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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments219,474267,019296,663326,305338,269356,680
Cash and cash equivalents218,339265,884295,563325,205337,169356,680
Short-term investments1,1351,1351,1001,1001,100 
Receivables5,44016,8595,5124,7487,860
Prepaid expense 13,18515,6526,9979,3433,438
Other undisclosed current assets13,0906,152    
Total current assets:238,004286,358319,174338,813352,360367,978
Noncurrent Assets
Operating lease, right-of-use asset2,4741,8441,0211,1671,3561,501
Property, plant and equipment19,69017,878  8,844 
Intangible assets, net (including goodwill)33,91823,46223,3253,8683,8743,606
Goodwill10,65512,64812,504663663663
Intangible assets, net (excluding goodwill)23,26210,81410,8203,2053,2112,943
Prepaid expense  1,8591,121620548 
Other noncurrent assets1,627     
Other undisclosed noncurrent assets   15,34810,155 6,535
Total noncurrent assets:57,70945,04440,81515,81014,62211,642
TOTAL ASSETS:295,713331,402359,989354,623366,983379,620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:24,71333,51426,51317,58814,32512,479
Accrued liabilities   11 
Other undisclosed accounts payable and accrued liabilities 24,71333,51426,51317,58714,32412,479
Deferred revenue7,0047,4888,5273,6361,041369
Debt 976671 485583579
Derivative instruments and hedges, liabilities  1,6291,629   
Business combination, contingent consideration, liability8649811,716   
Other undisclosed current liabilities  40911257
Total current liabilities:33,55744,28338,79521,71015,94913,684
Noncurrent Liabilities
Long-term debt and lease obligation  8021,4027438361,970
Long-term debt, excluding current maturities  8021,402743836985
Liabilities, other than long-term debt1,6311,2516721,2431,336500
Other liabilities    500500500
Operating lease, liability1,6311,251672743836985
Other undisclosed noncurrent liabilities8,9029,91917,40517,6519,22724,372
Total noncurrent liabilities:10,53311,97219,47919,63711,39826,843
Total liabilities:44,09056,25558,27441,34727,34840,527
Equity
Equity, attributable to parent251,623275,147301,716313,276339,635339,094
Common stock769769769768768768
Additional paid in capital396,058390,305387,852369,958367,649366,163
Accumulated deficit(145,203)(115,926)(86,905)(57,451)(28,783)(27,838)
Total equity:251,623275,147301,716313,276339,635339,094
TOTAL LIABILITIES AND EQUITY:295,713331,402359,989354,623366,983379,620

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues20,39217,98224,97417,61519,95710,983
Cost of revenue    (26,014)14,107(7,490)
Gross profit:20,39217,98224,974(8,399)34,0643,493
Operating expenses(57,600)(58,198)(59,849)(10,198)(53,890)(11,281)
Other operating expense, net
(Other Expenses)
      (92)
Other undisclosed operating income (loss)    (5,048)56592
Operating loss:(37,208)(40,216)(34,875)(23,644)(19,261)(7,788)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
  3   
Interest and debt expense      (10)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (126)   28 
Loss from continuing operations before equity method investments, income taxes:(37,334)(40,216)(34,871)(23,644)(19,233)(7,798)
Other undisclosed income (loss) from continuing operations before income taxes    (5,024)18,0545,936
Loss from continuing operations before income taxes:(37,334)(40,216)(34,871)(28,668)(1,179)(1,862)
Income tax expense (benefit) 3,324(16)(16) 2344
Other undisclosed income from continuing operations135,673     
Income (loss) from continuing operations:101,663(40,232)(34,888)(28,668)(945)(1,858)
Loss before gain (loss) on sale of properties:(1,858)
Net income (loss):101,663(40,232)(34,888)(28,668)(945)(1,858)
Other undisclosed net income (loss) attributable to parent(130,941)11,2115,434 (20,919) 
Net loss attributable to parent:(29,277)(29,021)(29,454)(28,668)(21,863)(1,858)
Other undisclosed net income available to common stockholders, basic     21,863 
Net loss available to common stockholders, diluted:(29,277)(29,021)(29,454)(28,668) (1,858)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):101,663(40,232)(34,888)(28,668)(945)(1,858)
Comprehensive income (loss), net of tax, attributable to parent:101,663(40,232)(34,888)(28,668)(945)(1,858)

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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