Rumble Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
RUM$5.11+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
Condensed Consolidated Interim Statements of Operations
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $25,056,904 | $17,982,150 | $65,259,903 | $60,571,579 |
| Expenses | ||||
| Cost of services (content, hosting, and other) | $36,428,951 | $39,751,475 | $103,949,438 | $106,615,656 |
| General and administrative | 9,710,935 | 9,688,129 | 29,448,330 | 27,482,408 |
| Research and development | 4,650,688 | 5,111,748 | 14,497,709 | 12,078,168 |
| Sales and marketing | 3,955,552 | 3,182,903 | 13,527,043 | 10,215,780 |
| Acquisition-related transaction costs | - | 445,833 | - | 1,150,035 |
| Amortization and depreciation | 3,128,242 | 1,353,071 | 9,118,603 | 3,077,705 |
| Changes in fair value of contingent consideration | - | (1,335,177) | 1,354,357 | (1,709,173) |
| Total expenses | 57,874,368 | 58,197,982 | 171,895,480 | 158,910,579 |
| Loss from operations | (32,817,464) | (40,215,832) | (106,635,577) | (98,339,000) |
| Interest income | 1,949,898 | 3,620,882 | 6,646,015 | 10,499,232 |
| Other income (expense) | (304) | 104,339 | (73,881) | 85,939 |
| Changes in fair value of warrant liability | (756,700) | 7,485,695 | (1,480,395) | 643,195 |
| Loss before income taxes | (31,624,570) | (29,004,916) | (101,543,838) | (87,110,634) |
| Income tax benefit (expense) | 85,157 | (16,126) | (66,315) | (32,601) |
| Net loss | $(31,539,413) | $(29,021,042) | $(101,610,153) | $(87,143,235) |
| Loss per share – basic and diluted | $(0.15) | $(0.14) | $(0.50) | $(0.43) |
| Weighted average number of common shares used in computing net loss per share - basic and diluted | 204,972,162 | 201,810,477 | 203,660,885 | 201,287,948 |
| Share-based compensation expense included in expenses: | ||||
| Cost of services (content, hosting, and other) | $2,405,375 | $737,878 | $5,332,489 | $1,936,685 |
| General and administrative | 3,139,578 | 3,085,754 | 10,176,965 | 7,523,812 |
| Research and development | 361,752 | 365,026 | 1,299,092 | 730,300 |
| Sales and marketing | 251,060 | 132,493 | 669,495 | 300,240 |
| Total share-based compensation expense | $6,157,765 | $4,321,151 | $17,478,041 | $10,491,037 |
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