Quarterly ResultMay 15, 2026, 04:44 PM
Fusemachines Inc. Q1 Net Loss Widens to $(872)K; Revenue Falls
AI Summary
Fusemachines Inc. reported a widened net loss of $(872)K for the three months ended March 31, 2026, compared to a net loss of $(253)K in the prior year period. Revenue decreased to $1,879K from $1,954K, while operating expenses significantly increased. The company also saw a substantial increase in cash used in operating activities and a decrease in cash and cash equivalents, despite gains from fair value changes in liabilities.
Key Highlights
- Net loss for Q1 2026 widened to $(872)K, up from $(253)K in Q1 2025.
- Revenue for Q1 2026 decreased to $1,879K from $1,954K in Q1 2025.
- Loss from operations for Q1 2026 increased to $(3,035)K from $(1,316)K in Q1 2025.
- Cash and cash equivalents decreased to $1,774K as of March 31, 2026, from $4,221K at December 31, 2025.
- Net cash used in operating activities significantly increased to $(2,224)K in Q1 2026 from $(229)K in Q1 2025.
- Total operating expenses rose to $3,983K in Q1 2026 from $2,406K in Q1 2025.
- The company recognized a $1,588K gain from the change in fair value of forward purchase derivative liability in Q1 2026.
- Total stockholders' deficit increased to $(15,033)K as of March 31, 2026, from $(14,576)K at December 31, 2025.
Price Impact
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