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RUMBW

Rumble Inc.

RUMBW

Rumble Inc. • NASDAQ
$2.27 ▼ -1.30% (-0.03)
Market Cap $3.20 B
52w High $2.31
52w Low $2.19
Dividend Yield 0%
P/E 0
Volume 12.24K
Outstanding Shares 1.41B

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 in an early, heavy‑investment phase. Revenue has been growing from a very small base, but the business is not yet profitable at any level. Gross profit has slipped into the red, and operating losses have widened recently rather than narrowing. Net losses per share have grown meaningfully, which signals that the company is spending aggressively on growth and infrastructure while monetization is lagging behind audience and product expansion. Overall, the income statement shows a company prioritizing scale and platform build‑out over near‑term earnings, with profitability likely still some distance away.

Balance Sheet

Balance Sheet The balance sheet shows a shift from a previously comfortable capital position to a more strained one. Cash and total assets have come down from earlier peaks, while cumulative losses have now eroded shareholder equity into negative territory. On the positive side, the company appears to carry no financial debt, which reduces financing risk and interest burden. However, the combination of ongoing losses, shrinking cash reserves, and negative equity underscores a growing reliance on future capital raises, improved cash generation, or asset deals to support its ambitions.

Cash Flow

Cash Flow Rumble has been consistently burning cash in its core operations, and free cash flow has been negative throughout the last several years. Cash used in the business has increased in line with its push into infrastructure and platform development, while investment spending, though not huge, adds to the outflow. With no meaningful offset from financing cash inflows in this snapshot, the company’s cash runway is gradually shortening. This pattern is typical for a fast‑growing tech platform making a big strategic pivot, but it also means future funding needs and execution on monetization are critical watch points.

Competitive Edge

Competitive Edge Rumble’s main edge is its positioning as a “freedom‑first” alternative to big platforms. It has built a loyal, highly engaged audience that feels underserved or constrained elsewhere, which gives it a differentiated, though narrower, user base. Its ownership of its own infrastructure, content delivery, and advertising stack provides resilience against de‑platforming and offers creators an integrated ecosystem across Rumble, Locals, and its ad network. The flip side is that this ideological focus can limit mainstream appeal and may deter some larger advertisers, making revenue growth more dependent on a specific segment of users and brands comfortable with that profile. Rumble is competing not only with very large incumbents like YouTube in video, but also with hyperscale cloud and AI providers, which is an uphill battle that requires flawless execution and strong partners.

Innovation and R&D

Innovation and R&D Innovation is where Rumble is swinging hardest. It is evolving from a single video platform into a vertically integrated tech and AI infrastructure company, anchored by its in‑house cloud, proprietary content delivery network, and creator tools like Locals and Rumble Studio. The planned acquisition of Northern Data is a transformative bet, giving Rumble substantial high‑end computing capacity and data centers to offer AI infrastructure and GPU‑as‑a‑Service. The partnership with Tether provides an anchor customer for these services and ties into plans for a crypto wallet to streamline creator payments. Together, these moves aim to build a parallel, “freedom‑first” AI and cloud ecosystem. The opportunity is large, but so is the execution risk: integrating acquired assets, attracting developers and enterprise customers, and scaling AI services against entrenched giants will be challenging and capital‑intensive.

Summary

Rumble is a high‑conviction, high‑risk story. Financially, it remains a small, fast‑growing platform with persistent and widening losses, negative free cash flow, and a balance sheet that has shifted from strong equity to a deficit as investments have piled up. Strategically, it has carved out a distinct niche as a free‑speech‑oriented ecosystem and is now taking an aggressive leap into cloud and AI infrastructure, backed by its own hardware, data centers, and a key crypto‑sector partner. The upside, if it can successfully build a parallel internet and AI stack for its target audience, is substantial—but the company must navigate limited cash, ongoing burn, brand concentration, advertiser sensitivities, and fierce competition from much larger technology players. Execution, capital access, and the ability to broaden monetization beyond its core ideological base are the central variables to watch.