Rumble Inc. (RUM) Financial Statements (2024 and earlier)

Company Profile

Business Address 110 EAST 59TH STREET
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments219,474338,26925
Cash and cash equivalents218,339337,16925
Short-term investments1,1351,100 
Receivables5,4404,748 
Prepaid expense 9,343482
Other undisclosed current assets13,090  
Total current assets:238,004352,360507
Noncurrent Assets
Operating lease, right-of-use asset2,4741,356 
Property, plant and equipment19,6908,844 
Intangible assets, net (including goodwill)33,9183,874 
Goodwill10,655663 
Intangible assets, net (excluding goodwill)23,2623,211 
Prepaid expense  548 
Asset, held-in-trust   300,023
Other noncurrent assets1,627 65
Total noncurrent assets:57,70914,622300,088
TOTAL ASSETS:295,713366,983300,595
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:24,71314,3251,517
Taxes payable200
Accrued liabilities 11,317
Other undisclosed accounts payable and accrued liabilities 24,71314,324 
Deferred revenue7,0041,041 
Debt 976583949
Business combination, contingent consideration, liability864  
Due to related parties 557
Other undisclosed current liabilities 1 
Total current liabilities:33,55715,9493,023
Noncurrent Liabilities
Long-term debt and lease obligation  836 
Long-term debt, excluding current maturities  836 
Liabilities, other than long-term debt1,6311,336 
Other liabilities  500 
Operating lease, liability1,631836 
Other undisclosed noncurrent liabilities8,9029,22724,407
Total noncurrent liabilities:10,53311,39824,407
Total liabilities:44,09027,34827,430
Temporary equity, carrying amount   300,000
Equity
Equity, attributable to parent, including:251,623339,635(26,836)
Common stock7697680
Additional paid in capital396,058367,649161
Accumulated deficit(145,203)(28,783)(26,997)
Other undisclosed equity, attributable to parent   1
Total equity:251,623339,635(26,836)
TOTAL LIABILITIES AND EQUITY:295,713366,983300,595

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues80,96339,384 
Cost of revenue
(Other Cost of Operating Revenue)
  (565) 
Gross profit:80,96338,819 
Operating expenses(216,510)(75,034)(2,859)
Other undisclosed operating income (loss)  565(202)
Operating loss:(135,547)(35,649)(3,060)
Nonoperating income (expense)(126) 23
Investment income, nonoperating   23
Other nonoperating expense(126)  
Other undisclosed loss from continuing operations before equity method investments, income taxes   
Loss from continuing operations before equity method investments, income taxes:(135,673)(35,649)(3,037)
Other undisclosed income from continuing operations before income taxes  24,030 
Loss from continuing operations before income taxes:(135,673)(11,619)(3,037)
Income tax benefit3,292215638
Other undisclosed income from continuing operations135,673  
Income (loss) from continuing operations:3,292(11,404)(2,399)
Loss before gain (loss) on sale of properties:(2,399)
Other undisclosed net loss   (15,509)
Net income (loss):3,292(11,404)(17,908)
Other undisclosed net loss attributable to parent(119,712)  
Net loss attributable to parent:(116,420)(11,404)(17,908)
Undistributed earnings (loss) allocated to participating securities, basic (5,942)  
Other undisclosed net income available to common stockholders, basic  347,972 
Net income (loss) available to common stockholders, diluted:(122,362)336,568(17,908)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):3,292(11,404)(17,908)
Comprehensive income (loss), net of tax, attributable to parent:3,292(11,404)(17,908)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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