Rumble Inc. (RUM) - Net Assets
Based on the latest financial reports, Rumble Inc. (RUM) has net assets worth $302.23 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($367.17 Million) and total liabilities ($64.94 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check RUM cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $302.23 Million |
| % of Total Assets | 82.31% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 488.52 |
Rumble Inc. - Net Assets Trend (2019–2024)
This chart illustrates how Rumble Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Rumble Inc. for the complete picture of this company's asset base.
Annual Net Assets for Rumble Inc. (2019–2024)
The table below shows the annual net assets of Rumble Inc. from 2019 to 2024. For live valuation and market cap data, see market cap of Rumble Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-63.12 Million | -125.08% |
| 2023-12-31 | $251.62 Million | -25.91% |
| 2022-12-31 | $339.63 Million | +1018.42% |
| 2021-12-31 | $30.37 Million | +9007.07% |
| 2020-12-31 | $-340.94K | -160.90% |
| 2019-12-31 | $559.81K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rumble Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 48160355600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $768.89K | % |
| Other Components | $419.68 Million | % |
| Total Equity | $-63.12 Million | 100.00% |
Rumble Inc. Competitors by Market Cap
The table below lists competitors of Rumble Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deterra Royalties Ltd
AU:DRR
|
$1.58 Billion |
|
Jenoptik AG
F:JEN
|
$1.58 Billion |
|
Turning Point Brands Inc
NYSE:TPB
|
$1.58 Billion |
|
Fortress Income Fund Ltd
JSE:FFB
|
$1.58 Billion |
|
Taiwan Secom Co Ltd
TW:9917
|
$1.58 Billion |
|
PC Connection Inc
NASDAQ:CNXN
|
$1.58 Billion |
|
Reinsurance Group of America Inc
NYSE:RZB
|
$1.58 Billion |
|
China Merchants Property Operation & Service Co Ltd
SHE:001914
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rumble Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 251,623,148 to -63,115,402, a change of -314,738,550 (-125.1%).
- Net loss of 338,362,779 reduced equity.
- Share repurchases of 1,963,132 reduced equity.
- Other factors increased equity by 25,587,361.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-338.36 Million | -536.1% |
| Share Repurchases | $1.96 Million | -3.11% |
| Other Changes | $25.59 Million | +40.54% |
| Total Change | $- | -125.08% |
Book Value vs Market Value Analysis
This analysis compares Rumble Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.00 | $7.34 | x |
| 2020-12-31 | $-0.01 | $7.34 | x |
| 2021-12-31 | $0.18 | $7.34 | x |
| 2022-12-31 | $1.40 | $7.34 | x |
| 2023-12-31 | $1.25 | $7.34 | x |
| 2024-12-31 | $-0.31 | $7.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rumble Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -354.35%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-26.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -64.65% | -10.77% | 1.35x | 4.45x | $-417.90K |
| 2020 | 0.00% | -27.57% | 1.70x | 0.00x | $-1.22 Million |
| 2021 | -44.17% | -141.70% | 0.17x | 1.84x | $-16.45 Million |
| 2022 | -3.36% | -28.96% | 0.11x | 1.08x | $-45.37 Million |
| 2023 | -46.27% | -143.79% | 0.27x | 1.18x | $-141.58 Million |
| 2024 | 0.00% | -354.35% | 0.49x | 0.00x | $-332.05 Million |
Industry Comparison
This section compares Rumble Inc.'s net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $20,452,752,506
- Average return on equity (ROE) among peers: -43.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rumble Inc. (RUM) | $302.23 Million | -64.65% | 0.21x | $1.58 Billion |
| Calibre (ALWIN) | $16.63 Million | -38.27% | 2.23x | $11.23 Million |
| ANGI Homeservices Inc (ANGI) | $-18.49 Million | 0.00% | 0.00x | $306.40 Million |
| Arena Group Holdings Inc (AREN) | $-58.99 Million | 0.00% | 0.00x | $123.41 Million |
| Autohome Inc (ATHM) | $8.95 Billion | 13.71% | 0.05x | $2.20 Billion |
| Baidu Inc (BIDU) | $175.75 Billion | 15.69% | 0.69x | $35.02 Billion |
| Bilibili Inc (BILI) | $7.64 Billion | -16.88% | 1.03x | $7.20 Billion |
| Bumble Inc (BMBL) | $1.35 Billion | -41.29% | 0.87x | $540.03 Million |
| The Beachbody Company, Inc. (BODI) | $28.17 Million | -254.32% | 5.20x | $62.80 Million |
| Kanzhun Ltd ADR (BZ) | $10.67 Billion | -10.03% | 0.28x | $5.37 Billion |
| BuzzFeed Inc (BZFD) | $194.55 Million | -103.29% | 1.72x | $28.12 Million |
About Rumble Inc.
Rumble Inc. operates video sharing platforms and cloud services in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators. It also operates locals.com, a platform where users ca… Read more