RUM Group Delivers Record Q2 Revenue and Sets First-Ever Q3 Guidance of $87M–$93M Following Northern Data Close
RUM sits 34% above its 52-week low of $4.62.
Summary
RUM Group posted record Q2 2026 revenue of $40.4M (+61% YoY) and initiated Q3 guidance of $87M–$93M, reflecting the first full quarter including Northern Data. The Quake AI unit demonstrates strong utilization and a massive unmonetized capacity pipeline.
Key Events · Earnings and Guidance · RUM
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Record Q2 Revenue of $40.4M
Revenue climbed 61% year-over-year to $40.4 million, with Northern Data contributing $10.1 million from the June 17 acquisition close. Rumble Video revenue reached a record $30.3 million, up 21% year-over-year.
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Q3 Revenue Guidance Initiated at $87M–$93M
First formal guidance projects Q3 2026 revenue of $87–$93 million, more than double Q2, driven by a full quarter of Northern Data and continued growth in the video business.
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Quake AI: 85% GPU Utilization, $3B+ ARR Pipeline
The combined cloud/AI unit is running at approximately 85% utilization on its roughly 22,000 NVIDIA H100/H200 GPU estate. Management targets about 250 MW of unmonetized capacity for 2027, representing a $3B+ annual run-rate opportunity.
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Strong Liquidity Position
As of June 30, 2026, total liquidity stood at $220.5 million, including $203.3 million in cash and 293.14 Bitcoin valued at $17.2 million.
Analysis · RUM · Technology
A transformational quarter for RUM Group was marked by the closing of the Northern Data acquisition and record revenue of $40.4 million, a 61% year-over-year increase. For the first time, the company issued formal guidance, projecting Q3 revenue of $87–$93 million — more than double the Q2 figure — fueled by a full quarter's contribution from Northern Data's GPU cloud business. The combined cloud unit, Quake AI, is operating at 85% utilization and holds 250 MW of unmonetized capacity targeted for 2027, which management estimates represents a $3 billion-plus annual run-rate opportunity. The balance sheet remains solid with $220.5 million in total liquidity. This earnings release provides the first clear view of the combined entity's financial profile and growth trajectory, making it a critical update for investors.
At the time of this filing, RUM was trading at $6.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $4.62 to $10.54. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.