Fusemachines (FUSE) Operating Expenses (2024 - 2026)
Fusemachines' (FUSE) quarterly Operating Expenses came in at $3.7 million in Q2 2026, up 77.5% year-over-year from $2.1 million in Q2 2025, and down 8.29% quarter-over-quarter from $4.0 million in Q1 2026.
Analysis
Fusemachines (FUSE) Operating Expenses (2024 - 2026) Analysis & Trends
Fusemachines has disclosed Operating Expenses across 3 years of filings, most recently posting $3.7 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 77.5% year-over-year to $3.7 million; the TTM figure through Jun 2026 stood at $17.1 million (up 2.52% YoY), while the FY2025 annual figure was $10.3 million, down 21.24% from the prior year.
- Operating Expenses came in at $3.7 million for Q2 2026 at Fusemachines, down from $4.0 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.
- Average Operating Expenses over 3 years is $4.2 million, with a median of $3.0 million recorded in 2025.
- The largest YoY upside for Operating Expenses was 84.76% in 2025 against a maximum downside of 28.16% in 2025.
- Over 3 years, Operating Expenses stood at $11.6 million in 2024, then slipped by 28.16% to $8.3 million in 2025, then plunged by 56.23% to $3.7 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $3.7 million in Q2 2026, $4.0 million in Q1 2026, and $8.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Baidu | 33.84 Bn | 11.45 Bn | 1.76 Mn | 4.17 Bn |
| 2 | Life360 | 3.59 Bn | 3.32 Bn | 126.90 Mn | 126.96 Mn |
| 3 | Soundhound Ai | 2.72 Bn | 2.52 Bn | 27.93 Mn | 105.20 Mn |
| 4 | C3.ai | 1.47 Bn | 892.91 Mn | 11.32 Mn | 132.48 Mn |
| 5 | Spire Global | 486.56 Mn | 394.89 Mn | 6.16 Mn | 26.05 Mn |
| 6 | Spectral Capital | 471.83 Mn | 466.30 Mn | 3.28 Mn | 5.14 Mn |
| 7 | Global AI | 147.15 Mn | 147.11 Mn | 82,446.00 | 891,409.00 |
| 8 | Veritone | 90.16 Mn | 77.74 Mn | 15.46 Mn | 46.40 Mn |
| 9 | Agassi Sports Entertainment | 81.18 Mn | 81.11 Mn | - | 283,746.00 |
| 10 | Fusemachines | 17.97 Mn | 17.60 Mn | 963,000.00 | 3.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.65 Mn |
| Mar 31, 2026 | 3.98 Mn |
| Dec 31, 2025 | 8.35 Mn |
| Sep 30, 2025 | 1.13 Mn |
| Jun 30, 2025 | 2.06 Mn |
| Mar 31, 2025 | 2.41 Mn |
| Dec 31, 2024 | 11.62 Mn |
| Sep 30, 2024 | 613,027.00 |