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Private company

Rubicon Technologies, Inc.

Rubicon Technologies, Inc. is a digital marketplace.1 It is headquartered in Lexington, Kentucky.1

Last updated Oct 21, 2026.

Overview

$697.6MRevenue, fiscal 20232
-$77.6MNet income, fiscal 20232
  • IndustryServices-Prepackaged Software1
  • HeadquartersLexington, Kentucky1
  • Incorporated inDE3
  • Business address100 W Main Street, Suite 610, Lexington, Ky 405073
  • Filer category, Emerging growth company3

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Founded in 2008, we are a digital marketplace for waste and recycling and provide cloud-based waste and recycling solutions to businesses and governments. As a digital challenger to status quo waste companies, we have developed and commercialized a proven, cutting-edge platform that brings transparency and environmental innovation to the waste and recycling industry, enabling customers and hauling and recycling partners to make data-driven decisions that can lead to more efficient and effective operations and yield more sustainable outcomes. Using proprietary technology in Machine Learning, Artificial Intelligence (“AI”), computer vision, and Industrial Internet of Things (“IoT”), for which we have secured more than 60 U.S. and international patents, we have built an innovative digital platform aimed at modernizing the outdated, approximately $1.6 trillion global waste and recycling indu…4 From its latest annual report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 2023

-4.4%Operating margin2
-11.1%Net margin2
3.3%Revenue growth, 20232
-$67.7MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development4¢$29.6M
  • Other costs91¢$633.7M
  • Interest5¢$34.2M
  • Income tax0¢$3.0K

Out of $697.6M in revenue.2 The company lost money this year.

Financial statements

Revenue52$697.6M in 2023+20% since 2021
0$200.0M$400.0M$600.0M$800.0M2021: $583.0M$583.0M20212022: $675.4M$675.4M2022+16%2023: $697.6M$697.6M2023+3%
Operating income52-$30.5M in 2023−58% since 2021
-$300.0M-$200.0M-$100.0M02021: -$72.6M-$72.6M20212022: -$253.3M-$253.3M2022+249%2023: -$30.5M-$30.5M2023−88%
Net income52-$77.6M in 2023+6% since 2021
-$300.0M-$200.0M-$100.0M02021: -$73.2M-$73.2M20212022: -$281.8M-$281.8M2022+285%2023: -$77.6M-$77.6M2023−72%
Fiscal year2020202120222023
Revenue$583.0M5$675.4M5$697.6M2
Cost of revenue$558.7M5$647.8M5
Research and development$37.5M2$29.6M2
Operating expenses$655.7M5$928.7M2$728.1M2
Operating income-$72.6M5-$253.3M2-$30.5M2
Interest$11.5M5$16.9M2$34.2M2
Income before tax-$74.8M5-$281.7M2-$77.6M2
Income tax$1.7M5$76.0K2-$3.0K2
Net income-$73.2M5-$281.8M5-$77.6M2
Earnings per share-$4.842-$2.502
Shares (weighted, basic)6.2M shares222.8M shares2

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Corporate structure

Rubicon Technologies, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Rubicon Technologies, Inc.

  • Of New Zealand Superannuation Guardians Filed SC 13G/A on Rubicon Technologies, Inc., latest Dec 11, 2024 (3 filings since Aug 25, 2022)
  • Palantir Technologies Filed SC 13G/A on Rubicon Technologies, Inc., latest Sep 13, 2024 (6 filings since Apr 10, 2023)
  • Mizzen Capital, LP Filed SC 13G/A on Rubicon Technologies, Inc., latest May 24, 2024 (3 filings since Apr 16, 2024)
  • Jose Miguel Enrich Filed SC 13D/A on Rubicon Technologies, Inc., latest May 7, 2024 (7 filings since Sep 13, 2022)
  • Moelis & Company Filed SC 13G/A on Rubicon Technologies, Inc., latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • YA II PN, Ltd. Filed SC 13G/A on Rubicon Technologies, Inc., latest Feb 14, 2024 (3 filings since Sep 2, 2022)
  • Vellar Opportunities Fund Master, Ltd. Filed SC 13G/A on Rubicon Technologies, Inc., latest Apr 6, 2023 (3 filings since Aug 11, 2022)
  • Beryl Capital Management LLC Filed SC 13G/A on Rubicon Technologies, Inc., latest Feb 13, 2023 (2 filings since Feb 11, 2022)
  • Weiss Asset Management LP Filed SC 13G/A on Rubicon Technologies, Inc., latest Feb 3, 2023 (2 filings since Feb 7, 2022)
  • Atalaya Capital Management LP Filed SC 13G/A on Rubicon Technologies, Inc., latest Dec 5, 2022 (2 filings since Aug 16, 2022)
  • RGH, Inc. Filed SC 13D on Rubicon Technologies, Inc., latest Aug 23, 2022
  • Barclays Filed SC 13G on Rubicon Technologies, Inc., latest Feb 14, 2022
  • Rubicon Technologies, Inc. Lexington, Kentucky

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Rubicon Technologies, 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

ItemLatestA year beforeChange
Property and equipment, before depreciation$5.9M2 Dec 31, 2023$10.7M2 Dec 31, 2022−45.4%
Accumulated depreciation$4.4M2 Dec 31, 2023$8.1M2 Dec 31, 2022−45.2%
Property and equipment, net$1.4M2 Dec 31, 2023$2.6M2 Dec 31, 2022−46.1%
Operating-lease assets (leased space)$567.0K2 Dec 31, 2023$2.8M2 Dec 31, 2022−79.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$18.7M2 Dec 31, 2023$10.1M2 Dec 31, 2022+85.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$32.1M2 Dec 31, 2023$32.1M2 Dec 31, 20220%
Intangible assets, net (excluding goodwill)$7.7M2 Dec 31, 2023$10.9M2 Dec 31, 2022−29.6%
Indefinite-lived intangibles (excluding goodwill)$1.1M5 Dec 31, 2022$1.0M5 Dec 31, 2021+10.0%
Finite-lived intangibles, gross$25.4M2 Dec 31, 2023$25.4M2 Dec 31, 20220%
Accumulated amortization$18.6M2 Dec 31, 2023$15.4M2 Dec 31, 2022+20.9%
Finite-lived intangibles, net$6.8M2 Dec 31, 2023$10.0M2 Dec 31, 2022−32.1%

Leadership

Who has led Rubicon Technologies, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Osman Ahmed2021
  2. Nathaniel Morris2022
  3. Philip Rodoni2022–2023

President

  1. Kevin Michael Schubert2022–2024

Chief financial officer

  1. Manpreet Singh2021
  2. Jevan Anderson2022
  3. Kevin Michael Schubert2023–2024
2025
Board members and other officers (18)

Former names

  • Founder SPACJun 2, 2021 to Aug 12, 20223

Timeline

  1. Dec 12, 20248-K Executive or director change32
  2. Dec 9, 20248-K Executive or director change; Regulation FD disclosure33
  3. Dec 6, 20248-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights34
  4. Dec 3, 20248-K Regulation FD disclosure35
  5. Nov 21, 20248-K Change of auditor36
  6. Sep 24, 20248-K Change of auditor37
  7. Jul 1, 20248-K Executive or director change; Regulation FD disclosure38
  8. Jun 10, 20248-K Shareholder vote39
  9. May 30, 20248-K Executive or director change40
  10. May 20, 20248-K Results of operations41
  11. May 17, 20248-K Earlier financial statements no longer reliable42
  12. May 7, 20248-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights43
  13. Oct 25, 2022New chief executive Philip Rodoni becomes CEO11
  14. Aug 15, 2022New chief executive Nathaniel Morris becomes CEO10
  15. Oct 14, 2021New chief executive Osman Ahmed becomes CEO12

Calendar

When it reported results

  1. May 20, 2024Reported quarterly or annual results41
  2. Mar 7, 2024Reported quarterly or annual results44
  3. Nov 8, 2023Reported quarterly or annual results45
  4. Aug 8, 2023Reported quarterly or annual results46
  5. May 22, 2023Reported quarterly or annual results47
  6. Mar 9, 2023Reported quarterly or annual results48
  7. Nov 9, 2022Reported quarterly or annual results49
  8. Aug 23, 2022Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

344 filings to the SEC since October 2021: 5 annual reports, 10 quarterly reports, 61 major events, 100 insider forms, 40 large holders, 128 other. The latest 20:

  1. Jan 28, 2025EFFECT EDGAR
  2. Jan 27, 2025POS AM EDGAR
  3. Jan 24, 2025S-8 POS EDGAR
  4. Jan 22, 202515-12G EDGAR
  5. Jan 22, 2025POS AM EDGAR
  6. Jan 22, 2025S-8 POS EDGAR
  7. Dec 12, 20248-K EDGAR
  8. Dec 11, 2024SC 13G/A EDGAR
  9. Dec 9, 20248-K EDGAR
  10. Dec 6, 20248-K EDGAR
  11. Dec 3, 20248-K EDGAR
  12. Nov 22, 202410-Q EDGAR
  13. Nov 21, 20248-K/A EDGAR
  14. Nov 14, 2024NT 10-Q EDGAR
  15. Sep 25, 20244 EDGAR
  16. Sep 24, 20248-K EDGAR
  17. Sep 20, 20244 EDGAR
  18. Sep 17, 20244 EDGAR
  19. Sep 13, 2024SC 13G/A EDGAR
  20. Sep 12, 20244 EDGAR

The 344 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

81 open-market trades by officers, directors and large owners since October 2021: 6 buys and 75 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2024Palantir Technologies Inc.10% ownerSale19,000$0.05$950Form 4
Sep 24, 2024Palantir Technologies Inc.10% ownerSale22,802$0.05$1.1KForm 4
Sep 23, 2024Palantir Technologies Inc.10% ownerSale60,000$0.05$3.0KForm 4
Sep 20, 2024Palantir Technologies Inc.10% ownerSale55,262$0.06$3.3KForm 4
Sep 19, 2024Palantir Technologies Inc.10% ownerSale85,621$0.06$5.1KForm 4
Sep 18, 2024Palantir Technologies Inc.10% ownerSale22,348$0.05$1.1KForm 4
Sep 17, 2024Palantir Technologies Inc.10% ownerSale80,000$0.05$4.0KForm 4
Sep 16, 2024Palantir Technologies Inc.10% ownerSale22,812$0.06$1.4KForm 4
Sep 13, 2024Palantir Technologies Inc.10% ownerSale57,800$0.06$3.5KForm 4
Sep 12, 2024Palantir Technologies Inc.10% ownerSale22,681$0.06$1.4KForm 4
Sep 11, 2024Palantir Technologies Inc.10% ownerSale7,917$0.06$475Form 4
Sep 10, 2024Palantir Technologies Inc.10% ownerSale121,700$0.06$7.3KForm 4
Sep 9, 2024Palantir Technologies Inc.10% ownerSale2,271$0.06$136Form 4
Sep 6, 2024Palantir Technologies Inc.10% ownerSale87,833$0.06$5.3KForm 4
Sep 5, 2024Palantir Technologies Inc.10% ownerSale40,000$0.06$2.4KForm 4
Sep 4, 2024Palantir Technologies Inc.10% ownerSale43,211$0.07$3.0KForm 4
Sep 3, 2024Palantir Technologies Inc.10% ownerSale156,629$0.07$11.0KForm 4
Aug 30, 2024Palantir Technologies Inc.10% ownerSale140,125$0.06$8.4KForm 4
Aug 29, 2024Palantir Technologies Inc.10% ownerSale49,360$0.06$3.0KForm 4
Aug 28, 2024Palantir Technologies Inc.10% ownerSale1,033$0.05$52Form 4

All 81 trades can be filtered by person here when JavaScript is on.

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.

SEC filer profile

How Rubicon Technologies, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRubicon Technologies, Inc.1
  • CIK0001862068
  • Employer ID (EIN)88-37036511
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address100 W Main Street, Suite 610, Lexington, KY 405071
  • Phone(844) 479-15071
  • Shares outstanding31,625,000 as of Mar 25, 20229
  • Public float$63.9M as of Jun 30, 20232
  • On EDGAR sinceJun 2, 20211
  • Filings353 in all: 4 (67), 8-K (59), 3 (32), 425 (31), CORRESP (21), SC 13G/A (19), SC 13G (14), UPLOAD (14)1
    All 41 form types

    S-1/A (11), 10-Q (10), EFFECT (10), 424B3 (5), NT 10-Q (5), SC 13D/A (5), POS AM (4), S-1 (4), S-4/A (4), 10-K (3), 144 (3), S-8 POS (3), 10-K/A (2), 25-NSE (2), 8-A12B (2), 8-K/A (2), CERT (2), DEF 14A (2), S-3 (2), SC 13D (2), 144/A (1), 15-12G (1), 25 (1), 4/A (1), 424B4 (1), 424B5 (1), ARS (1), DEFA14A (1), DRS (1), PRE 14A (1), S-3/A (1), S-4 (1), S-8 (1)

  • Latest filingsAnnual report (10-K) Mar 28, 2024
    Quarterly report (10-Q) Nov 22, 2024
    Proxy statement (DEF 14A) May 1, 2024
    Latest 8-K (8-K) Dec 12, 2024

Sources

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