If you’ve been following the drama around fintech company Humbl Inc., you’re probably wondering if they’re on their last legs. The company hasn’t closed up shop yet, but warning signs are everywhere. Humbl is currently under immense financial strain, and many experts think bankruptcy could be right around the corner.
What’s Up With Humbl’s Finances?
So, here’s the situation: Humbl is burning through cash with no profit in sight. We’re talking about steady losses quarter after quarter—even after they cut some costs. Their most recent SEC 10-Q filing, which came out for the third quarter of 2024, spells out the trouble pretty plainly. The document literally says there’s “substantial doubt about the company’s ability to continue as a going concern.” In other words, Humbl’s finances are so shaky, it’s unclear how much longer they’ll be able to stay open.
Humbl has had a few bright spots, like growing their revenue over the past year, but the comeback stops there. All these gains were overshadowed by big operating losses and a cash crunch. Just last quarter, Humbl posted a net loss of more than $5.5 million, with a working capital deficit that makes it tough to pay everyday bills. Their total expenses have dropped a bit, but nothing suggests they’re close to breaking even, let alone showing a profit.
How’s Humbl Doing on the Stock Market?
Over the past year, Humbl’s stock performance has been, well, kind of a mess. The price has been wildly unpredictable, and the numbers just keep getting worse. It’s currently trading at around $0.0003 per share, which is about as low as you’ll see—like, penny-stock territory and then some.
If you’d picked up a handful of shares at the start of the year, you’d have seen the value drop almost 30%. That’s a huge blow for investors. Analysts looking at Humbl’s chart see lots of red flags and expect things could fall even further unless something big changes soon.
Investor sentiment isn’t exactly rosy, either. Most traders are treating Humbl like a gamble, not a growth opportunity. There’s buzz on message boards, sure, but it’s mostly people swapping rumors and hoping for a surprise turnaround. For now, the overall mood is pretty bleak.
The Biggest Red Flags—And What They Mean
If you’re looking for warning signs that a company is in trouble, Humbl checks most of the boxes. First off, they’ve had operating losses for several quarters straight and there’s no real path to profitability. The working capital deficit is growing, which means basic financial obligations could become impossible to meet.
Then there are the bankruptcy odds—which, according to several well-known financial analysis sites, are sky high. Some sites track companies in distress and rank Humbl as having one of the highest risks of bankruptcy on the market today. The main reason? Their ongoing inability to generate enough gross income compared to peers.
It’s almost like Humbl has been running on borrowed time. Banks usually get nervous when they see trends like these. They want to know if a business can at least cover their debts with incoming cash. So far, the answer for Humbl seems to be no.
Recent Updates: Operational Changes and Delays
Humbl hasn’t been sitting still. The company has tried to pivot with a big rebranding push and some key changes to its core operations. Part of that included amending an asset purchase agreement, which led to delays in rolling out new branding. Rebranding can sometimes freshen up a struggling business, but it also tends to cost money—a problem if the balance sheet is already underwater.
Operationally, the company has tried to streamline how it runs things, but this hasn’t done much to restore belief among investors or customers. Instead, every delay and shift has likely fueled more skepticism about whether Humbl has a real plan.
Then there’s the general sense that Humbl is still searching for a winning formula. When a company is constantly changing its story, that’s not great for stability or trust in the brand. Customers notice when things keep getting reworked, and so do investors.
Where the Bankruptcy Risk Comes From
A few factors make the risk of bankruptcy more than just a distant concern. Look at Humbl’s core business—selling payment services and financial technology. They’re in a crowded industry, with tons of competitors. But here’s the thing: Humbl can’t generate enough gross income to make up for losses. That’s the basic problem.
When you stack Humbl up against other fintech start-ups, it’s clear they’re falling behind. Industry peers are either growing or at least breaking even. Meanwhile, Humbl keeps missing targets and burning through its cash reserves faster every quarter. That’s not sustainable.
One important metric that financial analysts use is gross margin, or how much a firm makes before overhead costs. Humbl’s gross margins are low, and nowhere near strong enough to cushion against all those recurring losses.
Is Revenue Growth a Silver Lining?
Here’s the twist—Humbl’s revenue has actually grown over the last year. If you looked at that stat on its own, you might think things were turning around. But all these extra sales haven’t made a dent in the operating losses or working capital deficit.
Revenue growth can be great, but it only matters if the company actually keeps more than it spends. Humbl’s expenses are still so high that each new dollar brought in is basically canceled out. It’s a bit like bailing water out of a sinking boat, only to watch it fill up again at the same pace.
Their market capitalization—basically, the total value of all their shares—is also very low. At under a million dollars, it reflects the lack of faith that investors have. Just a year ago, Humbl’s valuation was higher, and the slide since then shows how confidence has waned.
Investors are more skeptical every time they see another quarter end in the red. The cycle of hope and disappointment is wearing thin.
What Do the Pros Say About Humbl’s Chances?
When market watchers and financial experts weigh in, most agree that Humbl’s situation is “precarious.” No one’s ringing the closing bell just yet—the company is still technically in business. But key indicators from their own financial filings—and the way their stock is being traded—point to grim possibilities ahead.
For example, Humbl says in its own SEC filings that there’s “substantial doubt” they’ll be able to carry on much longer. If you follow those clues, you start to see why some independent analysts give Humbl such a low “survivability” rating.
Financial analysis sites that track bankruptcy risks have flagged Humbl’s numbers for months. Their models look at net operating losses, working capital, market cap, and more. They conclude that unless something drastic changes, bankruptcy is a high probability.
If you’re an investor looking for more detailed breakdowns, sites like Sera Business often provide deep dives into companies in trouble like Humbl. It’s helpful to see how experts dissect the financials—and how often Humbl’s story lines up with other companies that didn’t make it.
Could Humbl Turn Things Around?
It’s fair to ask if Humbl could still pull off a surprise recovery. Sometimes, companies on the brink manage a comeback with new leadership, a successful pivot, or even a big cash injection from investors. In Humbl’s case, though, the odds seem stacked against that scenario unless they can solve their core problems—like high expenses and negative cash flow.
Even if Humbl finds a way to stabilize its finances, rebuilding trust with both investors and customers would take time. They’d need to show several quarters of improvement to change the current, negative image.
Any potential rescue might depend on outside factors, too. If the market overall takes off, or if some unexpected partnership or acquisition comes along, Humbl could get some breathing room. But as things stand, most observers are watching for signs of a sale, restructuring, or possible bankruptcy filing.
The Takeaway Right Now
So, is Humbl going out of business? As of July 2025, they haven’t called it quits. The company is still technically running, but it’s under intense financial pressure. With persistent losses, a rock-bottom share price, and plenty of public warning about its future, the risk of bankruptcy is real.
For people holding shares or following Humbl’s next moves, the best thing is to keep an eye on new filings, financial updates, and industry news. That’s probably the only way to know if Humbl manages to steady the ship, or if we’re seeing the slow final chapters of a struggling start-up.
There’s no spin here—Humbl’s in a tough spot. Whether they find a way out, or ultimately close for good, remains to be seen. For now, the story is still unfolding—but every sign says it’s crunch time for this fintech underdog.