Fusemachines (FUSE) Operating Expenses (2024 - 2026)

Fusemachines (FUSE) reported Operating Expenses of $4.0 million for Q1 2026, up 65.54% on a YoY basis from $2.4 million in Q1 2025, and down 52.28% sequentially from $8.3 million in Q4 2025.

Fusemachines (FUSE) Operating Expenses (2024 - 2026) Analysis & Trends

Fusemachines (FUSE) has 3 years of Operating Expenses data on file, last reported at $4.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 65.54% year-over-year to $4.0 million; the trailing twelve-month figure through Mar 2026 stood at $15.9 million (changed N/A YoY), and the FY2025 full-year result was $10.3 million, down 21.24% from the prior year.
  • Operating Expenses eased to $4.0 million in Q1 2026, 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.
  • A 3-year average of $4.7 million and a median of $3.2 million in 2025 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 84.76% in 2025, while the deepest fall reached 28.16% in 2025.
  • Tracing FUSE's Operating Expenses over 3 years: stood at $11.6 million in 2024, then decreased by 28.16% to $8.3 million in 2025, then slumped by 52.28% to $4.0 million in 2026.
  • Business Quant data shows FUSE's Operating Expenses at $4.0 million in Q1 2026, $8.3 million in Q4 2025, and $1.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Fusemachines 25.76 Mn 23.98 Mn 948,000.00 3.98 Mn

Historic Data

Download Data
DateValue
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