Rumble Inc
For the period ended Dec 31, 2023. Filed Mar 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 27, 2024
RUM$5.08+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
Rumble Inc.
Consolidated Statements of Operations
(Expressed in U.S. Dollars)
| For the year ended December 31, | 2023 | 2022 |
|---|---|---|
| Revenues | $80,963,451 | $39,384,284 |
| Expenses | ||
| Cost of services (content, hosting and other) | $146,156,734 | $43,745,518 |
| General and administrative | 37,125,296 | 16,086,254 |
| Research and development | 15,721,663 | 6,342,851 |
| Sales and marketing | 13,427,021 | 6,137,860 |
| Acquisition-related transaction costs | 1,151,318 | 1,116,056 |
| Amortization and depreciation | 4,850,812 | 1,556,056 |
| Changes in fair value of contingent consideration | (1,922,381) | - |
| Total expenses | 216,510,463 | 74,984,595 |
| Loss from operations | (135,547,012) | (35,600,311) |
| Interest income | 13,594,463 | 3,019,456 |
| Other income (expense) | (125,511) | (49,067) |
| Changes in fair value of warrant liability | 2,365,895 | 21,010,500 |
| Loss before income taxes | (119,712,165) | (11,619,422) |
| Income tax recovery | - | 215,428 |
| Deferred tax recovery | 3,291,703 | - |
| Net loss | $(116,420,462) | $(11,403,994) |
| Loss per share – basic and diluted | $(0.58) | $(0.05) |
| Weighted-average number of common shares used in computing net loss per share - basic and diluted | 201,442,321 | 242,443,272 |
| Share-based compensation expense included in expenses: | ||
| Cost of services (content, hosting, and other) | $3,994,180 | $249,781 |
| General and administrative | 10,686,099 | 1,582,678 |
| Research and development | 1,016,627 | 55,479 |
| Sales and marketing | 437,808 | 45,465 |
| Total share-based compensation expense | 16,134,714 | 1,933,403 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.