What is Rumble's operating income?

Rumble's total operating income in 2025 was -$126.65 million, based on the following breakdown: Total Gross Profit: -$6.76 million Total Operating Expenses: $119.24 million

Rumble (RUM) Financials

$6.82 +0.02 (+0.22%)

As of 01:33 PM Eastern

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Annual Income Statements for Rumble

This table shows Rumble's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-13	-11	-116	-338	-82
Consolidated Net Income / (Loss)	-13	-11	-116	-338	-82
Net Income / (Loss) Continuing Operations	-13	-11	-116	-338	-82
Total Pre-Tax Income	-14	-12	-120	-340	-82
Total Operating Income	-11	-36	-136	-131	-127
Total Gross Profit	9.47	39	-65	-43	-6.76
Total Revenue	9.47	39	81	95	101
Operating Revenue	9.47	39	81	95	101
Total Cost of Revenue	0.00	0.25	146	138	107
Operating Cost of Revenue	-	0.25	146	138	107
Total Operating Expenses	17	75	70	88	119
Selling, General & Admin Expense	11	60	37	37	49
Marketing Expense	2.92	6.14	13	17	24
Research & Development Expense	1.62	6.40	16	19	19
Depreciation Expense	0.15	1.56	4.85	14	15
Other Operating Expenses / (Income)	1.41	0.00	-1.92	1.35	0.00
Restructuring Charge	-	1.12	1.15	0.00	13
Total Other Income / (Expense), net	-5.96	24	16	-210	44
Interest & Investment Income	-	3.02	14	8.08	10
Other Income / (Expense), net	-5.98	21	2.37	-218	34
Income Tax Expense	-0.13	-0.22	-3.29	-2.01	0.07
Basic Earnings per Share	($0.06)	($0.05)	($0.58)	($1.66)	($0.32)
Weighted Average Basic Shares Outstanding	0.00	242.44M	201.44M	204.10M	254.74M
Diluted Earnings per Share	($0.06)	-	($0.58)	($1.66)	($0.32)
Weighted Average Diluted Shares Outstanding	211.44M	384.91M	201.44M	204.10M	254.74M
Weighted Average Basic & Diluted Shares Outstanding	0.00	384.91M	386.06M	434.30M	435.23M

This table shows Rumble's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-29	-29	-43	-27	-32	-236	-2.65	-30	-16	-33	-30
Consolidated Net Income / (Loss)	-29	-29	-43	-27	-32	-237	-2.65	-30	-16	-33	-30
Net Income / (Loss) Continuing Operations	-29	-58	-43	-27	-32	-236	-2.65	-30	-16	-33	-30
Total Pre-Tax Income	-29	-33	-43	-27	-32	-238	-2.62	-30	-16	-33	-30
Total Operating Income	-40	-37	-35	-39	-33	-24	-36	-27	-28	-35	-39
Total Gross Profit	-22	-45	-14	-13	-11	-36	-6.33	-1.46	-0.46	1.48	-1.54
Total Revenue	18	20	18	22	25	30	24	25	25	27	25
Operating Revenue	18	20	18	22	25	30	24	25	25	27	25
Total Cost of Revenue	40	66	32	36	36	66	30	27	25	26	27
Operating Cost of Revenue	40	-	32	36	36	66	30	27	25	26	27
Total Operating Expenses	18	-7.96	21	26	21	-12	28	30	29	31	33
Selling, General & Admin Expense	9.69	-16	9.32	10	9.71	-25	17	12	10	9.95	10
Marketing Expense	3.18	3.21	3.30	6.27	3.96	3.80	3.64	7.89	5.08	7.28	8.53
Research & Development Expense	5.11	3.64	4.53	5.32	4.65	4.15	4.79	4.83	4.46	4.67	5.74
Depreciation Expense	1.35	1.77	2.43	3.56	3.13	4.50	3.29	3.60	3.88	3.79	3.98
Restructuring Charge	0.45	-	-	0.00	0.00	-	0.00	2.39	5.24	-	4.85
Total Other Income / (Expense), net	11	4.73	-8.29	12	1.19	-215	32	1.61	13	-2.72	4.78
Interest & Investment Income	3.62	3.10	2.52	2.17	1.95	1.44	2.18	2.90	2.90	2.44	1.89
Other Income / (Expense), net	7.59	1.64	-11	10	-0.76	-216	30	-1.29	10	-5.16	2.90
Income Tax Expense	0.02	-	-0.00	0.15	-0.09	-2.08	0.03	0.00	0.00	0.04	0.02
Basic Earnings per Share	($0.14)	($0.15)	($0.21)	($0.13)	($0.15)	($1.17)	($0.01)	($0.12)	($0.06)	($0.13)	($0.12)
Weighted Average Basic Shares Outstanding	201.81M	201.44M	201.90M	204.09M	204.97M	204.10M	237.05M	260.33M	260.53M	254.74M	261.06M
Diluted Earnings per Share	($0.14)	-	($0.21)	($0.13)	($0.15)	-	($0.01)	($0.12)	($0.06)	($0.13)	($0.12)
Weighted Average Diluted Shares Outstanding	201.81M	201.44M	201.90M	204.09M	204.97M	204.10M	237.05M	260.33M	260.53M	254.74M	261.06M
Weighted Average Basic & Diluted Shares Outstanding	386.06M	386.06M	387.87M	389.01M	389.52M	434.30M	434.42M	434.67M	434.86M	435.23M	435.88M

This table details how cash moves in and out of Rumble's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	45	290	-119	-104	124
Net Cash From Operating Activities	-5.31	-32	-93	-87	-70
Net Cash From Continuing Operating Activities	-5.19	-32	-93	-87	-70
Net Income / (Loss) Continuing Operations	0.00	-11	-116	-338	-82
Consolidated Net Income / (Loss)	-	-11	-116	-338	-82
Depreciation Expense	0.25	1.56	4.85	14	15
Non-Cash Adjustments To Reconcile Net Income	-8.78	-19	15	240	-7.94
Changes in Operating Assets and Liabilities, net	3.34	-3.93	3.89	-2.30	4.78
Net Cash From Investing Activities	1.58	-10	-24	-16	-26
Net Cash From Continuing Investing Activities	1.58	-10	-24	-16	-26
Purchase of Property, Plant & Equipment	-1.84	-8.54	-15	-2.67	-4.07
Acquisitions	3.42	-0.49	-10	-14	-2.89
Sale and/or Maturity of Investments	-	0.00	1.10	1.14	0.00
Other Investing Activities, net	-	-	-	0.00	-19
Net Cash From Financing Activities	49	333	-2.15	-1.67	220
Net Cash From Continuing Financing Activities	49	333	-2.15	-1.67	220
Repurchase of Common Equity	0.00	-65	-0.04	-0.37	-554
Issuance of Common Equity	50	-	-	0.00	775
Other Financing Activities, net	0.00	400	-2.11	-1.30	-0.36
Cash Interest Paid	0.01	0.00	0.00	0.00	0.00
Cash Income Taxes Paid	0.00	0.01	0.03	0.07	0.03

This table details how cash moves in and out of Rumble's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-30	-48	-36	-30	-22	-17	187	-17	-14	-32	-19
Net Cash From Operating Activities	-25	-33	-34	-22	-19	-12	-14	-16	-11	-29	-17
Net Cash From Continuing Operating Activities	-25	-33	-34	-22	-19	-12	-14	-16	-11	-29	-17
Net Income / (Loss) Continuing Operations	-29	-29	-43	-27	-32	-237	-2.65	-30	-16	-33	-30
Consolidated Net Income / (Loss)	-29	-29	-43	-27	-32	-237	-2.65	-30	-16	-33	-30
Depreciation Expense	1.35	1.77	2.43	3.56	3.13	4.50	3.29	3.60	3.88	3.79	3.98
Non-Cash Adjustments To Reconcile Net Income	-2.22	4.40	16	-3.15	4.55	222	-21	9.97	-6.27	9.46	3.82
Changes in Operating Assets and Liabilities, net	4.87	-9.98	-8.82	4.37	5.34	-1.86	5.96	0.77	8.02	-9.98	5.87
Net Cash From Investing Activities	-3.91	-13	-1.78	-7.37	-2.13	-4.36	-20	-0.91	-2.14	-3.16	-2.27
Net Cash From Continuing Investing Activities	-3.91	-13	-1.78	-7.37	-2.13	-4.36	-20	-0.91	-2.14	-3.16	-2.27
Purchase of Property, Plant & Equipment	-3.32	-3.56	-0.43	-1.36	-0.86	-0.02	-0.13	-0.23	-1.41	-2.29	-1.11
Acquisitions	-0.55	-9.25	-1.36	-6.00	-1.20	-5.55	-0.61	-0.68	-0.73	-0.87	-1.16
Other Investing Activities, net	-	-	0.00	-	-	-	-19	-	-	-	0.00
Net Cash From Financing Activities	-0.46	-1.64	0.00	-0.49	-1.13	-0.05	222	-0.69	-1.28	0.75	0.00
Net Cash From Continuing Financing Activities	-0.46	-1.64	0.00	-0.49	-1.13	-0.05	222	-0.69	-1.28	0.75	0.00
Repurchase of Common Equity	-	-	0.00	-	-	-0.37	-554	-	-	-	0.00
Issuance of Common Equity	-	-	0.00	-	-	-	775	0.13	-	0.05	0.00
Other Financing Activities, net	-0.46	-1.64	0.00	-	-1.13	0.32	1.04	-0.82	-1.28	0.70	0.00
Cash Income Taxes Paid	0.02	-0.00	0.00	-	-0.08	-	0.03	-	-	-	0.02

This table presents Rumble's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	0.21	56	367	296	195	337
Total Current Assets	0.03	49	352	238	136	265
Cash & Equivalents	0.03	47	337	218	114	238
Accounts Receivable	-	1.34	4.75	5.44	9.78	12
Prepaid Expenses	0.00	0.78	9.34	13	12	15
Plant, Property, & Equipment, net	0.00	1.29	8.84	20	17	16
Total Noncurrent Assets	0.18	5.55	5.78	38	42	56
Goodwill	-	0.66	0.66	11	11	11
Intangible Assets	-	3.29	3.21	23	29	24
Other Noncurrent Operating Assets	0.18	1.60	1.90	4.10	2.16	21
Total Liabilities & Shareholders' Equity	0.21	56	367	296	195	337
Total Liabilities	0.18	8.64	27	44	258	62
Total Current Liabilities	0.18	7.20	16	34	217	45
Accounts Payable	0.11	6.85	14	25	18	28
Current Deferred Revenue	-	0.03	1.04	7.00	13	16
Other Current Liabilities	-	0.32	0.58	0.98	186	1.28
Total Noncurrent Liabilities	0.00	1.45	11	11	42	17
Capital Lease Obligations	-	-	-	1.63	0.80	0.63
Other Noncurrent Operating Liabilities	0.00	1.45	11	8.90	41	16
Commitments & Contingencies	0.00	0.00	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.02	30	340	252	-63	275
Total Preferred & Common Equity	0.02	30	340	252	-63	275
Preferred Stock	0.00	-	0.00	0.00	0.00	0.00
Total Common Equity	0.02	30	340	252	-63	275
Common Stock	0.03	48	368	397	420	840
Retained Earnings	-0.00	-17	-29	-145	-484	-565

This table presents Rumble's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	380	355	360	331	263	243	217	391	380	367	311
Total Current Assets	368	339	319	286	205	183	159	317	301	287	243
Cash & Equivalents	357	325	296	266	183	153	131	301	284	270	219
Accounts Receivable	7.86	5.51	6.86	6.15	5.99	10	11	10	13	13	13
Prepaid Expenses	3.44	7.00	16	13	15	19	16	5.63	4.69	4.75	12
Plant, Property, & Equipment, net	6.54	10	15	18	19	19	18	16	15	17	17
Total Noncurrent Assets	5.11	5.65	25	27	39	41	40	58	64	63	51
Goodwill	0.66	0.66	13	13	11	11	11	11	11	11	11
Intangible Assets	2.94	3.20	11	11	23	27	27	28	27	25	23
Other Noncurrent Operating Assets	1.50	1.79	2.14	3.70	4.66	3.15	2.52	19	26	28	17
Total Liabilities & Shareholders' Equity	380	355	360	331	263	243	217	391	380	367	311
Total Liabilities	41	41	58	56	52	51	51	52	66	65	61
Total Current Liabilities	14	22	39	44	30	40	40	32	39	48	52
Accounts Payable	12	18	27	34	-	25	26	18	21	31	35
Current Deferred Revenue	0.37	3.64	8.53	7.49	7.01	14	14	13	17	16	16
Other Current Liabilities	0.58	0.49	2.04	2.30	-	-	1.04	1.08	1.22	1.33	1.16
Total Noncurrent Liabilities	27	20	19	12	22	10	10	19	27	17	9.53
Capital Lease Obligations	-	-	-	-	1.68	1.39	-	0.48	1.19	0.92	0.42
Other Noncurrent Operating Liabilities	27	20	18	11	20	8.92	10	19	25	17	9.11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	339	313	302	275	211	193	166	340	314	302	250
Total Preferred & Common Equity	339	313	302	275	211	193	166	340	314	302	250
Preferred Stock	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	339	313	302	275	211	193	166	340	314	302	250
Common Stock	367	371	389	391	399	408	413	826	831	835	846
Retained Earnings	-28	-57	-87	-116	-188	-215	-247	-486	-516	-533	-596

This table displays calculated financial ratios and metrics derived from Rumble's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	386,055,157.00
DEI Adjusted Shares Outstanding	-	-	-	-	386,055,157.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-0.21
Growth Metrics	-	-	-	-	-
Profitability Metrics	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-7.36	-25	-95	-92	-89
Return On Investment Capital (ROIC_SIMPLE)	-	-	-37.34%	146.99%	-32.18%
Earnings before Interest and Taxes (EBIT)	-16	-15	-133	-348	-93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-16	-13	-128	-335	-78
Valuation Ratios	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-26	-128	119	-303
Efficiency Ratios	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.31	1.37	35	-176	38
Increase / (Decrease) in Invested Capital	0.00	1.06	33	-211	214
Book Value per Share	$0.80	$0.88	$0.65	($0.31)	$1.08
Tangible Book Value per Share	$0.69	$0.87	$0.56	($0.51)	$0.94
Total Capital	47	340	254	-62	275
Total Debt	0.00	0.00	2.49	0.80	0.63
Total Long-Term Debt	0.00	0.00	1.63	0.80	0.63
Net Debt	-47	-338	-217	-113	-237
Capital Expenditures (CapEx)	1.84	8.54	15	2.67	4.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5.08	-1.86	-14	-195	-19
Debt-free Net Working Capital (DFNWC)	42	336	205	-81	219
Net Working Capital (NWC)	42	336	204	-81	219
Net Nonoperating Expense (NNE)	6.05	-14	22	247	-6.83
Net Nonoperating Obligations (NNO)	-47	-338	-217	-113	-237
Total Depreciation and Amortization (D&A)	0.25	2.08	4.85	14	15
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.59)	($0.05)	($0.58)	($1.66)	($0.32)
Adjusted Weighted Average Basic Shares Outstanding	38.20M	384.91M	201.44M	204.10M	254.74M
Adjusted Diluted Earnings per Share	($1.59)	($0.05)	$0.00	($1.66)	($0.32)
Adjusted Weighted Average Diluted Shares Outstanding	38.20M	242.44M	386.06M	204.10M	254.74M
Adjusted Basic & Diluted Earnings per Share	($1.59)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.74M	384.91M	386.06M	434.30M	435.23M
Normalized Net Operating Profit after Tax (NOPAT)	-7.36	-24	-94	-92	-79
Debt Service Ratios	-	-	-	-	-
Payout Ratios	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Rumble's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	386,055,157.00	386,055,157.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	386,055,157.00	386,055,157.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.08	-0.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	63.72%	2.41%	-0.05%	-10.03%	39.34%	48.86%	33.68%	11.64%	-1.18%	-	7.39%
EBITDA Growth	-1,775.14%	-1,634.74%	-38.41%	21.51%	2.64%	-597.58%	92.60%	3.60%	54.45%	-	-903.79%
EBIT Growth	-1,475.99%	-1,279.05%	-43.27%	12.74%	-2.91%	-575.45%	85.81%	3.03%	47.14%	-	-456.68%
NOPAT Growth	-418.20%	-93.63%	-48.15%	-12.52%	18.40%	34.91%	-3.94%	31.37%	14.25%	-	-7.46%
Net Income Growth	-1,461.57%	-2,999.21%	-51.00%	9.08%	-8.68%	-708.66%	93.88%	-12.86%	48.44%	-	-1,042.19%
EPS Growth	-1,300.00%	0.00%	0.00%	0.00%	-7.14%	0.00%	95.24%	7.69%	60.00%	-	-1,100.00%
Operating Cash Flow Growth	-212.39%	-122.22%	-239.28%	11.45%	24.68%	62.64%	57.20%	26.92%	44.24%	-	-14.60%
Free Cash Flow Firm Growth	-118.07%	-308.92%	-126.36%	-29.49%	11.54%	427.06%	52.31%	85.03%	62.00%	-	39.49%
Invested Capital Growth	151.80%	2,437.08%	341.02%	506.67%	280.45%	-608.99%	23.58%	-23.02%	-3.64%	-	-19.27%
Revenue Q/Q Growth	-28.00%	13.40%	-13.66%	27.62%	11.52%	21.15%	-21.90%	5.81%	-1.28%	-	-5.94%
EBITDA Q/Q Growth	1.72%	-8.08%	-29.87%	42.08%	-21.91%	-674.38%	98.64%	-657.95%	43.00%	-	12.59%
EBIT Q/Q Growth	1.16%	-9.03%	-31.00%	37.13%	-16.56%	-615.62%	97.29%	-329.54%	36.46%	-	10.95%
NOPAT Q/Q Growth	-16.59%	7.48%	4.91%	-10.88%	15.45%	26.20%	-50.23%	26.78%	-5.64%	-	-10.17%
Net Income Q/Q Growth	1.47%	-0.88%	-47.86%	38.14%	-17.77%	-650.66%	98.88%	-1,040.48%	46.20%	-	7.41%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,100.00%	50.00%	-	7.69%
Operating Cash Flow Q/Q Growth	-3.10%	-30.72%	-2.35%	35.80%	12.31%	35.17%	-17.27%	-9.60%	33.09%	-	43.56%
Free Cash Flow Firm Q/Q Growth	-15.57%	-8.16%	-20.06%	10.85%	21.05%	499.90%	-116.94%	72.02%	-100.45%	-	91.67%
Invested Capital Q/Q Growth	34.62%	280.32%	-4.88%	30.73%	-15.58%	-608.83%	122.01%	-18.56%	5.67%	-	-16.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-121.06%	-221.48%	97.79%	-58.85%	-45.38%	-117.30%	-26.70%	-5.81%	-1.85%	-	-6.04%
EBITDA Margin	-173.91%	-165.74%	-244.89%	-111.14%	-121.51%	-776.70%	-13.54%	-96.99%	-56.01%	-	-126.55%
Operating Margin	-223.64%	-182.46%	-198.82%	-172.74%	-130.97%	-79.78%	-153.47%	-106.20%	-113.65%	-	-153.56%
EBIT Margin	-181.43%	-174.44%	-260.20%	-128.19%	-133.99%	-791.51%	-27.43%	-111.35%	-71.68%	-	-142.18%
Profit (Net Income) Margin	-161.39%	-143.57%	-245.88%	-119.19%	-125.87%	-779.93%	-11.18%	-120.49%	-65.67%	-	-118.89%
Tax Burden Percent	100.06%	89.80%	98.21%	100.57%	99.73%	99.46%	101.20%	100.00%	100.00%	-	100.08%
Interest Burden Percent	88.90%	91.65%	96.21%	92.45%	94.19%	99.07%	40.27%	108.21%	91.62%	-	83.56%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Return on Invested Capital (ROIC)	0.00%	-574.36%	-1,226.44%	-396.75%	-358.33%	0.00%	-310.51%	-212.98%	-242.66%	-	-313.82%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-573.19%	-1,219.00%	-396.93%	-354.02%	0.00%	-320.01%	-207.65%	-244.37%	-	-312.70%
Return on Net Nonoperating Assets (RNNOA)	0.00%	538.28%	1,176.26%	358.54%	318.91%	0.00%	279.19%	177.89%	208.87%	-	275.50%
Return on Equity (ROE)	-28.68%	-36.07%	-50.18%	-38.22%	-39.42%	-358.99%	-31.32%	-35.09%	-33.79%	-	-38.32%
Cash Return on Invested Capital (CROIC)	-1,196.44%	-711.82%	-469.01%	-586.20%	-576.90%	0.00%	-284.77%	-205.34%	-233.67%	-	-236.92%
Operating Return on Assets (OROA)	-41.07%	-42.62%	-68.21%	-33.34%	-41.78%	-307.84%	-8.51%	-37.20%	-25.46%	-	-41.45%
Return on Assets (ROA)	-36.54%	-35.08%	-64.46%	-31.00%	-39.25%	-303.34%	-3.47%	-40.25%	-23.33%	-	-34.66%
Return on Common Equity (ROCE)	-28.68%	-36.07%	-50.18%	-38.22%	-39.42%	-358.99%	-31.32%	-35.09%	-33.79%	-	-38.32%
Return on Equity Simple (ROE_SIMPLE)	-32.01%	0.00%	-62.20%	-66.63%	-78.78%	0.00%	-87.67%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	-28	-26	-25	-27	-23	-17	-25	-19	-20	-25	-27
NOPAT Margin	-156.55%	-127.73%	-139.17%	-120.92%	-91.68%	-55.85%	-107.43%	-74.34%	-79.55%	-	-107.49%
Net Nonoperating Expense Percent (NNEP)	-0.28%	-1.16%	-7.43%	0.17%	-4.31%	-133.13%	9.51%	-5.33%	1.72%	-	-1.12%
Return On Investment Capital (ROIC_SIMPLE)	-	-10.25%	-	-	-	27.20%	-7.49%	-5.91%	-6.50%	-9.02%	-10.93%
Cost of Revenue to Revenue	221.06%	321.48%	2.21%	158.85%	145.38%	217.30%	126.70%	105.81%	101.85%	-	106.04%
SG&A Expenses to Revenue	53.88%	-80.28%	233.73%	46.35%	38.76%	-81.14%	70.16%	46.51%	42.37%	-	40.84%
R&D to Revenue	28.43%	17.87%	27.26%	23.67%	18.56%	13.69%	20.20%	19.24%	17.99%	-	22.55%
Operating Expenses to Revenue	102.58%	-39.01%	301.08%	113.89%	85.59%	-40.11%	119.60%	121.09%	117.50%	-	131.56%
Earnings before Interest and Taxes (EBIT)	-33	-36	-46	-29	-34	-240	-6.50	-28	-18	-41	-36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-31	-34	-43	-25	-30	-236	-3.21	-24	-14	-37	-32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.74	3.59	14.87	11.21	6.61	0.00	4.93	7.44	6.24	-	5.33
Price to Tangible Book Value (P/TBV)	4.09	4.15	17.74	13.95	8.53	0.00	5.57	8.44	7.08	-	6.16
Price to Revenue (P/Rev)	12.79	11.17	38.71	27.52	12.85	27.81	16.52	22.46	18.17	-	13.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Enterprise Value to Invested Capital (EV/IC)	83.78	19.84	94.09	48.90	27.89	0.00	35.44	65.03	48.43	-	35.52
Enterprise Value to Revenue (EV/Rev)	9.48	8.49	36.50	25.59	11.30	26.62	13.55	19.75	15.58	-	10.87
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	21.29	0.00	0.00	0.00	-	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.01	0.02	0.01	0.00	-0.01	0.00	0.00	0.00	-	0.00
Long-Term Debt to Equity	0.00	0.01	0.01	0.01	0.00	-0.01	0.00	0.00	0.00	-	0.00
Financial Leverage	-1.01	-0.94	-0.96	-0.90	-0.90	-1.75	-0.87	-0.86	-0.85	-	-0.88
Leverage Ratio	1.16	1.12	1.18	1.22	1.24	2.60	1.19	1.23	1.25	-	1.19
Compound Leverage Factor	1.03	1.03	1.13	1.13	1.17	2.58	0.48	1.33	1.14	-	1.00
Debt to Total Capital	0.36%	0.98%	2.11%	1.34%	0.00%	-1.28%	0.14%	0.38%	0.30%	-	0.17%
Short-Term Debt to Total Capital	0.36%	0.34%	1.33%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Long-Term Debt to Total Capital	0.00%	0.64%	0.78%	0.71%	0.00%	-1.28%	0.14%	0.38%	0.30%	-	0.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	99.64%	99.02%	97.89%	98.66%	100.00%	101.28%	99.86%	99.62%	99.70%	-	99.83%
Debt to EBITDA	-0.01	-0.02	-0.03	-0.02	0.00	0.00	0.00	0.00	0.00	-	0.00
Net Debt to EBITDA	2.76	1.69	1.28	1.14	0.00	0.34	1.02	0.96	0.97	-	2.04
Long-Term Debt to EBITDA	0.00	-0.01	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00	-	0.00
Debt to NOPAT	-0.01	-0.03	-0.04	-0.02	0.00	-0.01	-0.01	-0.01	-0.01	-	0.00
Net Debt to NOPAT	3.23	2.29	1.74	1.43	0.00	1.24	3.25	3.36	3.33	-	2.41
Long-Term Debt to NOPAT	0.00	-0.02	-0.02	-0.01	0.00	-0.01	-0.01	-0.01	-0.01	-	0.00
Altman Z-Score	11.28	12.33	35.47	25.04	11.86	-1.37	18.86	20.30	16.30	-	11.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.47	7.09	6.75	4.56	3.94	0.63	9.90	7.71	6.04	-	4.70
Quick Ratio	6.17	6.70	6.24	4.09	3.55	0.57	9.73	7.59	5.94	-	4.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-55	-59	-69	-61	-49	194	-33	-9.20	-18	-239	-20
Operating Cash Flow to CapEx	-761.32%	-928.16%	-7,934.65%	-1,593.28%	-2,206.03%	-64,360.29%	-10,840.08%	-6,935.14%	-752.57%	-	-1,494.58%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.23	0.24	0.26	0.26	0.31	0.39	0.31	0.33	0.36	-	0.29
Accounts Receivable Turnover	11.49	15.89	14.08	9.26	9.80	12.55	12.36	9.08	8.69	-	8.92
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Fixed Asset Turnover	6.59	5.67	5.55	4.57	4.71	5.20	5.79	6.12	5.90	-	6.14
Accounts Payable Turnover	3.17	7.49	0.00	0.00	0.00	6.45	0.00	5.60	4.14	-	3.93
Days Sales Outstanding (DSO)	31.78	22.97	25.92	39.44	37.25	29.09	29.52	40.22	41.99	-	40.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Payable Outstanding (DPO)	115.10	48.75	0.00	0.00	0.00	56.59	0.00	65.18	88.20	-	92.93
Cash Conversion Cycle (CCC)	-83.32	-25.78	25.92	39.44	37.25	-27.50	29.52	-24.96	-46.20	-	-52.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9.11	35	31	41	35	-176	39	32	33	38	31
Invested Capital Turnover	-18.99	4.50	8.81	3.28	3.91	-1.35	2.89	2.87	3.05	-	2.92
Increase / (Decrease) in Invested Capital	27	33	44	34	26	-211	7.40	-9.45	-1.26	214	-7.48
Enterprise Value (EV)	763	687	2,955	2,007	967	2,542	1,375	2,055	1,617	-	1,113
Market Capitalization	1,029	904	3,134	2,159	1,099	2,655	1,676	2,338	1,886	-	1,331
Book Value per Share	$0.71	$0.65	$1.04	$0.94	$0.81	($0.31)	$1.43	$1.21	$1.16	$1.08	$0.96
Tangible Book Value per Share	$0.65	$0.56	$0.87	$0.76	$0.63	($0.51)	$1.27	$1.06	$1.02	$0.94	$0.83
Total Capital	276	254	215	195	166	-62	340	315	303	275	250
Total Debt	0.98	2.49	4.54	2.62	0.00	0.80	0.48	1.19	0.92	0.63	0.42
Total Long-Term Debt	0.00	1.63	1.68	1.39	0.00	0.80	0.48	1.19	0.92	0.63	0.42
Net Debt	-266	-217	-179	-152	-132	-113	-301	-283	-269	-237	-219
Capital Expenditures (CapEx)	3.32	3.56	0.43	1.36	0.86	0.02	0.13	0.23	1.41	2.29	1.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-24	-14	-6.11	-10	-13	-195	-16	-22	-30	-19	-27
Debt-free Net Working Capital (DFNWC)	243	205	178	144	119	-81	285	262	240	219	192
Net Working Capital (NWC)	242	204	175	143	119	-81	285	262	240	219	192
Net Nonoperating Expense (NNE)	0.87	3.23	19	-0.39	8.57	220	-23	12	-3.44	7.85	2.90
Net Nonoperating Obligations (NNO)	-266	-217	-179	-152	-131	-113	-301	-283	-269	-237	-219
Total Depreciation and Amortization (D&A)	1.35	1.77	2.70	3.83	3.13	4.50	3.29	3.60	3.88	3.79	3.98
Debt-free, Cash-free Net Working Capital to Revenue	-29.77%	-17.49%	-7.54%	-12.76%	-15.77%	-203.82%	-15.75%	-20.69%	-29.09%	-	-26.79%
Debt-free Net Working Capital to Revenue	302.00%	253.59%	219.54%	183.85%	138.56%	-84.42%	281.20%	252.01%	230.84%	-	187.17%
Net Working Capital to Revenue	300.78%	252.52%	216.00%	182.29%	138.56%	-84.42%	281.20%	252.01%	230.84%	-	187.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.15)	($0.21)	($0.13)	($0.15)	($1.17)	($0.01)	($0.12)	($0.06)	($0.13)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	201.81M	201.44M	201.90M	204.09M	204.97M	204.10M	237.05M	260.33M	260.53M	254.74M	261.06M
Adjusted Diluted Earnings per Share	($0.14)	$0.00	$0.00	$0.00	($0.15)	$0.00	($0.01)	($0.12)	($0.06)	($0.13)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	386.06M	201.44M	387.87M	389.01M	204.97M	204.10M	237.05M	260.33M	260.53M	254.74M	261.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	386.06M	386.06M	387.87M	389.01M	389.52M	434.30M	434.42M	434.67M	434.86M	435.23M	435.88M
Normalized Net Operating Profit after Tax (NOPAT)	-28	-26	-25	-27	-23	-17	-25	-17	-16	-25	-24
Normalized NOPAT Margin	-154.81%	-127.73%	-139.17%	-120.92%	-91.68%	-55.85%	-107.43%	-67.67%	-64.75%	-	-94.17%
Pre Tax Income Margin	-161.30%	-159.88%	-250.35%	-118.51%	-126.21%	-784.18%	-11.05%	-120.49%	-65.67%	-	-118.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Augmented Payout Ratio	-0.30%	-0.03%	0.00%	0.00%	0.00%	-0.11%	-186.35%	-184.22%	-194.06%	-	0.00%

Financials Breakdown Chart

Key Financial Trends

Rumble’s latest quarter shows a large cash cushion, but the business is still operating at a meaningful loss. In Q1 2026, revenue fell modestly year over year while operating losses remained wide, and the company used cash in operations. At the same time, the balance sheet still shows a very strong liquidity position with more than $219 million in cash and equivalents.

Cash and equivalents were still strong at $219.0 million at the end of Q1 2026, giving Rumble a sizable liquidity buffer.
The company remained in a net equity position, with total equity of about $249.9 million versus total liabilities of $61.3 million.
Operating cash outflow improved sequentially versus Q4 2025, with cash from operations at -$16.6 million compared with -$29.4 million in the prior quarter.
Revenue still generated $25.5 million in Q1 2026, showing the company continues to monetize its platform despite losses.
The company’s cash position remains well above its quarterly operating cash burn, which reduces near-term financing pressure.
Q1 2026 revenue of $25.5 million was down slightly from $27.1 million in Q4 2025 and roughly flat versus the last several quarters, suggesting limited top-line acceleration.
Gross profit was negative $1.5 million in Q1 2026, meaning cost of revenue exceeded revenue for the quarter.
Depreciation, amortization, and acquisition-related spending continue to be part of the cash flow profile, which is typical for a growing platform but still adds to costs.
Rumble reported a net loss of $30.3 million in Q1 2026, which remains substantial relative to revenue.
Operating loss widened to $39.1 million, reflecting an expense base that is still much larger than gross profit.
For the quarter, the company posted negative operating cash flow of $16.6 million, so the core business is still consuming cash.
The company’s retained earnings deficit deepened to negative $595.7 million, showing a long history of accumulated losses.
Revenue has not consistently covered cost of revenue over the last several quarters, which suggests profitability remains a challenge.

Longer-term trend: Rumble’s revenue has grown from the high-teens millions in early 2024 to the mid-$20 millions in 2025 and Q1 2026, but profitability has not kept pace. Operating losses and net losses remain persistent, and the company has relied on a strong cash balance to fund operations. The main bullish point is the balance sheet; the main bearish point is that the business still has not shown durable earnings or cash-flow profitability.

06/23/26 10:52 AM ETAI Generated. May Contain Errors.

Rumble Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rumble's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Rumble's net income appears to be on an upward trend, with a most recent value of -$81.83 million in 2025, rising from -$13.41 million in 2021. The previous period was -$338.36 million in 2024. View Rumble's forecast to see where analysts expect Rumble to go next.

Rumble's total operating income in 2025 was -$126.65 million, based on the following breakdown:

Total Gross Profit: -$6.76 million
Total Operating Expenses: $119.24 million

Over the last 4 years, Rumble's total revenue changed from $9.47 million in 2021 to $100.62 million in 2025, a change of 962.9%.

Rumble's total liabilities were at $62.00 million at the end of 2025, a 76.0% decrease from 2024, and a 33,949.9% increase since 2020.

In the past 5 years, Rumble's cash and equivalents has ranged from $25 thousand in 2020 to $337.17 million in 2022, and is currently $237.92 million as of their latest financial filing in 2025.

Over the last 4 years, Rumble's book value per share changed from 0.80 in 2021 to 1.08 in 2025, a change of 35.7%.

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Financial statements for NASDAQ:RUM last updated on 5/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Rumble (RUM) Financials

Financials Breakdown Chart

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Rumble Financials - Frequently Asked Questions

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Rumble (RUM) Financials

Annual Income Statements for Rumble

Quarterly Income Statements for Rumble

Annual Cash Flow Statements for Rumble

Quarterly Cash Flow Statements for Rumble

Annual Balance Sheets for Rumble

Quarterly Balance Sheets for Rumble

Annual Metrics And Ratios for Rumble

Quarterly Metrics And Ratios for Rumble

Financials Breakdown Chart

Key Financial Trends

Rumble Financials - Frequently Asked Questions

When does Rumble's fiscal year end?

How has Rumble's net income changed over the last 4 years?

What is Rumble's operating income?

How has Rumble's revenue changed over the last 4 years?

How much debt does Rumble have?

How much cash does Rumble have?

How has Rumble's book value per share changed over the last 4 years?

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