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
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