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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and Rumble Inc. (RUM). Click either name above to swap in a different company.
Rumble Inc. is the larger business by last-quarter revenue ($27.1M vs $25.9M, roughly 1.0× NaaS Technology Inc.). Rumble Inc. runs the higher net margin — -120.8% vs -193.3%, a 72.5% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs -10.5%).
NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.
Rumble is a Canadian-American online video platform, web hosting, and cloud services business headquartered in Toronto, Canada, with its U.S. headquarters in Longboat Key, Florida. It was founded in 2013 by Chris Pavlovski, a Canadian technology entrepreneur. Rumble's cloud services business hosts Truth Social, and the video platform is popular among American conservative and far-right users. Rumble has been described as "alt-tech".
NAAS vs RUM — Head-to-Head
Income Statement — Q2 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.9M | $27.1M |
| Net Profit | $-50.0M | $-32.7M |
| Gross Margin | 29.2% | 5.5% |
| Operating Margin | -144.2% | -131.1% |
| Net Margin | -193.3% | -120.8% |
| Revenue YoY | 121.2% | -10.5% |
| Net Profit YoY | 18.4% | 86.2% |
| EPS (diluted) | $-0.02 | $-0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $27.1M | ||
| Q3 25 | — | $24.8M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $30.2M | ||
| Q3 24 | — | $25.1M | ||
| Q2 24 | $25.9M | $22.5M | ||
| Q1 24 | — | $17.7M | ||
| Q4 23 | — | $20.4M |
| Q4 25 | — | $-32.7M | ||
| Q3 25 | — | $-16.3M | ||
| Q1 25 | — | $-2.7M | ||
| Q4 24 | — | $-236.8M | ||
| Q3 24 | — | $-31.5M | ||
| Q2 24 | $-50.0M | $-26.8M | ||
| Q1 24 | — | $-43.3M | ||
| Q4 23 | — | $-29.3M |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -1.8% | ||
| Q1 25 | — | -26.7% | ||
| Q4 24 | — | -14.2% | ||
| Q3 24 | — | -45.4% | ||
| Q2 24 | 29.2% | -58.8% | ||
| Q1 24 | — | -79.5% | ||
| Q4 23 | — | — |
| Q4 25 | — | -131.1% | ||
| Q3 25 | — | -113.6% | ||
| Q1 25 | — | -153.5% | ||
| Q4 24 | — | -80.1% | ||
| Q3 24 | — | -131.0% | ||
| Q2 24 | -144.2% | -172.7% | ||
| Q1 24 | — | -197.4% | ||
| Q4 23 | — | -182.5% |
| Q4 25 | — | -120.8% | ||
| Q3 25 | — | -65.7% | ||
| Q1 25 | — | -11.2% | ||
| Q4 24 | — | -783.2% | ||
| Q3 24 | — | -125.9% | ||
| Q2 24 | -193.3% | -119.2% | ||
| Q1 24 | — | -244.1% | ||
| Q4 23 | — | -143.6% |
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $-1.17 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | $-0.02 | $-0.13 | ||
| Q1 24 | — | $-0.21 | ||
| Q4 23 | — | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.7M | $237.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-33.4M | $274.8M |
| Total Assets | $180.2M | $336.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $237.9M | ||
| Q3 25 | — | $269.8M | ||
| Q1 25 | — | $301.3M | ||
| Q4 24 | — | $114.0M | ||
| Q3 24 | — | $132.0M | ||
| Q2 24 | $24.7M | $154.2M | ||
| Q1 24 | — | $183.8M | ||
| Q4 23 | — | $219.5M |
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | $302.2M | ||
| Q1 25 | — | $339.6M | ||
| Q4 24 | — | $-63.1M | ||
| Q3 24 | — | $166.1M | ||
| Q2 24 | $-33.4M | $192.7M | ||
| Q1 24 | — | $210.7M | ||
| Q4 23 | — | $251.6M |
| Q4 25 | — | $336.8M | ||
| Q3 25 | — | $367.2M | ||
| Q1 25 | — | $391.1M | ||
| Q4 24 | — | $195.3M | ||
| Q3 24 | — | $217.2M | ||
| Q2 24 | $180.2M | $243.2M | ||
| Q1 24 | — | $263.0M | ||
| Q4 23 | — | $295.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-25.7M | $-29.4M |
| Free Cash FlowOCF − Capex | — | $-31.7M |
| FCF MarginFCF / Revenue | — | -117.2% |
| Capex IntensityCapex / Revenue | — | 8.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-70.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-29.4M | ||
| Q3 25 | — | $-10.6M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.1M | ||
| Q2 24 | $-25.7M | $-21.7M | ||
| Q1 24 | — | $-33.9M | ||
| Q4 23 | — | $-33.1M |
| Q4 25 | — | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.9M | ||
| Q2 24 | — | $-23.1M | ||
| Q1 24 | — | $-34.3M | ||
| Q4 23 | — | $-36.6M |
| Q4 25 | — | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | — | -79.5% | ||
| Q2 24 | — | -102.8% | ||
| Q1 24 | — | -193.3% | ||
| Q4 23 | — | -179.7% |
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 5.7% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 2.4% | ||
| Q4 23 | — | 17.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NAAS
Segment breakdown not available.
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
