RUM Group (RUM) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 revenue of $40.4 million, up 61% year-over-year, driven by organic growth and the acquisition of approximately 85% of Northern Data AG, expanding into AI and high-performance computing infrastructure.

• Corporate realignment established two business units: Rumble (video platform) and Quake AI (cloud and AI infrastructure), with rebranding as RUM Group Inc.

• Quake AI's GPU estate utilization exceeded 85%, reflecting strong execution and customer demand.

• Average global monthly active users reached 57 million in Q2 2026, with ARPU increasing 20% sequentially to $0.48.

• Net loss widened to $80.9 million from $30.2 million year-over-year, reflecting higher operating and acquisition-related costs.

Financial highlights

• Q2 2026 revenue: $40.4 million (+61% YoY), with $10.1 million contributed by Northern Data post-acquisition.

• Adjusted EBITDA loss improved to $16.6 million from $20.5 million year-over-year.

• Cost of services rose to $30.6 million from $26.5 million, mainly due to programming, content, and data center expenses.

• Total liquidity at quarter-end was $220.5 million, including $203.3 million in cash and 293.14 Bitcoin valued at $17.2 million.

• Loss per share for Q2 2026 was $0.28, compared to $0.12 in Q2 2025.

Outlook and guidance

• Issued formal Q3 2026 revenue guidance of $87–93 million, reflecting the first full quarter with Quake AI.

• Management will transition to segment reporting for Rumble Video and Quake AI starting Q3 2026.

• Plans to monetize 250 MW of unmonetized power, targeting a $3+ billion annual run rate opportunity by 2027.

• Continued investment in content acquisition and cloud infrastructure is expected.

• The company anticipates further capital expenditures and potential additional indebtedness to support data center growth.