BMBLHIGH SIGNALFINANCIAL10-K

BMBL experienced significant financial deterioration with net losses deepening to $693M while assets contracted 44% and share buybacks plummeted 85%.

The massive 44% asset contraction combined with deepening losses suggests potential material business challenges or major restructuring activity that requires immediate investor attention. The dramatic reduction in share buybacks from $192M to $29M indicates management may be conserving cash amid deteriorating financial performance.

Comparing 2026-03-16 vs 2025-02-28View on EDGAR →
FINANCIAL ANALYSIS

BMBL's financial position shows concerning deterioration with total assets shrinking dramatically from $2.5B to $1.4B while net losses expanded from $557M to $693M. The company did generate stronger operating cash flow ($250M vs $123M), but this positive development is overshadowed by the massive asset contraction and deepening losses. The 85% reduction in share buybacks alongside declining cash reserves suggests management is prioritizing capital preservation amid significant business headwinds.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+102.8%
$123.4M$250.4M

Operating cash flow surged 102.8% — exceptional cash generation, highest quality earnings signal.

Share Buybacks
Cash Flow
-85.1%
$192.1M$28.7M

Buyback activity reduced 85.1% — capital being redeployed elsewhere or cash conservation underway.

Total Assets
Balance Sheet
-43.6%
$2.5B$1.4B

Total assets contracted 43.6% — asset sales, write-downs, or balance sheet optimization underway.

Total Liabilities
Balance Sheet
-36.7%
$1.2B$744.0M

Liabilities reduced 36.7% — deleveraging improves balance sheet strength and financial flexibility.

Stockholders Equity
Balance Sheet
-30.9%
$824.5M$570.0M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

Net Income
P&L
-24.4%
-$557.0M-$693.1M

Net income declined 24.4% — review whether driven by operations, interest costs, or non-recurring items.

Accounts Receivable
Balance Sheet
-16.7%
$99.7M$83.1M

Receivables declined — improved collection efficiency or conservative revenue recognition.

Operating Income
P&L
-15%
-$700.5M-$805.8M

Operating profitability softening — costs rising faster than revenue, watch for margin recovery plan.

Cash & Equivalents
Balance Sheet
-14%
$204.3M$175.8M

Cash decreased 14% — monitor burn rate and upcoming capital needs.

Current Assets
Balance Sheet
-10.8%
$342.2M$305.3M

Current assets declined 10.8% — monitor working capital adequacy and short-term liquidity.

LANGUAGE CHANGES
NEW — 2026-03-16
PRIOR — 2025-02-28
ADDED
had 129,815,720 shares of Class A common stock, par value $0.01 per share, outstanding and 17 shares of Class B common stock, par value $0.01 per share, outstanding.
Our key metrics (Bumble App Paying Users, Badoo App and Other Paying Users, Total Paying Users, Bumble App Average Revenue per Paying User, Badoo App and Other Average Revenue per Paying User, and Total Average Revenue per Paying User) were calculated excluding paying users and revenue generated from Official, advertising and partnerships or affiliates.
For periods prior to the fourth quarter of 2023, our key operating metrics exclude paying users and revenue generated from Fruitz; beginning in the fourth quarter of 2023 (through July 2025, when the business was sold), they include Fruitz.
Although the Bumble For Friends app was relaunched as BFF in the United States in September 2025, the Company continues to generate revenue from the legacy Bumble For Friends app.
As of December 31, 2025, BFF app has not generated any revenue and therefore is excluded from our key operating metrics.
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REMOVED
had 105,545,584 shares of Class A common stock, par value $0.01 per share, outstanding and 20 shares of Class B common stock, par value $0.01 per share, outstanding.
Our key metrics (Bumble App Paying Users, Badoo App and Other Paying Users, Total Paying Users, Bumble App Average Revenue per Paying User, Badoo App and Other Average Revenue per Paying User, and Total Average Revenue per Paying User) were calculated excluding paying users and revenue generated from Official, advertising and partnerships or affiliates and, for periods prior to the fourth quarter of 2023, excluding paying users and revenue generated from Fruitz.
Beginning in the fourth quarter of 2023, paying users and revenue generated from Fruitz are included in our key operating metrics.
As of December 31, 2024, Geneva has not generated any revenue, and therefore, is excluded from our key operating metrics.
Badoo App and Other Revenue is revenue derived from purchases or renewals of a Badoo app subscription plan and/or in-app purchases on Badoo app in the relevant period, purchases on one of our other apps that we owned and operated in the relevant period, purchases on other third-party apps that used our technology in the relevant period and advertising, partnerships or affiliates revenue in the relevant period.
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