# Bumble Inc. (BMBL)

> Source: Nexqual · https://nexqual.com/BMBL · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Bumble Inc. (BMBL), nexqual.com/BMBL" · informational, not investment advice.

## BMBL major shareholder filing: Schedule 13D/A, Oct 14, 2026
Whitney Wolfe Herd, Beehive Holdings II, LP, Beehive Holdings III, LP filed a Schedule 13D/A on Oct 14, 2026, reporting up to 14.70% of the class (more than 5% owner that may seek to influence the company). Item 4, Purpose of Transaction, quoted:

> with the following: The information set forth below in Item 6 of this Schedule 13D is incorporated by reference into this Item 4.

Source: https://www.sec.gov/Archives/edgar/data/1830043/000110465926115924/0001104659-26-115924-index.htm

**Price:** USD 5.96 (-0.33% on the day) · last close of Oct 28, 2026; US market pre market, not a live price. Prev close 5.98 · day 5.96–5.99 · 52w 2.44–6 · market cap $913M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $893M, net income -$518M (-58.0% margin) (SEC filings).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (10 analysts), mean target USD 4.32 (range 3–6.05).
- Total return with dividends: 1Y +7.6% vs S&P 500 +13.6%; 5Y -88.7% vs S&P 500 +79.8%.
- Next earnings: 2026-11-04, EPS estimate USD 0.22, revenue estimate $210M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $761M | $904M | $1.05B | $1.07B | $966M | $893M |
| Gross profit | $761M | $654M | $1.03B | $1.07B | $684M | — |
| Operating income | -$135M | -$103M | $53.4M | -$700M | -$806M | -$559M |
| Net income | $310M | -$79.7M | -$4.2M | -$557M | -$693M | -$518M |
| EPS (diluted) | $1.45 | -$0.62 | -$0.03 | -$4.61 | -$5.95 | — |
| Gross margin | 99.9% | 72.4% | 98.1% | 99.8% | 70.8% | — |
| Operating margin | -17.7% | -11.4% | 5.1% | -65.4% | -83.4% | -62.6% |
| Net margin | 40.7% | -8.8% | -0.4% | -52.0% | -71.8% | -58.0% |
| Revenue growth | — | +18.7% | +16.4% | +1.9% | -9.9% | — |
| Cash + short-term investments | $369M | $403M | $356M | $204M | $176M | — |
| Total debt | $639M | $633M | $627M | $621M | $591M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.0x · EV/Sales 1.4x · P/B 1.8x · Earnings yield -56.69% · Buyback yield (TTM) 0.00% · Net debt $321M · EV $1.23B

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 10 analysts; mean target USD 4.32 (low 3, high 6.05).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | UBS | Target raised | Neutral | $3 → $6.05 |
| 2026-08-12 | UBS | Target lowered | Neutral | $4.5 → $3 |
| 2026-08-07 | RBC Capital | Target lowered | Sector Perform | $5 → $4 |
| 2026-08-07 | Wells Fargo | Target lowered | Equal-Weight | $5 → $4 |
| 2026-08-07 | Susquehanna | Target lowered | Neutral | $3.5 → $3 |
| 2026-08-06 | Goldman Sachs | Target lowered | Neutral | $5 → $3.5 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +7.6% | -88.7% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +7.6% | -35.2% |
| Volatility (annualized) | 91.3% | 75.2% |
| Max drawdown | -55.0% (Oct 2025→Oct 2026) | -95.2% (Oct 2021→Sep 2026) |

## Peers (Internet Content & Information)
UPWK (Upwork Inc.) USD 9 -0.77% · WBTN (WEBTOON Entertainment Inc.) USD 9.52 +2.70% · WB (Weibo Corporation) USD 6.18 +0.00% · OPRA (Opera Limited) USD 18.64 +1.53% · DJT (Trump Media & Technology Group ) USD 5.97 -6.13% · GENI (Genius Sports Limited) USD 6.35 +0.47%

## More
Full page: https://nexqual.com/BMBL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BMBL's own 10-K filed 2026-03-16 (https://www.sec.gov/Archives/edgar/data/1830043/000183004326000027/bmbl-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Blackstone Inc. (BX) | "Prior to the IPO and the Reorganization Transactions, Bumble Holdings L.P., a Delaware limited partnership, was formed primarily as a vehicle to finance the acquisition (the "Sponsor Acquisition") of a majority stake in …" |
| Partner | Worldwide Vision | "Prior to the IPO and the Reorganization Transactions, Bumble Holdings L.P., a Delaware limited partnership, was formed primarily as a vehicle to finance the acquisition (the "Sponsor Acquisition") of a majority stake in …" |
| Competitor | Apple (AAPL) | "Platforms such as Apple have broad discretion to change their terms and conditions in ways that could limit, eliminate or otherwise interfere with our ability to use them as a registration method or to allow them to use …" |
| Competitor | Alphabet (Google) (GOOGL) | "These challenges may include the prevailing global economic climate, competition from alternative products, lack of appealing product features, enforcement of restrictive payment policies from in-app payment systems prov…" |

## Company outlook (8-K filed 2026-08-05)

- "Bumble anticipates the following results for the third quarter ending September 30, 2026: Third Quarter 2026: • Total Revenue in the range of $205 million to $213 million, which includes: o Bumble App Revenue of $167 million to $173 million. • Adjusted EBITDA of $56 million to $60 million."

Analysts expect $209.9M for the current quarter, +0.4% vs the guidance midpoint $209.0M. Source: https://www.sec.gov/Archives/edgar/data/1830043/000183004326000099/bmbl-ex991prxq22026.htm

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.22 | $0.23 | -4.3% | $209.9M | 2 |
| Next quarter (ends 2026-12-31) | $0.18 | $0.18 | +0.0% | $200.4M | 2 |
| Current fiscal year (ends 2026-12-31) | $0.35 | $0.95 | -63.2% | $834.0M | 2 |
| Next fiscal year (ends 2027-12-31) | $0.94 | $0.92 | +2.7% | $802.2M | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±1.7%; last 8 reports averaged ±20.3%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 6.2% | ±1.7% |
| 2026-12-18 | 50 | 3.9% | ±1.7% |
| 2027-01-15 | 78 | 3.3% | ±1.7% |
| 2027-04-16 | 169 | 3.8% | ±2.9% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $0.48 | $0.23 | Beat +108.7% | -11.1% |
| May 5, 2026 | Quarter ended Mar 31, 2026 | $0.31 | $0.26 | Beat +19.2% | -19.7% |
| Mar 11, 2026 | Quarter ended Dec 31, 2025 | $1.10 | $0.21 | Beat +423.8% | +35.6% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | $0.29 | $0.54 | Miss −46.3% | -19.4% |
| Aug 6, 2025 | — | — | — | — | -14.8% |
| May 7, 2025 | — | — | — | — | +26.7% |
| Feb 18, 2025 | — | — | — | — | -33.3% |
| Jan 17, 2025 | — | — | — | — | -2.1% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-20 | Schedule 13G | Glazer Capital, LLC, Paul J. Glazer: 7.1% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1830043/000107680926000124/0001076809-26-000124-index.htm |
| 2026-10-19 | Schedule 13G | Hilary L. Shane, Hilary L. Shane Revocable Trust: 5.1% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1830043/000147793226006325/0001477932-26-006325-index.htm |
| 2026-10-14 | Schedule 13D/A | Whitney Wolfe Herd, Beehive Holdings II, LP: 14.7% of shares, 5%+ holder that may seek to influence the company (amended) — “with the following: The information set forth below in Item 6 of this Schedule 13D is incorporated by reference into this Item…” | https://www.sec.gov/Archives/edgar/data/1830043/000110465926115924/0001104659-26-115924-index.htm |
| 2026-10-14 | Schedule 13D/A | BX Buzz ML-1 Holdco L.P., BX Buzz ML-2 Holdco L.P.: 12.0% of shares, 5%+ holder that may seek to influence the company (amended) — “by the following: On October 12, 2026, the Issuer entered into that certain Agreement and Plan of Merger (as the same may be amended, modified or restated in accordance with its terms, the "Merger Agreement"), by and among the Issuer, Buzz Holdings L.P., ("Opco"), Ithaca Holdco,…” | https://www.sec.gov/Archives/edgar/data/1830043/000119312526421973/0001193125-26-421973-index.htm |
| 2026-10-13 | 8-K | Entered a material agreement; Regulation FD disclosure — “Merger Agreement On October 12, 2026, Bumble Inc., a Delaware corporation (" Bumble " or the " Company "), entered into an Agreement and Plan of Merger (the " Merger Agreement ") by and among the Company, Buzz Holdings L.P., (" Opco "), a Delaware limited partnership, Ithaca Holdco, Inc., a Delaware corporation (" Ithaca "), Oak Merger Sub 1, Inc., a Delaware corporation and a wholly owned subsidiary of Ithaca (" Merger Sub 1 "), and Oak Merger Sub 2, LLC, a Delaware limited liability company and a wholly owned…” | https://www.sec.gov/Archives/edgar/data/1830043/000095010326015480/0000950103-26-015480-index.htm |
| 2026-09-30 | Schedule 13D/A | BX Buzz ML-1 Holdco L.P., BX Buzz ML-2 Holdco L.P.: 14.1% of shares, 5%+ holder that may seek to influence the company (amended) — “by the following: On September 28, 2026, the hedging period related to the third quarterly calculation period for the Forward Transactions ended, and the sales price for such quarterly calculation period was determined to be $2.9381 per share. On September 29, 2026, 3,767,776 of…” | https://www.sec.gov/Archives/edgar/data/1830043/000119312526409166/0001193125-26-409166-index.htm |
| 2026-08-06 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1830043/000183004326000104/0001830043-26-000104-index.htm |
| 2026-08-05 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1830043/000183004326000099/0001830043-26-000099-index.htm |
| 2026-07-27 | Schedule 13G | BlackRock, Inc.: 6.2% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1830043/000201238326002212/0002012383-26-002212-index.htm |
| 2026-07-02 | 8-K | Director or executive officer change, or pay arrangement — “(b) On June 29, 2026, Jonathan C. Korngold notified the Board of Directors (the "Board") of Bumble Inc. (the "Company" or "Bumble") of his decision to resign from the Board, effective as of June 30, 2026. Mr. Korngold's resignation coincides with his previously announced departure from Blackstone and his decision is not the result of any disagreement (i) with the Company, the Company's management, or any other member of the Board, or (ii) on any matter relating to the Company's operations, policies, or practices.…” | https://www.sec.gov/Archives/edgar/data/1830043/000119312526294479/0001193125-26-294479-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.