Bumble Inc (BMBL)
🔔 Watch stock
Bumble sits near the top of our in-house P/FCF ranking: the market values the company at barely more than one and a half years of its own free cash flow. Filings with the U.S. securities regulator, the SEC, show why that number tells half the story. Market capitalization counts 130.4 million Class A shares — the cash flow belongs to a group with 151.6 million units. The $341.9 million of net debt never enters the ratio at all. And in 2025 some $185.7 million went to Blackstone, the founder and other pre-IPO owners, so the cash pile shrank despite $238.7 million of free cash flow. Since April 2026 the new loan costs Term SOFR plus 8.00 percentage points and amortizes at 12.5 percent a year instead of 1.0. Not investment advice — just the question of who actually owns this cash flow.
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This stock currently matches 5 of our scanner strategies — each hit links to the scanner.
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Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Quality & Screener
AI Rating
ThreatenedBumble erzielt keinen Umsatz mit KI-Produkten, benennt im Geschäftsbericht 2025 aber konkret die Gefahr, dass Wettbewerber mit künstlicher Intelligenz im Dating-Markt schneller skalieren und das eigene Modell verdrängen.
View the full file — quotes, sources, reviewed filings
„It is possible that a new product or service could gain rapid scale at the expense of existing brands through harnessing a new technology (such as artificial intelligence), or a new or existing distribution channel, creating a new or different approach to connecting people or some other means."
Es ist möglich, dass ein neues Produkt oder ein neuer Dienst auf Kosten bestehender Marken rasch Größe gewinnt, indem es eine neue Technologie (etwa künstliche Intelligenz) oder einen neuen oder bestehenden Vertriebsweg nutzt und damit einen neuen oder anderen Ansatz schafft, Menschen zusammenzubringen.
„Our competitors may incorporate AI into their services more quickly or more successfully than us, which could impair our ability to compete effectively."
Unsere Wettbewerber könnten künstliche Intelligenz schneller oder erfolgreicher in ihre Dienste einbauen als wir, was unsere Fähigkeit beeinträchtigen könnte, wirksam zu konkurrieren.
Filings Reviewed: 10-Q 2026-05-06 · 10-Q 2025-11-07 · 10-Q 2025-08-07 · 10-Q 2025-05-12 · 10-K 2026-03-16 · 10-K 2025-02-28
Rated on July 27, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.04 | – | 262 | -4.40 | 1.60 | -6 | -9 |
| 2025: Q1 | 0.13 | -33.20 | 247 | -7.70 | 5.40 | 43 | 41 |
| 2025: Q2 | -2.41 | -1,211.90 | 248 | -7.60 | -102.20 | 71 | 68 |
| 2025: Q3 | 0.36 | – | 246 | -10.00 | 15.20 | 77 | 74 |
| 2025: Q4 | -4.75 | -12,404.10 | 224 | -14.30 | -222.80 | 59 | 56 |
| 2026: Q1 | 0.43 | 236.30 | 212 | -14.10 | 21.30 | 77 | 74 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Assessment: Opportunities & Risks
Free cash flow rose to $238.7 million in 2025 (2024: $114.1 million) and adjusted EBITDA to $313.6 million at a 32.5% margin. The first quarter of 2026 added $73.8 million of free cash flow and $52.6 million of net earnings. The money is real and it arrives.
Paying users fell 21.1 percent to 3.17 million in the first quarter of 2026 and revenue fell 14.1 percent to $212.4 million. The jump in cash flow came from the cost knife: selling and marketing expense of $165.5 million against $261.2 million (2025 versus 2024) and $27.0 million against $59.7 million in the first quarter. A subscription business without new payers is an expiring contract.
The P/FCF of 1.6 in the ranking (as of July 27, 2026) counts only 130.4 million Class A shares and ignores $341.9 million of net debt. Using all 151,638,183 units and adding the debt, the ratio is roughly 3.2 — double. Buying on that number alone means buying half a calculation.
Since April 24, 2026 the $475.0 million term loan costs Term SOFR plus 8.00 percentage points instead of 6.52 and 7.02 percent, and mandatory amortization jumps from 1.00 percent a year to 12.5 percent, then 15.0 percent. Roughly $59.4 million of annual amortization stands against $238.7 million of free cash flow, plus prepayments out of excess cash flow.
Blackstone is selling its remaining 22,432,496 shares (17.2% as of June 18, 2026) through forward transactions with UBS running to the first half of 2027 at the latest; the first two quarterly settlements priced at $3.51 and $3.7751. The Blackstone board representative resigned effective June 30, 2026. A predictable supply overhang remains.
As of March 31, 2026, $245.6 million of cash stands against $587.5 million of debt, with total equity of $735.2 million. The new $475.0 million of borrowings equals roughly one and a half times adjusted EBITDA of $313.6 million against a 3.00:1.00 covenant. The $732.7 million of goodwill, however, is what survived impairments of $892.2 million in 2024 and $1,039.0 million in 2025, and the accumulated deficit stands at $1,349.0 million.
Bumble is a textbook case of what a single valuation metric leaves out. The $238.7 million of free cash flow in 2025 is real, the margins are high and the balance-sheet lights are green. But the market capitalization in the ranking counts one of two ownership classes, the $341.9 million of net debt never enters the ratio, and in the same year $185.7 million left for Blackstone, the founder and other pre-IPO owners while the cash pile shrank. Honestly calculated the ratio is roughly 3.2 rather than 1.6 — attached to a business that lost a fifth of its paying users in the first quarter of 2026 and whose new financing has priced eight percentage points over the reference rate since April 2026. Not investment advice.
- The hook for this analysis is our in-house stock scanner, specifically the P/FCF ranking. Measured by us on July 27, 2026: 544 hits in the English list, last recalculated on July 26, 2026. With the U.S. market filter the page shows 25 rows; Bumble is not among them but ranks 29th at a ratio of 1.6. The lists are recalculated daily, so the placement is a snapshot rather than a permanent state.
- Data basis: annual figures from the Form 10-K for 2025 (filed March 16, 2026), quarterly figures from the Form 10-Q as of March 31, 2026 (filed May 6, 2026), financing terms from the Form 8-K of April 24, 2026, and ownership data from the Schedule 13D amendments of December 1, 2025, March 19, 2026 and June 18, 2026. The valuation anchor is the closing price of $2.80 on July 24, 2026 — a dated anchor, not a reason to buy.
- Easily confused: Bumble Inc. is the listed managing entity, while the operating business sits in Buzz Holdings L.P. Free cash flow arises there and belongs proportionally to the noncontrolling holders as well — 14.1 percent of net earnings in the first quarter of 2026. No takeover, take-private or merger was pending through July 27, 2026.
About the Company
Bumble Inc. provides online dating and social networking applications in North America, Europe, internationally.
| Employees | 580 |
|---|---|
| Headquarters | Austin, TX |
| Website | bumble.com |
| IPO Date | 11. Feb 2021 |
| Next Earnings | 5. Aug 2026 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Whitney Wolfe Herd | Founder, CEO & Director | 1990 |
| Kevin D. Cook | Chief Financial Officer & Principal Financial Officer | 1965 |
| Deirdre Larkin Runnette | Chief Legal Officer & Secretary | 1969 |
| Amy Kossover | Chief Accounting Officer | 1962 |
| Vivek Sagi | Chief Product & Technology Officer | 1977 |
| William Paul Taveras | Head of Investor Relations | – |
| Neela Pal | Chief Marketing Officer | – |
| David Ard | Chief People Officer | – |
| Julie Radford | Chief Communications & Corporate Affairs Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 24, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.