Fusemachines (FUSE) Operating Expenses (2024 - 2026)
Fusemachines' (FUSE) quarterly Operating Expenses came in at $4.0 million in Q1 2026, up 65.54% year-on-year from $2.4 million in Q1 2025, and down 52.28% quarter-over-quarter from $8.3 million in Q4 2025.
Fusemachines (FUSE) Operating Expenses (2024 - 2026) Analysis & Trends
Fusemachines has disclosed Operating Expenses across 3 years of filings, most recently posting $4.0 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $4.0 million, up 65.54% year-over-year; the trailing twelve-month figure through Mar 2026 was $15.9 million (changed N/A YoY), and the FY2025 annual result was $10.3 million, down 21.24% from the prior year.
- Operating Expenses came in at $4.0 million for Q1 2026 at Fusemachines, down from $8.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $11.6 million in Q4 2024 to a low of $613027.0 in Q3 2024.
- The 3-year median for Operating Expenses is $3.2 million (2025), against an average of $4.7 million.
- Peak annual rise in Operating Expenses reached 84.76% in 2025, while the deepest fall reached 28.16% in 2025.
- Fusemachines' Operating Expenses stood at $11.6 million in 2024, then slipped by 28.16% to $8.3 million in 2025, then sank by 52.28% to $4.0 million in 2026.
- The last three Operating Expenses figures came in at $4.0 million (Q1 2026), $8.3 million (Q4 2025), and $1.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 262.33 Bn | 244.36 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 173.49 Bn | 170.93 Bn | - | -269.42 Mn |
| 3 | Salesforce | 158.80 Bn | 146.96 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Shopify | 144.36 Bn | 138.62 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Uber Technologies | 144.25 Bn | 143.21 Bn | 11.88 Bn | 11.28 Bn |
| 6 | ServiceNow | 118.74 Bn | 113.56 Bn | 2.83 Bn | 2.33 Bn |
| 7 | Cadence Design Systems | 107.33 Bn | 105.92 Bn | 1.26 Bn | 1.04 Bn |
| 8 | Adobe | 100.50 Bn | 93.61 Bn | 5.73 Bn | 3.32 Bn |
| 9 | Automatic Data Processing | 92.49 Bn | 89.26 Bn | 2.87 Bn | 4.23 Bn |
| 10 | Fusemachines | 36.03 Mn | 34.25 Mn | 948,000.00 | 3.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.98 Mn |
| Dec 31, 2025 | 8.35 Mn |
| Sep 30, 2025 | 1.13 Mn |
| Mar 31, 2025 | 2.41 Mn |
| Dec 31, 2024 | 11.62 Mn |
| Sep 30, 2024 | 613,027.00 |