Revenue: As of FY2026 Q1, the actual value is USD 25.46 M.EPS: As of FY2026 Q1, the actual value is USD -0.12.EBIT: As of FY2026 Q1, the actual value is USD -40.98 M.Rumble Inc. operates as a single operating segment, with its financial information reviewed on a consolidated basis .<h4>Revenue</h4>Total Revenue for the three months ended March 31, 2026, increased by $1,753,006, or 7%, to $25,459,796 compared to $23,706,790 in the same period of 2025 . Audience Monetization revenues rose by $2.6 million, driven by a $1.2 million increase in subscription revenue, $1.1 million from advertising revenue, and $0.3 million from licensing and tipping fees . Conversely, Other Initiatives revenues decreased by -$0.8 million, primarily due to a -$1.0 million reduction in advertising inventory monetized by the publisher network, partially offset by a $0.2 million increase in cloud services .<h4>Expenses</h4>Total Expenses for the three months ended March 31, 2026, increased by $4,466,559, or 7%, to $64,556,618 compared to $60,090,059 in the same period of 2025 . Cost of services (content, hosting and other) decreased by -$3,038,991, or -10%, to $26,997,183 from $30,036,174, mainly due to a -$2.3 million decrease in programming and content costs and a -$0.7 million decrease in other cost of services . General and administrative expenses decreased by -$6,237,163, or -37%, to $10,396,560 from $16,633,723, driven by a -$6.7 million reduction in payroll and related expenses and a -$0.4 million reduction in professional fees, partially offset by a $0.9 million increase in other administrative expenses . Research and development expenses increased by $950,803, or 20%, to $5,739,914 from $4,789,111, due to a $0.6 million increase in payroll and related expenses and a $0.4 million increase in costs for computer software, hardware, and other R&amp;D expenditures . Sales and marketing expenses increased by $4,893,555, or 134%, to $8,532,481 from $3,638,926, primarily due to a $3.8 million increase in marketing and public relations spend, a $0.8 million increase in payroll, and a $0.3 million increase in consulting costs . Acquisition-related transaction costs increased by $4,847,007 to $4,847,007, with no comparable costs in the prior period . Amortization and depreciation increased by $685,161, or 21%, to $3,977,870 from $3,292,709, due to a $0.6 million increase from depreciation on property and equipment and a $0.1 million increase from intangible assets amortization . Change in fair value of digital assets expense increased by $2,366,187, or 139%, to $4,065,603 from $1,699,416 .<h4>Profitability</h4>Loss from operations widened by -$2,713,553, or 7%, to -$39,096,822 from -$36,383,269 . Net loss increased significantly by -$27,620,177, or 1,042%, to -$30,270,370 from -$2,650,193 .<h4>Other Income and Expense</h4>Interest income decreased by -$298,843, or -14%, to $1,885,443 from $2,184,286 . Other expense increased by $11,782, or 48%, to -$36,386 from -$24,604 . A gain of $7,000,386 from the change in fair value of warrant liability was recorded in Q1 2026, representing a -$14,904,318 decrease compared to a gain of $21,904,704 in Q1 2025 . The change in fair value of derivative decreased by -$9,700,000 to $0 in Q1 2026, from a gain of $9,700,000 in Q1 2025 .<h4>Cash Flow</h4>Net cash used in operating activities was -$16,607,630 for the three months ended March 31, 2026, compared to -$14,492,109 in the same period of 2025 . Net cash used in investing activities was -$2,269,784 for the three months ended March 31, 2026, a decrease from -$19,846,379 in the same period of 2025, primarily due to reduced digital asset purchases offset by increased purchases of property, equipment, and intangible assets . Net cash provided by financing activities was $463 for the three months ended March 31, 2026, a significant decrease from $221,607,754 in the prior year due to the absence of large financing transactions like the Class A Common Stock issuance and share repurchase related to the Tether strategic investment .<h4>Balance Sheet Highlights</h4>As of March 31, 2026, cash and cash equivalents stood at $219.0 million . Digital asset holdings were valued at $14.4 million (210.82 bitcoin) . Accounts payable and accrued liabilities increased to $34,966,930 from $27,875,120 as of December 31, 2025 . Deferred revenue was $15,607,922 compared to $16,105,587 as of December 31, 2025 . Warrant liability decreased to $8,608,941 from $15,609,327 as of December 31, 2025 .<h4>Key Business Metrics</h4>Monthly Active Users (MAUs) (GA4) averaged 56 million in Q1 2026, an 8% increase from Q4 2025, driven by investment in Rumble Shorts and international expansion . Average Revenue Per User (ARPU) was $0.40 in Q1 2026, a -13% decrease from Q4 2025, reflecting MAU growth outpacing revenue, partly due to unmonetized MAU growth from Rumble Shorts .<h4>Future Outlook and Strategy</h4>Rumble Inc. launched an exchange offer to acquire Northern Data AG on April 13, 2026, with the business combination expected to close in Q2 2026, subject to conditions and regulatory approvals . This acquisition is tied to an initial commitment from Tether to purchase up to $150 million of GPU services over two years, contingent on the closing of the Northern Data acquisition . Additionally, a $100 million advertising commitment from Tether ($50 million per year for two years) began in 2026, which is not contingent on the acquisition . The company plans continued investment in growth, anticipating that all expense categories will increase in absolute dollar amounts for the foreseeable future . Rumble also maintains a corporate treasury diversification strategy that includes allocating a portion of excess cash reserves to bitcoin .

RUMBLE INC C/WTS 16/09/2027 (TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 25.46 M