Rumble Inc.
Rumble Inc. (RUMBW) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for Rumble Inc. (RUMBW), featuring income statements, balance sheets, and cash flow data.
Rumble Inc. (RUMBW) Income Statement & Financial Overview
Explore comprehensive income reports for Rumble Inc. RUMBW, broken down by year and quarter.
| Metric | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| Revenue | $25.06M | $22.47M | $17.73M | $20.39M |
| Cost of Revenue | $36.43M | $35.69M | $31.83M | $41.31M |
| Gross Profit | -$11.37M | -$13.22M | -$14.09M | -$20.92M |
| Gross Profit Ratio | -$0.45 | -$0.59 | -$0.79 | -$1.03 |
| R&D Expenses | $4.65M | $5.32M | $4.53M | $3.64M |
| SG&A Expenses | $13.67M | $16.69M | $12.62M | $12.85M |
| Operating Expenses | $21.45M | $22.009M | $19.57M | $16.50M |
| Total Costs & Expenses | $57.87M | $61.27M | $51.40M | $57.81M |
| Interest Income | $1.95M | $2.17M | $2.52M | $5.02M |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $3.13M | $3.83M | $2.70M | $2.08M |
| EBITDA | -$29.69M | -$35.23M | -$31.24M | -$35.65M |
| EBITDA Ratio | -$1.18 | -$1.57 | -$1.07 | -$1.73 |
| Operating Income | -$32.82M | -$38.81M | -$35.005M | -$37.42M |
| Operating Income Ratio | -$1.31 | -$1.73 | -$1.97 | -$1.84 |
| Other Income/Expenses (Net) | $1.19M | $12.18M | -$8.29M | $4.61M |
| Income Before Tax | -$31.62M | -$26.63M | -$43.29M | -$32.60M |
| Income Before Tax Ratio | -$1.26 | -$1.19 | -$2.44 | -$1.60 |
| Income Tax Expense | -$85157.00 | $151625.00 | -$153.00 | -$3.32M |
| Net Income | -$31.54M | -$26.78M | -$43.29M | -$29.28M |
| Net Income Ratio | -$1.26 | -$1.19 | -$2.44 | -$1.44 |
| EPS | -$0.15 | -$0.13 | -$0.21 | -$0.15 |
| Diluted EPS | -$0.15 | -$0.13 | -$0.21 | -$0.15 |
| Weighted Avg Shares Outstanding | $204.97M | $204.09M | $201.90M | $201.90M |
| Weighted Avg Shares Outstanding (Diluted) | $204.97M | $204.09M | $201.90M | $201.90M |
Over the last four quarters, Rumble Inc. achieved steady financial progress, growing revenue from $20.39M in Q4 2023 to $25.06M in Q3 2024. Gross profit stayed firm with margins at -45% in Q3 2024 versus -103% in Q4 2023. Operating income totaled -$32.82M in Q3 2024, maintaining a -131% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at -$29.69M. Net income dropped to -$31.54M, with EPS at -$0.15. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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