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S1Overview

BMBL

Bumble Inc

Communication ServicesConsumer InternetDatingTurnaround
$6.20+2.5%
Market Cap
$700M
SEC 10-K
P/E (TTM)
[awaiting: consensus]
via financials
Rev Growth YoY
-2.0%
-2%SEC filing
Gross Margin
70.0%
SEC filing
FCF Yield
18.6%
calculated
Upside to FV
vs fair value
Conviction
2/5
Founder-led dating platform under a 110-agent deep dive — a contrarian turnaround with subscriber-trend question marks.
Research Depth
ScreeningDeep DiveFull Model
Updated 21d ago

S2Thesis

Bumble is a contrarian turnaround: a 110-agent deep dive (Sprints 12–14) on a founder-led dating platform trading below 1× sales with a high FCF yield. Subscriber trends and competitive pressure from Match's portfolio are the swing factors — depth of research is high, conviction deliberately low.
Bull Case
Cash FlowHigh FCF yield; trades below 1× revenue.
BrandDifferentiated women-first brand with global reach.
Bear Case
GrowthRevenue declining; subscriber adds soft.
CompetitionMatch Group portfolio pressure.

S3Key Metrics

Market Cap
$700M
SEC 10-K
Enterprise Value
$980M
calculated
Revenue (TTM)
$1.05B
SEC filing
P/E (TTM)
[awaiting: consensus]
via financials
Forward P/E
11.0×
consensus
P/S (TTM)
0.7×
via financials
P/B
1.4×
via financials
EV/EBITDA
6.5×
calculated
PEG
calculated
Revenue Growth
-2.0%
SEC filing
Gross Margin
70.0%
SEC filing
Operating Margin
8.0%
SEC filing
Net Margin
-3.0%
SEC filing
Free Cash Flow
$130M
SEC filing
FCF Yield
18.6%
calculated
Debt / Equity
0.9×
SEC filing
Current Ratio
1.1×
SEC filing
Short Interest
[awaiting: exchange]
exchange
Institutional Own.
[awaiting: 13F]
13F
Insider Own.
[awaiting: proxy]
proxy
Shares Out.
113.0M
SEC filing
Float
90.0M
exchange

S4Valuation

Price vs Fair Value
Valuation pending
Scenario fair-value range awaiting model.
DCF Summary
DCF awaiting Phase 2+
Discounted cash-flow model is built once research reaches Deep Dive.
Deep Dive
Historical Multiples
Multiple history pending
This section is being deepened.
Peer Comparison
Peer set pending
Comparable companies awaiting selection.

S5Financials

Income statement pending
Awaiting SEC filing backfill.
Balance sheet pending
Awaiting SEC filing backfill.
Cash flow pending
Awaiting SEC filing backfill.
Awaiting filing backfill.

S6Catalysts

Catalyst calendar pending
Upcoming events awaiting research.

S7Risks

Risk matrix
RiskCategorySeverityProbabilityImpact on Thesis
Subscriber attritionExecutionMediumMediumRevenue decline must stabilize for the turnaround to work.

S8Technical Snapshot

Technical snapshot pending
Price levels and indicators awaiting data.
Deep Dive

S9Ownership & Insider Activity

Top Institutional Holders via 13F filings
13F holdings pending
Institutional holder detail awaiting filing.
Insider Activity
Insider transactions pending
This section is being deepened.

S10Peer Comparison

Peer set pending
Comparable companies awaiting selection.

S11Research Notes

2026-05-26Internal
110-agent deep dive
Sprints 12–14. High research depth, conviction kept low pending subscriber stabilization.