RUMBW - Rumble Inc. Stock Analysis | Stock Taper
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Rumble Inc.

RUMBW

Rumble Inc. NASDAQ
$1.43 -3.67% (-0.05)

Market Cap $484.61 M
52w High $2.26
52w Low $1.32
P/E 0
Volume 10.98K
Outstanding Shares 338.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
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
Q3-2024 $25.06M $21.45M $-31.54M -125.87% $-0.15 $-29.69M

What's going well?

The company cut operating expenses and saw its net loss shrink by nearly half. Other income provided a helpful boost, and spending discipline is improving.

What's concerning?

Product costs are higher than sales, leading to negative gross margins. The core business is losing money, and revenue is not growing.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
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
Q3-2024 $131.99M $217.19M $51.05M $166.14M

What's financially strong about this company?

The company has a huge cash cushion, almost no debt, and most of its assets are high-quality and liquid. It can easily pay its bills and has little risk from hidden obligations.

What are the financial risks or weaknesses?

Retained earnings are deeply negative, showing the company has lost money over its history. Book value and cash are both down from last quarter, so the trend is slightly negative.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
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
Q3-2024 $-31.54M $-19.06M $-2.13M $-1.13M $-22.32M $-19.92M

What's strong about this company's cash flow?

Losses and cash burn are improving each quarter, showing better cost control. The company still has a healthy $270 million in cash, giving it time to turn things around.

What are the cash flow concerns?

The business is still losing real cash each quarter, and ongoing stock-based compensation continues to dilute shareholders. Without a turnaround, cash will eventually run out.

Revenue by Geography

Region Q4-2023Q1-2024Q2-2024Q4-2024
CANADA
CANADA
$0 $0 $0 $0
Other Member
Other Member
$0 $0 $0 $0
UNITED STATES
UNITED STATES
$20.00M $20.00M $20.00M $50.00M

Q2 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at Rumble Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Rumble combines rapid revenue growth with a clearly defined niche as a “freedom‑first” platform, which has fostered a loyal creator and user community. It has shown the ability to raise capital, build proprietary infrastructure like Rumble Cloud, and expand into adjacent services such as ad tech and subscription communities. Traditional debt levels are modest, and the company is pursuing ambitious innovation in AI and cloud infrastructure that, if successful, could broaden its markets and deepen its ecosystem.

! Risks

The primary risks center on financial sustainability and execution. Profitability metrics are deeply negative at every level, with negative gross margins and large operating losses, leading to heavy cash burn. Liquidity has deteriorated sharply, with shrinking cash balances, surging short‑term obligations, and now negative equity, all of which raise questions about solvency if conditions do not improve. Strategically, Rumble faces powerful competitors in video, cloud, and AI, potential advertiser hesitancy due to its positioning, and substantial integration and capital risks tied to its infrastructure and AI ambitions.

Outlook

The outlook is highly uncertain and hinges on whether Rumble can transition from a fast‑growing but cash‑consuming platform into a more balanced, monetization‑driven business before financial pressures force difficult choices. Success would likely require better unit economics, stronger advertising and subscription monetization, tighter cost control, and effective execution of its cloud and AI roadmap. The range of possible outcomes is wide, spanning from a scaled, vertically integrated niche ecosystem to a scenario where funding constraints or competitive pressures significantly limit its future trajectory.