Bumble Inc. Files Q3 2024 10-Q
Ticker: BMBL · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 1830043
Sentiment: neutral
Topics: 10-Q, financials, share-repurchase, stock-compensation
TL;DR
Bumble's Q3 2024 10-Q is in: check financials, stock buybacks, and compensation plans.
AI Summary
Bumble Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates, including information on share repurchases under its program and stock compensation plans. Key financial data points from the third quarter of 2024 and comparative periods are presented.
Why It Matters
This filing provides investors with the latest financial snapshot of Bumble Inc., crucial for understanding the company's performance and strategic direction in the dating app market.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures, but the nature of the tech and dating industry can introduce inherent volatility.
Key Numbers
- Q3 2024 — Reporting Period (The primary period covered by the 10-Q filing.)
- 2023-09-30 — Comparative Period (Used for year-over-year comparisons of financial data.)
- 2024-01-01 to 2024-09-30 — Year-to-Date Period (Covers the first nine months of the fiscal year for specific financial items.)
Key Players & Entities
- Bumble Inc. (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-11-08 (date) — Filing date
- 1105 WEST 41ST STREET, AUSTIN, TX 78756 (address) — Company's business and mailing address
FAQ
What is the total amount of Additional Paid-In Capital as of June 30, 2023?
The filing indicates that Additional Paid-In Capital was a member of the financial statements for the period ending June 30, 2023.
What was the value of Treasury Stock - Common as of September 30, 2024?
The filing lists Treasury Stock - Common as a member for the period ending September 30, 2024.
When was the Share Repurchase Program for Common Class A stock initiated or last active?
The Share Repurchase Program for Common Class A stock is noted with a minimum member date of November 30, 2023, and activity within the period of January 1, 2024, to September 30, 2024.
What is the reporting period for Cost of Sales?
Cost of Sales is reported for the period from July 1, 2023, to September 30, 2023.
What is the date of Bumble Inc.'s Original Credit Agreement?
The Original Credit Agreement for Bumble Inc. is dated January 29, 2020.
Filing Stats: 4,549 words · 18 min read · ~15 pages · Grade level 16.1 · Accepted 2024-11-08 16:05:34
Key Financial Figures
- $0.01 — tered Class A common stock, par value $0.01 per share BMBL The Nasdaq Stock Mar
Filing Documents
- bmbl-20240930.htm (10-Q) — 3156KB
- bmbl-ex31_1.htm (EX-31.1) — 14KB
- bmbl-ex31_2.htm (EX-31.2) — 14KB
- bmbl-ex32_1.htm (EX-32.1) — 10KB
- bmbl-ex32_2.htm (EX-32.2) — 10KB
- bmbl-ex99_1.htm (EX-99.1) — 6KB
- 0000950170-24-124066.txt ( ) — 12952KB
- bmbl-20240930.xsd (EX-101.SCH) — 1946KB
- bmbl-20240930_htm.xml (XML) — 2489KB
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 31 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 47 Item 4.
Controls and Procedures
Controls and Procedures 47 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 48 Item 1A.
Risk Factors
Risk Factors 48 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 48 Item 5. Other Information 49 Item 6. Exhibits 50
—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) September 30, 2024 December 31, 2023 ASSETS Cash and cash equivalents $ 252,057 $ 355,642 Accounts receivable (net of allowance of $ 624 and $ 648 , respectively) 102,547 102,677 Other current assets 28,725 34,732 Total current assets 383,329 493,051 Right-of-use assets 13,303 15,425 Property and equipment (net of accumulated depreciation of $ 21,463 and $ 15,831 , respectively) 8,974 12,462 Goodwill 1,389,002 1,585,750 Intangible assets, net 764,406 1,484,290 Deferred tax assets, net 22,558 27,029 Other noncurrent assets 7,840 7,120 Total assets $ 2,589,412 $ 3,625,127 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ 6,830 $ 4,611 Deferred revenue 45,329 48,749 Accrued expenses and other current liabilities 125,083 185,799 Current portion of long-term debt, net 5,750 5,750 Total current liabilities 182,992 244,909 Long-term debt, net 612,231 615,176 Deferred tax liabilities, net 975 5,673 Payable to related parties pursuant to a tax receivable agreement 412,958 407,389 Other long-term liabilities 13,393 14,707 Total liabilities 1,222,549 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; 139,851,829 shares issued and 112,557,526 shares outstanding as of September 30, 2024; 138,520,102 shares issued and 130,687,629 shares outstanding as of December 31, 2023) 1,398 1,385 Class B common stock (par value $ 0.01 per share, 1,000,000 shares authorized; 20 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) — — Preferred stock (par value $ 0.01 ; authorized 600,000,000 shares; no shares issued and