Bitfufu Inc. (FUFU) intrinsic value & 10-year financials

Bitfufu Inc. (FUFU) has a Graham intrinsic value of $10.96 per share. At $1.15 on Oct 27, 2026, the stock trades 90% below that value. Over the last 6 fiscal years revenue grew 41.6% a year to $414.4M, with an average return on invested capital of 51.0%.

Graham intrinsic value
$10.96
Share price (Oct 27, 2026)
$1.15
Price vs Graham value
90% below
Market cap
$195.1M
Revenue (FY2025)
$414.4M
Revenue growth (6-yr CAGR)
41.6%
ROIC (10-yr avg)
51.0%
Free cash flow (FY2025)
—

FUFU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $414.4M -$31.3M -$0.18 — -5.7% -10.4%
FY2024 $305.8M $54.0M $0.33 — 21.6% 36.8%
FY2023 $183.9M $10.5M $0.07 — 9.0% 18.7%
FY2022 $137.9M $2.4M $0.02 — 2.8% 6.8%
FY2021 $103.0M $4.9M $0.03 — 5.7% 203.1%
FY2020 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Bitfufu Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Bitfufu Inc. returns on capital have been average, hovering around 13.0% ROIC over the decade.

Bitfufu Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Bitfufu Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.96 per share.

FUFU stock: frequently asked questions

What is the intrinsic value of Bitfufu Inc. (FUFU) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, FUFU's intrinsic value is about $10.96 per share.

Is FUFU stock undervalued?

At $1.15 (close on Oct 27, 2026), FUFU trades 90% below its Graham value of $10.96. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is FUFU's return on invested capital?

Average ROIC over the last 6 fiscal years was 51.0%, and average return on equity was 75.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FUFU data come from?

From Bitfufu Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 28, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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