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MARKETS / NASDAQ / Industrials / Water transportation / RUBI
NASDAQ · WATER TRANSPORTATION · SMALL CAP

Rubico Inc. RUBI

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$23.5M
▼ 2.8% YoY
$2.6M
▼ 55.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are an international owner and operator of two modern, fuel efficient eco, 157,000 dwt Suezmax tankers, the M/T Eco Malibu with an age of 4.9 years and the M/T Eco West Coast with an age of 5.0 years, each focusing on the transportation of crude oil. Both of our operating vessels are chartered by Clearlake. On July 15, 2025, prior to the consummation of the Spin-Off, we entered into a letter agreement (the “CSI Letter Agreement”) with our Fleet Manager, that detailed the terms on which any vessels we may acquire will be managed. Our Fleet Manager is a related party affiliated with the family of Mr. Evangelos J. Pistiolis, and our controlling shareholder is a trust established for the benefit of certain family members of Mr. Evangelos J. Pistiolis. As of the date of this Annual Report, both of our operating vessels are chartered on a time charter by Clearlake.

Written from the business description in Rubico Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 23 March 2026. Every sentence was checked against that document before publication.

Growth

USD 23.5M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 23.5 · Net income 2.6
10M20M
202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

11 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 52.7% · Net 11.2%
20%40%
202320242025
ROE
FY2025 · ROE 6.6%
5%10%15%
202320242025
Three returns, three denominators.
Gross margin·
Operating margin52.7%
Net margin11.2%
EBITDA·

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Dividends paid·
Net buybacks·
Share of profit·
Consecutive raises·

Total assetsUSD 134.1M
EquityUSD 45.8M
CashUSD 4.0M
Gross debtUSD 82.3M
Net debtUSD 78.3M
Current ratio0.70×

Net debt stands at 171% of equity.

The 3-year record

3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
RUBI, 3-year financial record
Metric 202520242023
Revenue $B0.00.00.0
Operating income $B0.00.00.0
EBITDA $B◌◌◌
Income tax $B◌◌◌
Net income $B0.00.00.0
EPS, diluted $49.07454.96507.54
Dividend / sh $◌◌◌
Payout % — not applicable: no dividend———
ROE %6.617.018.6
Shares out B0.000.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 10 reconciliationsAUDITED

Reconciled in 3 of the 3 fiscal years we could check. 34 checks were skipped: the balance sheet is not tagged before 2024. 16 checks were skipped: EPS is not tagged before 2023.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWater Transportation
Listed onNASDAQ
Incorporated inoutside the United States — SEC code 1T
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2023

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