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10-Q Filing

BUMBLE INC. CIK: 1830043 Q3 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-018310
Period End Date 20230331
Filing Date 20230505
Fiscal Year 2023
Fiscal Period Q3
XBRL Instance bmbl-20230331_htm.xml
Balance Sheet 71 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $388.95M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $402.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $308.79M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $66.93M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $92.82M USD Point-in-time
Other current assets OtherAssetsCurrent $31.88M USD Point-in-time
Other current assets OtherAssetsCurrent $39.25M USD Point-in-time
Total current assets AssetsCurrent $521.02M USD Point-in-time
Total current assets AssetsCurrent $501.37M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 600.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 600.00M shares Point-in-time
Right-of-use assets OperatingLeaseRightOfUseAsset $17.42M USD Point-in-time
Right-of-use assets OperatingLeaseRightOfUseAsset $17.12M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $17.30M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $14.47M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Goodwill Goodwill $1.58B USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Goodwill Goodwill $1.58B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.51B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.52B USD Point-in-time
Deferred tax assets, net DeferredIncomeTaxAssetsNet $24.05M USD Point-in-time
Deferred tax assets, net DeferredIncomeTaxAssetsNet $26.73M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $31.12M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $26.53M USD Point-in-time
Total assets Assets $3.69B USD Point-in-time
Total assets Assets $3.70B USD Point-in-time
Accounts payable AccountsPayableCurrent $3.37M USD Point-in-time
Accounts payable AccountsPayableCurrent $9.32M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $46.11M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $47.13M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesAndOtherLiabilities $156.44M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesAndOtherLiabilities $146.35M USD Point-in-time
Current portion of long-term debt, net LongTermDebtCurrent $5.75M USD Point-in-time
Current portion of long-term debt, net LongTermDebtCurrent $5.75M USD Point-in-time
Total current liabilities LiabilitiesCurrent $211.67M USD Point-in-time
Total current liabilities LiabilitiesCurrent $208.56M USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $618.21M USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $619.22M USD Point-in-time
Deferred tax liabilities, net DeferredIncomeTaxLiabilitiesNet $7.69M USD Point-in-time
Deferred tax liabilities, net DeferredIncomeTaxLiabilitiesNet $8.08M USD Point-in-time
Payable to related parties pursuant to a tax receivable agreement TaxReceivableAgreementLiability $385.49M USD Point-in-time
Payable to related parties pursuant to a tax receivable agreement TaxReceivableAgreementLiability $416.75M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $14.59M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $14.69M USD Point-in-time
Total liabilities Liabilities $1.24B USD Point-in-time
Total liabilities Liabilities $1.27B USD Point-in-time
Commitments and contingencies (Note 14) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 14) CommitmentsAndContingencies - USD Point-in-time
Preferred stock (par value $0.01; authorized 600,000,000 shares; no shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively PreferredStockValue - USD Point-in-time
Preferred stock (par value $0.01; authorized 600,000,000 shares; no shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.69B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.79B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-141.48M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-139.87M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $76.51M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $74.48M USD Point-in-time
Total Bumble Inc. shareholders' equity StockholdersEquity $1.63B USD Point-in-time
Total Bumble Inc. shareholders' equity StockholdersEquity $1.72B USD Point-in-time
Noncontrolling interests MinorityInterest $825.76M USD Point-in-time
Noncontrolling interests MinorityInterest $712.49M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.44B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.50B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.45B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.47B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $3.69B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $3.70B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $210.03M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $242.95M USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $55.61M USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $70.58M USD 1 Quarter
Selling and marketing expense SellingAndMarketingExpense $63.59M USD 1 Quarter
Selling and marketing expense SellingAndMarketingExpense $56.83M USD 1 Quarter
General and administrative expense GeneralAndAdministrativeExpense $49.83M USD 1 Quarter
General and administrative expense GeneralAndAdministrativeExpense $23.85M USD 1 Quarter
Product development expense ProductDevelopmentExpense $33.15M USD 1 Quarter
Product development expense ProductDevelopmentExpense $27.79M USD 1 Quarter
Depreciation and amortization expense DepreciationAndAmortization $26.93M USD 1 Quarter
Depreciation and amortization expense DepreciationAndAmortization $16.73M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $191.01M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $233.88M USD 1 Quarter
Operating earnings (loss) OperatingIncomeLoss $19.02M USD 1 Quarter
Operating earnings (loss) OperatingIncomeLoss $9.06M USD 1 Quarter
Interest income (expense) InterestIncomeExpenseNonoperatingNet $-5.22M USD 1 Quarter
Interest income (expense) InterestIncomeExpenseNonoperatingNet $-5.59M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-13.23M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-3.56M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $284.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $26.66M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $2.61M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $2.91M USD 1 Quarter
Net earnings (loss) ProfitLoss $-2.33M USD 1 Quarter
Net earnings (loss) ProfitLoss $23.75M USD 1 Quarter
Net earnings (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $7.55M USD 1 Quarter
Net earnings (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-718.00K USD 1 Quarter
Net earnings (loss) attributable to Bumble Inc. shareholders NetIncomeLoss $16.20M USD 1 Quarter
Net earnings (loss) attributable to Bumble Inc. shareholders NetIncomeLoss $-1.61M USD 1 Quarter
Basic earnings (loss) per share EarningsPerShareBasic $0.13 USD 1 Quarter
Basic earnings (loss) per share EarningsPerShareBasic $-0.01 USD 1 Quarter
Diluted earnings (loss) per share EarningsPerShareDiluted $0.12 USD 1 Quarter
Diluted earnings (loss) per share EarningsPerShareDiluted $-0.01 USD 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net earnings (loss) ProfitLoss $-2.33M USD 1 Quarter
Net earnings (loss) ProfitLoss $23.75M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $16.73M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $26.93M USD 1 Quarter
Changes in fair value of interest rate swaps ChangesInFairValueOfInterestRateSwaps $-10.82M USD 1 Quarter
Changes in fair value of interest rate swaps ChangesInFairValueOfInterestRateSwaps $4.23M USD 1 Quarter
Changes in fair value of contingent earn-out liability ChangesInFairValueOfContingentEarnOutLiability $-20.71M USD 1 Quarter
Changes in fair value of contingent earn-out liability ChangesInFairValueOfContingentEarnOutLiability $-646.00K USD 1 Quarter
Non-cash lease expense NonCashLeaseExpense $862.00K USD 1 Quarter
Non-cash lease expense NonCashLeaseExpense $1.17M USD 1 Quarter
Deferred income tax DeferredIncomeTaxExpenseBenefit $-2.48M USD 1 Quarter
Deferred income tax DeferredIncomeTaxExpenseBenefit $-2.72M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $17.56M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $28.58M USD 1 Quarter
Net foreign exchange difference ForeignCurrencyTransactionGainLossBeforeTax $7.82M USD 1 Quarter
Net foreign exchange difference ForeignCurrencyTransactionGainLossBeforeTax $1.99M USD 1 Quarter
Research and development tax credit ResearchAndDevelopmentTaxCredit $292.00K USD 1 Quarter
Research and development tax credit ResearchAndDevelopmentTaxCredit $323.00K USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-12.15M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-10.51M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $26.03M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-494.00K USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $5.99M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $7.06M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-10.36M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $6.04M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $106.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $1.02M USD 1 Quarter
Legal liabilities IncreaseDecreaseInLegalLiabilities $-750.00K USD 1 Quarter
Legal liabilities IncreaseDecreaseInLegalLiabilities - USD 1 Quarter
Lease liabilities IncreaseDecreaseInLeaseLiabilities $-1.20M USD 1 Quarter
Lease liabilities IncreaseDecreaseInLeaseLiabilities $-959.00K USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-14.16M USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-718.00K USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $-5.00K USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $31.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $13.39M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $19.36M USD 1 Quarter
Capital expenditures PaymentToCapitalExpenditures $6.81M USD 1 Quarter
Capital expenditures PaymentToCapitalExpenditures $5.00M USD 1 Quarter
Acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $69.72M USD 1 Quarter
Acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-74.72M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-6.81M USD 1 Quarter
Repayment of term loan RepaymentsOfLongTermDebt $1.44M USD 1 Quarter
Repayment of term loan RepaymentsOfLongTermDebt $1.44M USD 1 Quarter
Distributions paid to non-controlling interest holders PaymentsToMinorityShareholders $5.41M USD 1 Quarter
Distributions paid to non-controlling interest holders PaymentsToMinorityShareholders - USD 1 Quarter
Withholding tax paid on behalf of employees on stock-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.71M USD 1 Quarter
Withholding tax paid on behalf of employees on stock-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $9.32M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-7.15M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-16.17M USD 1 Quarter
Effects of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-4.26M USD 1 Quarter
Effects of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.12M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-13.85M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-60.39M USD 1 Quarter
Cash and cash equivalents and restricted cash, beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $407.04M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $393.19M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $369.18M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $308.79M USD Point-in-time
Cash and cash equivalents and restricted cash, end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $407.04M USD Point-in-time
Cash and cash equivalents and restricted cash, end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $393.19M USD Point-in-time
Cash and cash equivalents and restricted cash, end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $369.18M USD Point-in-time
Cash and cash equivalents and restricted cash, end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $308.79M USD Point-in-time
Less restricted cash RestrictedCashEquivalents $4.24M USD Point-in-time
Less restricted cash RestrictedCashEquivalents - USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $388.95M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $402.56M USD Point-in-time
Cash and cash equivalents, end of the period CashAndCashEquivalentsAtCarryingValue $308.79M USD Point-in-time
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.44B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.50B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.45B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.47B USD Point-in-time
Net (loss) earnings ProfitLoss $-2.33M USD 1 Quarter
Net (loss) earnings ProfitLoss $23.75M USD 1 Quarter
Stock-based compensation expense StockIssuedDuringPeriodValueShareBasedCompensation $29.26M USD 1 Quarter
Stock-based compensation expense StockIssuedDuringPeriodValueShareBasedCompensation $18.04M USD 1 Quarter
Impact of Tax Receivable Agreement due to exchanges of Common Units AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityFromReorganizationTransactions $-200.00K USD 1 Quarter
Impact of Tax Receivable Agreement due to exchanges of Common Units AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityFromReorganizationTransactions $-31.39M USD 1 Quarter
Restricted stock units issued, net of shares withheld for taxes RestrictedStockValueSharesIssuedNetOfTaxWithholdings $-9.83M USD 1 Quarter
Restricted stock units issued, net of shares withheld for taxes RestrictedStockValueSharesIssuedNetOfTaxWithholdings $-5.71M USD 1 Quarter
Distribution to non-controlling interest holders NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $5.41M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $2.82M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-1.21M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.44B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.50B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.45B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.47B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net earnings (loss) ProfitLoss $-2.33M USD 1 Quarter
Net earnings (loss) ProfitLoss $23.75M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.82M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.21M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $2.82M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-1.21M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $22.54M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $491.00K USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $7.03M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $68.00K USD 1 Quarter
Comprehensive income (loss) attributable to Bumble Inc. shareholders ComprehensiveIncomeNetOfTax $15.51M USD 1 Quarter
Comprehensive income (loss) attributable to Bumble Inc. shareholders ComprehensiveIncomeNetOfTax $423.00K USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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