RUBI on Nasdaq
Rubico Inc.
Rubico Inc. is a water transportation company, listed on Nasdaq (RUBI).1
Price unavailable
Last updated Oct 21, 2026.
Overview
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- TickerRUBI on Nasdaq1
- IndustryWater Transportation1
- Headquarters1T1
- Incorporated inMarshall Islands3
- Business addressVas Sofias 1 & Meg. Alexandrou, Athens3
- Filer categoryNon-accelerated filer, Emerging growth company3
- Legal formCorporation
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Yacht SPA to purchase Roman Explorer Inc., the company that will acquire ownership of the Newbuilding Yacht, as discussed further below.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs89¢$20.9M
- Profit11¢$2.6M
Out of $23.5M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$11.3M
Out of $11.3M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues (Note 15) | $23.5M | $24.2M | $24.5M |
| Voyage expenses (including $310, $302 and $295 respectively, to related party) (Note 5) | $596.0K | $495.0K | $508.0K |
| Vessel depreciation (Note 4) | $4.2M | $4.2M | $4.5M |
| Management fees-related party (Note 5) | $688.0K | $567.0K | $550.0K |
| General and administrative expenses (Note 5) | $1.3M | $1.9M | $1.7M |
| Operating income | $12.4M | $12.4M | $12.4M |
| Loss on derivative financial instruments | -$1.6M | $0 | $0 |
| Interest income | $62.0K | $25.0K | $62.0K |
| Total other expenses, net | -$9.8M | -$6.5M | -$5.8M |
| Net Income | $2.6M | $5.9M | $6.6M |
| Comprehensive income attributable to common shareholders | $2.6M | $5.9M | $6.6M |
| Earnings per common share, basic (in dollars per share) | $49.07 | $454.96 | $507.54 |
| Earnings per common share, diluted (in dollars per share) | $49.07 | $454.96 | $507.54 |
| Vessel operating expenses | $4.4M | $4.7M | $4.8M |
| Interest and finance costs | $8.3M | $6.5M | $5.9M |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.0M | $1.2M | $2.8M | |
| Prepayments and other | $788.0K | $127.0K | ||
| Trade accounts receivable | $1.0M | $229.0K | ||
| Due from related parties (Note 5) | $1.1M | $351.0K | ||
| Inventories | $194.0K | $176.0K | ||
| Total current assets | $7.0M | $2.0M | ||
| Vessels, net (Note 4) | $106.2M | $110.4M | ||
| Total fixed assets | $106.2M | $110.4M | ||
| Advances for asset acquisitions to related party (Note 5) | $19.5M | $0 | ||
| Deferred charges-related party | $432.0K | $0 | ||
| Restricted cash (Note 7) | $900.0K | $1.0M | ||
| Total non-current assets | $20.8M | $1.0M | ||
| Total assets | $134.1M | $113.4M | ||
| Current portion of long-term debt (Note 7) | $4.3M | $4.2M | ||
| Accounts payable | $2.8M | $901.0K | ||
| Accrued liabilities | $736.0K | $299.0K | ||
| Unearned revenue | $2.1M | $2.2M | ||
| Total current liabilities | $10.0M | $7.6M | ||
| Non-current portion of long-term debt (Note 7) | $77.9M | $71.6M | ||
| Unearned revenue, non-current | $330.0K | $102.0K | ||
| Total non-current liabilities | $78.3M | $71.7M | ||
| Total liabilities | $88.3M | $79.3M | ||
| Net Former Parent investment (Note 1) | $0 | $3.1M | ||
| Preferred stock, $0.01 par value; 20,000,000 shares authorized; of which 0 and 100,000 Series D Shares were outstanding at December 31, 2024 and 2025 respectively(Note 9) | $1.0K | $0 | ||
| Common stock, $0.01 par value, 1,000,000,000 shares authorized, 0 and 385,501 shares issued and outstanding at December 31, 2024 and 2025 respectively | $4.0K | $0 | ||
| Additional paid-in capital | $14.0M | $0 | ||
| Retained earnings | $31.8M | $31.0M | ||
| Total stockholders' equity | $45.8M | $34.1M | $35.7M | $54.7M |
| Total liabilities and stockholders' equity | $134.1M | $113.4M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 20.0M shares | |||
| Common stock, par value (in dollars per share) | $0.01 | |||
| Common stock, shares authorized (in shares) | 1.0B shares | |||
| Common stock, shares issued (in shares) | 385.5K shares | 0 shares | ||
| Common stock, shares outstanding (in shares) | 385.5K shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.0M | $1.2M | $2.8M | |
| Prepayments and other | $788.0K | $127.0K | ||
| Trade accounts receivable | $1.0M | $229.0K | ||
| Due from related parties (Note 5) | $1.1M | $351.0K | ||
| Inventories | $194.0K | $176.0K | ||
| Total current assets | $7.0M | $2.0M | ||
| Vessels, net (Note 4) | $106.2M | $110.4M | ||
| Total fixed assets | $106.2M | $110.4M | ||
| Advances for asset acquisitions to related party (Note 5) | $19.5M | $0 | ||
| Deferred charges-related party | $432.0K | $0 | ||
| Restricted cash (Note 7) | $900.0K | $1.0M | ||
| Total non-current assets | $20.8M | $1.0M | ||
| Total assets | $134.1M | $113.4M | ||
| Current portion of long-term debt (Note 7) | $4.3M | $4.2M | ||
| Accounts payable | $2.8M | $901.0K | ||
| Accrued liabilities | $736.0K | $299.0K | ||
| Unearned revenue | $2.1M | $2.2M | ||
| Total current liabilities | $10.0M | $7.6M | ||
| Non-current portion of long-term debt (Note 7) | $77.9M | $71.6M | ||
| Unearned revenue, non-current | $330.0K | $102.0K | ||
| Total non-current liabilities | $78.3M | $71.7M | ||
| Total liabilities | $88.3M | $79.3M | ||
| Net Former Parent investment (Note 1) | $0 | $3.1M | ||
| Preferred stock, $0.01 par value; 20,000,000 shares authorized; of which 0 and 100,000 Series D Shares were outstanding at December 31, 2024 and 2025 respectively(Note 9) | $1.0K | $0 | ||
| Common stock, $0.01 par value, 1,000,000,000 shares authorized, 0 and 385,501 shares issued and outstanding at December 31, 2024 and 2025 respectively | $4.0K | $0 | ||
| Additional paid-in capital | $14.0M | $0 | ||
| Retained earnings | $31.8M | $31.0M | ||
| Total stockholders' equity | $45.8M | $34.1M | $35.7M | $54.7M |
| Total liabilities and stockholders' equity | $134.1M | $113.4M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 20.0M shares | |||
| Common stock, par value (in dollars per share) | $0.01 | |||
| Common stock, shares authorized (in shares) | 1.0B shares | |||
| Common stock, shares issued (in shares) | 385.5K shares | 0 shares | ||
| Common stock, shares outstanding (in shares) | 385.5K shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income | $2.6M | $5.9M | $6.6M |
| Vessel depreciation | $4.2M | $4.2M | $4.5M |
| Amortization and write-off of deferred financing costs | $1.4M | $195.0K | $713.0K |
| Offering costs expensed attributable to warrants treated as liability (Note 9,12) | $658.0K | $0 | $0 |
| Debt Prepayment fees (Note 7, 12) | $941.0K | $0 | $0 |
| Loss on derivative financial instruments | $1.6M | $0 | $0 |
| Inventories | -$18.0K | $26.0K | -$31.0K |
| Trade accounts receivable | -$795.0K | -$229.0K | $5.0K |
| Prepayments and other | -$661.0K | $54.0K | -$117.0K |
| Due from related parties | -$727.0K | -$351.0K | $0 |
| Accounts payable | $1.7M | $753.0K | -$180.0K |
| Accrued liabilities | $303.0K | $36.0K | $0 |
| Unearned revenue | $121.0K | -$111.0K | $303.0K |
| Net Cash provided by Operating Activities | $11.3M | $10.5M | $11.8M |
| Advances for asset acquisitions and related deferred charges | -$19.9M | $0 | $0 |
| Net Cash used in Investing Activities | -$19.9M | $0 | $0 |
| Proceeds from debt | $84.0M | $0 | $82.0M |
| Net payments to Former Parent company | -$5.0M | -$7.6M | -$25.6M |
| Principal payments of debt | -$4.2M | -$4.4M | -$5.0M |
| Prepayment of debt | -$73.6M | $0 | -$61.1M |
| Payment of financing costs | -$1.1M | -$169.0K | -$1.7M |
| Proceeds from related party debt | $20.5M | $0 | $0 |
| Prepayment of related party debt | -$20.5M | $0 | $0 |
| Payment of debt Prepayment fees (Note 7, 12) | -$736.0K | $0 | $0 |
| Payment of debt Prepayment fees-related party (Note 7, 12) | -$205.0K | $0 | $0 |
| Proceeds from equity offerings, gross | $13.7M | $0 | $0 |
| Equity issuance costs (Note 9) | -$1.5M | $0 | $0 |
| Net Cash (used in)/provided by Financing Activities | $11.3M | -$12.1M | -$11.4M |
| Net increase/(decrease) in cash and cash equivalents and restricted cash | $2.7M | -$1.6M | $361.0K |
| Finance fees included in Accounts payable/Accrued liabilities/Due to related parties | $4.0K | $0 | $143.0K |
| Equity issuance costs included in Accounts payable/Accrued liabilities/Due to related part | $340.0K | $0 | $0 |
| Interest paid | $5.0M | $6.2M | $5.3M |
No quarter-by-quarter statement was filed.
Corporate structure
Rubico Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Rubico Inc.
- Trillium Trading, LLC Filed SCHEDULE 13G/A on Rubico Inc., latest Jun 12, 2026 (2 filings since Jun 11, 2026)
- L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on Rubico Inc., latest Feb 17, 2026 (2 filings since Nov 13, 2025)
- Arena Investors Filed SCHEDULE 13G/A on Rubico Inc., latest Feb 13, 2026 (2 filings since Nov 14, 2025)
- Family Trading Inc. Filed SCHEDULE 13D/A on Rubico Inc., latest Nov 17, 2025 (5 filings since Aug 8, 2025)
- Rubico Inc. 1T
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Rubico Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $106.2M2 Dec 31, 2025 | $110.4M2 Dec 31, 2024 | −3.8% |
Investments
Inventory
Leadership
Who has led Rubico Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerKalliopi Ornithopoulou Apr 1, 2026 to now5
- ChairKalliopi Ornithopoulou Apr 1, 2026 to now5
- PresidentKalliopi Ornithopoulou Apr 1, 2026 to now5
- Chief financial officerNikolaos Papastratis Apr 1, 2026 to now6
Board members and other officers (4)
- Board memberAristovoulos Christinis Apr 1, 2026 to now7
- Board memberGeorgios Daskalakis Apr 1, 2026 to now8
- Board memberGeorgios Xiradakis Apr 1, 2026 to now9
- Board memberNikolaos Papastratis Apr 1, 2026 to now6
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- Central Tactical Acquisitions Inc.Sep 9, 2022 to Jan 10, 20233
Timeline
- Apr 1, 2026New chief executive Kalliopi Ornithopoulou becomes CEO5
Filings
195 filings to the SEC since October 2021: 1 annual reports, 7 insider forms, 11 large holders, 1 private raises, 175 other. The latest 20:
- Oct 15, 2026424B3 EDGAR
- Oct 15, 20266-K EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 6, 20266-K EDGAR
- Sep 28, 2026424B3 EDGAR
- Sep 28, 20266-K EDGAR
- Sep 21, 2026424B3 EDGAR
- Sep 21, 20266-K EDGAR
- Sep 17, 2026424B3 EDGAR
- Sep 17, 20266-K EDGAR
- Aug 17, 2026424B3 EDGAR
- Aug 17, 20266-K EDGAR
- Aug 14, 20266-K EDGAR
- Aug 7, 20266-K EDGAR
- Aug 5, 2026424B5 EDGAR
- Jul 31, 20266-K EDGAR
- Jul 24, 2026424B3 EDGAR
- Jul 24, 20266-K EDGAR
- Jul 16, 2026424B3 EDGAR
- Jul 16, 2026424B3 EDGAR
The 195 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 1 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 12, 2026 | HRT FINANCIAL LP10% owner | Sale | 551,020 | $0.95 | $523.5K | Form 4 |
| Jun 11, 2026 | HRT FINANCIAL LP10% owner | Buy | 484,963 | $0.81 | $392.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Trillium Trading, LLCSCHEDULE 13G/A, 2 filings Jun 11, 2026 to Jun 12, 202611
- L1 Capital Global Opportunities Master Fund, Ltd.SCHEDULE 13G/A, 2 filings Nov 13, 2025 to Feb 17, 202612
- Arena InvestorsSCHEDULE 13G/A, 2 filings Nov 14, 2025 to Feb 13, 202613
- Family Trading Inc.SCHEDULE 13D/A, 5 filings Aug 8, 2025 to Nov 17, 202514
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How Rubico Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARRubico Inc.1
- CIK0001943421
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inMarshall Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)4400 Water Transportation1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressVas Sofias 1 & Meg. Alexandrou, Athens, Greece1
- Phone30 21081281801
- Shares outstanding385,501 shares; 100,000 Series D Preferred Stock shares as of Dec 31, 20254
- AuditorDeloitte Certified Public Accountants S.A., Athens, Greece PCAOB ID 1163; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceSep 9, 20221
- Filings195 in all: 424B3 (69), 6-K (38), CORRESP (12), EFFECT (7), UPLOAD (7), 3 (6), F-1 (6), F-1/A (6)1
All 30 form types
DRS (5), DRS/A (5), F-1MEF (5), SCHEDULE 13D/A (4), 424B4 (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), DRSLTR (2), 20-F (1), 20FR12B (1), 20FR12G (1), 4 (1), 424B5 (1), CERT (1), D (1), F-3 (1), F-3/A (1), FWP (1), POS AM (1), RW (1), SCHEDULE 13D (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (20-F) Mar 23, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Shares of common stock, par value $0.01 per share | RUBI | Nasdaq |
From the cover page of the 20-F filed Mar 23, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARRubico Inc. filings on SEC EDGAR
- 2SEC EDGARRubico Inc. 10-K for fiscal 2025
- 3SEC EDGARRubico Inc. filings on SEC EDGAR
- 4
- 5
- 6
- 7
- 8SEC EDGARGeorgios Daskalakis, Board member
- 9SEC EDGARGeorgios Xiradakis, Board member
- 10
- 11
- 12
- 13
- 14