Bumble Inc. Files Q2 2024 10-Q
Ticker: BMBL · Form: 10-Q · Filed: Aug 8, 2024 · CIK: 1830043
Sentiment: neutral
Topics: 10-Q, financials, shareholder-equity, reporting
Related Tickers: BMBL
TL;DR
**Bumble's Q2 10-Q is in!** Check financials, stock details, and cost of sales for 2023-2024.
AI Summary
Bumble Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial information, including treasury stock, restricted shares, and cost of sales for various periods in 2023 and 2024. Key financial figures and share data are presented, with specific dates indicating reporting periods.
Why It Matters
This filing provides investors with the latest financial performance and position of Bumble Inc., crucial for understanding the company's health and future prospects.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the specific financial health and future performance are subject to market and operational risks.
Key Numbers
- 2024-06-30 — Reporting Period End Date (Latest financial data available)
- 2023-12-31 — Previous Fiscal Year End Date (Comparative financial data)
- 2024-08-08 — Filing Date (Date the report was submitted)
Key Players & Entities
- Bumble Inc. (company) — Filer
- 2024-06-30 (date) — Reporting Period End
- 2023-12-31 (date) — Previous Year End
- 2024-08-08 (date) — Filing Date
- 1105 WEST 41ST STREET, AUSTIN, TX 78756 (address) — Business and Mail Address
FAQ
What is the total cost of sales for the quarter ended June 30, 2023?
The filing indicates 'us-gaap:CostOfSalesMember' for the period '2023-04-01 2023-06-30', but the specific dollar amount is not provided in this excerpt.
What was the value of treasury stock as of December 31, 2023?
The filing references 'us-gaap:TreasuryStockCommonMember' for '2023-12-31', but the specific dollar amount is not detailed in this excerpt.
What is the company's fiscal year end?
Bumble Inc.'s fiscal year ends on December 31.
What is the company's SEC file number?
Bumble Inc.'s SEC file number is 001-40054.
What types of shares are mentioned in relation to share repurchase programs?
The filing mentions 'bmbl:ShareRepurchaseProgramMember' and 'us-gaap:CommonStockMember us-gaap:CommonClassAMember' for '2023-12-31'.
Filing Stats: 4,497 words · 18 min read · ~15 pages · Grade level 16.1 · Accepted 2024-08-08 16:06:24
Key Financial Figures
- $0.01 — tered Class A common stock, par value $0.01 per share BMBL The Nasdaq Stock Mar
Filing Documents
- bmbl-20240630.htm (10-Q) — 2911KB
- bmbl-ex10_1.htm (EX-10.1) — 170KB
- bmbl-ex31_1.htm (EX-31.1) — 13KB
- bmbl-ex31_2.htm (EX-31.2) — 13KB
- bmbl-ex32_1.htm (EX-32.1) — 10KB
- bmbl-ex32_2.htm (EX-32.2) — 10KB
- bmbl-ex99_1.htm (EX-99.1) — 6KB
- 0000950170-24-093910.txt ( ) — 12151KB
- bmbl-20240630.xsd (EX-101.SCH) — 1860KB
- bmbl-20240630_htm.xml (XML) — 2294KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 5 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Operations 6 Condensed Consolidated Statements of Comprehensive Operations 7 Condensed Consolidated Statements of Changes in Equity 8 Condensed Consolidated Statements of Cash Flows 12 Notes to Unaudited Condensed Consolidated Financial Statements 13 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 42 Item 4.
Controls and Procedures
Controls and Procedures 43 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 44 Item 1A.
Risk Factors
Risk Factors 44 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 44 Item 5. Other Information 45 Item 6. Exhibits 46
—FINANCI AL INFORMATION
PART I—FINANCI AL INFORMATION
. Financial Statements (Unaudited)
Item 1 . Financial Statements (Unaudited). Bumble Inc. Condensed Consolida ted Balance Sheets (In thousands, except share and per share information) (Unaudited) June 30, 2024 December 31, 2023 ASSETS Cash and cash equivalents $ 286,664 $ 355,642 Accounts receivable (net of allowance of $ 600 and $ 648 , respectively) 101,800 102,677 Other current assets 31,121 34,732 Total current assets 419,585 493,051 Right-of-use assets 13,264 15,425 Property and equipment (net of accumulated depreciation of $ 18,774 and $ 15,831 , respectively) 10,062 12,462 Goodwill 1,584,546 1,585,750 Intangible assets, net 1,455,658 1,484,290 Deferred tax assets, net 24,245 27,029 Other noncurrent assets 16,880 7,120 Total assets $ 3,524,240 $ 3,625,127 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ 5,839 $ 4,611 Deferred revenue 46,702 48,749 Accrued expenses and other current liabilities 117,902 185,799 Current portion of long-term debt, net 5,750 5,750 Total current liabilities 176,193 244,909 Long-term debt, net 613,194 615,176 Deferred tax liabilities, net 4,521 5,673 Payable to related parties pursuant to a tax receivable agreement 419,323 407,389 Other long-term liabilities 13,011 14,707 Total liabilities 1,226,242 1,287,854 Commitments and contingencies (Note 14) Shareholders' equity: Class A common stock (par value $ 0.01 per share, 6,000,000,000 shares authorized; 139,592,347 shares issued and 126,468,688 shares outstanding as of June 30, 2024; 138,520,102 shares issued and 130,687,629 shares outstanding as of December 31, 2023) 1,396 1,385 Class B common stock (par value $ 0.01 per share, 1,000,000 shares authorized; 20 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) — — Preferred stock (par value $ 0.01 ; authorized 600,000,000 shares; no shares issued and outstand