom 49% of its family
gross profit against assetstop 36% of its family
the share count against the year beforetop 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

6.9/10

How strong is its position in its industry?

top 31% of 114 in its family; net margin -6.5%.

weight 33% of this tense · 69th percentile among 114 sector filers · read for its customers

From the record

BitFuFu Inc.'s standing among 114 graded names in its industry family: revenue of $478 million in fiscal 2025 ranks in the top 24% by size; a net margin of -6.5% ranks in the top 37%; revenue growth of 34.1% a year over the last 3 filed years ranks in the top 32% (its annual reports).

What it rests on

revenue against the family$478Mtop 24% of its family
net margin-6.5%top 37% of its family
three-year revenue growth34.1%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.5/10

What are the people in charge doing?

SI estimate 5.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 74 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-27 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 74 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-27 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 74 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: BitFuFu Inc.'s leadership is put at 5.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-27 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 74 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.8/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

3.6/10

How much room does it have to grow?

bottom 36% of 108 in its family for room to expand.

weight 33% of this tense · 36th percentile among 108 sector filers · read for itself

From the record

BitFuFu Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $28 million against no long-term debt tagged leaves 7.8% of its assets as net cash, top 44% of its family; cash from operations less capital spending is -23.6% of revenue (top 41%); a gross margin of 6.1% (bottom 22%); research spending of 0.5% of revenue (bottom 5%) (its annual report).

What it rests on

cash less debt against assets7.8%top 44% of its family
cash from operations less capital spending against revenue-23.6%top 41% of its family
gross margin6.1%bottom 22% of its family
research spending against revenue0.5%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.5/10

What could actually drive growth from here?

bottom 45% of 100 in its family for growth drivers.

weight 33% of this tense · 45th percentile among 100 sector filers · read for its customers

From the record

BitFuFu Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 34.1% a year over the last three filed years against 46.7% over all 5, slowing (bottom 31% of its family); the newest year grew 3.1% (bottom 37%); research spending grew 17.6% a year (top 32%) (its annual reports). BitFuFu Inc. reported 5 product lines in fiscal 2025: Cloud Mining Solutions at $353 million (73%), Selfmining Revenue at $63 million (13%), Sale of Mining Equipment at $54 million (11%), and 2 more; 3 of 5 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-12.7 points a yearbottom 31% of its family
the newest year's revenue growth3.1%bottom 37% of its family
three-year growth of research spending17.6%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.4/10

Did its newest year beat what its own record pointed to?

bottom 34% of 78 in its family for expectations against reality.

weight 33% of this tense · 34th percentile among 78 sector filers · read for its shareholders

From the record

BitFuFu Inc.'s newest year against its own record: revenue of $478 million in fiscal 2025 came in 32.6% below the $708 million its prior three years' pace pointed to (bottom 23% of its family); net income of $31 million against a prior three-year average of $22 million (bottom 34%); a net margin of -6.5% against 5.5% before (bottom 44%) (its annual reports).

What it rests on

revenue against the prior three years' pace-32.6%bottom 23% of its family
net income against the prior three years' average-240%bottom 34% of its family
net margin against its prior average-12.1 pointsbottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FUFU · research, not advice