Rumble Inc. (RUM) financials

NASDAQ · Communication Services · Internet Content & Information · 156 employees · CEO Chris Pavlovski

Price: $5.32 -5.00%
Market cap: $2.31B
Enterprise value: $2.61B
Last report: Q2 '26 filed 2026-08-10
Next report: 2026-11-11

Revenue (TTM)$118M+13.0% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)-97.8%+17.6 pp vs a year agoOperating income -$115M

Net income (TTM)-$158M+47.4% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)-$154M-139.3% vs a year agoCapex $47.8M

Diluted EPS (TTM)-$0.59+58.6% vs a year agoSum of the last 4 quarters

Net cash-$299M-206.1% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $2.31B
Revenue: $118M
Revenue growth: +145%
Profit margin: -134.6%
P/E: -9.0×
P/S: 19.6×
EV / EBITDA: -27.2×
Free cash flow: -$154M
Net income: -$158M
Revenue estimate: $247M
Earnings: 2026-11-11
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-08-10): revenue beat by 29.3%, EPS missed by 211.1%Revenue $40.4M vs $31.2M expected (+29.3%); EPS -$0.28 vs -$0.09 (-211.1%).
Revenue growth accelerating: 60.9% year on yearQ2 '26 revenue $40.4M, against an average of 1.9% over the four quarters before.
Operating margin -97.8% (TTM), +17.6 pp on a year agoOperating income grew 4.2% while revenue grew 13.0%.
Capex 40.6% of revenue (a year ago 2.4%)$47.8M invested in the last 4 quarters (+1,784.1% on a year earlier). Free cash flow -$154M.
Diluted share count up 9.1% in a year284M diluted shares in Q2 '26, 260M a year earlier.
Net debt $299MCash + short-term investments $203M, debt incl. leases $502M; a year ago net cash $281M.
Single Operating Segment: revenue +7.4%, margin -153.6% (was -153.5%)Fastest-growing reported segment in Q1 '26: operating income -$39.1M on revenue $25.5M (from the segment note of the filing).

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q2 '26	Year ago	Change
Revenue	$40.4M	$25.1M	+60.9%
Gross margin	20.8%	-5.8%	+26.6 pp
Operating income	-$70.8M	-$26.6M	-165.7%
Operating margin	-175.3%	-106.2%	-69.2 pp
Net income	-$79.1M	-$30.2M	-161.9%
Diluted EPS	-$0.28	-$0.12	-133.3%
Operating cash flow	-$49.5M	-$15.9M	-211.9%
Capex	$42.1M	$906K	+4,546.8%
Free cash flow	-$91.6M	-$16.8M	-445.7%
R&D	$7.97M	$4.83M	+65.2%
Stock-based compensation	$7.13M	$5.38M	+32.5%

Reported vs consensus

2026-08-10

	Actual	Consensus	vs consensus
Revenue	$40.4M	$31.2M	+29.3%
EPS (as estimated)	-$0.28	-$0.09	-211.1%

From the report of 2026-08-10 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q2 '26	y/y	Share	TTM	TTM y/y
Audience Monetization Member	$27.1M	–	67.0%	–	–
Single Operating Segment Member	–	–	–	–	–
Other Initiatives Member	$13.3M	–	33.0%	–	–

Revenue by region

share of total

Segment	Q2 '26	y/y	Share	TTM	TTM y/y
United States	$28.6M	+29.8%	70.9%	–	–
Other Member	$6.05M	+124.3%	15.0%	–	–
El Salvador	$5.41M	–	13.4%	–	–
CANADA	$288K	-16.7%	0.7%	–	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q1 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Single Operating Segment	$25.5M	+7.4%	-$39.1M	-7.5%	-153.6%	-153.5%	-$129M

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: -$106M
Capex: -$47.8M
Buybacks: -$1.52M
Dividends: $0
Acquisitions: $51M
Net debt issued: $0
Stock-based compensation: $16.9M
Free cash flow: -$154M
Returned to shareholders / FCF: -1.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	-9.0×	–	–
EV / EBITDA	-27.2×	–	–
EV / Sales	22.2×	54.1×	8.5× – 193.7×
Price / FCF	-15.0×	–	–
Price / Book	1.1×	18.9× 4 of 5 years	3.6× – 61.9×
FCF yield	-6.7%	-4.6%	-11.9% – -0.4%
Return on invested capital	-5.8%	105.9%	-50.1% – 636.9%
Return on equity	-29.3%	82.5%	-46.3% – 536.1%

Analysts

Consensus target $25.00 (+369.9%)
range $25.00 – $25.00 · rating Hold

Strong buy0

Buy1

Hold2

Sell0

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$247M	+145.2%	-$0.49	-53.9%	-10.8×	1
FY2027	$684M	+177.1%	-$0.38	+22.8%	-14.0×	1
FY2028	$1.99B	+191.7%	-$0.63	-64.9%	-8.5×	1
FY2029	$1.96B	-1.8%	$0.13	+120.7%	40.9×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 218 figures Rumble Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
Accounts Payable and Accrued Liabilities, Current	$125M	$20.7M	+506.0%	$27.9M	$18.2M	+53.0%
Accounts Payable, Trade, Current	$28.8M	–	–	$5.95M	$1.94M	+206.9%
Accounts Receivable, after Allowance for Credit Loss	–	–	–	$5.44M2024-01-01	$4.75M	+14.6%
Accounts Receivable, after Allowance for Credit Loss, Current	$50.8M	$12.8M	+295.3%	$11.9M	$9.78M	+21.3%
Accounts Receivable, Allowance for Credit Loss	$897K2025-12-31	$117K	+666.0%	$897K	$117K	+666.0%
Accrued Employee Benefits, Current	$12.8M	–	–	$2.67M	$2.35M	+13.8%
Accrued Professional Fees, Current	$35M	–	–	$6.45M	$2.23M	+189.0%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$26.8M	$12.1M	+120.8%	$15.4M	$9.58M	+60.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$17.9M	–	–	–	–	–
Additional Paid in Capital	$2.03B	$830M	+144.5%	$839M	$420M	+100.0%
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	–	–	–	$40.5K2023-12-31	–	–
Adjustments to Additional Paid in Capital, Warrant Issued	$755M	–	–	$2.27M2022-12-31	–	–
Advertising Expense	–	–	–	$8.86M	$5.31M	+66.7%
Amortization of Intangible Assets	$6.58M	$2.18M	+201.3%	$8.74M	$8.32M	+5.0%
APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition	$7.24M	$5.52M	+31.1%	$24.4M	$22.3M	+9.6%
AssetAcquisitionConsiderationTransferredContingentConsideration	–	–	–	$1.35M2024-12-31	-$1.92M	+170.5%
Assets	$2.12B	$380M	+459.1%	$337M	$195M	+72.5%
Assets, Current	$417M	$301M	+38.2%	$265M	$136M	+94.3%
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	$93.3M	–	–	–	–	–
Business Combination, Acquisition Related Costs	$28.3M	$2.39M	+1,085.7%	$13.3M	–	–
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	–	–	–	$1.35M2024-12-31	-$1.92M	+170.5%
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Costs	$150M2026-03-31	–	–	$150M	–	–
Capital Expenditures Incurred but Not yet Paid	$114K	$145K	-21.3%	$566K	$737K	-23.2%
Cash	–	–	–	$7.34M2024-12-31	$11.6M	-36.9%
Cash Acquired from Acquisition	–	–	–	$1M2023-12-31	–	–
Cash and Cash Equivalents, at Carrying Value	$203M	$284M	-28.4%	$238M	$114M	+108.7%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$203M	$284M	-28.4%	$238M	$114M	+108.7%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	-$18.9M2026-03-31	$187M	-110.1%	$124M	-$104M	+218.8%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	–	–	–	-$119M2023-12-31	$290M	-140.9%
Commodity Contract Asset, Current	$23.8M	–	–	–	–	–
Common Stock, Other Shares, Outstanding	435M2025-09-30	389M	+11.7%	390M2024-12-31	386M	+1.0%
Common Stock, Other Value, Outstanding	$779K	–	–	–	–	–
Common Stock, Value, Issued	$779K	$773K	+0.8%	$773K	$769K	+0.6%
Common Stock, Value, Outstanding	$773K2025-12-31	$769K	+0.6%	$773K	$769K	+0.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	-$4.89M	–	–	–	–	–
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-$97M	-$30.2M	-220.9%	–	–	–
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	-$102M	-$30.2M	-237.1%	–	–	–
Contract with Customer, Liability, Current	$31.3M	$17.1M	+82.4%	$16.1M	$12.8M	+25.7%
Contract with Customer, Liability, Revenue Recognized	$5.54M	$988K	+461.1%	$11M	$6.72M	+63.9%
Contractual Obligation	$253M	$41M	+517.1%	$52M	$37M	+40.5%
Convertible Notes Payable	$367M	–	–	–	–	–
Convertible Notes Payable, Noncurrent	$359M	–	–	–	–	–
Cost of Goods and Services Sold	$7.39M	$5.47M	+35.0%	$107M	$138M	-22.5%
Costs and Expenses	$111M	$51.7M	+114.9%	$227M	$226M	+0.4%
Costs and Expenses, Related Party	$980K	$826K	+18.8%	$3.3M	$3.38M	-2.6%
CryptoAssetCost	$27.6M	$19.1M	+44.8%	$19.1M	–	–
CryptoAssetFairValueNoncurrent	$20.4M	$22.6M	-9.9%	$18.5M	–	–
Current Income Tax Expense (Benefit)	–	–	–	$67.2K	-$2.01M	+103.3%
Current State and Local Tax Expense (Benefit)	–	–	–	$67.2K	–	–
Deferred Federal Income Tax Expense (Benefit)	–	–	–	-$2.01M2024-12-31	–	–
Deferred Income Tax Expense (Benefit)	-$4K	–	–	-$2.01M2024-12-31	–	–
Deferred Income Tax Liabilities, Net	$25M	–	–	–	–	–
Deferred Tax Assets, Goodwill and Intangible Assets	$1.15M2025-12-31	$2.78M	-58.7%	$1.15M	$2.78M	-58.7%
Deferred Tax Assets, Gross	$94.5M2025-12-31	$71.4M	+32.4%	$94.5M	$71.4M	+32.4%
Deferred Tax Assets, in Process Research and Development	$717K2025-12-31	–	–	$717K	–	–
Deferred Tax Assets, Net	$32M	–	–	–	–	–
Deferred Tax Assets, Operating Loss Carryforwards	$86.2M2025-12-31	$65.8M	+30.9%	$86.2M	$65.8M	+30.9%
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	$169M2025-12-31	$105M	+61.8%	$169M	$105M	+61.8%
Deferred Tax Assets, Other	$600K2025-12-31	$81.9K	+632.6%	$600K	$81.9K	+632.6%
Deferred Tax Assets, Other Loss Carryforwards	$162M2025-12-31	$154M	+5.4%	$162M	$154M	+5.4%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-02