Rumble Inc. (RUM) AI Stock Analysis

NASDAQ: RUMAI research summary: business, growth, valuation, analysts, bull and bear case.

RUM AI stock analysis summary

AI Research

Rumble Inc. (RUM) provides video sharing, livestreaming, and subscription tools via rumble.com and locals.com. Annual revenue expanded from $9.5M in FY2021 to $100.6M in FY2025, but the business remains unprofitable with a net income of -$81.8M in FY2025. Trailing twelve months revenue stands at $117.7M alongside an operating margin of -99.2%.

Market cap
$2.28B
Revenue (TTM)
$117.7M
P/E
—
1Y return
-24.1%
S&P 500 16.8%
Avg. target
$23.50
313.0% vs last close

Bull case

  • Quarterly revenue grew 60.9% year-over-year for the period ended June 30, 2026.
  • FY2025 gross margin rebounded to positive 14.2% after reporting -25.7% in FY2024.
  • The consensus analyst price target of $23.50 sits 313.0% above the last closing price of $5.69.

Bear case

  • The company posted negative free cash flow of -$74.5M in FY2025 and an EPS of -$0.59 over the trailing twelve months.
  • Rumble trades at an EV-to-revenue multiple of 37.4x, compared to a peer median price-to-sales of 0.8x for US-listed Communication Services.
  • Rumble recorded zero EPS beats over the trailing 4 quarters.

What Rumble does

Rumble Inc. is a video sharing platform provider offering creators tools to host, livestream, manage, distribute, and monetize digital content. Its core platform, rumble.com, provides video hosting, livestreaming, distribution across channels, and Over-The-Top (OTT) feed creation. In addition, Rumble operates locals.com, a subscription-based video sharing platform focused on creator-audience communities. Founded in 2013 and based in Longboat Key, Florida, the company aims to serve both independent creators and established media entities.

Growth and profitability

Rumble's revenue grew at an 85.7% 5-year CAGR from FY2020 to FY2025, rising from $9.5M in FY2021 to $100.6M in FY2025. Revenue growth slowed to 5.4% in FY2025, while gross margin recovered to 14.2% from -25.7% in FY2024. Operating margin was -76.7% in FY2025, an improvement from -137.0% in FY2024. Net income reached -$81.8M in FY2025 compared to -$338.4M in FY2024. For the latest quarter ended June 30, 2026, quarterly revenue grew 60.9% year-over-year, bringing trailing twelve months revenue to $117.7M with a net profit margin of -134.6%.

RUM income statement →

Balance sheet and cash flow

As of June 30, 2026, Rumble held $203.3M in cash and short-term investments against $501.8M in total debt, resulting in net debt of $298.5M. Total assets stood at $2.12B, shareholders' equity was $1.34B, and the current ratio was 2.12. In FY2025, operating cash flow was -$70.4M and free cash flow was -$74.5M. Cash deployments in FY2025 included $4.1M in capital expenditures and $525.0M in share buybacks.

RUM balance sheet →

Valuation and performance

Rumble has a market capitalization of $2.28B and an enterprise value of $4.40B. The stock trades at a price-to-sales multiple of 19.3x and an EV-to-revenue ratio of 37.4x, well above the 0.8x price-to-sales median of its US-listed Communication Services peers. Rumble's price-to-book ratio is 3.1x. Over the past year, Rumble's shares dropped 24.1%, trailing the S&P 500 (SPY) return of 16.8%. Over a 5-year span, the stock fell 41.5% compared to an 83.0% gain for the index.

RUM key metrics →

What analysts expect

Wall Street coverage includes 1 Strong Buy, 1 Buy, and 1 Hold rating. The mean price target is $23.50, representing 313.0% upside compared to the October 16, 2026 close of $5.69. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $246.6M and an EPS of -$0.45. For the following fiscal year, one analyst projects revenue of $643.6M and an EPS of -$0.70. Rumble beat EPS estimates 0 times over the last 4 quarters, and its next earnings date is November 9, 2026.

RUM forecast and price target →

Key risks and what to watch

  • Ongoing negative operating cash flow, which was -$70.4M in FY2025, may deplete cash reserves of $203.3M.
  • Total debt of $501.8M creates a net debt burden of $298.5M on the balance sheet.
  • A short interest level of 19.1% of float indicates substantial negative market sentiment.
  • Insiders hold 51.8% of outstanding shares, leaving limited voting influence for retail shareholders.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this RUM AI stock analysis

This page is an AI-written research summary of Rumble Inc. (RUM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: RUM income statement, RUM balance sheet, RUM key metrics, RUM analyst forecast, RUM chart. See the RUM stock overview for the latest quote and news.

RUM AI stock analysis FAQ

Does Rumble pay a dividend?

No, Rumble does not pay a dividend. In FY2025, the company prioritized cash for capital expenditures of $4.1M and share buybacks of $525.0M.

When does Rumble report its next earnings?

Rumble's next earnings report is scheduled for November 9, 2026.

What is Rumble's debt position?

As of June 30, 2026, Rumble carried $501.8M in total debt and $203.3M in cash and short-term investments, resulting in net debt of $298.5M and a debt-to-equity ratio of 0.38.

What are analysts forecasting for Rumble's revenue?

Analysts forecast FY2026 revenue of $246.6M, followed by an estimate of $643.6M for the next fiscal year, representing expected 161.0% annual growth.

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