RUM Group Inc.
RUM, RUMBW · Services-Computer Programming, Data Processing, Etc. · 204.1M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $503M (gross $525M, SBC $22M)
Reference price $5.48 · est. market cap ~$1.1B — last insider purchase, 2026-02-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D40Technology/media company with a negative gross margin, deep losses, and heavy cash burn.
Strengths
- Strong liquidity — current ratio 5.8 (89th)
Risks
- Negative gross margin, deep losses — gross margin -7%, operating margin -126%
- Heavy cash burn — FCF -$74M (10th)
- Unproven business model — per 10-K
Notable findings
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- Net lossNet loss (net margin -81.3%)
- Cash burnNegative free cash flow (-74.5M)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $238M cash & investments, ~13 quarters of runway
- Insider buyingInsider buying — 3 open-market buy(s) by 1 insider(s) (~$4M, last 6mo) Form 4 ↗
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
-6.7%
Operating margin
-125.9%
Net margin
-81.3%
Return on equity
-29.8%
Return on assets
-24.3%
Revenue growth (QoQ)
-5.9%
Current ratio
5.8×
Free cash flow
-$74M
EBITDA
-$112M
Tangible book value
$240M
Cash & investments
$238M
Cash runway
13q
Stock comp / revenue
23.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-17 | Tether Global Investments Fund, S.I.C.A.F., S.A. | Other | 36.7M | — |
| 2026-06-12 | CAPPUCCIO PAUL T | Grant | 45K | — |
| 2026-06-12 | CAPPUCCIO PAUL T | Tax withheld | 17K | $7.54 |
| 2026-06-12 | Evershed Philip | Grant | 45K | — |
| 2026-06-12 | Evershed Philip | Tax withheld | 20K | $7.54 |
| 2026-06-12 | Biber Katie | Grant | 34K | — |
| 2026-06-12 | Biber Katie | Tax withheld | 14K | $7.54 |
| 2026-06-12 | Milnes Ryan | Grant | 34K | — |
| 2026-06-12 | Milnes Ryan | Tax withheld | 15K | $7.54 |
| 2026-06-12 | Naumoff Jerry | Tax withheld | 6.8K | $7.54 |
| 2026-06-12 | Naumoff Jerry | Grant | 34K | — |
| 2026-04-02 | Biber Katie | Tax withheld | 17K | $4.98 |
| 2026-04-02 | Pavlovski Christopher | Tax withheld | 32K | $4.98 |
| 2026-04-02 | Hlibowicki Wojciech | Tax withheld | 12K | $4.98 |
| 2026-04-02 | Ramolo Claudio | Tax withheld | 4.1K | $4.98 |
| 2026-04-02 | Evershed Philip | Tax withheld | 13K | $4.98 |
| 2026-04-02 | Hughes Tyler | Tax withheld | 12K | $4.98 |
| 2026-04-01 | Masci Michael | Grant | 229K | — |
| 2026-04-01 | Masci Michael | Grant | 100K | — |
| 2026-03-10 | Edelson Maurice F. | Grant | 96K | — |
| 2026-03-10 | Edelson Maurice F. | Grant | 350K | — |
| 2026-03-10 | Pavlovski Christopher | Grant | 242K | — |
| 2026-03-10 | Alexandroff Brandon | Grant | 48K | — |
| 2026-03-10 | Ramolo Claudio | Grant | 43K | — |
| 2026-03-10 | Hlibowicki Wojciech | Grant | 96K | — |
| 2026-03-10 | Hughes Tyler | Grant | 96K | — |
| 2026-02-06 | Tether Global Investments Fund, S.I.C.A.F., S.A. | Buy | 44K | $5.48 |
| 2026-02-05 | Tether Global Investments Fund, S.I.C.A.F., S.A. | Buy | 539K | $5.41 |
| 2026-02-03 | Tether Global Investments Fund, S.I.C.A.F., S.A. | Buy | 194K | $5.49 |
| 2026-01-02 | Evershed Philip | Grant | 894 | — |
| 2025-11-26 | Naumoff Jerry | Tax withheld | 3.7K | $6.76 |
| 2025-11-21 | Tether Holdings, S.A. de C.V. | Buy | 270K | $5.46 |
| 2025-11-20 | Tether Holdings, S.A. de C.V. | Buy | 440K | $5.38 |
| 2025-11-19 | Tether Holdings, S.A. de C.V. | Buy | 353K | $5.45 |
| 2025-11-14 | Hlibowicki Wojciech | Tax withheld | 917 | $5.64 |
| 2025-11-14 | Alexandroff Brandon | Tax withheld | 917 | $5.64 |
| 2025-11-14 | Pavlovski Christopher | Tax withheld | 3.7K | $5.64 |
| 2025-11-14 | Hughes Tyler | Tax withheld | 917 | $5.64 |
| 2025-09-16 | Pavlovski Christopher | Tax withheld | 196K | $7.65 |
| 2025-06-14 | Naumoff Jerry | Tax withheld | 5.0K | $8.65 |
| 2025-06-14 | CAPPUCCIO PAUL T | Tax withheld | 23K | $8.65 |
| 2025-06-14 | Armstrong Nancy | Tax withheld | 21K | $8.65 |
| 2025-06-14 | Evershed Philip | Tax withheld | 1.1K | $8.65 |
| 2025-06-14 | Milnes Ryan | Tax withheld | 19K | $8.65 |
| 2025-06-12 | Biber Katie | Grant | 27K | — |
| 2025-06-12 | Evershed Philip | Grant | 36K | — |
| 2025-06-12 | Naumoff Jerry | Grant | 27K | — |
| 2025-06-12 | Biber Katie | Grant | 12K | — |
| 2025-06-12 | CAPPUCCIO PAUL T | Grant | 36K | — |
| 2025-06-12 | Milnes Ryan | Grant | 27K | — |
| 2025-06-12 | Armstrong Nancy | Grant | 27K | — |
| 2025-04-03 | Evershed Philip | Grant | 2.0K | — |
| 2025-04-03 | Biber Katie | Grant | 33K | — |
| 2025-04-03 | Alexandroff Brandon | Tax withheld | 8.4K | $8.06 |
| 2025-04-03 | Pavlovski Christopher | Grant | 81K | — |
| 2025-04-03 | Ramolo Claudio | Tax withheld | 2.7K | $8.06 |
| 2025-04-03 | Ramolo Claudio | Grant | 7.8K | — |
| 2025-04-03 | Pavlovski Christopher | Tax withheld | 21K | $8.06 |
| 2025-04-03 | Alexandroff Brandon | Grant | 30K | — |
| 2025-04-03 | Naumoff Jerry | Grant | 15K | — |
| 2025-04-03 | Hughes Tyler | Tax withheld | 8.4K | $8.06 |
| 2025-04-03 | Hughes Tyler | Grant | 30K | — |
| 2025-04-03 | Hlibowicki Wojciech | Tax withheld | 8.4K | $8.06 |
| 2025-04-03 | Hlibowicki Wojciech | Grant | 30K | — |
| 2025-04-03 | Evershed Philip | Grant | 47K | — |
| 2025-02-07 | Ramolo Claudio | Conversion | 1.5M | — |
| 2025-02-07 | Ramolo Claudio | Other | 1.5M | — |
| 2025-02-07 | Ramolo Claudio | Option exercise | 4.8M | $0.03 |
| 2025-02-07 | Hughes Tyler | Sell | 313K | $7.50 |
| 2025-02-07 | Ramolo Claudio | Sell | 4.8M | $7.50 |
| 2025-02-07 | Ellis Michael Jay | Tax withheld | 27K | $12.75 |
| 2025-02-07 | Hughes Tyler | Option exercise | 313K | $2.50 |
| 2025-02-07 | Ramolo Claudio | Sell | 1.5M | $7.50 |
| 2025-02-07 | Arsov Robert | Option exercise | 5.0M | $0.03 |
| 2025-02-07 | Arsov Robert | Sell | 12.4M | $7.50 |
| 2025-02-07 | Pavlovski Christopher | Conversion | 9.6M | — |
| 2025-02-07 | Pavlovski Christopher | Other | 9.6M | — |
| 2025-02-07 | Pavlovski Christopher | Sell | 9.6M | $7.50 |
| 2025-02-07 | Pavlovski Christopher | Sell | 355K | $7.50 |
| 2025-02-07 | Pavlovski Christopher | Other | 10.0M | — |
| 2025-02-07 | Milnes Ryan | Conversion | 25.0M | — |
| 2025-02-07 | Milnes Ryan | Other | 25.0M | — |
| 2025-02-07 | Milnes Ryan | Sell | 25.0M | $7.50 |
| 2025-02-07 | Alexandroff Brandon | Conversion | 2.0M | — |
| 2025-02-07 | Alexandroff Brandon | Other | 2.0M | — |
| 2025-02-07 | Alexandroff Brandon | Option exercise | 6.8M | $0.03 |
| 2025-02-07 | Alexandroff Brandon | Sell | 2.0M | $7.50 |
| 2025-02-07 | Alexandroff Brandon | Sell | 6.8M | $7.50 |
| 2025-02-07 | Hlibowicki Wojciech | Conversion | 3.1M | — |
| 2025-02-07 | Hlibowicki Wojciech | Other | 3.1M | — |
| 2025-02-07 | Hlibowicki Wojciech | Option exercise | 3.8M | $0.03 |
| 2025-02-07 | Hlibowicki Wojciech | Sell | 3.1M | $7.50 |
| 2025-02-07 | Hlibowicki Wojciech | Sell | 3.8M | $7.50 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Material agreementDebt obligation3.025.03Exhibits | filing ↗ |
| 2026-06-17 | Material agreementAcquisition/disposition3.025.03OtherExhibits | filing ↗ |
| 2026-06-15 | Shareholder vote | filing ↗ |
| 2026-06-04 | Reg FDExhibits | filing ↗ |
| 2026-05-14 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-27 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-05 | ResultsReg FDExhibits | filing ↗ |
| 2025-11-12 | Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-17 | 0001213900-26-070201 ↗ |
| 8-K | 2026-06-17 | 2026-06-15 | 0001213900-26-069733 ↗ |
| 8-K | 2026-06-15 | 2026-06-11 | 0001213900-26-068517 ↗ |
| 8-K | 2026-06-04 | 2026-06-03 | 0001213900-26-065051 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001213900-26-056619 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001213900-26-056616 ↗ |
| 8-K | 2026-03-27 | 2026-03-26 | 0001213900-26-034894 ↗ |
| 10-K | 2026-03-05 | 2025-12-31 | 0001213900-26-024099 ↗ |
| 8-K | 2026-03-05 | 2026-03-05 | 0001213900-26-024095 ↗ |
| 8-K/A | 2025-11-12 | 2025-11-10 | 0001213900-25-109358 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001213900-25-108230 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001213900-25-108322 ↗ |