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Side-by-side financial comparison of Rumble Inc. (RUM) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Rumble Inc. is the larger business by last-quarter revenue ($27.1M vs $15.8M, roughly 1.7× Spire Global, Inc.). Rumble Inc. runs the higher net margin — -120.8% vs -176.6%, a 55.9% gap on every dollar of revenue. On growth, Rumble Inc. posted the faster year-over-year revenue change (-10.5% vs -26.9%). Spire Global, Inc. produced more free cash flow last quarter ($-16.2M vs $-31.7M). Over the past eight quarters, Rumble Inc.'s revenue compounded faster (15.2% CAGR vs -32.6%).
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".
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
RUM vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $27.1M | $15.8M |
| Net Profit | $-32.7M | $-28.0M |
| Gross Margin | 5.5% | 40.2% |
| Operating Margin | -131.1% | -164.1% |
| Net Margin | -120.8% | -176.6% |
| Revenue YoY | -10.5% | -26.9% |
| Net Profit YoY | 86.2% | 42.7% |
| EPS (diluted) | $-0.13 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $24.8M | $12.7M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | $23.7M | $23.9M | ||
| Q4 24 | $30.2M | $21.7M | ||
| Q3 24 | $25.1M | $28.6M | ||
| Q2 24 | $22.5M | $25.4M | ||
| Q1 24 | $17.7M | $34.8M |
| Q4 25 | $-32.7M | $-28.0M | ||
| Q3 25 | $-16.3M | $-19.7M | ||
| Q2 25 | — | $119.6M | ||
| Q1 25 | $-2.7M | $-20.7M | ||
| Q4 24 | $-236.8M | $-48.8M | ||
| Q3 24 | $-31.5M | $-12.5M | ||
| Q2 24 | $-26.8M | $-16.6M | ||
| Q1 24 | $-43.3M | $-25.5M |
| Q4 25 | 5.5% | 40.2% | ||
| Q3 25 | -1.8% | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | -26.7% | 36.8% | ||
| Q4 24 | -14.2% | 32.4% | ||
| Q3 24 | -45.4% | 44.5% | ||
| Q2 24 | -58.8% | 43.0% | ||
| Q1 24 | -79.5% | 26.5% |
| Q4 25 | -131.1% | -164.1% | ||
| Q3 25 | -113.6% | -166.1% | ||
| Q2 25 | — | -122.7% | ||
| Q1 25 | -153.5% | -106.5% | ||
| Q4 24 | -80.1% | -144.1% | ||
| Q3 24 | -131.0% | -48.0% | ||
| Q2 24 | -172.7% | -48.6% | ||
| Q1 24 | -197.4% | -34.4% |
| Q4 25 | -120.8% | -176.6% | ||
| Q3 25 | -65.7% | -155.3% | ||
| Q2 25 | — | 623.4% | ||
| Q1 25 | -11.2% | -86.5% | ||
| Q4 24 | -783.2% | -225.2% | ||
| Q3 24 | -125.9% | -43.7% | ||
| Q2 24 | -119.2% | -65.2% | ||
| Q1 24 | -244.1% | -73.3% |
| Q4 25 | $-0.13 | $-0.85 | ||
| Q3 25 | $-0.06 | $-0.61 | ||
| Q2 25 | — | $3.72 | ||
| Q1 25 | $-0.01 | $-0.77 | ||
| Q4 24 | $-1.17 | $-1.93 | ||
| Q3 24 | $-0.15 | $-0.50 | ||
| Q2 24 | $-0.13 | $-0.68 | ||
| Q1 24 | $-0.21 | $-1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $237.9M | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $274.8M | $112.9M |
| Total Assets | $336.8M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $237.9M | $81.8M | ||
| Q3 25 | $269.8M | $96.8M | ||
| Q2 25 | — | $117.6M | ||
| Q1 25 | $301.3M | $35.9M | ||
| Q4 24 | $114.0M | $19.2M | ||
| Q3 24 | $132.0M | $36.6M | ||
| Q2 24 | $154.2M | $45.8M | ||
| Q1 24 | $183.8M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $274.8M | $112.9M | ||
| Q3 25 | $302.2M | $133.1M | ||
| Q2 25 | — | $149.2M | ||
| Q1 25 | $339.6M | $3.7M | ||
| Q4 24 | $-63.1M | $-11.7M | ||
| Q3 24 | $166.1M | $30.8M | ||
| Q2 24 | $192.7M | $40.3M | ||
| Q1 24 | $210.7M | $52.5M |
| Q4 25 | $336.8M | $211.0M | ||
| Q3 25 | $367.2M | $224.3M | ||
| Q2 25 | — | $239.5M | ||
| Q1 25 | $391.1M | $208.8M | ||
| Q4 24 | $195.3M | $193.6M | ||
| Q3 24 | $217.2M | $224.2M | ||
| Q2 24 | $243.2M | $230.8M | ||
| Q1 24 | $263.0M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-29.4M | $-4.3M |
| Free Cash FlowOCF − Capex | $-31.7M | $-16.2M |
| FCF MarginFCF / Revenue | -117.2% | -102.1% |
| Capex IntensityCapex / Revenue | 8.5% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-70.8M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-29.4M | $-4.3M | ||
| Q3 25 | $-10.6M | $-12.0M | ||
| Q2 25 | — | $-35.1M | ||
| Q1 25 | $-14.5M | $-8.4M | ||
| Q4 24 | $-12.4M | $-19.2M | ||
| Q3 24 | $-19.1M | $14.0M | ||
| Q2 24 | $-21.7M | $-4.4M | ||
| Q1 24 | $-33.9M | $-8.8M |
| Q4 25 | $-31.7M | $-16.2M | ||
| Q3 25 | $-12.0M | $-20.4M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | $-14.6M | $-17.3M | ||
| Q4 24 | $-12.4M | $-24.3M | ||
| Q3 24 | $-19.9M | $5.1M | ||
| Q2 24 | $-23.1M | $-9.9M | ||
| Q1 24 | $-34.3M | $-15.9M |
| Q4 25 | -117.2% | -102.1% | ||
| Q3 25 | -48.6% | -161.3% | ||
| Q2 25 | — | -201.7% | ||
| Q1 25 | -61.7% | -72.6% | ||
| Q4 24 | -40.9% | -112.2% | ||
| Q3 24 | -79.5% | 17.8% | ||
| Q2 24 | -102.8% | -39.0% | ||
| Q1 24 | -193.3% | -45.7% |
| Q4 25 | 8.5% | 75.1% | ||
| Q3 25 | 5.7% | 66.2% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | 0.6% | 37.3% | ||
| Q4 24 | 0.1% | 23.5% | ||
| Q3 24 | 3.4% | 31.2% | ||
| Q2 24 | 6.1% | 21.8% | ||
| Q1 24 | 2.4% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
SPIR
Segment breakdown not available.
