Rubico Inc. (RUBI) Income Statement
RUBI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRUBI revenue and net income
Where RUBI's revenue goes
2025Each bar shows an amount and its share of revenue. RUBI kept 11.2% of revenue as net income.
RUBI profit margins
RUBI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.8% | −1.7% | −31.5% | −15.4% |
| Gross profit | −3.5% | −1.2% | −32.0% | −18.0% |
| Operating income | −0.2% | −3.9% | — | — |
| Net income | −55.5% | −37.2% | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RUBI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.5M | $24.2M | $24.5M | $24.8M | $17.2M | $156.4M | $124.7M | $155.5M | $278.2M | $248.5M |
| Cost of revenue | $9.2M | $9.3M | $9.8M | $9.9M | $7.0M | $57.4M | $60.0M | $56.8M | $73.2M | $58.5M |
| Gross profit | $14.4M | $14.9M | $14.7M | $14.9M | $10.2M | $99.0M | $64.7M | $98.7M | $205.0M | $190.0M |
| Research & development | — | — | — | — | — | $40.3M | $37.9M | $47.5M | $51.2M | $42.1M |
| Sales, general & admin | $1.3M | $1.9M | $1.7M | $394,000 | $397,000 | $86.3M | $87.0M | $107.4M | $151.9M | $153.5M |
| Total operating expenses | $2.0M | $2.5M | $2.2M | $922,000 | $763,000 | $126.6M | $124.8M | $154.9M | $203.1M | $195.6M |
| Operating income | $12.4M | $12.4M | $12.4M | $14.0M | $9.5M | −$27.6M | −$60.2M | −$56.2M | $1.9M | −$5.6M |
| Interest income | $62,000 | $25,000 | $62,000 | $0 | $0 | — | — | — | — | — |
| Interest expense | $6.6M | $6.4M | $5.8M | $3.3M | $1.6M | — | — | — | — | — |
| Income before taxes | $2.6M | $5.9M | $6.6M | $10.7M | $7.8M | −$27.0M | −$61.5M | −$156.5M | −$22.9M | −$4.1M |
| Income taxes | — | — | — | — | — | −$1.5M | $357,000 | −$1.8M | −$4.9M | −$4.6M |
| Net income | $2.6M | $5.9M | $6.6M | $10.7M | $7.8M | −$25.5M | −$61.8M | −$154.8M | −$18.1M | $422,000 |
| EBITDA | $13.4M | $16.5M | $16.9M | $18.4M | $12.6M | $5.1M | −$26.1M | −$120.3M | $19.9M | $26.9M |
| EPS (diluted) | $6.89 | — | — | — | — | −$0.43 | −$1.22 | −$3.14 | −$0.38 | $0.01 |
| Gross margin | 61.0% | 61.5% | 59.9% | 60.1% | 59.6% | 63.3% | 51.9% | 63.5% | 73.7% | 76.5% |
| Operating margin | 52.7% | 51.3% | 50.8% | 56.4% | 55.1% | −17.6% | −48.3% | −36.1% | 0.7% | −2.3% |
| Net margin | 11.2% | 24.6% | 27.1% | 43.0% | 45.4% | −16.3% | −49.6% | −99.5% | −6.5% | 0.2% |
| Sep '20 | Jun '20 | Mar '20 | Dec '19 | Sep '19 | Jun '19 | Mar '19 | Dec '18 | Sep '18 | Jun '18 | Mar '18 | Dec '17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.0M | $42.3M | $36.3M | $48.5M | $37.6M | $37.9M | $32.4M | $41.4M | $29.7M | $28.6M | $24.9M | $31.4M |
| Cost of revenue | $21.0M | $21.5M | $14.0M | $13.3M | $13.9M | $15.1M | $15.1M | $15.5M | $14.7M | $15.0M | $14.8M | $15.5M |
| Gross profit | $40.0M | $20.8M | $22.3M | $35.2M | $23.8M | $22.8M | $17.3M | $25.9M | $15.0M | $13.6M | $10.1M | $15.9M |
| Research & development | $13.6M | $13.1M | $10.7M | $10.4M | $10.3M | $9.8M | $9.7M | $8.8M | $9.3M | $9.2M | $10.5M | $11.1M |
| Sales, general & admin | $35.1M | $35.8M | $22.3M | $23.8M | $20.2M | $21.5M | $20.9M | $19.6M | $20.0M | $22.6M | $24.8M | $24.7M |
| Total operating expenses | $48.6M | $48.9M | $33.0M | $34.2M | $30.5M | $31.4M | $30.6M | $28.4M | $29.3M | $31.8M | $35.3M | $35.8M |
| Operating income | −$8.7M | −$28.1M | −$10.7M | $986,000 | −$6.7M | −$8.6M | −$13.3M | −$2.5M | −$14.3M | −$18.2M | −$25.2M | −$19.8M |
| Income before taxes | −$10.1M | −$38.8M | −$9.9M | $580,000 | −$6.1M | −$8.2M | −$13.3M | −$2.1M | −$13.7M | −$17.9M | −$27.7M | −$24.1M |
| Income taxes | $446,000 | $288,000 | −$201,000 | −$943,000 | $55,000 | $84,000 | −$708,000 | $124,000 | $84,000 | $74,000 | $75,000 | −$252,000 |
| Net income | −$10.5M | −$39.1M | −$9.7M | $1.5M | −$6.2M | −$8.3M | −$12.5M | −$2.2M | −$13.8M | −$18.0M | −$27.8M | −$23.8M |
| EBITDA | $4.0M | −$24.3M | −$2.4M | $7.9M | $1.9M | $11,000 | −$4.6M | $6.9M | −$4.9M | −$9.0M | −$19.0M | −$15.0M |
| Gross margin | 65.5% | 49.1% | 61.4% | 72.5% | 63.2% | 60.2% | 53.4% | 62.6% | 50.6% | 47.5% | 40.6% | 50.7% |
| Operating margin | −14.2% | −66.3% | −29.6% | 2.0% | −17.7% | −22.7% | −41.0% | −6.0% | −48.0% | −63.6% | −101.3% | −63.2% |
| Net margin | −17.2% | −92.4% | −26.7% | 3.1% | −16.4% | −21.9% | −38.7% | −5.4% | −46.4% | −62.8% | −111.8% | −75.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RUBI's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RUBI financial results
In fiscal year 2025 (ended December 31, 2025), Rubico reported revenue of $23.5 million, down 2.8% from the year before. It had net income of $2.6 million (down 55.5%), a net profit margin of 11.2%. Diluted earnings per share came to $6.89. Over five years revenue grew at an average rate of −31.5% a year.
See the RUBI stock overview for the latest quote and news, or the RUBI chart for price history and technical indicators.
RUBI income statement FAQ
What is Rubico's annual revenue?
Rubico reported total revenue of $23.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 2.8% from $24.2 million the previous year.
Is Rubico profitable?
Yes. Rubico reported net income of $2.6 million in fiscal 2025, a net profit margin of 11.2%; its operating margin was 52.7%.
What is Rubico's gross margin?
Rubico's gross margin was 61.0% in fiscal 2025: for every $100 of revenue, Rubico kept $61 after the direct cost of its products and services.
How fast is Rubico growing?
Revenue grew −31.5% a year on average over the last five fiscal years, from $156.4 million to $23.5 million.
What are Rubico's earnings per share?
Rubico earned $6.89 per diluted share in fiscal 2025.
When does Rubico's fiscal year end?
Rubico's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.