Rumble (RUM) AI Stock Analysis

• Market Cap: $3.71B
• Dividend Yield: N/A
• Average Volume (3M): 2.54M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.81
• Revenue Growth: 25.14%
• EPS Growth: -123.03%
• Country: US
• Employees: 135
• Sector: Technology
• Sector Strength: 82
• Industry: Software - Application
• EPS (TTM): -0.01
• Shares Outstanding: 214,941,930
• 10 Day Avg. Volume: 2,667,273
• 30 Day Avg. Volume: 2,538,226
• PEG Ratio: 55.31
• Price to Book (P/B): 4.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -34.87
• Enterprise Value/Market Cap: 0.30
• Enterprise Value/Revenue: 3.06
• Enterprise Value/Gross Profit: -31.43
• Enterprise Value/Ebitda: -1.23
• 1Y Price Target: $14.00
• Price Target Upside: 63.93% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 56 Neutral
• Price Target: $9.00 ▲(5.39%Upside)

Rumble's overall stock score is driven by its financial struggles, including negative profitability and liquidity issues, which are significant risks. However, growth in users and revenue, along with strategic partnerships, provide some optimism for future performance.

Positive Factors

Client Partnerships

Numerous impressive client wins as monetization efforts accelerate, with partnerships announced with Netflix, Crypto.com, and Chevron.

Financial Performance

Rumble reported strong 1Q25 results ahead of expectations on revenue and reaffirmed the 2025 goal of reaching adjusted EBITDA breakeven.

User Growth

Rumble's audience growth is impressive, with monthly active users surging to 67M, driven by platform upgrades and new offerings set to boost monetization.

Negative Factors

EBITDA Performance

Adjusted EBITDA was a loss greater than expected, due to one-off items including payroll expenses and charges related to executive departures.

Financial Guidance

The company introduced 1Q25 revenue guidance of at least 25% year-over-year, below consensus of 41% growth.

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 subscription-based video sharing platform. The company was founded in 2013 and is based in Longboat Key, Florida.

How the Company Makes Money

Rumble makes money primarily through advertising revenue, taking a share of the ad revenue generated from videos on its platform. The company operates an ad-supported model where advertisers can place ads on videos, and revenues are shared with content creators based on views and engagement metrics. Additionally, Rumble offers subscription services for viewers who prefer an ad-free experience, providing another revenue stream. Rumble also engages in partnerships with content creators and media organizations to expand its content offerings, which can enhance user engagement and attract more advertisers. The company's focus on supporting creators with favorable revenue-sharing terms is a significant factor in its earnings strategy.

Rumble Financial Statement Overview

Summary

Rumble's financial performance is weak, marked by negative profitability and cash flow metrics, alongside a weak balance sheet. Despite revenue growth, the company struggles with substantial losses and liquidity issues, posing high financial risk.

Income Statement

Rumble showed significant revenue growth from 2020 to 2024, but profitability metrics such as gross profit margin and net profit margin are deeply negative, indicating substantial operational challenges. EBIT and EBITDA margins are also negative, reflecting high operating losses.

Balance Sheet

The balance sheet reveals a troubling scenario with a negative equity position in 2020, improving slightly but still weak in subsequent years. The debt-to-equity ratio is undefined due to zero equity in the latest year, highlighting potential financial instability.

Cash Flow

Rumble's cash flow performance is poor, with negative free cash flow and operating cash flow in several years. Despite some improvement in operating cash flow over time, the free cash flow remains negative, indicating ongoing liquidity challenges.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
101.46M	95.49M	80.96M	39.38M	9.47M	4.56M
	Gross Profit
-35.22M	-42.98M	-65.19M	-4.36M	2.27M	1.84M
	EBIT
-132.23M	-130.85M	-135.55M	-35.65M	-7.58M	-1.20M
	EBITDA
-298.64M	-326.76M	-131.47M	-32.93M	-10.37M	-1.16M
	Net Income Common Stockholders
-297.72M	-338.36M	-116.42M	-11.40M	-13.41M	-1.26M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
301.29M	114.02M	219.47M	338.27M	46.85M	1.45M
	Total Assets
391.12M	195.31M	295.71M	366.98M	55.80M	2.68M
	Total Debt
1.56M	1.80M	2.61M	1.42M	1.51M	424.99K
	Net Debt
-299.73M	-112.22M	-215.73M	-335.75M	-45.34M	-1.02M
	Total Liabilities
51.51M	258.43M	44.09M	27.35M	25.43M	3.02M
	Stockholders Equity
339.61M	-63.12M	251.62M	339.63M	30.37M	-340.94K
Cash Flow		Free Cash Flow
-73.78M	-94.18M	-110.40M	-41.37M	-7.03M	-17.61K
	Operating Cash Flow
-67.65M	-87.01M	-92.91M	-32.33M	-5.19M	51.19K
	Investing Cash Flow
-33.71M	-15.64M	-23.77M	-10.14M	1.58M	-68.81K
	Financing Cash Flow
219.94M	-1.67M	-2.15M	332.79M	49.01M	-423.52K

Rumble Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RUM, the sentiment is Negative. The current price of 8.54 is below the 20-day moving average (MA) of 9.02, below the 50-day MA of 8.63, and above the 200-day MA of 8.33, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 43.23 is Neutral, neither overbought nor oversold. The STOCH value of 23.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RUM.

Rumble Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRND	73 Outperform	$4.43B	―	-63.52%	―	30.08%	-196.62%
PUBM	72 Outperform	$534.84M	129.95	1.94%	―	3.62%	-53.21%
VMEO	72 Outperform	$654.03M	40.72	4.29%	―	-0.05%	23.22%
DSP	65 Neutral	$794.60M	421.93	4.15%	―	30.64%	―
Sector *	62 Neutral	CHF2.64B	7.00	-4.78%	1.93%	-31.72%	-149.74%
RUM	56 Neutral	$3.71B	―	-108.20%	―	25.14%	-123.03%
BMBL	56 Neutral	$537.12M	―	-46.57%	―	-2.39%	-2961.26%

Rumble Corporate Events

Rumble Elects Directors at Annual Meeting

Rumble Inc. held its 2025 Annual Meeting of Stockholders on June 12, 2025, where seven directors were elected to serve for one-year terms. The stockholders also ratified the selection of Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (RUM) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Rumble stock, see the RUM Stock Forecast page.

Rumble Reports 34% Revenue Increase in Q1 2025

Rumble Inc. reported a 34% increase in revenue to $23.7 million for the first quarter of 2025, with improved user retention and a significant reduction in net loss compared to the previous year. The company secured a cloud services contract with El Salvador and announced partnerships with notable entities such as the Tampa Bay Buccaneers and the White House. Additionally, Rumble has been involved in legal actions advocating for free speech and is preparing for international expansion with the upcoming release of Rumble Wallet.

Robert Arsov Resigns from Rumble’s Board of Directors

On April 3, 2025, Robert Arsov resigned from the Board of Directors of Rumble Inc., reducing the board size to seven directors. His departure was amicable, and he was granted an extension on his stock options exercise period, reflecting his significant contributions to the company.