Rubicon Technologies Inc. (RBT) 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)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,153 | 13,846 | 18,695 | 13,433 | 23,516 | 10,543 | |||
| Cash and cash equivalents | 8,153 | 13,846 | 18,695 | 13,433 | 23,516 | 10,543 | |||
| Receivables | 54,791 | 52,049 | 66,977 | 59,600 | 66,323 | 67,203 | |||
| Prepaid expense | 21,431 | 20,172 | 13,305 | 19,532 | 15,624 | 11,100 | |||
| Contract with customer, asset, after allowance for credit loss | 54,917 | 59,574 | 76,621 | 68,629 | 51,321 | 52,927 | |||
| Disposal group, including discontinued operation | 6,338 | ||||||||
| Other current assets | 2,811 | 3,915 | 3,790 | 4,168 | 1,970 | 2,614 | |||
| Other undisclosed current assets | 1,276 | ||||||||
| Total current assets: | 143,379 | 155,894 | 179,388 | 165,362 | 158,754 | 144,387 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,287 | 331 | 567 | 792 | 2,205 | 2,523 | |||
| Property, plant and equipment | 466 | 525 | 1,425 | 1,633 | 2,569 | 2,616 | |||
| Intangible assets, net (including goodwill) | 26,523 | 26,344 | 39,793 | 40,597 | 41,402 | 42,207 | |||
| Goodwill | 20,692 | 19,872 | 32,132 | 32,132 | 32,132 | 32,132 | |||
| Intangible assets, net (excluding goodwill) | 5,831 | 6,472 | 7,661 | 8,465 | 9,270 | 10,075 | |||
| Disposal group, including discontinued operation, noncurrent assets | 13,321 | ||||||||
| Other noncurrent assets | 1,661 | 1,912 | 2,114 | 2,043 | 2,505 | 2,637 | |||
| Total noncurrent assets: | 29,937 | 42,433 | 43,899 | 45,065 | 48,681 | 49,983 | |||
| TOTAL ASSETS: | 173,316 | 198,327 | 223,287 | 210,427 | 207,435 | 194,370 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 124,326 | 131,059 | 142,466 | 136,631 | 138,079 | 106,726 | |||
| Accounts payable | 61,412 | 75,799 | 65,465 | 52,965 | 72,032 | 82,175 | |||
| Accrued liabilities | 62,914 | 55,260 | 77,001 | 83,666 | 66,047 | 24,551 | |||
| Deferred revenue | 1,229 | 1,415 | 7,359 | 6,524 | 7,397 | 6,037 | |||
| Debt | 52,179 | 71,978 | 71,121 | 65,477 | 46,198 | 4,205 | |||
| Derivative instruments and hedges, liabilities | 8,825 | 10,349 | 9,375 | 8,428 | 5,684 | 2,887 | |||
| Disposal group, including discontinued operation | 8,117 | ||||||||
| Other undisclosed current liabilities | 60,647 | 3,095 | 27,218 | 27,427 | 31,666 | 123,356 | |||
| Total current liabilities: | 247,206 | 226,013 | 257,539 | 244,487 | 229,024 | 243,211 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,422 | 85,621 | 97,303 | 76,818 | 80,276 | 64,225 | |||
| Long-term debt, excluding current maturities | 1,422 | 85,621 | 97,303 | 76,818 | 80,276 | 64,225 | |||
| Liabilities, other than long-term debt | 3,727 | 4,579 | 7,417 | 5,596 | 10,267 | 1,297 | |||
| Deferred income tax liabilities | 197 | ||||||||
| Other liabilities | 2,640 | 3,015 | 3,395 | ||||||
| Operating lease, liability | 1,087 | 60 | 903 | 1,297 | |||||
| Business combination, contingent consideration, liability | 142 | ||||||||
| Derivative instruments and hedges, liabilities | 1,564 | 3,683 | 5,536 | 9,364 | |||||
| Other undisclosed noncurrent liabilities | 17,630 | 17,057 | 16,193 | 16,706 | 25,885 | ||||
| Total noncurrent liabilities: | 22,779 | 107,257 | 104,720 | 98,607 | 107,249 | 91,407 | |||
| Total liabilities: | 269,985 | 333,270 | 362,259 | 343,094 | 336,273 | 334,618 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (118,248) | (142,698) | (267,084) | (262,958) | (261,648) | (282,673) | |||
| Additional paid in capital | 266,189 | 267,772 | 127,716 | 118,884 | 92,532 | 58,312 | |||
| Accumulated deficit | (384,444) | (410,475) | (394,804) | (381,845) | (354,207) | (341,004) | |||
| Other undisclosed equity, attributable to parent | 7 | 5 | 4 | 3 | 27 | 19 | |||
| Equity, attributable to noncontrolling interest | 5,918 | 7,755 | 128,112 | 130,291 | 132,810 | 142,425 | |||
| Total equity: | (112,330) | (134,943) | (138,972) | (132,667) | (128,838) | (140,248) | |||
| Other undisclosed liabilities and equity | 15,661 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 173,316 | 198,327 | 223,287 | 210,427 | 207,435 | 194,370 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 163,147 | 163,062 | 170,663 | 171,257 | 174,564 | 181,098 | ||
| Cost of revenue | (158,468) | (154,402) | (156,991) | (157,290) | (162,162) | (171,188) | ||
| Gross profit: | 4,679 | 8,660 | 13,672 | 13,967 | 12,402 | 9,910 | ||
| Operating expenses | (16,888) | (20,642) | (26,021) | (23,389) | (22,500) | (27,600) | ||
| Other operating expense, net (Other Expenses) | (600) | (600) | ||||||
| Other undisclosed operating income (loss) | (2,332) | (1,088) | 9,344 | (2,903) | (2,747) | 15,948 | ||
| Operating loss: | (14,541) | (13,670) | (3,005) | (12,325) | (12,845) | (2,342) | ||
| Nonoperating expense | (15,356) | (2,802) | (12,185) | (17,832) | (9,955) | (7,093) | ||
| Other nonoperating expense | (666) | (951) | (1,116) | (482) | (421) | |||
| Interest and debt expense | (8,000) | (10,900) | (9,348) | (6,783) | (7,800) | |||
| Loss from continuing operations before equity method investments, income taxes: | (37,897) | (27,372) | (15,190) | (39,505) | (29,583) | (17,235) | ||
| Other undisclosed income from continuing operations before income taxes | 8,000 | 10,900 | 9,348 | 6,783 | 7,800 | |||
| Loss from continuing operations before income taxes: | (29,897) | (16,472) | (15,190) | (30,157) | (22,800) | (9,435) | ||
| Income tax expense (benefit) | (102) | (12) | 52 | (16) | (17) | (16) | ||
| Loss from continuing operations: | (29,999) | (16,484) | (15,138) | (30,173) | (22,817) | (9,451) | ||
| Income (loss) from discontinued operations | 57,337 | (669) | ||||||
| Net income (loss): | 27,338 | (17,153) | (15,138) | (30,173) | (22,817) | (9,451) | ||
| Net income attributable to noncontrolling interest | 479 | 1,437 | 2,179 | 2,519 | 9,615 | 6,322 | ||
| Other undisclosed net income (loss) attributable to parent | (479) | (1,437) | 18,456 | (2,519) | (9,615) | (6,322) | ||
| Net income (loss) attributable to parent: | 27,338 | (17,153) | 5,497 | (30,173) | (22,817) | (9,451) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (56,858) | 2,106 | (18,456) | 2,519 | 9,615 | 6,322 | ||
| Net loss available to common stockholders, basic: | (29,520) | (15,047) | (12,959) | (27,654) | (13,202) | (3,129) | ||
| Other undisclosed net loss available to common stockholders, diluted | (6,322) | |||||||
| Net loss available to common stockholders, diluted: | (29,520) | (15,047) | (12,959) | (27,654) | (13,202) | (9,451) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 27,338 | (17,153) | (15,138) | (30,173) | (22,817) | (9,451) | ||
| Comprehensive income (loss): | 27,338 | (17,153) | (15,138) | (30,173) | (22,817) | (9,451) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 479 | 1,437 | 2,179 | 2,519 | 9,615 | 6,322 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 27,817 | (15,716) | (12,959) | (27,654) | (13,202) | (3,129) | ||
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.