RUM Group
RUM on Nasdaq. Rumble sells video hosting and cloud services to creators and businesses. Market value $1.7bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-7.86 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 40 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$7.65 a share, 66% above its 1-year low
Over the past year the price has ranged from $4.62 to $10.60.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: a shortfall of $153 million in the past 12 months, a shortfall of $74 million in the year to December 2025.
| Revenue | |||||
| Revenue | $9m | $39m | $81m | $95m | $101m |
| Operating margin | |||||
| Operating margin | -111.1% | -90.4% | -167.4% | -137.0% | -125.9% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.21bn | 0.24bn | 0.20bn | 0.20bn | 0.25bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)3 of 7 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsStrong, 80.6% a year
- Buying back its own sharesNo, 20% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $40 million last quarter, up 61% on a year ago.
- A loss of $79 million, compared with a loss of $30 million a year ago.
- It loses 147 cents on each $1 of sales, compared with 115 cents a year earlier.
- Over the past 12 months it spent $153 million more cash than it brought in, compared with $63 million a year earlier.
- 9% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 2 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $25m |
| December 2024 | $30m |
| March 2025 | $24m |
| June 2025 | $25m |
| September 2025 | $25m |
| December 2025 | $27m |
| March 2026 | $25m |
| June 2026 | $40m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$32m |
| December 2024 | -$237m |
| March 2025 | -$3m |
| June 2025 | -$30m |
| September 2025 | -$16m |
| December 2025 | -$33m |
| March 2026 | -$30m |
| June 2026 | -$79m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 5 March 2026
- Next quarterly (estimated, 10-Q)
- 9 November 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 226 funds in all.
- First Manhattan Co.First Manhattan partners
- Value
- $442,513
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Manhattan Co.First Manhattan partners | $442,513 | <0.1% |
Largest holders overall
- Cantor Fitzgerald, L. P.$118mAdded
- Cooper Creek Partners Management$57mAdded
- BlackRock$55mAdded
- Vanguard Portfolio Management$26mAdded
- Vanguard Capital Management$26mAdded
- Geode Capital Management$20mAdded
- State Street$18mCut
- Goldman Sachs Group$10mCut
- Charles Schwab Investment Management$6mAdded
- Northern Trust$6mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Tether Global Investments Fund, S.I.C.A.F., S.A.at least 50.3%+1.6 pts(filed with 2 related holders)Since 2 September 2026
What they said
See the Schedule 13D, as amended, for historical information. Item 4 is amended and supplemented as follows: Pursuant to the terms of the Support Agreement, up to one year following the Support Closing TINV has agreed to sell, and the Issuer has agreed to purchase, each ND Share…
Read the filing - Christopher PavlovskiInsider or founder38.6%−5.5 ptsSince 7 February 2025
What they said
Item 4 of the Original Schedule 13D is hereby amended and supplemented to include the following: The Reporting Person (a) exchanged (on a 1-for-1 basis) 9,636,434 ExchangeCo Shares for shares of Class A Common Stock and (b) immediately sold (i) such shares of Class A Common…
Read the filing - Ryan MilnesInsider or founder6.8%0.0 ptsSince 4 March 2025
What they said
Item 4 of the Original 13D is hereby amended and supplemented to include the following: On March 4, 2025, the Reporting Person terminated the 10b5-1 trading plan entered into on November 19, 2024, as described in Amendment No. 1 to the Schedule 13D filed on November 22, 2024,…
Read the filing - The Vanguard GroupPassive investorSold down below 5%Since 31 March 2025
- Robert ArsovInsider or founderSold down below 5%Since 7 February 2025
What they said
Item 4 of the Original Schedule 13D is hereby amended and supplemented to include the following: The Reporting Person (a) exercised options for 5,012,242 shares of Class A Common Stock and (b) immediately sold (i) such shares of Class A Common Stock and (ii) an additional…
Read the filing - Brandon AlexandroffInsider or founderSold down below 5%Since 7 February 2025
What they said
Item 4 of the Original Schedule 13D is hereby amended and supplemented to include the following: The Reporting Person (a) (i) exchanged (on a 1-for-1 basis) 2,043,839 ExchangeCo Shares for shares of Class A Common Stock and (ii) exercised options for 6,828,420 shares of Class A…
Read the filing - Wojciech HlibowickiInsider or founderSold down below 5%Since 7 February 2025
What they said
Item 4 of the Original Schedule 13D is hereby amended and supplemented to include the following: The Reporting Person (a) (i) exchanged (on a 1-for-1 basis) 3,096,802 ExchangeCo Shares for shares of Class A Common Stock and (ii) exercised options for 3,817,165 shares of Class A…
Read the filing
| Holder | Stake | Since | |
|---|---|---|---|
Tether Global Investments Fund, S.I.C.A.F., S.A. | at least 50.3%+1.6 pts (filed with 2 related holders) | 2 September 2026 | What they saidSee the Schedule 13D, as amended, for historical information. Item 4 is amended and supplemented as follows: Pursuant to the terms of the Support Agreement, up to one year following the Support Closing TINV has agreed to sell, and the Issuer has agreed to purchase, each ND Share… Read the filing |
Christopher Pavlovski Insider or founder | 38.6%−5.5 pts | 7 February 2025 | What they saidItem 4 of the Original Schedule 13D is hereby amended and supplemented to include the following: The Reporting Person (a) exchanged (on a 1-for-1 basis) 9,636,434 ExchangeCo Shares for shares of Class A Common Stock and (b) immediately sold (i) such shares of Class A Common… Read the filing |
Ryan Milnes Insider or founder | 6.8%0.0 pts | 4 March 2025 | What they saidItem 4 of the Original 13D is hereby amended and supplemented to include the following: On March 4, 2025, the Reporting Person terminated the 10b5-1 trading plan entered into on November 19, 2024, as described in Amendment No. 1 to the Schedule 13D filed on November 22, 2024,… Read the filing |
The Vanguard Group Passive investor | Sold down below 5% | 31 March 2025 | |
Robert Arsov Insider or founder | Sold down below 5% | 7 February 2025 | What they saidItem 4 of the Original Schedule 13D is hereby amended and supplemented to include the following: The Reporting Person (a) exercised options for 5,012,242 shares of Class A Common Stock and (b) immediately sold (i) such shares of Class A Common Stock and (ii) an additional… Read the filing |
Brandon Alexandroff Insider or founder | Sold down below 5% | 7 February 2025 | What they saidItem 4 of the Original Schedule 13D is hereby amended and supplemented to include the following: The Reporting Person (a) (i) exchanged (on a 1-for-1 basis) 2,043,839 ExchangeCo Shares for shares of Class A Common Stock and (ii) exercised options for 6,828,420 shares of Class A… Read the filing |
Wojciech Hlibowicki Insider or founder | Sold down below 5% | 7 February 2025 | What they saidItem 4 of the Original Schedule 13D is hereby amended and supplemented to include the following: The Reporting Person (a) (i) exchanged (on a 1-for-1 basis) 3,096,802 ExchangeCo Shares for shares of Class A Common Stock and (ii) exercised options for 3,817,165 shares of Class A… Read the filing |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
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
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.