RUM Group Inc. (RUM) Form 10-Q — Aug 10, 2026
RUM Group Inc.'s Q2 2026 revenue rose 61% year over year to $40.4 million, but its net loss nearly tripled to $80.9 million from $30.2 million a year ago, with loss per share of $0.28 versus $0.12. The wider loss was driven by $28.3 million of acquisition-related transaction costs, $16.3 million of amortization and depreciation, and spending growth across every expense line. The defining event was the June 17, 2026 closing of the Northern Data AG acquisition, in which RUM took an approximately 85% stake for total consideration of $1.61 billion — paid in 59.3 million Class A shares at $7.29, 98.3 million pre-funded warrants issued to Tether, and a €317.5 million euro-denominated note.
Key figures
- Revenue
- 40366736
- Total Debt
- 358811637
- Debt Amount
- €317,533,401 note principal (carrying value $358,811,637)
- Revenue Yoy
- 61% (Q2 2026 vs Q2 2025)
- Total Assets
- 2124232887
- Cash Position
- 203269513
- Interest Rate
- EURIBOR + 3.0% (effective rate ~5.92% on debt host)
- Maturity Date
- June 18, 2031
- Arpu q2 2026
- 0.48
- Ndag goodwill
- 411503140
- Q2 2025 revenue
- 25084631
- Six month revenue
- 65826532
- Ndag ownership pct
- 85
- Arpu qoq growth pct
- 20
- Maus qoq growth pct
- 2
- Maus q2 2026 millions
- 57
- Ndag proforma h1 revenue
- 168244631
- Ndag total consideration
- 1608906565
- Class c shares outstanding
- 123690477
- Class d shares outstanding
- 95791120
- Tether ad commitment total
- 100000000
- Subsequent generator purchase
- 26672345
- Acquisition transaction costs q2
- 28314638
- Deferred tax valuation allowance
- 82587457
- Swedish vat assessment usd approx
- 31000000
- Prefunded warrants issued to tether
- 98264309
- Tether funding arrangement capacity
- 200000000
- Class a shares issued to ndag holders
- 59346944
- Class a shares outstanding aug 6 2026
- 276328597
- Noncancelable contractual commitments
- 253000000
- Acquisition transaction costs six months
- 33161645
- Tether funding drawn via prefunded warrants
- 36242538
- Convertible note estimated conversion shares
- 45913395
Price after filing
Close on the filing date to close N calendar days later (from $6.38). Historical, not a forecast.
AI analysis
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