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Rum Group Inc 10-Q Filings

RUM NASDAQ

Every 10-Q that Rum Group Inc (RUM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow RUM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RUM filings page.

Rhea-AI Summary

RUM Group Inc. reported sharply higher scale following the June 17, 2026 acquisition of about 85% of Northern Data AG, adding large AI and high-performance computing infrastructure. Total assets rose to $2.12 billion from $336.8 million, including $913.8 million of property and equipment and $415.2 million of goodwill.

For the quarter ended June 30, 2026, revenue increased to $40.4 million from $25.1 million, but the company posted a much larger net loss attributable to RUM of $79.1 million versus $30.2 million. For the first six months, revenue was $65.8 million and net loss attributable to RUM was $109.4 million. Losses reflected significantly higher cost of services, general and administrative, sales and marketing, research and development, $33.2 million of acquisition-related transaction costs, and higher amortization and depreciation.

Operating cash outflow for the six months was $66.1 million, while cash and cash equivalents were $203.3 million. The NDAG deal consideration totaled $1.52 billion, including equity, pre-funded warrants, and a euro-denominated $366.6 million convertible note to Tether that contains an embedded derivative. RUM also disclosed VAT disputes in Sweden involving Decentric Europe B.V. and Hydro66 Svenska AB, for which Swedish Tax Agency final assessments have been issued and appealed.

Rhea-AI Summary

Rumble Inc. reported higher revenue but a much larger loss for the quarter ended March 31, 2026. Revenue rose to $25.5M from $23.7M a year earlier, driven mainly by Audience Monetization, including higher subscription and advertising revenue.

Expenses grew to $64.6M, with heavier sales and marketing and $4.8M of acquisition-related transaction costs, leading to a net loss of $30.3M versus $2.7M in the prior-year period. Adjusted EBITDA was a loss of $21.0M. Rumble ended the quarter with $219.0M in cash and cash equivalents and bitcoin holdings with a fair value of $14.4M.

The company averaged 56 million monthly active users in Q1 2026 and reported ARPU of $0.40. It advanced its strategy with an exchange offer to acquire Northern Data AG and related agreements with Tether, including up to $150M of GPU services over two years and $100M of advertising commitments.

Rhea-AI Summary

Rumble Inc. reported third‑quarter 2025 results. Revenue was $24.8 million, roughly flat year over year, while the net loss narrowed to $16.3 million from $31.5 million a year ago. Operating loss improved as cost of services fell, driven by lower programming and content spend. Interest income and a gain on warrant remeasurement also supported results.

Cash and cash equivalents were $269.8 million as of September 30, 2025. Year‑to‑date revenue reached $73.6 million, up 13%. Average monthly active users were 47 million in Q3 under GA4, and ARPU was $0.45.

During 2025, Rumble closed a $775 million strategic investment from Tether by issuing 103,333,333 Class A shares at $7.50 per share and completed a tender offer repurchasing 70,000,000 shares for $525 million. The company also invested in bitcoin (210.82 units; fair value $24.0 million at quarter‑end). Subsequent to quarter‑end, Rumble signed a business combination agreement with Northern Data and announced a $100 million advertising commitment from Tether, plus up to $150 million in GPU services purchases following the exchange offer closing.

Rhea-AI Summary

Rumble Inc. reported mixed second-quarter results with revenue growth, a large financing event and continued operating losses. Revenue rose to $25.1 million in Q2 2025, up 12% from $22.5 million a year earlier, driven by Audience Monetization and Other Initiatives. The company recorded a quarterly net loss of $30.2 million, larger than the prior-year quarter, while six-month net loss improved to $32.9 million from $70.1 million in 2024.

Rumble closed a $775 million strategic investment from Tether and completed a $525 million tender to repurchase ~70.0 million shares, leaving net proceeds of $250.0 million and increasing cash to $283.8 million at June 30, 2025. Average MAUs were 51 million in Q2 (down 14% QoQ) while ARPU rose to $0.42 (up 24% QoQ). The company purchased bitcoin (cost $19.1 million; fair value $22.6 million) and disclosed material weaknesses in internal control as of Dec 31, 2024 and a lawsuit alleging approximately $419.0 million in damages.