Rubicon Technologies Inc (N:RBT)

Sector:  Technology Industry:  Software
 
See Regulatory Filings on SEC
Company Contact
Address: 100 W Main Street, Suite 610
LEXINGTON KY 40507
Tel: N/A
Website: https://www.rubicon.com
IR: See website
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Key People
Nate Morris
Chairman of the Board, Founder
Kevin Schubert
President, Chief Financial Officer, Corporate Secretary
Phil Rodoni
Chief Executive Officer, Director
Business Overview
Rubicon Technologies, Inc. builds artificial intelligence (AI)-enabled technology products and provides sustainability solutions to waste generators, fleet operators, and material processors to help them understand, manage, and reduce waste. The Company is a provider of cloud-based waste and recycling solutions for businesses, governments, and organizations worldwide. The Company provides its waste generator customers with a platform that delivers transparency, self-service capabilities, and customer experiences. Its programs span cardboard (OCC), plastic, paper, metal, glass, pallets, electronics recycling, construction, and demolition (C&D), organics recycling (including food waste and composting services), grease and oil recycling, and single-stream recycling (SSR), among other adjacent services. The Company also offers various solutions for haulers and recyclers, which include RUBICONPro App, RUBICONPro Pod, and RUBICONSelect.
Financial Overview
For the fiscal year ended 31 December 2023, Rubicon Technologies Inc revenues increased 3% to $697.6M. Net loss increased 89% to $56.9M. Revenues reflect Service increase of 9% to $644.6M. Higher net loss reflects Net loss attributable to Holdings LLC un decrease from $229M (earnings) to $0K, Gain on change in fair value of earn-out decrease of 92% to $5.5M (income), Interest expense increase from $16.9M to $34.2M (expense).
Employees: 340 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $163.57M as of Dec 31, 2023
Annual revenue (TTM): $697.58M as of Dec 31, 2023
EBITDA (TTM): -$25.33M as of Dec 31, 2023
Net annual income (TTM): -$56.94M as of Dec 31, 2023
Free cash flow (TTM): -$67.71M as of Dec 31, 2023
Net Debt Last Fiscal Year: $149.73M as of Dec 31, 2023
Shares outstanding: 53,457,686 as of Mar 28, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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