Fusemachines Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 3, 2026, reporting revenue of $1.845 million for the three months ended September 30, 2026, and a continuing stockholders' deficit.

Key Highlights

  • Quarterly revenue: $1.845 million for the three months ended September 30, 2026, compared to $1.792 million in the same period of 2025, according to the filing.
  • Nine-month revenue: $5.518 million for the nine months ended September 30, 2026, down from $5.779 million in the nine months ended September 30, 2025.
  • Loss from operations: $(2.314) million for the three months ended September 30, 2026, compared to $(1.094) million in the prior-year quarter.
  • Total assets: $5.009 million as of September 30, 2026, down from $7.536 million as of December 31, 2025.
  • Stockholders' deficit: $(8.215) million as of September 30, 2026, compared to $(14.576) million as of December 31, 2025.
  • Shares outstanding: 32,544,711 shares of voting common stock outstanding as of November 2, 2026, with 32,424,711 shares issued and outstanding as of September 30, 2026.
  • Cash and cash equivalents: $1.454 million as of September 30, 2026, down from $4.221 million as of December 31, 2025.

Fusemachines Financial Position and Operating Results for Q3 2026

Fusemachines Inc. (NASDAQ:FUSE), a Delaware-incorporated company headquartered in New York, New York, reported quarterly revenue of $1.845 million for the three months ended September 30, 2026, according to its Form 10-Q. Cost of revenue for the quarter was $(864) thousand, producing gross profit of $981 thousand. Total operating expenses for the quarter reached $3.295 million, which included general and administrative expenses of $2.653 million, selling and marketing expenses of $356 thousand, and research and development costs of $286 thousand.

For the nine months ended September 30, 2026, the company disclosed revenue of $5.518 million against total operating expenses of $10.931 million, resulting in a loss from operations of $(8.039) million, compared to a loss from operations of $(3.263) million in the nine months ended September 30, 2025. General and administrative expenses for the nine-month period were $8.904 million, up from $5.131 million in the comparable prior-year period, according to the filing.

The condensed consolidated balance sheet as of September 30, 2026 shows total liabilities of $13.224 million and an accumulated deficit of $(43.573) million, compared to an accumulated deficit of $(35.145) million as of December 31, 2025. Current liabilities included a forward purchase derivative liability of $708 thousand, down substantially from $9.692 million at December 31, 2025, and convertible notes payable of $1.245 million. The company reported the filing is subject to forward-looking statements that are the company's own and subject to its cautionary language as described in the filing.

What Was Disclosed

Fusemachines Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing quarterly revenue of $1.845 million, a loss from operations of $(2.314) million, total assets of $5.009 million, and a stockholders' deficit of $(8.215) million.