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 |
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 |