BitFuFu Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	452.74	284.11	198.2	103.04	1.23
Revenue Growth (YoY)	78.43%	43.34%	92.34%	8297.19%	-
Cost of Revenue	392.26	246.94	143.83	94.01	1.09
Gross Profit	60.48	37.17	54.37	9.03	0.14
Selling, General & Admin	10.32	5.54	4.69	3.03	0.58
Research & Development	3.89	1.74	1.56	0.47	0.69
Operating Expenses	39.21	31.84	24.99	3.5	1.27
Operating Income	21.27	5.33	29.37	5.53	-1.13
Interest Expense	-6.15	-5.54	-2.52	-	-
Interest & Investment Income	1.47	1.05	0.34	0.14	-
Other Non Operating Income (Expenses)	28.1	11.83	-13.57	0.37	0.03
EBT Excluding Unusual Items	44.69	12.68	13.63	6.03	-1.11
Gain (Loss) on Sale of Assets	-	-	-	-0.06	-
Asset Writedown	-	-	-11.85	-	-
Pretax Income	44.69	12.68	1.78	5.97	-1.11
Income Tax Expense	7.7	2.18	-0.67	1.04	-
Net Income	36.99	10.49	2.44	4.93	-1.11
Net Income to Common	36.99	10.49	2.44	4.93	-1.11
Net Income Growth	1119.24%	329.64%	-50.42%	-	-
Shares Outstanding (Basic)	158	150	149	143	158
Shares Outstanding (Diluted)	158	150	149	143	158
Shares Change (YoY)	6.68%	0.41%	4.83%	-9.75%	-
EPS (Basic)	0.23	0.07	0.02	0.03	-
EPS (Diluted)	0.23	0.07	0.02	0.03	-
EPS Growth	1042.93%	327.88%	-52.70%	-	-
Free Cash Flow	-	-196.04	-11.3	15.87	-
Free Cash Flow Per Share	-	-1.31	-0.08	0.11	-
Gross Margin	13.36%	13.08%	27.43%	8.76%	11.39%
Operating Margin	4.70%	1.88%	14.82%	5.37%	-92.21%
Profit Margin	8.17%	3.69%	1.23%	4.78%	-90.13%
Free Cash Flow Margin	-	-69.00%	-5.70%	15.40%	-
EBITDA	50.53	29.83	47.53	5.53	-
EBITDA Margin	11.16%	10.50%	23.98%	5.37%	-
D&A For EBITDA	29.26	24.5	18.16	0	-
EBIT	21.27	5.33	29.37	5.53	-1.13
EBIT Margin	4.70%	1.88%	14.82%	5.37%	-92.21%
Effective Tax Rate	17.22%	17.22%	-	17.48%	-

Source: S&P Capital IQ. Standard template. Financial Sources.