Rumble Inc.

Listed Company

RUMBWCIK 0001830081NasdaqEmerging GrowthServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31

Period

FY 2025

Revenue

$100.62M

Net Income

$-81.83M

Total Assets

$336.85M

Equity

$274.84M

Shares Out

—

Op. Cash Flow

$-70.43M

Business

Rumble Inc. operates a video sharing and livestreaming platform and provides cloud infrastructure services that support creators, advertisers, publishers, and businesses. Its main offerings include Rumble.com (video sharing and livestreaming), Rumble Studio (livestreaming and monetization marketplace), Rumble Advertising Center (proprietary ad marketplace and network), subscription services (Rumble Premium, Locals) and Rumble Cloud (IaaS compute, storage, networking and related services). The company is organized into two business units—Rumble Services (Rumble Video, Rumble Streaming Marketplace, RAC) and Rumble Cloud. It distributes content and services via desktop web, iOS and Android mobile apps, connected TV apps, an advertising network, self-serve and direct sales channels, and serves primarily U.S. and Canadian markets while pursuing international expansion.

Summary from filing dated 2025-03-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	101	95	81	39	9
Cost of services (content, hosting and other)	107	138	146	—	—
General and administrative	49	37	37	16	3
Research and development	19	19	16	6	2
Sales and marketing	24	17	13	6	3
Acquisition-related transaction costs	13	—	1	—	—
Amortization and depreciation	15	14	5	2	—
Change in fair value of digital assets	649,638	—	—	—	—
Change in fair value of contingent consideration	—	1	—	—	—
Total expenses	227	226	217	—	—
Loss from operations	−127	−131	−136	−36	−11
Interest income	10	8	14	—	—
Other expense	−10,643	−207,431	−125,511	—	—
Change in fair value of warrant liability	25	−33	2	21	—
Change in fair value of derivative	10	−185	—	—	—
Loss before income taxes	−82	−340	−120	−12	−14
Income tax (expense) benefit	−67,228	2	3	215,428	−575
Net loss	−82	−338	−116	−11	−13
Loss per share basic (in Dollars per share)	−0.32	−1.66	−0.58	−0.05	−0.06
Loss per share diluted (in Dollars per share)	−0.32	−1.66	−0.58	−0.05	−0.06
Weighted-average number of common shares used in computing net loss per share - basic (in Shares)	255	204	201	242	—
Weighted-average number of common shares used in computing net loss per share - diluted (in Shares)	255	204	201	242	211
Total share-based compensation expense	24	24	16	2	1

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-01-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	238	—	114	218	337
Accounts receivable, net	12	—	10	5	5
Prepaid expenses and other	15	—	12	13	9
Total current assets	265	—	136	238	352
Other non-current assets	1	—	402,475	2	547,589
Digital assets	18	—	—	—	—
Property and equipment, net	16	—	17	20	9
Right-of-use assets, net	2	—	2	2	1
Intangible assets, net	24	—	29	23	3
Goodwill	11	—	11	11	662,899
Total assets	337	—	195	296	367
Accounts payable and accrued liabilities	28	—	18	25	14
Deferred revenue	16	—	13	7	1
Lease liabilities	1	—	1	975,844	583,186
Derivative liability	—	—	185	—	—
Total current liabilities	45	—	217	34	16
Lease liabilities, net of current portion	633,128	—	799,910	2	835,924
Warrant liability	16	—	40	8	10
Other liability	500,000	—	500,000	—	500,000
Total liabilities	62	—	258	44	27
Commitments and contingencies (Note 16)	—	—	—	—	—
Preferred shares ($0.0001 par value per share, 20,000,000 shares authorized, no shares issued or outstanding)	—	—	—	—	—
Common shares value	773,439	—	768,892	768,523	768,357
Accumulated deficit	−565	—	−484	−145	−29
Additional paid-in capital	839	175	420	396	368
Shareholders equity	275	—	−63	252	340
Total liabilities and shareholders equity	337	—	195	296	367

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-05-31	FY 2022 2022-12-31
Share-based compensation	24	22	16	—	2
Provision for credit losses	954,321	—	—	—	—
Net trade and barter revenue and expense	−118,873	118,873	—	—	—
Non-cash lease expense	1	997,541	788,799	—	—
Change in fair value of contingent consideration	—	1	−2	—	—
Loss on disposal of property and equipment	20,771	—	—	—	—
Loss on lease termination	925	—	—	—	—
Accounts receivable	−3	−4	−674,981	—	−3
Prepaid expenses and other	−3	2	−5	—	—
Accounts payable and accrued liabilities	9	−4	10	—	8
Deferred revenue	3	6	6	—	—
Deferred tax liability	—	−2	—	—	—
Operating lease liabilities	−1	−1	−770,727	—	−496,835
Net cash used in operating activities	−70	−87	−93	—	−32
Purchase of property and equipment	−4	−3	−15	—	−9
Purchase of intangible assets	−3	−4	−3	—	−494,769
Sale and maturities of marketable securities	—	1	1	—	—
Purchase of digital assets	−19	—	—	—	—
Cash paid to non-accredited investors in connection with Callin acquisition	—	−2	−7	14,808	—
Cash paid in connection with North River acquisition	—	−7	—	—	—
Net cash used in investing activities	−26	−16	−24	—	−10
Taxes paid from net share settlement for share-based compensation	−3	−2	−2	—	—
Proceeds from exercise of warrants and stock options	3	663,204	—	—	—
Proceeds from issuance of Class A Common Stock under ESPP	175,510	—	—	—	—
Proceeds from issuance of Class A Comon Stock	775	—	—	—	—
Repurchase of Class A Common Stock	−525	—	—	—	−11
Share issuance costs	−29	−365,220	−40,478	—	−54
Net cash provided by (used in) financing activities	220	−2	−2	—	333
Increase (decrease) in cash and cash equivalents during the period	124	−104	−119	—	290
Cash paid for income taxes	33,755	71,864	31,974	—	—
Cash paid for interest	—	288	4,212	—	54
Cash paid for lease liabilities	1	1	—	—	—
Class A Common Stock issued to settle contingent consideration liability	—	1	—	—	—
Deferred issuance costs included in accounts payable and accrued liabilities	—	880,000	—	—	—
Settlement of the derivative liability	175	—	—	—	—
Property and equipment in accounts payable and accrued liabilities	893,270	46,210	123,946	—	621,045
Recognition of operating right-of-use assets in exchange of operating lease liabilities, net of derecognition of terminated leases	1	276,738	—	—	—
Share-based compensation capitalized related to intangible assets	565,709	736,966	—	—	—

Filings

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