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Side-by-side financial comparison of Rumble Inc. (RUM) and Valneva SE (VALN). Click either name above to swap in a different company.

Valneva SE is the larger business by last-quarter revenue ($36.2M vs $27.1M, roughly 1.3× Rumble Inc.). Valneva SE runs the higher net margin — -54.1% vs -120.8%, a 66.7% gap on every dollar of revenue.

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".

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

RUM vs VALN — Head-to-Head

Bigger by revenue
VALN
VALN
1.3× larger
VALN
$36.2M
$27.1M
RUM
Higher net margin
VALN
VALN
66.7% more per $
VALN
-54.1%
-120.8%
RUM

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
RUM
RUM
VALN
VALN
Revenue
$27.1M
$36.2M
Net Profit
$-32.7M
$-19.6M
Gross Margin
5.5%
38.9%
Operating Margin
-131.1%
-49.5%
Net Margin
-120.8%
-54.1%
Revenue YoY
-10.5%
Net Profit YoY
86.2%
EPS (diluted)
$-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.

Revenue
RUM
RUM
VALN
VALN
Q4 25
$27.1M
Q3 25
$24.8M
Q1 25
$23.7M
Q4 24
$30.2M
Q3 24
$25.1M
Q2 24
$22.5M
Q1 24
$17.7M
Q4 23
$20.4M
Net Profit
RUM
RUM
VALN
VALN
Q4 25
$-32.7M
Q3 25
$-16.3M
Q1 25
$-2.7M
Q4 24
$-236.8M
Q3 24
$-31.5M
Q2 24
$-26.8M
Q1 24
$-43.3M
Q4 23
$-29.3M
Gross Margin
RUM
RUM
VALN
VALN
Q4 25
5.5%
Q3 25
-1.8%
Q1 25
-26.7%
Q4 24
-14.2%
Q3 24
-45.4%
Q2 24
-58.8%
Q1 24
-79.5%
Q4 23
Operating Margin
RUM
RUM
VALN
VALN
Q4 25
-131.1%
Q3 25
-113.6%
Q1 25
-153.5%
Q4 24
-80.1%
Q3 24
-131.0%
Q2 24
-172.7%
Q1 24
-197.4%
Q4 23
-182.5%
Net Margin
RUM
RUM
VALN
VALN
Q4 25
-120.8%
Q3 25
-65.7%
Q1 25
-11.2%
Q4 24
-783.2%
Q3 24
-125.9%
Q2 24
-119.2%
Q1 24
-244.1%
Q4 23
-143.6%
EPS (diluted)
RUM
RUM
VALN
VALN
Q4 25
$-0.13
Q3 25
$-0.06
Q1 25
$-0.01
Q4 24
$-1.17
Q3 24
$-0.15
Q2 24
$-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
RUM
RUM
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$237.9M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$274.8M
$221.2M
Total Assets
$336.8M
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RUM
RUM
VALN
VALN
Q4 25
$237.9M
Q3 25
$269.8M
Q1 25
$301.3M
Q4 24
$114.0M
Q3 24
$132.0M
Q2 24
$154.2M
Q1 24
$183.8M
Q4 23
$219.5M
Stockholders' Equity
RUM
RUM
VALN
VALN
Q4 25
$274.8M
Q3 25
$302.2M
Q1 25
$339.6M
Q4 24
$-63.1M
Q3 24
$166.1M
Q2 24
$192.7M
Q1 24
$210.7M
Q4 23
$251.6M
Total Assets
RUM
RUM
VALN
VALN
Q4 25
$336.8M
Q3 25
$367.2M
Q1 25
$391.1M
Q4 24
$195.3M
Q3 24
$217.2M
Q2 24
$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
RUM
RUM
VALN
VALN
Operating Cash FlowLast quarter
$-29.4M
$-26.3M
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.

Operating Cash Flow
RUM
RUM
VALN
VALN
Q4 25
$-29.4M
Q3 25
$-10.6M
Q1 25
$-14.5M
Q4 24
$-12.4M
Q3 24
$-19.1M
Q2 24
$-21.7M
Q1 24
$-33.9M
Q4 23
$-33.1M
Free Cash Flow
RUM
RUM
VALN
VALN
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
FCF Margin
RUM
RUM
VALN
VALN
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%
Capex Intensity
RUM
RUM
VALN
VALN
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

RUM
RUM

Audience Monetization$23.8M88%
Other Initiatives$3.3M12%

VALN
VALN

Segment breakdown not available.

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