Rumble (RUM)
NASDAQ:RUM
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Rumble
(NASDAQ:RUM)
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Rating:56Neutral
Price Target:
$8.00
▲(26.58% Upside)
Action:ReiteratedDate:05/01/26
The score is held back primarily by weak financial performance (large losses, negative free cash flow, and fragile equity), partially offset by supportive technical momentum and a relatively constructive earnings-call outlook driven by 2026 growth initiatives and strategic partnerships. Valuation remains difficult to support due to ongoing losses, and execution risk around key 2026 catalysts remains meaningful.
Positive Factors
Liquidity / Runway
A strong liquidity position with ~$256M provides multi-quarter runway to fund product launches, marketing and the Northern Data integration. This cash buffer reduces near-term insolvency risk and gives management time to execute monetization initiatives and gradual cost re-investments.
Negative Factors
Negative Cash Flow
Chronic negative operating and free cash flow means the business consumes capital to sustain growth. Over months this necessitates continued external financing or drawdown of liquidity, constraining strategic flexibility and increasing dilution or leverage risk if monetization lags.
Read all positive and negative factors
Positive Factors
Negative Factors
Liquidity / Runway
A strong liquidity position with ~$256M provides multi-quarter runway to fund product launches, marketing and the Northern Data integration. This cash buffer reduces near-term insolvency risk and gives management time to execute monetization initiatives and gradual cost re-investments.
Read all positive factors
Rumble (RUM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.28B
Dividend YieldN/A
Average Volume (3M)2.06M
Price to Earnings (P/E)―
Beta (1Y)2.07
Revenue Growth5.38%
EPS Growth80.93%
CountryUS
Employees135
SectorCommunication Services
Sector Strength97
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.13
Shares Outstanding215,749,010
10 Day Avg. Volume2,802,462
30 Day Avg. Volume2,056,326
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)5.86
Price to Sales (P/S)16.00
P/FCF Ratio-21.61
Enterprise Value/Market Cap0.81
Enterprise Value/Revenue26.41
Enterprise Value/Gross Profit186.54
Enterprise Value/Ebitda-42.47
Forecast
1Y Price Target
$22.00Price Target Upside248.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.18
Revenue Forecast (FY)$165.00M
Rumble Business Overview & Revenue Model
Company Description
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.com, a ...
How the Company Makes Money
Rumble primarily generates revenue from (1) advertising and monetization on its video platform, where it sells ads and shares monetization with creators/publishers; (2) subscription-based offerings tied to its platform and creator ecosystem (e.g.,...
Rumble Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
The call presents a constructive forward-looking outlook with several operational and strategic positives: product launches (Rumble Wallet, Rumble Shorts) showing strong early traction, sequential MAU and revenue growth, meaningful cost reductions, improved full-year adjusted EBITDA, solid liquidity, a significant Tether advertising commitment, and the transformative potential of the pending Northern Data acquisition (high GPU utilization and strong demand). Offsetting these positives are near-term revenue headwinds (Q4 YoY decline), continued quarterly adjusted EBITDA loss, modest ARPU, international monetization dilution, ongoing operating cash burn, and timing/execution risk around ad monetization, sales-cycle length, and the Northern Data close. Overall, the highlights — including concrete product progress, incremental monetization improvements and strategic cloud opportunities — modestly outweigh the lowlights, though several important execution risks remain.Positive Updates
Annual Revenue Milestone
Full year 2025 revenue reached $100.6M, up 5% versus $95.5M in 2024 — the company's first time surpassing $100M in annual revenue.
Negative Updates
Quarterly Year-over-Year Revenue Decline
Q4 revenue was down year-over-year by $3.2M. The decline was driven by a $5.5M reduction in audience monetization revenues (advertising, tipping and platform hosting fees), partially offset by a $2.7M increase in subscription and licensing fees.
Read all updates
Q4-2025 Updates
Positive
Negative
Annual Revenue Milestone
Full year 2025 revenue reached $100.6M, up 5% versus $95.5M in 2024 — the company's first time surpassing $100M in annual revenue.
Read all positive updates
Company Guidance
Management guided that 2026 should be a year of accelerating growth driven by Rumble Shorts, the Tether advertising and data‑center commitments, and the pending Northern Data acquisition: Northern Data is expected to close in Q2 2026 and was operating at roughly 85% GPU utilization by end‑February, Tether’s advertising deal is $50M per year (a $100M two‑year commitment) and is expected to materially ramp in Q2–Q3 2026 (analysts also referenced a ~$150M Tether data‑center spend), Rumble Shorts exceeded 1.0M unique video views in a single day (up from 669k a week earlier) and ads are planned for Q3–Q4 after an initial growth period, and sales under new President of Sales are expected to produce meaningful brand revenue in the back half of 2026 and into 2027; financially the company closed FY2025 with $100.6M revenue (Q4 $27.1M, +9% sequential from $24.8M), average MAUs 52M (+11% q/q), ARPU $0.46 (+2% q/q), Q4 cost of services $25.6M (–26% YoY), Q4 adjusted EBITDA loss $16M (FY adjusted EBITDA loss $74.3M, improved from $92.1M), Q4 net loss $32.7M, ending liquidity $256.4M (cash $237.9M, $18.5M Bitcoin) and FY net cash used in operations $70.4M (improved from $87M).Rumble Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
16
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 100.62M | 95.49M | 80.96M | 39.38M | 9.47M |
| Gross Profit | 14.24M | -42.98M | -65.19M | -4.36M | 1.66M |
| EBITDA | -62.57M | -326.76M | -131.47M | -32.40M | -10.37M |
| Net Income | -81.83M | -338.36M | -116.42M | -11.40M | -13.41M |
Balance Sheet | |||||
| Total Assets | 336.85M | 195.31M | 295.71M | 366.98M | 55.80M |
| Cash, Cash Equivalents and Short-Term Investments | 237.92M | 114.02M | 219.47M | 338.27M | 46.85M |
| Total Debt | 1.91M | 1.80M | 2.61M | 1.42M | 1.51M |
| Total Liabilities | 62.00M | 258.43M | 44.09M | 27.35M | 25.43M |
| Stockholders Equity | 274.84M | -63.12M | 251.62M | 339.63M | 30.37M |
Cash Flow | |||||
| Free Cash Flow | -74.50M | -89.68M | -107.48M | -41.33M | -7.15M |
| Operating Cash Flow | -70.43M | -87.01M | -92.91M | -32.29M | -5.31M |
| Investing Cash Flow | -26.05M | -15.64M | -23.77M | -10.14M | 1.58M |
| Financing Cash Flow | 220.39M | -1.67M | -2.15M | 332.79M | 49.13M |
Rumble Technical Analysis
Positive
6.32
Price Trends
5.45
Positive
5.99
Positive
6.83
Negative
Market Momentum
0.13
Negative
70.06
Negative
84.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RUM, the sentiment is Positive. The current price of 6.32 is above the 20-day moving average (MA) of 5.20, above the 50-day MA of 5.45, and below the 200-day MA of 6.83, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 70.06 is Negative, neither overbought nor oversold. The STOCH value of 84.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RUM.
Rumble Risk Analysis
Rumble disclosed 52 risk factors in its most recent earnings report. Rumble reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Rumble Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $11.32B | 41.90 | 8.74% | ― | 15.79% | -77.48% | |
67 Neutral | $2.48B | 27.11 | 60.60% | ― | 27.64% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $538.74M | -0.53 | -106.91% | ― | -9.89% | -26.49% | |
59 Neutral | $10.25B | -29.98 | -20.72% | ― | 10.63% | 35.31% | |
56 Neutral | $3.28B | -19.67 | -26.59% | ― | 5.38% | 80.93% |
* Communication Services Sector Average
RUM
Rumble
7.53
-0.25
-3.21%
SNAP
Snap
6.07
-1.76
-22.48%
PINS
Pinterest
19.66
-5.83
-22.87%
GRND
Grindr
13.37
-8.88
-39.91%
BMBL
Bumble
4.15
-0.29
-6.53%
Rumble Corporate Events
Business Operations and StrategyExecutive/Board Changes
Rumble Appoints New CFO to Support Cloud Expansion
Positive
Mar 27, 2026
Rumble Inc., the Freedom-First technology platform listed on Nasdaq as RUM, is expanding its position in online video and cloud infrastructure through a suite of products spanning video sharing, creator monetization, advertising technology, crypto...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Rumble Reports Record 2025 Revenue and User Growth
Positive
Mar 5, 2026
Rumble reported that for the fourth quarter and full year ended Dec. 31, 2025, it surpassed $100 million in annual revenue for the first time, generated $27.1 million in Q4 revenue with 11% sequential growth in monthly active users to 52 million, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.