Latest Ratios: P/E Ratio -19.3x · EV/EBITDA N/A · ROE -77.3%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $1.6B | $2.7B | $904M | $1.4B | $1.9B | — | — |
| Enterprise Value | $2.5B | $1.4B | $2.5B | $689M | $1.1B | $1.8B | — | — |
| P/E Ratio → | -19.34 | — | — | — | — | — | — | — |
| P/S Ratio | 26.72 | 16.00 | 27.81 | 11.17 | 36.63 | 198.51 | — | — |
| P/B Ratio | 5.74 | 5.86 | — | 3.59 | 4.25 | 61.88 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 13.65 | 26.63 | 8.51 | 28.10 | 193.73 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.2% | 14.2% | -45.0% | -80.5% | -11.1% | 17.5% | 40.5% | 46.7% |
| Operating Margin | -76.7% | -76.7% | -137.0% | -167.4% | -90.4% | -111.1% | -27.7% | -9.9% |
| Net Profit Margin | -81.3% | -81.3% | -354.4% | -143.8% | -29.0% | -141.7% | -27.6% | -10.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -77.3% | -77.3% | -359.0% | -39.4% | -6.2% | -89.3% | -1148.3% | -64.7% |
| ROA | -30.8% | -30.8% | -137.8% | -35.1% | -5.4% | -45.9% | -48.6% | -14.5% |
| ROIC | -148.9% | -148.9% | — | -511.2% | -687.3% | — | — | — |
| ROCE | -57.1% | -57.1% | -108.7% | -44.2% | -17.8% | -43.5% | -511.6% | -41.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | — | 0.01 | 0.00 | 0.05 | — | 0.19 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.86 | — | -0.86 | -0.99 | -1.49 | — | -3.19 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | -1.67 |
| Interest Coverage | — | — | — | — | -30.90 | -3.63 | — | — |
Net cash position: cash ($238M) exceeds total debt ($2M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.84 | 5.84 | 0.63 | 7.09 | 22.09 | 6.80 | 0.84 | 1.39 |
| Quick Ratio | 5.84 | 5.84 | 0.63 | 7.09 | 22.09 | 6.80 | 0.84 | 1.41 |
| Cash Ratio | 5.26 | 5.26 | 0.53 | 6.54 | 21.21 | 6.51 | 0.48 | 1.12 |
| Asset Turnover | — | 0.30 | 0.49 | 0.27 | 0.11 | 0.17 | 1.70 | 1.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 43.02 | 37.38 | 24.53 | 44.00 | 51.85 | 84.24 | 42.48 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 19.5% | 32.6% | 0.1% | 0.0% | 0.8% | 0.0% | — | — |
| Total Shareholder Yield | 19.5% | 32.6% | 0.1% | 0.0% | 0.8% | 0.0% | — | — |
| Shares Outstanding | — | $255M | $204M | $201M | $242M | $174M | $43M | $280M |
High cash burn rate
Based on reported figures, Rumble trades at a 27.29x price-to-sales multiple, which appears disconnected from its 5.38% revenue growth and negative margins, suggesting the market is pricing the equity as a speculative call option on alternative media rather than a traditional software-as-a-service business model.
The current valuation multiple significantly exceeds that of more mature, profitable peers, implying that investors are assigning a high premium to the company's independent infrastructure narrative. This valuation warrants caution, as the lack of a positive P/E or EV/EBITDA ratio makes it difficult to justify the current market capitalization without assuming a radical, unproven shift in long-term monetization efficiency.
According to recent quarterly filings, Rumble's ROIC has remained consistently negative, bottoming out at -63.5% in 2026Q1, which indicates that the company's heavy investments in proprietary data centers and creator acquisition are currently failing to generate any meaningful economic value for shareholders.
The persistent decay in return on invested capital suggests that the company's strategy of building an independent infrastructure stack is capital-intensive and currently value-destructive. Investors should monitor whether the newly launched Rumble Cloud can eventually improve these returns, as the current trajectory indicates that capital is being consumed faster than it can be compounded.
As reported in financial statements, Rumble's asset turnover ratio has stagnated at approximately 0.08x over recent quarters, reflecting a structural inability to generate significant revenue volume from its existing asset base compared to the broader technology sector's more efficient utilization of capital.
The company's cash conversion cycle is obscured by inconsistent reporting, but the low asset turnover suggests that the infrastructure-heavy model is not yet achieving the scale required for operational efficiency. This lack of asset velocity implies that the company may need to significantly increase its user base or ad-fill rates to justify the ongoing maintenance costs of its proprietary server network.
Analysts frequently misapply standard revenue growth metrics to Rumble, which obscures the reality that much of the company's top-line expansion is currently driven by high-cost creator incentives rather than organic, high-margin platform engagement, as evidenced by the persistent negative gross margins reported in recent filings.
Investors should prioritize 'Contribution Margin' or 'Net Revenue per User' over headline revenue growth, as these metrics better account for the significant content acquisition costs that currently suppress profitability. Relying on top-line growth alone ignores the potential for churn among high-profile creators if the company reduces its guaranteed payment structure to improve unit economics.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying RUM stock.
Rumble Inc.'s current P/E ratio is -19.3x. This places it at the 50th percentile of its historical range.
Rumble Inc.'s return on equity (ROE) is -77.3%. The historical average is -106.0%.
Based on historical data, Rumble Inc. is trading at a P/E of -19.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rumble Inc. has 14.2% gross margin and -76.7% operating margin.