Rubicon Technologies, Inc. (RBTCW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
100 W MAIN STREET, SUITE 610 LEXINGTON, KY 40507 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 18,695 | 10,079 | 762 | |||
| Cash and cash equivalent | 18,695 | 10,079 | 762 | |||
| Receivables | 66,977 | 65,923 | ||||
| Prepaid expense | 13,305 | 10,466 | 512 | |||
| Contract with customer, asset, after allowance for credit loss | 76,621 | 55,184 | ||||
| Other current assets | 3,790 | 2,109 | ||||
| Other undisclosed current assets | 7,020 | |||||
| Total current assets: | 179,388 | 150,781 | 1,273 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 567 | 2,827 | ||||
| Property, plant and equipment | 1,425 | 2,644 | ||||
| Intangible assets, net (including goodwill) | 39,793 | 43,013 | ||||
| Goodwill | 32,132 | 32,132 | ||||
| Intangible assets, net (excluding goodwill) | 7,661 | 10,881 | ||||
| Other noncurrent assets | 2,114 | 4,764 | ||||
| Other undisclosed noncurrent assets | 321,417 | |||||
| Total noncurrent assets: | 43,899 | 53,248 | 321,417 | |||
| TOTAL ASSETS: | 223,287 | 204,029 | 322,691 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 142,466 | 119,886 | 96 | |||
| Accounts payable | 65,465 | 75,113 | ||||
| Accrued liabilities | 77,001 | 44,773 | 96 | |||
| Deferred revenue | 7,359 | 5,888 | ||||
| Debt | 71,121 | 3,771 | ||||
| Derivative instruments and hedges, liabilities | 9,375 | |||||
| Due to related parties | ✕ | ✕ | 103 | |||
| Other undisclosed current liabilities | 27,218 | 137,822 | ||||
| Total current liabilities: | 257,539 | 267,367 | 199 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 97,303 | 69,458 | ||||
| Long-term debt, excluding current maturities | 97,303 | 69,458 | ||||
| Liabilities, other than long-term debt, including: | 7,417 | 2,590 | ||||
| Deferred income tax liabilities | 197 | |||||
| Other liabilities | 3,395 | |||||
| Operating lease, liability | 1,826 | |||||
| Business combination, contingent consideration, liability | 142 | |||||
| Derivative instruments and hedges, liabilities | 3,683 | |||||
| Other undisclosed liabilities, other than long-term debt | 764 | |||||
| Other undisclosed noncurrent liabilities | 19,066 | 11,069 | ||||
| Total noncurrent liabilities: | 104,720 | 91,114 | 11,069 | |||
| Total liabilities: | 362,259 | 358,481 | 11,267 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (267,084) | (303,199) | (9,571) | |||
| Additional paid in capital | 127,716 | 34,658 | ||||
| Accumulated deficit | (394,804) | (337,875) | (9,571) | |||
| Other undisclosed equity, attributable to parent | 4 | 18 | 1 | |||
| Equity, attributable to noncontrolling interest | 128,112 | 148,747 | ||||
| Other undisclosed equity | 320,994 | |||||
| Total equity: | (138,972) | (154,452) | 311,423 | |||
| Other undisclosed liabilities and equity | ||||||
| TOTAL LIABILITIES AND EQUITY: | 223,287 | 204,029 | 322,691 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 697,582 | 675,388 | |||
| Cost of revenue | (647,631) | (647,833) | |||
| Cost of product and service sold | (647,631) | (5,723) | |||
| Gross profit: | 49,951 | 27,555 | |||
| Operating expenses | (99,510) | (258,943) | |||
| Other operating expense, net (Other Expenses) | (12,100) | ||||
| Other undisclosed operating income (loss) | 19,042 | (9,800) | |||
| Operating loss: | (30,517) | (253,288) | |||
| Nonoperating expense | (47,065) | (28,407) | |||
| Interest and debt expense | (18,234) | (16,900) | |||
| Loss from continuing operations before equity method investments, income taxes: | (95,816) | (298,595) | |||
| Other undisclosed income from continuing operations before income taxes | 18,234 | 16,900 | |||
| Loss from continuing operations before income taxes: | (77,582) | (281,695) | |||
| Income tax expense (benefit) | 3 | 76 | |||
| Loss from continuing operations: | (77,579) | (281,619) | |||
| Income from discontinued operations | |||||
| Other undisclosed net income | 52,622 | ||||
| Net loss: | (77,579) | (228,997) | |||
| Net income attributable to noncontrolling interest | 20,635 | 22,621 | |||
| Other undisclosed net income (loss) attributable to parent | (75,395) | ||||
| Net income (loss) attributable to parent: | (56,944) | (281,771) | |||
| Other undisclosed net income (loss) available to common stockholders, basic | 251,618 | ||||
| Net loss available to common stockholders, basic: | (56,944) | (30,153) | |||
| Other undisclosed net loss available to common stockholders, diluted | (22,621) | ||||
| Net loss available to common stockholders, diluted: | (56,944) | (52,774) | |||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net loss: | (77,579) | (228,997) | |||
| Comprehensive loss: | (77,579) | (228,997) | |||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 20,635 | 22,621 | |||
| Comprehensive loss, net of tax, attributable to parent: | (56,944) | (206,376) | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.