Revenue fell 15.9% year over year to $207.1M in 2026Q3 while gross margin expanded to 73.4%, but net income has been volatile, swinging from a $499.4M loss in 2025Q4 to $27.3M profit in 2026Q3.
Bumble Inc. (BMBL) annual income statement — 8-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 |
|---|
| Sales/Revenue | 893.24M | 965.66M | 1.07B | 1.05B | 903.5M | 760.91M | 582.18M | 488.94M | 360.11M |
| Revenue Growth % | -13.33% | -9.89% | 1.88% | 16.42% | 18.74% | 30.7% | 19.07% | 35.78% | - |
| Cost of Goods Sold | 256.41M | 306.46M | 388.48M | 375.86M | 339.2M | 312.23M | 249.59M | 146.5M | 110.26M |
| COGS % of Revenue | - | 31.74% | 36.25% | 35.73% | 37.54% | 41.03% | 42.87% | 29.96% | 30.62% |
| Gross Profit | 636.83M | 659.2M | 683.16M | 675.97M | 564.3M | 448.68M | 332.59M | 342.44M | 249.85M |
| Gross Margin % | 71.29% | 68.26% | 63.75% | 64.27% | 62.46% | 58.97% | 57.13% | 70.04% | 69.38% |
| Gross Profit Growth % | - | -3.51% | 1.06% | 19.79% | 25.77% | 34.91% | -2.88% | 37.06% | - |
| Operating Expenses | 558.81M | 404.96M | 425.14M | 630.75M | 556.16M | 478.54M | 344.45M | 249.19M | 266.06M |
| OpEx % of Revenue | - | 41.94% | 39.67% | 59.97% | 61.56% | 62.89% | 59.16% | 50.96% | 73.88% |
| Selling, General & Admin | 266.24M | 303.52M | 334.46M | 500.19M | 457.59M | 372.63M | 293.37M | 209.98M | 222.59M |
| SG&A % of Revenue | - | 31.43% | 31.21% | 47.55% | 50.65% | 48.97% | 50.39% | 42.95% | 61.81% |
| Research & Development | 119.42M | 115.06M | 90.68M | 130.56M | 98.58M | 105.92M | 51.08M | 39.2M | 37.52M |
| R&D % of Revenue | - | 11.91% | 8.46% | 12.41% | 10.91% | 13.92% | 8.77% | 8.02% | 10.42% |
| Other Operating Expenses | 1000K | -13.62M | 0 | 0 | 0 | 0 | 0 | 0 | -4.43M |
| Operating Income | 78.02M | 254.24M | 258.02M | 45.21M | 8.14M | -29.86M | -11.86M | 93.25M | -16.21M |
| Operating Margin % | 8.73% | 26.33% | 24.08% | 4.3% | 0.9% | -3.92% | -2.04% | 19.07% | -4.5% |
| Operating Income Growth % | - | -1.47% | 470.68% | 455.72% | 127.25% | -151.78% | -112.72% | 675.14% | - |
| EBITDA | 95.96M | 509.09M | 600.04M | 116.76M | 102.39M | 82.63M | 79.98M | 100.94M | -10.26M |
| EBITDA Margin % | 10.74% | 52.72% | 55.99% | 11.1% | 11.33% | 10.86% | 13.74% | 20.64% | -2.85% |
| EBITDA Growth % | -69.28% | -15.16% | 413.91% | 14.04% | 23.91% | 3.32% | -20.76% | 1084.1% | - |
| D&A (Non-Cash Add-back) | 17.95M | 254.86M | 342.02M | 71.55M | 94.25M | 112.49M | 91.84M | 7.69M | 5.96M |
| EBIT | 73.55M | 254.24M | 258.02M | 45.21M | 8.14M | -29.86M | -11.86M | 93.25M | -16.21M |
| Net Interest Income | -41.96M | -42.45M | -39.95M | -21.53M | -24.06M | -24.57M | -152K | 202K | 4K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 50K | 202K | 4K |
| Interest Expense | 41.96M | 42.45M | 39.95M | 21.53M | 24.06M | 24.57M | 202K | 0 | 0 |
| Other Income/Expense | -670.62M | -1.12B | -1B | -39.91M | -118.85M | -126.24M | -122.39M | -1.27M | -4.42M |
| Pretax Income | -592.6M | -860.98M | -745.25M | 5.3M | -110.72M | -156.1M | -134.25M | 91.98M | -20.64M |
| Pretax Margin % | -66.34% | -89.16% | -69.54% | 0.5% | -12.25% | -20.51% | -23.06% | 18.81% | -5.73% |
| Income Tax | 42.17M | 34.37M | 23.13M | 7.17M | 3.41M | -437.84M | 8.49M | 6.14M | 3.03M |
| Effective Tax Rate % | -7.12% | -3.99% | -3.1% | 135.23% | -3.08% | 280.49% | -6.32% | 6.67% | -14.69% |
| Net Income | -526.92M | -693.14M | -557.01M | -4.21M | -79.75M | 309.81M | -145.47M | 66.15M | -21.52M |
| Net Margin % | -58.99% | -71.78% | -51.98% | -0.4% | -8.83% | 40.72% | -24.99% | 13.53% | -5.98% |
| Net Income Growth % | 37.96% | -24.44% | -13121.17% | 94.72% | -125.74% | 312.98% | -319.92% | 407.38% | - |
| Net Income (Continuing) | -634.77M | -895.35M | -768.37M | -1.87M | -114.12M | 281.74M | -142.74M | 85.84M | -23.67M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 100.56M | 109.51M | 524.52M | 702.26M | 825.76M | 861.57M | 808K | 6.01M | -8.32M |
| EPS (Diluted) | -4.02 | -5.95 | -4.61 | -0.03 | -0.62 | 2.40 | -1.26 | 0.57 | -0.19 |
| EPS Growth % | 47.29% | -29.07% | -14675.64% | 94.97% | -125.83% | 290.48% | -321.05% | 400% | - |
| EPS (Basic) | - | -5.95 | -4.61 | -0.03 | -0.62 | 2.40 | -1.26 | 0.57 | -0.19 |
| Diluted Shares Outstanding | 131.02M | 110.13M | 120.82M | 134.94M | 129.42M | 129.21M | 115.34M | 115.34M | 111.68M |
| Basic Shares Outstanding | 131.02M | 110.13M | 120.82M | 134.94M | 129.42M | 129.21M | 115.34M | 115.34M | 111.68M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 35.31% | - |
Quick answers to the most common questions about buying BMBL stock.
For fiscal year 2025, Bumble Inc. (BMBL) reported total revenue of $965.7M. This represents a 168.2% increase compared to $360.1M in 2018.
Bumble Inc. (BMBL) reported a net loss of $693.1M for the fiscal year ending 2025.
Bumble Inc. (BMBL) reported an operating income of $254.2M, resulting in an operating profit margin of 26.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Bumble Inc. (BMBL) generated $659.2M in gross profit for the year, representing a gross profit margin of 68.3%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Persistent revenue contraction
Metrics are mathematically derived from official filings.
Revenue Decline Not Yet Stabilized
Based on reported figures, Bumble's quarterly revenue fell from $273.6M in 2024Q3 to $207.1M in 2026Q3, with year-over-year growth still negative at -15.9%, suggesting the contraction has not yet bottomed.
The decline has persisted across nearly every quarter in the dataset, with year-over-year rates moderating only modestly from -4.4% to roughly -15%, which indicates the trend is worsening rather than stabilizing. Paying user trends are not disclosed in the provided data, so it is unclear whether the drop reflects falling payer counts, lower ARPPU, or both. Investors should monitor whether sequential revenue flattens in coming periods, as continued erosion would challenge the premise that the core app can reignite growth.
Gross Margin Resilient Despite Revenue Loss
As reported in financial statements, Bumble's gross margin expanded from 63.9% in 2024Q2 to 73.4% in 2026Q3, indicating that cost of revenue has fallen faster than sales over the period.
The margin improvement is notable given that revenue declined, which suggests app store distribution costs or other direct costs may have been reduced or mix-shifted toward higher-margin subscriptions. Gross margin alone does not reveal whether the improvement is durable, since the data does not break out platform fees versus other cost of revenue. Investors should monitor whether this gain persists if pricing pressure intensifies.
Operating Income Holds Up Relative to Sales
According to recent SEC filings, Bumble's operating margin reached 26.3% in 2026Q3 and 31.6% in 2026Q1, with SG&A running near $57M per quarter, reflecting disciplined overhead against shrinking revenue.
Operating margins have stayed in a 19% to 33% band even as revenue fell, implying that cost reductions in sales and marketing have offset topline erosion. This may indicate efficiency gains, but it could also reflect reduced user acquisition spend that might weaken future revenue. Investors should monitor whether SG&A reductions are sustainable without further damaging paying user growth.
Net Income Distorted by Non-Operating Charges
Based on EDBL's reported figures, Bumble posted a 2026Q2 net loss of $110.1M despite an operating loss of $112.0M, while 2025Q4 net loss reached $499.4M despite $56.8M operating income.
The gap between operating and net results in 2025Q4 and 2025Q2 suggests large non-operating items such as impairments or other charges that are not visible in the operating line. The provided data does not itemize these charges, so their nature cannot be confirmed and warrants further investigation through the filings. Stock-based compensation of roughly $10M per quarter is modest relative to revenue, but its effect on reported EPS should still be considered.
Margin Gains May Mask Volume Erosion
The strongest challenge is that Bumble's gross margin expansion to 73.4% may reflect shrinking user acquisition spend rather than durable efficiency, which could accelerate the revenue decline already running at -15.9% year over year.
If revenue keeps falling while margins hold, the operating profile may be sustained by under-investment in the funnel that replenishes paying users, which would compound the decline over time. The recurring net losses in several quarters also raise questions about whether reported operating strength reflects the full economic cost of the business. Investors should monitor whether sequential revenue stabilizes before treating current margins as a durable foundation.