RUM Group revenue surges 290% to $96.6 million

RUM Group (NASDAQ:RUM) reported third-quarter 2026 revenue of US$96.6 million, up 290% year-over-year, as its Quake AI business contributed US$68.2 million in its first full quarter.

Revenue increased 139% sequentially and exceeded the upper end of management's guidance by 3.8%, supported by demand for its artificial intelligence infrastructure services.

The company reported its first profitable quarter on an adjusted EBITDA basis, marking a change in its operating performance.

Quake AI operated approximately 22,000 NVIDIA graphics processing units at around 85% utilization, while RUM Group's net loss attributable to the company widened to US$79,916,367 from US$16,261,762 a year earlier.

RUM Group forecast fourth-quarter 2026 revenue of US$88 million–US$94 million, while warning that some of its targeted 250-megawatt capacity for 2027 could be delayed beyond that year.

RUM Group operates digital media and artificial intelligence infrastructure businesses, with Quake AI contributing a growing share of its revenue through GPU-based computing services.

The company increased its ownership of Northern Data to approximately 98% and expects to acquire full ownership in early 2027 through squeeze-out proceedings, while a video business cost-reduction programme is expected to deliver savings through 2027.