RUMBW
RUMBW
Rumble Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $27.07M ▲ | $12.33M ▼ | $-32.69M ▼ | -120.78% ▼ | $-0.13 ▼ | $7.05M ▲ |
| Q3-2025 | $24.76M ▼ | $23.8M ▼ | $-16.26M ▲ | -65.67% ▲ | $-0.06 ▲ | $-12.38M ▲ |
| Q2-2025 | $25.08M ▲ | $25.18M ▼ | $-30.22M ▼ | -120.49% ▼ | $-0.12 ▼ | $-25.84M ▲ |
| Q1-2025 | $23.71M ▼ | $30.05M ▲ | $-2.65M ▲ | -11.18% ▲ | $-0.01 ▲ | $-31.39M ▼ |
| Q4-2024 | $30.23M | $19.92M | $-236.75M | -783.22% | $-1.15 | $-19.72M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $237.92M ▼ | $336.85M ▼ | $62M ▼ | $274.84M ▼ |
| Q3-2025 | $269.76M ▼ | $367.17M ▼ | $64.94M ▼ | $302.23M ▼ |
| Q2-2025 | $283.81M ▼ | $379.93M ▼ | $65.7M ▲ | $314.22M ▼ |
| Q1-2025 | $301.29M ▲ | $391.12M ▲ | $51.51M ▼ | $339.61M ▲ |
| Q4-2024 | $114.02M | $195.31M | $258.43M | $-63.12M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $22M ▲ | $-29.43M ▼ | $-3.16M ▼ | $748.66K ▲ | $-31.84M ▼ | $-31.72M ▼ |
| Q3-2025 | $-16.26M ▲ | $-10.63M ▲ | $-2.14M ▼ | $-1.28M ▼ | $-14.05M ▲ | $-12.04M ▲ |
| Q2-2025 | $-30.22M ▼ | $-15.88M ▼ | $-905.63K ▲ | $-688.17K ▼ | $-17.48M ▼ | $-16.79M ▼ |
| Q1-2025 | $-2.65M ▲ | $-14.49M ▼ | $-19.85M ▼ | $221.61M ▲ | $187.27M ▲ | $-15.24M ▼ |
| Q4-2024 | $-236.75M | $-12.36M | $-4.36M | $-45.74K | $-16.77M | $-12.38M |
Revenue by Products
| Product | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Audience Monetization Member | $0 ▲ | $0 ▲ | $20.00M ▲ | $70.00M ▲ |
Other Initiatives Member | $0 ▲ | $0 ▲ | $0 ▲ | $10.00M ▲ |
Single Operating Segment Member | $20.00M ▲ | $30.00M ▲ | $0 ▼ | $0 ▲ |
Revenue by Geography
| Region | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
CANADA | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Other Member | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
UNITED STATES | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ |
Q2 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Rumble Inc.'s financial evolution and strategic trajectory over the past five years.
Rumble’s main strengths are its strong brand identity, loyal niche user and creator base, and substantial cash reserves with minimal debt. It has reached a meaningful level of revenue, showing that there is real demand for its platform and message. The company is also highly innovative, with a wide array of new products and a bold strategy to expand into AI and GPU cloud infrastructure, which could create new engines of growth. Its balance sheet provides a runway to pursue these initiatives without immediate pressure from creditors.
The most significant risks are financial and execution‑related. The business is currently deeply unprofitable, with thin gross margins and very high operating costs, and there is no clear historical trend yet showing consistent improvement. Persistent negative retained earnings highlight a track record of losses. The move into AI and cloud infrastructure, while promising, adds complexity and capital intensity, and pits Rumble against extremely strong, well‑funded competitors. The company’s positioning also exposes it to advertiser concentration risk, reputational swings, regulatory and political scrutiny, and potential volatility if key creators or partners leave the platform. Data anomalies in the reported cash flow and balance sheet figures also underline the need for careful due diligence on the underlying disclosures.
The outlook for Rumble is that of a high‑potential, high‑uncertainty story. If the company can successfully scale its audience, improve monetization (especially via its advertising center, Shorts, and international expansion), and leverage its planned AI infrastructure to create new revenue streams, its current investment in technology and content could eventually translate into a more sustainable business model. Conversely, if user and advertiser growth do not keep pace with spending, or if the AI and cloud strategy fails to gain traction, ongoing losses could steadily erode the company’s strong cash position. Future results will hinge on cost discipline, execution of its innovation roadmap, and the ability to broaden its appeal and revenue base while maintaining its differentiated brand.
About Rumble Inc.
https://www.rumble.comRumble Inc. operates video sharing platforms. The company operates rumble.com, a platform that enables video creators to host, livestream, manage, distribute, and create OTT feeds, as well as monetize their content. It also operates locals.com, a subscription-based video sharing platform. The company was founded in 2013 and is based in Longboat Key, Florida.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $27.07M ▲ | $12.33M ▼ | $-32.69M ▼ | -120.78% ▼ | $-0.13 ▼ | $7.05M ▲ |
| Q3-2025 | $24.76M ▼ | $23.8M ▼ | $-16.26M ▲ | -65.67% ▲ | $-0.06 ▲ | $-12.38M ▲ |
| Q2-2025 | $25.08M ▲ | $25.18M ▼ | $-30.22M ▼ | -120.49% ▼ | $-0.12 ▼ | $-25.84M ▲ |
| Q1-2025 | $23.71M ▼ | $30.05M ▲ | $-2.65M ▲ | -11.18% ▲ | $-0.01 ▲ | $-31.39M ▼ |
| Q4-2024 | $30.23M | $19.92M | $-236.75M | -783.22% | $-1.15 | $-19.72M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $237.92M ▼ | $336.85M ▼ | $62M ▼ | $274.84M ▼ |
| Q3-2025 | $269.76M ▼ | $367.17M ▼ | $64.94M ▼ | $302.23M ▼ |
| Q2-2025 | $283.81M ▼ | $379.93M ▼ | $65.7M ▲ | $314.22M ▼ |
| Q1-2025 | $301.29M ▲ | $391.12M ▲ | $51.51M ▼ | $339.61M ▲ |
| Q4-2024 | $114.02M | $195.31M | $258.43M | $-63.12M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $22M ▲ | $-29.43M ▼ | $-3.16M ▼ | $748.66K ▲ | $-31.84M ▼ | $-31.72M ▼ |
| Q3-2025 | $-16.26M ▲ | $-10.63M ▲ | $-2.14M ▼ | $-1.28M ▼ | $-14.05M ▲ | $-12.04M ▲ |
| Q2-2025 | $-30.22M ▼ | $-15.88M ▼ | $-905.63K ▲ | $-688.17K ▼ | $-17.48M ▼ | $-16.79M ▼ |
| Q1-2025 | $-2.65M ▲ | $-14.49M ▼ | $-19.85M ▼ | $221.61M ▲ | $187.27M ▲ | $-15.24M ▼ |
| Q4-2024 | $-236.75M | $-12.36M | $-4.36M | $-45.74K | $-16.77M | $-12.38M |
Revenue by Products
| Product | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Audience Monetization Member | $0 ▲ | $0 ▲ | $20.00M ▲ | $70.00M ▲ |
Other Initiatives Member | $0 ▲ | $0 ▲ | $0 ▲ | $10.00M ▲ |
Single Operating Segment Member | $20.00M ▲ | $30.00M ▲ | $0 ▼ | $0 ▲ |
Revenue by Geography
| Region | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
CANADA | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Other Member | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
UNITED STATES | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ | $20.00M ▲ |
Q2 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Rumble Inc.'s financial evolution and strategic trajectory over the past five years.
Rumble’s main strengths are its strong brand identity, loyal niche user and creator base, and substantial cash reserves with minimal debt. It has reached a meaningful level of revenue, showing that there is real demand for its platform and message. The company is also highly innovative, with a wide array of new products and a bold strategy to expand into AI and GPU cloud infrastructure, which could create new engines of growth. Its balance sheet provides a runway to pursue these initiatives without immediate pressure from creditors.
The most significant risks are financial and execution‑related. The business is currently deeply unprofitable, with thin gross margins and very high operating costs, and there is no clear historical trend yet showing consistent improvement. Persistent negative retained earnings highlight a track record of losses. The move into AI and cloud infrastructure, while promising, adds complexity and capital intensity, and pits Rumble against extremely strong, well‑funded competitors. The company’s positioning also exposes it to advertiser concentration risk, reputational swings, regulatory and political scrutiny, and potential volatility if key creators or partners leave the platform. Data anomalies in the reported cash flow and balance sheet figures also underline the need for careful due diligence on the underlying disclosures.
The outlook for Rumble is that of a high‑potential, high‑uncertainty story. If the company can successfully scale its audience, improve monetization (especially via its advertising center, Shorts, and international expansion), and leverage its planned AI infrastructure to create new revenue streams, its current investment in technology and content could eventually translate into a more sustainable business model. Conversely, if user and advertiser growth do not keep pace with spending, or if the AI and cloud strategy fails to gain traction, ongoing losses could steadily erode the company’s strong cash position. Future results will hinge on cost discipline, execution of its innovation roadmap, and the ability to broaden its appeal and revenue base while maintaining its differentiated brand.

CEO
Christopher Pavlovski
Compensation Summary
(Year )
Upcoming Earnings
Ratings Snapshot
Rating : D+
Price Target
Institutional Ownership
LMR PARTNERS LLP
Shares:1.49M
Value:$1.69M
ZAZOVE ASSOCIATES LLC
Shares:1.13M
Value:$1.28M
CANTOR FITZGERALD, L. P.
Shares:550K
Value:$621.5K
Summary
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