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RUM

Rumble Inc.

RUM

Rumble Inc. • NASDAQ
$6.77 ▲ 0.15% (+0.01)
Market Cap $2.94 B
52w High $17.40
52w Low $5.11
Dividend Yield 0%
P/E -5.01
Volume 1.67M
Outstanding Shares 434.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $24.762M ▼ $23.805M ▼ $-16.262M ▲ -65.671% ▲ $-0.062 ▲ $-12.381M ▲
Q2-2025 $25.085M ▲ $25.182M ▼ $-30.225M ▼ -120.492% ▼ $-0.12 ▼ $-25.841M ▲
Q1-2025 $23.707M ▼ $30.054M ▲ $-2.65M ▲ -11.179% ▲ $-0.011 ▲ $-31.391M ▼
Q4-2024 $30.228M ▲ $19.923M ▼ $-236.753M ▼ -783.215% ▼ $-1.15 ▼ $-19.722M ▲
Q3-2024 $25.057M $21.445M $-31.539M -125.871% $-0.15 $-29.689M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $269.757M ▼ $367.174M ▼ $64.944M ▼ $302.231M ▼
Q2-2025 $283.81M ▼ $379.926M ▼ $65.705M ▲ $314.221M ▼
Q1-2025 $301.288M ▲ $391.122M ▲ $51.513M ▼ $339.61M ▲
Q4-2024 $114.019M ▼ $195.313M ▼ $258.428M ▲ $-63.115M ▼
Q3-2024 $131.987M $217.191M $51.049M $166.142M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-16.262M ▲ $-10.628M ▲ $-2.143M ▼ $-1.283M ▼ $-14.053M ▲ $-12.04M ▲
Q2-2025 $-30.225M ▼ $-15.884M ▼ $-905.626K ▲ $-688.174K ▼ $-17.478M ▼ $-16.79M ▼
Q1-2025 $-2.65M ▲ $-14.492M ▼ $-19.846M ▼ $221.608M ▲ $187.269M ▲ $-15.238M ▼
Q4-2024 $-236.753M ▼ $-12.358M ▲ $-4.362M ▼ $-45.736K ▲ $-16.766M ▲ $-12.377M ▲
Q3-2024 $-31.539M $-19.061M $-2.132M $-1.126M $-22.319M $-19.925M

Five-Year Company Overview

Income Statement

Income Statement Rumble is still very much in the “build and invest” stage rather than the “profit” stage. Revenue has been growing from a very small base, but the company’s costs are rising faster than its sales. That shows up as negative gross profit and sizeable operating losses. Net losses have widened recently, and per‑share losses have become noticeably larger. In plain terms, the business is scaling up its platform, content, and infrastructure but hasn’t reached the kind of size or monetization efficiency needed to cover its costs yet.

Balance Sheet

Balance Sheet The balance sheet shows a company that once had a comfortable cash cushion but has been drawing it down as losses accumulate. Total assets and cash have both stepped down over time, and recent results even show negative equity, meaning accumulated losses now exceed shareholders’ invested capital. On the positive side, there is effectively no financial debt, so the capital structure is simple. On the risk side, the shrinking asset base and negative equity underline the need for either improved profitability or fresh capital over time to support the growth plan.

Cash Flow

Cash Flow Cash flow from day‑to‑day operations has been consistently negative, reflecting a business that spends more cash than it brings in from its platform and services. Free cash flow is also negative, although spending on long‑term assets appears modest compared with operating outflows. This pattern is typical for an early‑stage, growth‑focused tech company but means Rumble is reliant on its existing cash and potential future financing to fund expansion, product development, and its infrastructure ambitions.

Competitive Edge

Competitive Edge Rumble’s core competitive angle is its “freedom‑first” positioning and independence from Big Tech infrastructure. It has carved out a niche with creators and audiences who feel underserved or restricted by mainstream platforms. The company’s control of its own video and cloud infrastructure is unusual for a player of its size and can be a strategic strength in terms of resilience and brand differentiation. At the same time, Rumble is competing in arenas dominated by very large, well‑funded rivals in video, advertising, and cloud computing. Its user base is loyal but more niche and sometimes politically charged, which can both deepen engagement and complicate relationships with advertisers and partners.

Innovation and R&D

Innovation and R&D Rumble is investing heavily in technology and product innovation relative to its size. It has built its own content delivery network, launched Rumble Cloud for infrastructure services, and expanded creator tools like Rumble Studio and the Locals subscription community platform. The planned move into AI infrastructure via the Northern Data acquisition, and the associated GPU‑as‑a‑service push, is a major strategic bet that could transform the company from a video‑centric platform into a broader cloud and AI provider. A commercial commitment from a large digital asset player helps validate the AI strategy but execution risk is high: integrating data centers, monetizing GPU capacity, and competing with global cloud giants will all be demanding and capital‑intensive.

Summary

Rumble is an early‑stage, high‑aspiration technology company trading near‑term financial comfort for long‑term strategic bets. The income statement and cash flows show a business that is still far from profitability and steadily consuming cash, with recent losses increasing. The balance sheet carries no traditional debt but has weakened as cash declined and equity turned negative, underscoring financial risk if performance does not improve or new capital is not raised. Against that backdrop, the company’s competitive and innovation story is ambitious: a differentiated “freedom‑first” brand, independent infrastructure, expanding creator tools, and an aggressive push into cloud and AI infrastructure. The long‑term opportunity is significant but uncertain, and the gap between the current financial profile and the future vision remains wide, making execution, capital access, and scaling of monetization the key factors to watch.

NEWS

November 10, 2025 · 12:58 AM UTC

Rumble Secures $100 Million Advertising Commitment from Tether

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November 10, 2025 · 12:56 AM UTC

Tether Doubles Down on Rumble, with an Initial Commitment of up to $150 Million of GPU Services to Fuel AI Plans

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November 10, 2025 · 12:53 AM UTC

Rumble to Acquire AI Infrastructure Company Northern Data

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November 10, 2025 · 12:46 AM UTC

Rumble Reports Third Quarter 2025 Results

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October 15, 2025 · 8:05 PM UTC

Rumble and Perplexity Introduce Subscription Bundle for Rumble Premium and Perplexity Pro

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