RUMRUM Group Inc.
Services-Computer Programming, Data Processing, Etc.
- Revenue
- $101M
- 5.4% YoY
- Operating margin
- -125.9%
- 8.1% YoY
- EBITDA
- −$112M
- 4.4% YoY
- Market cap
- $1.4B
- Employees
- 156
- $645K revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 6.3
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCYes24% of revenueOver 10% of revenue
- Payouts exceed cash flowNo-745% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo20% of assetsOver 40% of assets
- Shareholder dissentNo81% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$645K · 66th pctBottom quartile of its SIC industry
- Quiet on AINo6.3 per 10K words · 86th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$46M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $9M | $39M | $81M | $95M | $101M | 5.4% |
| Operating income | −$11M | −$36M | −$136M | −$131M | −$127M | 3.2% |
| Net income | −$13M | −$11M | −$116M | −$338M | −$82M | 76% |
| Operating cash flow | −$5M | −$32M | −$93M | −$87M | −$70M | 19% |
| Capex | — | $9M | $15M | $3M | $4M | 52% |
| Stock-based comp | $1M | $2M | $16M | $22M | $24M | 11% |
| Buybacks | — | $11M | — | — | $525M |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 4, 2026 | Tether Global Investments Fund, S.I.C.A.F., S.A. | SCHEDULE 13D/A | 50.3% | Passive |
| Jun 22, 2026 | Tether Global Investments Fund, S.I.C.A.F., S.A. | SCHEDULE 13D/A | 48.7% | Passive |
| Nov 12, 2025 | Tether Holdings, S.A. de C.V. | SCHEDULE 13D/A | 30.5% | Passive |
| Aug 11, 2025 | Tether Holdings, S.A. de C.V. | SCHEDULE 13D/A | 97.8% | Passive |
| Mar 6, 2025 | Milnes Ryan | SCHEDULE 13D/A | 6.8% | Passive |
| Feb 11, 2025 | Hlibowicki Wojciech | SCHEDULE 13D/A | 2.4% | Passive |
| Feb 11, 2025 | Milnes Ryan | SCHEDULE 13D/A | 6.8% | Passive |
| Feb 11, 2025 | Arsov Robert | SCHEDULE 13D/A | 3.6% | Passive |
| Feb 11, 2025 | Alexandroff Brandon | SCHEDULE 13D/A | 2.7% | Passive |
| Feb 11, 2025 | Pavlovski Christopher | SCHEDULE 13D/A | 38.6% | Passive |
Insider trading
- Open-market buys, 12 mo
- $10M · 6
- Open-market sells, 12 mo
- $0 · 0
- Net
- $10M
Pay vs performance
No pay-versus-performance disclosure yet.