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Rumble (RUM) AI Stock Analysis
Rumble
(NASDAQ:RUM)
The score is primarily weighed down by weak financial performance—deep losses and ongoing negative operating/free cash flow—alongside bearish technicals with the stock trading below major moving averages. Offsetting these are a more upbeat earnings outlook and strategic AI infrastructure expansion (including formal Q3 revenue guidance and high GPU utilization), but valuation support is limited given negative earnings and no dividend.
Rumble (RUM) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $2.22B
- Dividend Yield
- ―
- Average Volume (3M)
- 4.64M
- Price to Earnings (P/E)
- -8.6
- Beta (1Y)
- 2.37
- Revenue Growth
- 13.05%
- EPS Growth
- 59.37%
- Country
- US
- Employees
- 156
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Internet Content & Information
Rumble Business Overview & Revenue Model
Company Description
Rumble Inc. provides video sharing and cloud services platform in the United States, Canada, and internationally. The company offers Rumble Video, a free and subscription-based video sharing platform; Rumble Studio, a multi-platform livestreaming and...
How the Company Makes Money
Rumble’s revenue model primarily combines (1) advertising and monetization tied to video consumption on its platform and (2) fees from cloud and hosting services. On the media side, the company earns advertising revenue from ads served against video...
Rumble Earnings Call Summary
The call conveyed a transformational and growth‑oriented narrative: record revenue growth (61% YoY), a strategic acquisition that materially expanded GPU capacity (~22,000 GPUs) and led to the formation of Quake AI, improved utilization (>85%), a marquee customer contract, formal Q3 guidance ($87M–$93M) and solid liquidity. Offsetting these positives were a substantially wider net loss ($80.3M) driven by one‑time acquisition costs and higher noncash D&A, rising operating expenses, ongoing adjusted EBITDA losses, heavy near‑term CapEx and execution/supply risks to monetize targeted capacity. On balance the highlights—large revenue growth, meaningful strategic assets and clear pathway to much larger AI revenue—materially outweigh the current lowlights tied largely to integration and investment costs and execution risk.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management issued its first formal revenue guidance of $87–$93 million for Q3 2026 (the first full quarter including Quake AI) and will move to segment reporting (Rumble Video and Quake AI) starting in Q3 rather than reporting company-level MAU/ARPU; for context Q2 revenue was $40.4M (+61% YoY from $25.1M), adjusted EBITDA loss was $16.6M (improved from a $20.5M loss), net loss was $80.3M, total liquidity was $220.5M (cash $203.3M plus 293.14 BTC valued at roughly $17.2M), and investing activities included about $47M of IT CapEx — Rumble reported 57M average monthly active users and ARPU of $0.48 (+20% QoQ), while Quake AI brings ~22,000 NVIDIA H100/H200 GPUs running >85% utilization, a Together AI HGX B300 agreement, and 250 MW of targeted power for 2027 (including ~180 MW near Atlanta, ~50 MW in Sweden and ~20 MW in Norway) which the company says represents a $3B+ annual run‑rate opportunity.
Rumble Financial Statement Overview
Summary
Financial fundamentals are weak despite solid top-line growth. Revenue is expanding (TTM +14.9%) and gross margin has turned positive (~11.5%), but profitability remains deeply negative (net margin ~-135%) and cash burn persists (TTM operating cash flow about -$56.7M; free cash flow about -$62.3M). The balance sheet is comparatively better with sizeable equity (~$1.36B) and moderate leverage (debt-to-equity ~0.37), but rising debt (to ~$502M) and negative returns elevate execution risk.
Income Statement
27NegativeBalance Sheet
58NeutralCash Flow
24Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 117.66M | 100.62M | 95.49M | 80.96M | 39.38M | 9.47M |
| Gross Profit | 24.92M | 14.24M | -42.98M | -65.19M | -4.36M | 1.66M |
| EBITDA | -96.06M | -67.20M | -326.76M | -131.47M | -32.40M | -10.37M |
| Net Income | -158.37M | -81.83M | -338.36M | -116.42M | -11.40M | -13.41M |
Balance Sheet | ||||||
| Total Assets | 2.12B | 336.85M | 195.31M | 295.71M | 366.98M | 55.80M |
| Cash, Cash Equivalents and Short-Term Investments | 203.27M | 237.92M | 114.02M | 219.47M | 338.27M | 46.85M |
| Total Debt | 501.78M | 1.91M | 1.80M | 2.61M | 1.42M | 1.51M |
| Total Liabilities | 698.47M | 62.00M | 258.43M | 44.09M | 27.35M | 25.43M |
| Stockholders Equity | 1.34B | 274.84M | -63.12M | 251.62M | 339.63M | 30.37M |
Cash Flow | ||||||
| Free Cash Flow | -153.97M | -74.50M | -89.68M | -107.48M | -41.33M | -7.15M |
| Operating Cash Flow | -106.20M | -70.43M | -87.01M | -92.91M | -32.29M | -5.31M |
| Investing Cash Flow | -276.60K | -26.05M | -15.64M | -23.77M | -10.14M | 1.58M |
| Financing Cash Flow | 25.53M | 220.39M | -1.67M | -2.15M | 332.79M | 49.13M |
Rumble Technical Analysis
Price Trends
Market Momentum
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 5.11 is below the 20-day moving average (MA) of 5.98, below the 50-day MA of 7.42, and below the 200-day MA of 6.71, indicating a bearish trend. The MACD of -0.61 indicates Positive momentum. The RSI at 30.11 is Neutral, neither overbought nor oversold. The STOCH value of 10.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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.
Latest Risks Added
0 New RisksRumble Peers Comparison
Overall Rating
JOYY79Outperform
GOOGL73Outperform
BILI68Neutral
SNAP58Neutral- RUM48Neutral
DJT38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JOYY | 79Outperform | $3.88B | 19.00 | 3.35% | 6.65% | 7.52% | ― |
| GOOGL | 73Outperform | $3.41T | 14.82 | 42.62% | 0.30% | 22.21% | 89.60% |
| BILI | 68Neutral | $5.60B | 24.32 | 9.84% | ― | 10.34% | 620.66% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| SNAP | 58Neutral | $9.45B | -63.25 | -14.61% | ― | 12.65% | 42.94% |
| RUM | 48Neutral | $2.54B | -8.63 | -29.27% | ― | 13.05% | 59.37% |
| DJT | 38Underperform | $1.65B | -0.95 | -84.13% | ― | 21.61% | -854.66% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| RUM | Rumble Inc | 5.11 | -0.78 | -13.24% | |
| GOOGL | Alphabet Inc. Class A | 288.93 | 4.92 | 1.73% | |
| JOYY | Joyy, Inc. | 81.21 | 26.47 | 48.35% | |
| SNAP | Snap Inc | 5.92 | -2.09 | -26.09% | |
| BILI | Bilibili | 13.88 | -14.54 | -51.16% | |
| DJT | Trump Media & Technology Group Corp. | 4.49 | -8.84 | -66.32% |
Rumble Corporate Events
Rumble boosts Northern Data stake, nears full control
PositiveOn September 30, 2026, RUM Group Inc. completed the acquisition of an additional 8,256,155 outstanding shares of Northern Data AG from Tether Investments, S.A. de C.V., under a previously agreed Transaction Support Agreement. As consideration, the co...
Rumble Moves Toward Full Ownership of Northern Data AG
PositiveOn September 10, 2026, RUM Group Inc. announced plans to acquire additional outstanding shares of Northern Data AG, a leading AI and high-performance computing infrastructure provider, from Tether Investments under an existing Transaction Support Agr...
Rumble Announces Board Resignation and Governance Streamlining
NeutralOn August 21, 2026, RUM Group Inc. announced that director Paul Cappuccio resigned from its Board of Directors to concentrate on his new role as Chief Legal Officer at Reddit, Inc., which he is set to begin in September 2026. The company stated that...
Rumble Signs Major GPU Cloud Services Agreement
NegativeOn August 23, 2026, RUM Group Inc. entered into a six-year commercial agreement with an unaffiliated U.S. cloud customer for GPU services at its under-development Maysville, Ga., data center, covering three tranches with a total order value of about...
Rumble Reports Record Revenue Amid AI Expansion Strategy
PositiveIn the fiscal quarter ended June 30, 2026, RUM Group Inc. reported record revenue of $40.4 million, up 61% year-on-year and 58% quarter-on-quarter, with $30.3 million coming from its Rumble video business and $10.1 million contributed by the recently...
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.
Date of analysis: Nov 03, 2026