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Fusemachines (FUSE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Fusemachines (FUSE) reported revenue of $1.8M for the second quarter 2026 (Q2 2026), -12% from a year earlier and -5% from the quarter before. Operating margin was -149.9%, net loss $2.8M (158.8% of revenue).
Fusemachines, Q2 2026: revenue $1.8M (-12% year over year), operating margin -149.9%, net loss $2.8M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8M | -5% | -12% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$2.8M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $1.8M in Q2 2026, down 12% year over year and down 5% from the previous quarter. A I Solutions was the largest line at 99% of revenue. A I Solutions lost $129K year over year (down 7%), 54% of the total change.
Gross margin was 53.7%, down 5.6 points from a year earlier. Operating costs exceeded revenue by $2.7M, an operating margin of -149.9%. Operating expenses grew 78% against a revenue fall of 12%. The fastest-growing cost line was General & admin (+90%). The quarter ended with a net loss of $2.8M, wider than the previous quarter's $872K loss.
Operating cash flow was −$1.3M. Non-cash charges added back $26K of depreciation and amortization and $472K of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $7K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Fusemachines' revenue in the second quarter 2026?
Fusemachines (FUSE) reported revenue of $1.8M for the second quarter 2026 (Q2 2026), -12% from a year earlier and -5% from the quarter before.
Was Fusemachines profitable in the second quarter 2026?
Operating loss was $2.7M (-149.9% of revenue) and net loss $2.8M.
Source: Fusemachines 10-Q on SEC EDGAR.