Company research
Rubico Inc.
CIK 1943421Updated Nov 11, 2026
SecurityRUBI · NASDAQ · equity
Name history
Central Tactical Acquisitions Inc. · through Jan 10, 2023
RUBI price & chart
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NASDAQ:RUBI on TradingView ↗About the company
We are a global provider of shipping transportation services. We specialize in the ownership of vessels. The vessels initially comprising our fleet and each of the vessels we may acquire in the future is or will be owned through a separate wholly owned subsidiary.
In the news
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Recent filings
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Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 134,069,000Source | 113,413,000Source |
| Property, Plant and Equipment, NetUSD | 106,189,000Source | 110,369,000Source |
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,964,000Source | 1,161,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,024,000Source | 229,000Source |
| Inventory, NetUSD | 194,000Source | 176,000Source |
| Assets, CurrentUSD | 7,048,000Source | 2,044,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 788,000Source | 127,000Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 88,271,000Source | 79,298,000Source |
| Stockholders’ equity: | ||
| Preferred Stock, Value, IssuedUSD | 1,000Source | 0Source |
| Common Stock, Value, IssuedUSD | 4,000Source | 0Source |
| Additional Paid in CapitalUSD | 14,032,000Source | 0Source |
| Retained Earnings (Accumulated Deficit)USD | 31,761,000Source | 31,049,000Source |
| Stockholders' Equity Attributable to ParentUSD | 45,798,000Source | 34,115,000Source |
| Liabilities and EquityUSD | 134,069,000Source | 113,413,000Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 10,004,000Source | 7,616,000Source |
| Accounts Payable, CurrentUSD | 2,835,000Source | 901,000Source |
| Additional Financial Items | ||
| Accrued Liabilities, CurrentUSD | 736,000Source | 299,000Source |
| Long-term Debt, Excluding Current Maturities | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 4,345,000Source | 4,221,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 77,937,000Source | 71,580,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 2,645,000Source | 5,944,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | 795,000Source | 229,000Source |
| Increase (Decrease) in InventoriesUSD | 18,000Source | -26,000Source |
| Increase (Decrease) in Accounts PayableUSD | 1,725,000Source | 753,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 11,332,000Source | 10,498,000Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -19,932,000Source | 0Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 11,303,000Source | -12,131,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,703,000Source | -1,633,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,864,000Source | 2,161,000Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 5,022,000Source | 6,154,000Source |
| Additional Financial Items | ||
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -1,555,000Source | 0Source |
| General and Administrative ExpenseUSD | 1,263,000Source | 1,887,000Source |
| InterestExpenseNonoperatingUSD | 8,262,000Source | 6,501,000Source |
| Investment Income, InterestUSD | 62,000Source | 25,000Source |
| Nonoperating Income (Expense)USD | -9,755,000Source | -6,476,000Source |
| Operating Lease, Lease IncomeUSD | 23,523,000Source | 24,205,000Source |
| Payments of Financing CostsUSD | 1,128,000Source | 169,000Source |
| Proceeds from Issuance of Common StockUSD | 13,664,000Source | 0Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Total RevenueUSD | 23,523,000Source | 24,205,000Source |
| Operating Income (Loss)USD | 12,400,000Source | 12,420,000Source |
| Earnings Per Share, BasicUSD per share | 49.07Source | 454.96Source |
| Earnings Per Share, DilutedUSD per share | 49.07Source | 454.96Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 53,907Source | 13,065Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 53,907Source | 13,065Source |
| Interest Expense (non-operating)USD | 8,262,000Source | 6,501,000Source |
| Additional Financial Items | ||
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -1,555,000Source | 0Source |
| General and Administrative ExpenseUSD | 1,263,000Source | 1,887,000Source |
| Investment Income, InterestUSD | 62,000Source | 25,000Source |
| Labor and Related ExpenseUSD | 2,949,000Source | 2,932,000Source |
| Nonoperating Income (Expense)USD | -9,755,000Source | -6,476,000Source |
| Operating Lease, Lease IncomeUSD | 23,523,000Source | 24,205,000Source |
Offerings
Registration 333-299969
Registration 333-297207
Registration 333-297276
Registration 333-297277
Registration 333-295716
- Gross proceeds
- 5000002.0
- Net proceeds
- 4700001.88
- Deal price
- 0.95
- Shares
- 5263160
- Offering price
- $0.95
- Ticker
- RUBI
Underwriters: Maxim Group LLC
Registration 333-295199
Registration 333-294944
Registration 333-293441
Registration 333-292077
- Gross proceeds
- 3999999.6
- Net proceeds
- 3759999.624
- Deal price
- 0.6
- Shares
- 6666666
- Offering price
- $0.60
- Ticker
- RUBI
Underwriters: Maxim Group LLC
Registration 333-290426
- Gross proceeds
- 8624999.04
- Net proceeds
- 8107499.0976
- Deal price
- 0.609
- Shares
- 14162560
- Offering price
- $0.609
- Ticker
- RUBI
Registration 333-289552
Registration 333-288796
Filing attachments
ef20078590_ex99-1.htm · 6-K · 2026-08-14
Exhibit 99.1 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026 The following management’s discussion and analysis is intended to discuss our financial condition, changes in financial condition and results of operations for the six months ended June 30, 2025 and 2026, and should be read in conjunction with our historical unaudited interim condensed consolidated financial statements and related notes included in…
Read attachment ↗ef20062694_ex4-1.htm · 20-F · 2026-03-23
Exhibit 4.1 SHAREHOLDERS’ RIGHTS AGREEMENT Between RUBICO INC. and BROADRIDGE CORPORATE ISSUER SOLUTIONS, LLC as Rights Agent Dated as of August 1, 2025 This Shareholders’ Rights Agreement (this “Rights Agreement”) is made and entered into as of August 1, 2025, by and between Rubico Inc., a Marshall Islands corporation (the “Company”), and Broadridge Corporate Issuer Solutions, LLC, as Rights Agent (the “Rights Agent”). WHEREAS, the Board of Directors of the Company (the “Board”) has (a…
Read attachment ↗ef20062694_ex4-10.htm · 20-F · 2026-03-23
Exhibit 4.10 1. Shipbroker 2. Place and date 3. Owners/Place of business 4. Bareboat Charterers/Place of business (Cl. 1) (Cl. 1) …
Read attachment ↗ef20062694_ex4-11.htm · 20-F · 2026-03-23
Exhibit 4.11 EXECUTION VERSION Dated _________________________ 2025 RUBICO INC. as Guarantor and LUSTRE 4 HOLDING LIMITED as Owner GUARANTEE relating to a bareboat charter of the vessel m.v. ECO WEST COAST dated ____________ 2025 Index Clause Page 1 Interpretation 1 2 Guarantee 2 3 Liability as Principal and …
Read attachment ↗ef20062694_ex4-19.htm · 20-F · 2026-03-23
Exhibit 4.19 CENTRAL SHIPPING INC CENTRAL SHIPPING INC TRUST COMPANY COMPLEX AJELTAKE ROAD, AJELTAKE ISLAND MAJURO, MARSHALL ISLANDS MI 96960 TRUST COMPANY COMPLEX AJELTAKE ROAD, AJELTAKE ISLAND MAJURO, MARSHALL ISLANDS MI 96960 The Board of Directors Rubico Inc. For the attention or Mr. Nikolaos Papastratis 20 Iouliou Kaisara Str, 19002 Paiania, Athens-Greece July 15, 2025 Subject: Offer letter for the provision of management services Dear Sir(s) This offer letter outlines the…
Read attachment ↗ef20062694_ex4-20.htm · 20-F · 2026-03-23
Exhibit 4.20 EXECUTIVE SERVICES AGREEMENT This agreement ("the Agreement") is entered into by and among Rubico Inc. ("Rubico" or the "Company") and Central Mare Inc. ("Manager"), as of January 22, 2026 with effective date of August 1, 2025, for the purpose of setting forth the terms pursuant to which the services of the Company’s executive officers and the persons filling certain other managerial and administrative positions of the Company will be provided by the Manager (the "Nominees"). It …
Read attachment ↗