Earnings Releases·Nov 3, 2026, 9:15 AM ET

Fusemachines — Q3 2026 Earnings Summary

Revenue increased 2.8% quarter-over-quarter to $1.85 million, though nine-month revenue declined 4.5% year-over-year to $5.518 million; GAAP net loss widened to $4.6 million ($0.15/share) from $2.8 million in Q2 2026, primarily due to a $2.2 million non-cash charge for forward purchase derivative liability changes.
Adjusted EBITDA loss narrowed 39.2% sequentially to $1.4 million, driven by a 9.8% reduction in total operating expenses to $3.3 million, while GAAP loss from operations improved 14.0% to $2.3 million.
Stockholders' equity improved by $9.1 million to $8.2 million, reducing the deficit from $17.4 million, though cash and cash equivalents decreased to $1.454 million and the company disclosed substantial doubt regarding its ability to continue as a going concern.
Management highlighted progress in cost-reduction initiatives and financial efficiency, noting the issuance of common stock to settle $1.758 million in vendor and employee obligations and $679 thousand in proceeds from forward purchase agreements during the nine-month period.