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	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	423.7	284.11	198.2	103.04	1.23
Revenue Growth (YoY)	69.05%	43.34%	92.34%	8297.19%	-
Cost of Revenue	364.49	246.94	143.83	94.01	1.09
Gross Profit	59.21	37.17	54.37	9.03	0.14
Selling, General & Admin	7.52	5.54	4.69	3.03	0.58
Research & Development	1.64	1.74	1.56	0.47	0.69
Operating Expenses	33.78	31.84	24.99	3.5	1.27
Operating Income	25.42	5.33	29.37	5.53	-1.13
Interest Expense	-6.15	-5.54	-2.52	-	-
Interest & Investment Income	1.42	1.05	0.34	0.14	-
Other Non Operating Income (Expenses)	26.69	11.83	-13.57	0.37	0.03
EBT Excluding Unusual Items	47.38	12.68	13.63	6.03	-1.11
Gain (Loss) on Sale of Assets	-	-	-	-0.06	-
Asset Writedown	-	-	-11.85	-	-
Pretax Income	47.38	12.68	1.78	5.97	-1.11
Income Tax Expense	8.07	2.18	-0.67	1.04	-
Net Income	39.31	10.49	2.44	4.93	-1.11
Net Income to Common	39.31	10.49	2.44	4.93	-1.11
Net Income Growth	983.42%	329.64%	-50.42%	-	-
Shares Outstanding (Basic)	155	150	149	143	158
Shares Outstanding (Diluted)	155	150	149	143	158
Shares Change (YoY)	6.41%	0.41%	4.83%	-9.75%	-
EPS (Basic)	0.25	0.07	0.02	0.03	-
EPS (Diluted)	0.25	0.07	0.02	0.03	-
EPS Growth	918.16%	327.88%	-52.70%	-	-
Free Cash Flow	-239.8	-196.04	-11.3	15.87	-
Free Cash Flow Per Share	-1.55	-1.31	-0.08	0.11	-
Gross Margin	13.97%	13.08%	27.43%	8.76%	11.39%
Operating Margin	6.00%	1.88%	14.82%	5.37%	-92.21%
Profit Margin	9.28%	3.69%	1.23%	4.78%	-90.13%
Free Cash Flow Margin	-56.60%	-69.00%	-5.70%	15.40%	-
EBITDA	49.99	29.83	47.53	5.53	-
EBITDA Margin	11.80%	10.50%	23.98%	5.37%	-
D&A For EBITDA	24.57	24.5	18.16	0	-
EBIT	25.42	5.33	29.37	5.53	-1.13
EBIT Margin	6.00%	1.88%	14.82%	5.37%	-92.21%
Effective Tax Rate	17.04%	17.22%	-	17.48%	-

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