Bumble
BMBL on Nasdaq. Bumble sells dating and friendship app subscriptions to people seeking connections. Market value $479m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Recent profit includes a big one-time charge, so we price the company excluding that charge.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
You pay 2.5 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns -6 cents a year. Above 10 is good.
Quality score: 49 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.
$2.51 a share, at its 1-year low
Over the past year the price has ranged from $2.49 to $5.97.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $761m | $904m | $1.1bn | $1.1bn | $966m |
| Operating margin | |||||
| Operating margin | -17.7% | -11.4% | 5.1% | -65.4% | -83.4% |
| Debt to equity | |||||
| Debt to equity | 0.40 | 0.39 | 0.38 | 0.75 | 1.04 |
| Shares outstanding | |||||
| Shares outstanding | 0.19bn | 0.13bn | 0.13bn | 0.12bn | 0.11bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)4 of 8 checks we could run
- Profit backed by cash (accruals)No
- Debt1.04× equity
- Revenue growth, five yearsSlow, 6.1% a year
- Buying back its own sharesYes, 43% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $211 million last quarter, down 15% on a year ago.
- A loss of $110 million, compared with a loss of $254 million a year ago.
- It loses 63 cents on each $1 of sales, compared with 106 cents a year earlier.
- 27% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $321 million more than cash, down from $353 million a year ago.
- Sales did not grow on a year ago in any of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $274m |
| December 2024 | $262m |
| March 2025 | $247m |
| June 2025 | $248m |
| September 2025 | $246m |
| December 2025 | $224m |
| March 2026 | $212m |
| June 2026 | $211m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$613m |
| December 2024 | $4m |
| March 2025 | $13m |
| June 2025 | -$254m |
| September 2025 | $37m |
| December 2025 | -$490m |
| March 2026 | $45m |
| June 2026 | -$110m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 16 March 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 192 funds in all.
- Royce & AssociatesChuck Royce
- Value
- $104,854
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $104,854 | <0.1% | |
| Gotham Asset ManagementJoel Greenblatt | $39,926 | <0.1% | Cut |
Largest holders overall
- Blackstone$72mCut
- BlackRock$26mAdded
- Vanguard Portfolio Management$20mAdded
- Saba Capital Management, L.P.$18mAdded
- Accel Growth Fund V Associates L.L.C.$16m
- Dimensional Fund Advisors LP$15mAdded
- Vanguard Capital Management$13mAdded
- Renaissance Technologies$12mCut
- Bank of America$9mAdded
- AQR Capital Management$9mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Whitney Wolfe HerdInsider or founderat least 14.6%−1.7 pts(filed with 2 related holders)Since 5 November 2025
What they said
Item 4 of the Schedule 13D is hereby amended and supplemented with the following: On November 5, 2025, Beehive Holdings II, LP and Beehive Holdings III, LP entered into Amendment No. 1 (the "TRA Amendment") to the Tax Receivable Agreement with the Issuer and certain other…
Read the filing - Blackstone Inc.at least 14.1%−3.1 pts(filed with 44 related holders)Since 29 September 2026
What they said
Item 4 of the Schedule 13D is hereby amended and supplemented by the following: On September 28, 2026, the hedging period related to the third quarterly calculation period for the Forward Transactions ended, and the sales price for such quarterly calculation period was…
Read the filing - BlackRock, Inc.Passive investor6.2%+1.4 ptsSince 30 June 2026
- Saba Capital Management, L.P.Passive investorat least 4.3%−1.0 pts(filed with 2 related holders)Since 12 March 2026
- Ameriprise Financial, Inc.Passive investorSold down below 5%Since 31 March 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Whitney Wolfe Herd Insider or founder | at least 14.6%−1.7 pts (filed with 2 related holders) | 5 November 2025 | What they saidItem 4 of the Schedule 13D is hereby amended and supplemented with the following: On November 5, 2025, Beehive Holdings II, LP and Beehive Holdings III, LP entered into Amendment No. 1 (the "TRA Amendment") to the Tax Receivable Agreement with the Issuer and certain other… Read the filing |
Blackstone Inc. | at least 14.1%−3.1 pts (filed with 44 related holders) | 29 September 2026 | What they saidItem 4 of the Schedule 13D is hereby amended and supplemented by the following: On September 28, 2026, the hedging period related to the third quarterly calculation period for the Forward Transactions ended, and the sales price for such quarterly calculation period was… Read the filing |
BlackRock, Inc. Passive investor | 6.2%+1.4 pts | 30 June 2026 | |
Saba Capital Management, L.P. Passive investor | at least 4.3%−1.0 pts (filed with 2 related holders) | 12 March 2026 | |
Ameriprise Financial, Inc. Passive investor | Sold down below 5% | 31 March 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 2 sold $122,833, $122,833 of it under preset trading plans.
- Hsiao Sissie L.DirectorSoldunder a preset trading plan
- Date
- 9 June 2026
- Shares
- 22,013
- Price
- $2.79
- Value
- $61,416
- MATHER ANNDirectorSoldunder a preset trading plan
- Date
- 9 June 2026
- Shares
- 22,013
- Price
- $2.79
- Value
- $61,416
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 9 June 2026 | Hsiao Sissie L. Director | Sold under a preset trading plan | 22,013 | $2.79 | $61,416 |
| 9 June 2026 | MATHER ANN Director | Sold under a preset trading plan | 22,013 | $2.79 | $61,416 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 16 Mar 2026, plus the 10-Q filed 6 Aug 2026 and 5 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
A big holder just moved. The deep dive shows what the business is worth.
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.