RUM

MKT CAP:$3B

Rumble Inc.

Market Cap

$3B

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$6.32-$0.05 (-0.78%)

Apr 17, 2026

Company Details

Rumble 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....

CEO

Christopher Pavlovski

IPO Date

Apr 14, 2021

Website

www.rumble.com

Key Metrics TTM

Revenue

$104M

+21.2% YoY

Net Income

-$286M

EPS (Diluted)

-$1.34

Free Cash Flow

-$56M

Revenue / Share

$0.40

Gross Margin

-15.8%

Operating Margin

-111.2%

Net Margin

-275.5%

FCF Margin

-54.4%

P/S

27.3x

P/E

—

Earnings Reports

Q4 2025

May 14, 2026

PENDING

Q3 2025

Nov 10, 2025

$25M-1.2%EPS -$0.06

Q2 2025

Aug 11, 2025

$25M+11.6%EPS -$0.12

Q1 2025

May 8, 2025

$24M+33.7%EPS -$0.01

FY 2024

Mar 25, 2025

$95M+17.9%EPS -$1.66

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$2M	$259.9K	-$2M
Q1 22	$4M	$302.2K	-$4M
Q2 22	$4M	$215.9K	-$5M
Q3 22	$11M	-$1M	-$8M
Q4 22	$20M	-$4M	-$19M
Q1 23	$18M	-$8M	-$24M
Q2 23	$25M	-$16M	-$34M
Q3 23	$18M	-$22M	-$40M
Q4 23	$20M	-$19M	-$37M
Q1 24	$18M	-$14M	-$35M
Q2 24	$22M	-$13M	-$39M
Q3 24	$25M	-$11M	-$33M
Q4 24	$30M	-$4M	-$24M
Q1 25	$24M	-$6M	-$36M
Q2 25	$25M	-$1M	-$27M
Q3 25	$25M	-$4M	-$28M

Valuation

Quarter	P/S	P/E
Q3 21	192.4x	—
Q1 22	305.9x	—
Q2 22	223.1x	—
Q3 22	115.9x	—
Q4 22	39.3x	—
Q1 23	35.8x	—
Q2 23	23.9x	—
Q3 23	12.5x	—
Q4 23	10.8x	—
Q1 24	18.2x	—
Q2 24	15.0x	—
Q3 24	12.9x	—
Q4 24	29.8x	—
Q1 25	18.1x	—
Q2 25	22.5x	—
Q3 25	18.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$213.1K	-$1M
Q1 22	-$4M	-$5M
Q2 22	-$6M	-$8M
Q3 22	-$8M	-$10M
Q4 22	-$15M	-$18M
Q1 23	-$10M	-$12M
Q2 23	-$25M	-$30M
Q3 23	-$25M	-$29M
Q4 23	-$33M	-$39M
Q1 24	-$34M	-$36M
Q2 24	-$22M	-$23M
Q3 24	-$19M	-$20M
Q4 24	-$12M	-$12M
Q1 25	-$14M	-$15M
Q2 25	-$16M	-$17M
Q3 25	-$11M	-$12M

Capital Expenditures

Quarter	CapEx
Q3 21	$1M
Q1 22	$2M
Q2 22	$2M
Q3 22	$2M
Q4 22	$3M
Q1 23	$2M
Q2 23	$6M
Q3 23	$4M
Q4 23	$6M
Q1 24	$2M
Q2 24	$1M
Q3 24	$864.0K
Q4 24	$19.2K
Q1 25	$746.4K
Q2 25	$905.6K
Q3 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+139.0%	+78.9%
Q1 22	+80.8%	+289.8%
Q2 22	+88.6%	+304.3%
Q3 22	+416.9%	+617.3%
Q4 22	+864.4%	+976.3%
Q1 23	+335.5%	+417.7%
Q2 23	+467.7%	+553.4%
Q3 23	+63.7%	+210.5%
Q4 23	+2.2%	+46.9%
Q1 24	+0.7%	+27.9%
Q2 24	-10.0%	+3.1%
Q3 24	+39.3%	-0.6%
Q4 24	+48.2%	-5.5%
Q1 25	+33.7%	+13.9%
Q2 25	+11.6%	-15.6%
Q3 25	-1.2%	-8.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	0.0%
Q1 22	$17.0K	0.4%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$2M	8.6%
Q1 23	$2M	13.1%
Q2 23	$4M	15.5%
Q3 23	$5M	26.5%
Q4 23	$6M	28.4%
Q1 24	$5M	26.9%
Q2 24	$0	0.0%
Q3 24	$6M	24.2%
Q4 24	$6M	21.0%
Q1 25	$9M	36.6%
Q2 25	$5M	21.4%
Q3 25	$5M	21.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$314.1K	$690.4K	$713.2K
Q1 22	$792.3K	$2M	$810.5K
Q2 22	$1M	$2M	$1M
Q3 22	$2M	$3M	$1M
Q4 22	$3M	$10M	$3M
Q1 23	$3M	$9M	$3M
Q2 23	$4M	$9M	$4M
Q3 23	$5M	$9M	$3M
Q4 23	$4M	$9M	$3M
Q1 24	$5M	$9M	$3M
Q2 24	$5M	$10M	$6M
Q3 24	$5M	$10M	$4M
Q4 24	$4M	$7M	$4M
Q1 25	$5M	$17M	$4M
Q2 25	$5M	$12M	$8M
Q3 25	$4M	$10M	$5M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 21	139.0%	-70.4%	68.5
Q1 22	80.8%	-71.0%	9.8
Q2 22	88.6%	-87.9%	0.8
Q3 22	416.9%	-66.9%	350.0
Q4 22	864.4%	-94.4%	770.0
Q1 23	335.5%	-129.4%	206.1
Q2 23	467.7%	-132.0%	335.6
Q3 23	63.7%	-221.1%	-157.3
Q4 23	2.2%	-174.8%	-172.6
Q1 24	0.7%	-176.2%	-175.5
Q2 24	-10.0%	-156.8%	-166.8
Q3 24	39.3%	-118.5%	-79.1
Q4 24	48.2%	-65.2%	-17.0
Q1 25	33.7%	-132.4%	-98.7
Q2 25	11.6%	-103.0%	-91.4
Q3 25	-1.2%	-50.0%	-51.2

Rule of 40

Revenue Segments

Quarter	Audience Monetization Member	Other Initiatives Member	Single Operating Segment Member
Q2 24	$20M	$3M	—
Q3 24	$22M	$3M	—
Q1 25	—	—	$24M
Q2 25	—	—	$25M
Q3 25	$21M	$3M	—

Revenue by Geography

Quarter	Canada	Other Member	United States
Q3 22	$109.1K	$125.9K	$11M
Q1 23	$64.5K	$1M	$16M
Q2 23	$232.4K	$1M	$24M
Q3 23	$401.1K	$2M	$16M
Q4 23	$345.0K	$1M	$19M
Q1 24	$182.3K	$592.9K	$17M
Q2 24	$939.2K	$680.2K	$21M
Q3 24	$488.5K	$984.8K	$24M
Q4 24	$318.3K	$2M	$28M
Q1 25	$418.6K	$1M	$22M
Q2 25	$346.1K	$3M	$22M
Q3 25	$229.1K	$1M	$23M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$41M	$0	$41M
Q2 22	$34M	$0	$34M
Q3 22	$357M	$0	$357M
Q4 22	$337M	$1M	$338M
Q1 23	$325M	$1M	$326M
Q2 23	$296M	$1M	$297M
Q3 23	$266M	$1M	$267M
Q4 23	$218M	$1M	$219M
Q1 24	$183M	$1M	$184M
Q2 24	$153M	$1M	$154M
Q3 24	$131M	$1M	$132M
Q4 24	$114M	$0	$114M
Q1 25	$301M	$0	$301M
Q2 25	$284M	$0	$284M
Q3 25	$270M	$0	$270M
Q4 25	$238M	$0	$238M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	174M	0.0%	0.0%
Q1 22	280M	+61.5%	+61.5%
Q2 22	280M	0.0%	+61.5%
Q3 22	178M	-36.5%	+2.6%
Q4 22	203M	+13.9%	+16.8%
Q1 23	203M	0.0%	-27.7%
Q2 23	201M	-0.7%	-28.2%
Q3 23	202M	+0.3%	+13.4%
Q4 23	202M	+0.0%	-0.4%
Q1 24	202M	+0.0%	-0.4%
Q2 24	204M	+1.1%	+1.4%
Q3 24	205M	+0.4%	+1.6%
Q4 24	205M	+0.2%	+1.7%
Q1 25	237M	+15.4%	+17.4%
Q2 25	260M	+9.8%	+27.6%
Q3 25	261M	+0.1%	+27.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	—	—
Q1 22	$1M	3
Q2 22	$1M	3
Q3 22	$4M	3
Q4 22	$285.1K	70
Q1 23	$251.6K	70
Q2 23	$356.8K	70
Q3 23	$256.9K	70
Q4 23	$129.1K	158
Q1 24	$112.2K	158
Q2 24	$142.2K	158
Q3 24	$158.6K	158
Q4 24	$223.9K	135
Q1 25	$175.6K	135
Q2 25	$185.8K	135
Q3 25	$183.4K	135

Revenue / Employee