Fusemachines Inc 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File Number 001-42909 FUSEMACHINES INC. (Exact name of registrant as specified in its charter) 200 West 41st Street, 21st FloorNew York, New York 10036(Address of principal executive offices and zip code) (347) 212-5075(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act: Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of August 6, 2026, the registrant had 28,985,302 shares of voting common stock outstanding. Fusemachines Inc.FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2026 TABLE OF CONTENTS PART I - FINANCIAL INFORMATIONItem 1.Interim Financial StatementsCondensed Consolidated Balance Sheets as of June 30, 2026 (unaudited) and December 31, 20251Condensed Consolidated Statement of Operations and Comprehensive Loss for the three and six months ended June30, 2026 and 2025 (unaudited)2Condensed Consolidated Interim Statements of Stockholders’ Deficit3Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 2025 (unaudited)5Notes to Condensed Consolidated Financial Statements (Unaudited)6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk43Item 4.Controls and Procedures43PART II - OTHER INFORMATION45Item 1.Legal Proceedings45Item 1A.Risk Factors45Item 2.Unregistered Sales of Equity Securities and Use Of Proceeds48Item 3.Defaults Upon Senior Securities48Item 4.Mine Safety Disclosures48Item 5.Other Information48Item 6.Exhibits49SIGNATURES50 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (“Quarterly Report”) contains forward-looking statements within the meaning of Section 27A ofthe Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended(the “Exchange Act”). These forward-looking statements are based on our management’s current beliefs and assumptions and oninformation currently available to our management, and are contained principally in the sections entitled “Business,” “Risk Factors,”and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements includeall statements that are not historical facts and can be identified by terms such as “anticipates,” “believes,” “best in class,” “could,”“seeks,” “estimates,” “expects,” “first-in-class,” “focused,” “goal,” “intends,” “may,” “objective,” “opportunity,” “pipeline,” “plans,”“potential,” “predicts,” “projects,” “pursuing,” “should,” “target,” “treatment option,” “will,” “would,” “might,” “can,” “continue” orsimilar expressions and the negatives of those terms. These forward-looking statements include, among other things, statements about: ●our ability to effectively operate our business segments;●our ability to manage our research, development, expansion, growth and operating expenses;●our ability to evaluate and measure our business, prospects and performance metrics;●our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry;●our ability to respond and adapt to changes in technology and customer behavior;●our ability to protect our in