Rubicon Technologies (RBTC) AI Stock Analysis

• Market Cap: $3.63M
• Dividend Yield: N/A
• Average Volume (3M): 233.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.77
• Revenue Growth: -1.95%
• EPS Growth: 63.76%
• Country: US
• Employees: 340
• Sector: Technology
• Sector Strength: 45
• Industry: Industrial Goods
• EPS (TTM): -1.53
• Shares Outstanding: 68,914,540
• 10 Day Avg. Volume: 161,757
• 30 Day Avg. Volume: 233,784
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.01
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Rubicon Technologies is currently facing significant financial challenges with a negative equity position and ongoing operational losses. While there are some positive short-term technical indicators and recent corporate actions aimed at enhancing financial stability, the overall outlook remains cautious. The company's valuation is unattractive due to its negative earnings, and improvements in financial health and operational efficiency are critical for a better investment outlook.

Rubicon Technologies Business Overview & Revenue Model

Company Description

Rubicon Technologies (RBTC) is a technology company specializing in waste and recycling solutions. It operates in the sectors of environmental services and technology, providing innovative software platforms that help businesses, governments, and organizations manage their waste and recycling programs more efficiently. The company's core products and services include a cloud-based platform that connects customers with a network of independent waste haulers, offering data analytics, waste diversion, and sustainability solutions.

How the Company Makes Money

Rubicon Technologies makes money through a combination of subscription fees for its software platform, transaction fees from waste and recycling service arrangements, and value-added services such as data analytics and sustainability consulting. The company partners with businesses, municipalities, and other organizations to optimize their waste management processes, often helping them reduce costs and improve sustainability outcomes. Additionally, Rubicon may earn revenue through strategic partnerships with waste haulers and other service providers, leveraging its platform to facilitate efficient interactions and transactions between these parties.

Rubicon Technologies Financial Statement Overview

Summary

Rubicon Technologies faces significant financial challenges, with persistent losses and high leverage impacting overall stability and profitability. While there are some positive trends in revenue growth and free cash flow, the company must address its negative equity and improve operational efficiency to enhance its financial health.

Income Statement

Rubicon Technologies shows improving revenue trends over the years, but the company is still operating at a loss. The TTM data reveals a slight decline in total revenue compared to the previous annual period, with negative EBIT and EBITDA margins indicating ongoing operational challenges. Gross profit margin is low, and net profit margin is negative, highlighting profitability issues.

Balance Sheet

The balance sheet presents significant challenges with negative stockholders' equity, indicating potential insolvency issues. The company's high debt-to-equity ratio, due to negative equity, underscores financial risk. Despite some asset growth, the equity ratio remains negative, and the company is heavily leveraged, posing stability risks.

Cash Flow

The company's cash flow statement reflects ongoing issues with negative operating and free cash flow. Although there is some improvement in free cash flow growth rate from the previous year, the company struggles to generate positive cash flow from operations. The operating cash flow to net income ratio remains unfavorable, suggesting inefficiencies in cash generation.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
679.40M	697.58M	675.39M	583.05M	539.37M	509.40M
	Gross Profit
33.74M	49.95M	21.83M	17.25M	22.44M	17.55M
	EBIT
-35.97M	-30.52M	-253.29M	-72.61M	-51.40M	-55.69M
	EBITDA
-27.23M	-35.95M	-259.11M	-56.24M	-45.37M	-49.80M
	Net Income Common Stockholders
-10.14M	-56.94M	-30.15M	-73.15M	-58.58M	-60.44M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
761.61K	18.70M	10.08M	10.62M	6.02M	17.67M
	Total Assets
322.69M	225.43M	204.03M	175.64M	159.90M	182.67M
	Total Debt
0.00	169.15M	139.35M	109.03M	83.04M	55.06M
	Net Debt
-761.61K	150.45M	129.28M	98.41M	77.02M	37.40M
	Total Liabilities
11.27M	364.40M	358.48M	236.94M	181.09M	145.74M
	Stockholders Equity
311.42M	-172.81M	-303.20M	-61.30M	0.00	0.00
Cash Flow		Free Cash Flow
-56.20M	-67.70M	-132.44M	-63.86M	-32.99M	-66.46M
	Operating Cash Flow
-55.84M	-66.89M	-131.04M	-59.86M	-31.48M	-65.15M
	Investing Cash Flow
61.79M	-816.00K	-76.12M	-4.00M	-1.51M	-1.31M
	Financing Cash Flow
-18.03M	76.32M	206.62M	68.46M	21.34M	72.77M

Rubicon Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RBTC, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.08 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RBTC.

Rubicon Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WM	80 Outperform	$90.16B	33.46	36.24%	1.32%	8.01%	20.17%
RSG	75 Outperform	$72.36B	35.95	18.61%	0.95%	7.13%	18.68%
CLH	70 Outperform	$10.35B	25.89	16.69%	―	8.89%	6.76%
WCN	69 Neutral	$68.55B	82.18	7.94%	0.65%	12.88%	-19.09%
GFL	68 Neutral	$26.23B	―	-10.23%	0.12%	4.61%	-2848.30%
Sector *	58 Neutral	$21.35B	10.05	-19.26%	2.35%	5.02%	-22.63%
RBTC	46 Neutral	$3.63M	―	8.04%	―	-1.95%	63.76%

Rubicon Technologies Corporate Events

Rubicon Technologies Updates CFO Employment Agreement

Rubicon Technologies, Inc. announced that its subsidiary, Rubicon Technologies Holdings, LLC, has entered into an Amended and Restated Employment Agreement with Mr. Eric Thomas Bauer, the company’s Chief Financial Officer. The agreement corrects previous errors and clarifies the commencement date of Bauer’s employment, with no material changes to the terms of his employment, ensuring continuity in the company’s financial leadership.

Rubicon Technologies Appoints New CFO Eric Bauer

Rubicon Technologies, a leading provider in waste and recycling solutions, has appointed Eric Bauer as Chief Financial Officer, bringing his extensive experience in corporate leadership and environmental services to the company. Bauer, who previously served as CFO at Circulus Holdings, aims to drive sustainable solutions and operational excellence at Rubicon. His appointment is part of Rubicon’s strategy to scale operations and enhance its partner-centric approach, aligning with the company’s mission to improve efficiency and environmental outcomes.

Rubicon Technologies Announces Board Changes and Strategic Moves

In a series of significant changes, two board members, Paula Dobriansky and Paula Henderson, have resigned, with Jose Miguel Enrich and Michael Dulin appointed to the board. Enrich, a major shareholder, is linked to a $20 million stock purchase and a $68 million asset sale agreement involving the company’s technology business. The company has also updated its Series B Preferred Stock designations, indicating strategic financial maneuvers that could impact shareholders.

Rubicon Technologies Announces Strategic Refinancing and Equity Raise

Rubicon Technologies has announced a strategic refinancing of its existing debt facilities, alongside a $20 million preferred equity raise, led by Rodina Capital. This financial boost aims to strengthen Rubicon’s position, allowing the company to enhance its technology-driven waste and recycling solutions. With a focus on customer-centric services, Rubicon is set to expand its core offerings and innovative solutions, promising value and sustainability for stakeholders.