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Rubicon Technologies, Inc.OTCPK:RBTC Stock Report

Market Cap US$83.6k
Share Price
US$0.0012
My Fair Value
n/a
1Y-98.2%
7D50.0%
1D
Portfolio Value
​
View

Rubicon Technologies, Inc.

OTCPK:RBTC Stock Report

Market Cap: US$83.6k

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Rubicon Technologies (RBTC) Stock Overview

A digital marketplace for waste and recycling services, provides cloud-based waste and recycling solutions to businesses and governments worldwide. More details

RBTC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

Rewards

Revenue grew by 0.2% over the past year

Risk Analysis

Does not have a meaningful market cap ($84K)

Highly volatile share price over the past 3 months compared to the US market

Negative shareholders equity

Latest financial reports are more than a year old


RBTC Community Fair Values

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Rubicon Technologies, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Rubicon Technologies
Historical stock prices
Current Share PriceUS$0.0012
52 Week HighUS$0.10
52 Week LowUS$0.0001
Beta2.23
1 Month Change100.00%
3 Month Change500.00%
1 Year Change-98.21%
3 Year Change-99.99%
5 Year Changen/a
Change since IPO-100.00%

Recent News & Updates

Recent updates

Analysis Article • Nov 18

Rubicon Technologies, Inc.'s (NYSE:RBT) Share Price Boosted 29% But Its Business Prospects Need A Lift Too

Rubicon Technologies, Inc. ( NYSE:RBT ) shareholders are no doubt pleased to see that the share price has bounced 29...
Seeking Alpha • Oct 05

Rubicon Technologies: A Mixed Bag Of Opportunities And Red Flags

Summary Rubicon Technologies presents an intriguing investment opportunity in waste management and recycling, with a broad customer base and global reach. A deep dive into their financial metrics reveals concerning issues, including declining recyclable commodity revenue, rising debts, and operational losses. Based on the analysis, it is recommended to avoid investing in RBT until the company shows signs of a turnaround. The company is quickly burning through cash and suffers from weak gross profit margins. Read the full article on Seeking Alpha
Seeking Alpha • Feb 21

Rubicon has a new chief financial officer

Rubicon Technologies (NYSE:RBT) announced today that the company’s president, Kevin Schubert, has been appointed CFO succeeding Jevan Anderson, effective immediately. Prior to serving as the company’s president, Schubert was company’s Chief Development Officer.
Seeking Alpha • Jan 04

Rubicon: High Tech Waste Management In Unfavorable Conditions

Summary RBT competes as a cloud-based solution in the digital marketplace for waste and recycling services. The company has been growing revenue at a strong pace but is now focusing on cutting costs. Even though the company operates in a recession-resistant sector, it'll likely trade like the high-tech stock it is in an unfavorable interest rate environment. I detail how investors should consider trading the stock as it stands today. Rubicon Technologies, Inc. (RBT) competes as a cloud-based solution in the waste management and recycling sector, marketing its solutions to businesses, governments, and organizations around the world. The company went public via a SPAC merger, and contrary to many such deals, it has a track record of growing significant revenue, in what should be over time, a disruptor to the waste management and recycling industries, similar to how cloud-based solutions in the real estate industry are bringing buyers and sellers together on an online platform. In the case of Rubicon, it provides a platform where those working in waste management and landfills can interact with businesses and government entities for the purpose of streamlining the supply chain within the sector. In this article, we'll look at some of the initial numbers after the company went public, and some of the things to consider if thinking of whether or not to take a position in Rubicon, including the implications of being considered a high-tech stock in an unfavorable interest rate environment. TradingView Latest earnings numbers Revenue in the third quarter of 2022 was $185 million, up 24 percent from the $149.2 million in revenue generated in the third quarter of 2021. Revenue from its Services segment was $162.8 million, and revenue from its Recyclable Commodity segment was $22.1 million. Revenue for the first nine months of 2022 was $506.4 million, up from the $420 million in revenue from the first nine months of 2021. Gross profit in the reporting period was $6.6 million, an increase of 16.7 percent from the $5.6 million gross profit generated in the third quarter of 2021. Adjusted gross profit was $14.1 million, an increase of 18.9 percent from the $11.9 million in adjusted gross profit generated in the third quarter of 2021. Net loss in the third quarter was $(211.1) million or $(0.37) per share, significantly more than the $(18.1) million in the third quarter of 2021. For the most part, that was from a one-off transaction-related expense. Adjusted EBITDA in the third quarter of 2022 was negative $(21.1) million, down from the negative $(13.3) million in the third quarter of 2021. Cash and cash equivalents at the end of the third quarter of 2022 was $4.46 million. Long-term debt at the end of the reporting period was $70 million. Revenue net retention in the reporting period was 118.3 percent, compared to 109 percent from the third quarter of 2021. Rubicon defines the metric "as a year-over-year comparison that measures the percentage of revenue recognized in the current quarter from customers retained from the corresponding quarter in the prior year." I do think that is a helpful metric that provides investors with a look at customer satisfaction within the context of the services offered by Rubicon. It offers a snapshot of revenue contraction or expansion to give a sense of whether or not the company is retaining or losing momentum. Unfavorable market conditions While Rubicon is a real company generating what looks to be a sustainable upward growth trajectory with revenue, it has to be taken in consideration that the timing of going public wasn't optimal under current market conditions, and it's likely to get punished going forward as the Federal Reserve still has its sights on raising interest rates in the near term. Why that matters is because the company is considered a high-tech growth stock by the market, and under a high interest rate environment stocks like this get hammered, as evidenced by the big hit high-growth tech stocks took in 2022, and are likely to continue to take in 2023; at least in the first half of the year. The other unknown in 2023 is whether or not the recession is going to last longer and go deeper, or if it's going to be a short-term headwind that unwinds in the second half of the year. The vast majority of top-level managers confirm they simply don't have the visibility or clarity at this time to know which direction the economy is going in 2023, and so are taking more of a defensive posture while working on increasing revenue. In other words, they're holding back on spend until there is a better understanding of how the economy is going to unfold over the next year or so. Considerations in trading the stock Even though waste management is usually considered recession-resistant, in the case of Rubicon that doesn't apply because of the high-tech nature of its business within the sector. And while the company has been around long enough to leave a historical record of growing revenue, it's doing so while continuing to lose money. For that reason, one of its major near-term goals is to start removing costs out of its operations even as it strives to win more business. Of course, scaling the business is one way of improving margins, but lowering expenses must be done in conjunction with that in order to move toward sustainable profitability. So when thinking in terms of trading the stock, it should be first considered a speculative play, as it balances generating revenue growth versus eventually producing a profit. The other consideration is it must prove it is able to retain existing customers while it expands its customer base. With the current high interest rate environment, which is unfavorable to companies like RBT, it is probably a better day trade or swing trade security than it is a long-term holding. Even though the stock price has plunged since it went public, it could easily fall much further when each interest rate hike is announced in the next couple of months, and possibly longer. My thought on interest rates is the Fed will probably continue to raise them to around 5 percent, or possibly a little higher before it starts to level off, primarily because of the impact it has on the ability of the U.S. to pay off its burgeoning debt load that is over $31 trillion at this time.
Seeking Alpha • Dec 07

Rubicon Technologies provides update on strategic plan

Rubicon Technologies (NYSE:RBT) said Wednesday provided an update on its strategic plan, aimed at accelerating its progress to profitability by improving margins and reducing operating costs. Actions taken include extending near-term debt maturities to December 2023, securing an additional $30M of fully committed equity capital, and simplifying capital structure through termination of forward purchase agreements with both Atalaya and Vellar. Rubicon (RBT) also cut costs by optimizing supplier costs and non-payroll general and administrative expenses, reducing workforce, and improving pricing.
Seeking Alpha • Nov 09

Rubicon Technologies GAAP EPS of -$0.37 misses by $0.23, revenue of $185M beats by $5.75M

Rubicon Technologies press release (NYSE:RBT): Q3 GAAP EPS of -$0.37 misses by $0.23. Revenue of $185M (+24.0% Y/Y) beats by $5.75M. Gross Profit in the third quarter was $6.6 million, 16.7% higher compared to the $5.6 million in the third quarter of 2021 and 20.7% higher compared to $5.5 million in the second quarter of 2022.
Seeking Alpha • Nov 02

Rubicon Technologies extends waste management contract with Walmart

Rubicon Technologies (NYSE:RBT) announced Tuesday it has signed a new two-year agreement with Walmart (WMT) for waste diversion alongside day-to-day waste and recycling collection at retailer's stores. The new agreement expands the long-standing relationship between the two companies to include the collection and recycling of plastic film in distribution centers, and the collection of landscaping and green waste. Earlier in the day, CVS, Walgreens, Walmart said to reach $12B opioid settlement (update)
Seeking Alpha • Oct 14

Rubicon Technologies names Phil Rodoni as CEO

Rubicon Technologies (NYSE:RBT) has announced that chief technology officer Phil Rodoni has been appointed by the Rubicon Board of Directors as CEO and a member of the Board, effective Oct. 13, 2022. Founding CEO Nate Morris will continue to serve as chairman of the board, director, and strategic advisor during this succession period. Osman Ahmed has been named as lead independent director.
Seeking Alpha • Sep 28

Rubicon Technologies achieves AWS Smart City Competency

Rubicon Technologies (NYSE:RBT) said Wednesday it achieved Amazon Web Services Smart City Competency. The designation recognizes RBT as an AWS partner that helps customers build and deploy innovative smart city solutions. RUBICONSmartCity is a cloud-based technology suite that helps municipal governments run faster and more effective waste, recycling, and heavy-duty municipal fleet operations.
Seeking Alpha • Aug 22

Rubicon Technologies reports Q2 results

Rubicon Technologies press release (NYSE:RBT): Q2 Gross profit of $5.45M Revenue of $164.6M (+19.6% Y/Y).

Shareholder Returns

RBTCUS SoftwareUS Market
7D50.0%-6.8%-2.9%
1Y-98.2%-9.3%23.5%

Return vs Industry: RBTC underperformed the US Software industry which returned 1.4% over the past year.

Return vs Market: RBTC underperformed the US Market which returned 11.4% over the past year.

Price Volatility

Is RBTC's price volatile compared to industry and market?
RBTC volatility
RBTC Average Weekly Movement1,224.1%
Software Industry Average Movement10.1%
Market Average Movement7.2%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: RBTC's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: RBTC's weekly volatility has increased from 995% to 1224% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008340Mike Dulinwww.rubicon.com

Rubicon Technologies, Inc., a digital marketplace for waste and recycling services, provides cloud-based waste and recycling solutions to businesses and governments worldwide. It provides solutions for waste generators, haulers, and recyclers. The company offers consultation and management services to customers for waste removal, waste management, logistics, and recycling solutions.

Rubicon Technologies, Inc. Fundamentals Summary

How do Rubicon Technologies's earnings and revenue compare to its market cap?
RBTC fundamental statistics
Market capUS$83.61k
Earnings (TTM)-US$34.01m
Revenue (TTM)US$686.82m
0.0x
P/S Ratio
0.0x
P/E Ratio

Is RBTC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RBTC income statement (TTM)
RevenueUS$686.82m
Cost of RevenueUS$645.75m
Gross ProfitUS$41.07m
Other ExpensesUS$75.08m
Earnings-US$34.01m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.49
Gross Margin5.98%
Net Profit Margin-4.95%
Debt/Equity Ratio-140.7%

How did RBTC perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/16 11:08
End of Day Share Price 2025/12/12 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Rubicon Technologies, Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maria RippsCanaccord Genuity
Brett KnoblauchCantor Fitzgerald & Co.
Hamzah MazariJefferies LLC