Security
FOUNU · Rubicon Technologies, Inc.
FOUNUNASDAQUnitHistorical · closed Aug 15, 2022CIK 1862068Updated Sep 24, 2026
Name history
Founder SPAC · through Aug 12, 2022
Current security for this SEC filerRBTC · NASDAQ
FOUNU price & chart
Historical security
This listing closed Aug 15, 2022. Live provider charts are shown only for current listings.
Current security: RBTC
In the news
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Recent filings
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Financials
FY 2023 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 223,287,000Source | 204,029,000Source | 322,690,554Source |
| Property, Plant and Equipment, NetUSD | 1,425,000Source | 2,644,000Source | — |
| GoodwillUSD | 32,132,000Source | 32,132,000Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 7,661,000Source | 10,881,000Source | — |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 18,695,000Source | 10,079,000Source | 761,605Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 66,977,000Source | 65,923,000Source | — |
| Assets, CurrentUSD | 179,388,000Source | 150,781,000Source | 1,273,114Source |
| Operating Lease, Right-of-Use AssetUSD | 567,000Source | 2,827,000Source | — |
| Other Assets, NoncurrentUSD | 2,114,000Source | 4,764,000Source | — |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 362,259,000Source | 358,481,000Source | 11,267,417Source |
| Stockholders’ equity: | |||
| Preferred Stock, Value, IssuedUSD | 0Source | — | — |
| Additional Paid in CapitalUSD | 127,716,000Source | 34,658,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | -394,804,000Source | -337,875,000Source | -9,571,405Source |
| Stockholders' Equity Attributable to ParentUSD | -267,084,000Source | -303,199,000Source | -9,570,614Source |
| Liabilities and EquityUSD | 223,287,000Source | 204,029,000Source | 322,690,554Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 257,539,000Source | 267,367,000Source | 198,667Source |
| Operating Lease, Liability, CurrentUSD | 725,000Source | 1,880,000Source | — |
| Accounts Payable, CurrentUSD | 65,465,000Source | 75,113,000Source | — |
| Operating Lease, Liability, NoncurrentUSD | 0Source | 1,826,000Source | — |
| Deferred Income Tax Liabilities, NetUSD | 197,000Source | — | — |
| Other Liabilities, NoncurrentUSD | 3,395,000Source | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 128,112,000Source | 148,747,000Source | — |
| Additional Financial Items | |||
| Accrued Liabilities, CurrentUSD | 77,001,000Source | 44,773,000Source | 96,000Source |
| Deferred Revenue, CurrentUSD | — | — | 11,068,750Source |
| Deferred Tax Liabilities, NetUSD | 200,000Source | 200,000Source | — |
| Long-term Debt, Current MaturitiesUSD | 0Source | 3,771,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 97,303,000Source | 69,458,000Source | — |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -77,579,000Source | -228,997,000Source | -73,151,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, Depletion and AmortizationUSD | 1,200,000Source | 1,300,000Source | 1,600,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 15,023,000Source | — | — |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | 3,304,000Source | 20,632,000Source | 2,567,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | 27,582,000Source | 5,616,000Source |
| Deferred Income Tax Expense (Benefit)USD | -20,000Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -66,889,000Source | -131,036,000Source | -59,861,000Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -816,000Source | -76,121,000Source | -4,002,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 816,000Source | — | — |
| Cash flows from financing activities: | |||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,067,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 76,321,000Source | 206,619,000Source | 68,459,000Source |
| Repayments of Long-term DebtUSD | — | 6,000,000Source | 3,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 10,079,000Source | 10,617,000Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 14,645,000Source | 12,234,000Source | 8,366,000Source |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseUSD | 15,023,000Source | 94,200,000Source | 500,000Source |
| Amortization of Deferred ChargesUSD | — | 1,300,000Source | — |
| Amortization of Debt Issuance CostsUSD | 9,722,000Source | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | 3,490,000Source | 1,563,000Source |
| Amortization of Intangible AssetsUSD | 3,200,000Source | 3,300,000Source | 3,000,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | 44,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -805,000Source | — | — |
| Gain (Loss) on Termination of LeaseUSD | 220,000Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | -18,234,000Source | — | 10,900,000Source |
| General and Administrative ExpenseUSD | 52,950,000Source | 221,493,000Source | 52,915,000Source |
| GoodwillUSD | 32,132,000Source | 32,132,000Source | 32,132,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | -3,000Source | -76,000Source | 1,670,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | -281,771,000Source | -73,151,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -20,635,000Source | -22,621,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -56,944,000Source | -30,153,000Source | — |
| Nonoperating Income (Expense)USD | -47,065,000Source | -28,407,000Source | -2,214,000Source |
| Operating Lease, ExpenseUSD | — | 1,631,000Source | 1,507,000Source |
| Other Nonoperating Income (Expense)USD | — | -2,954,000Source | -1,055,000Source |
| Other Operating Income (Expense), NetUSD | — | 68,500,000Source | — |
| Payments of Financing CostsUSD | 13,891,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 24,767,000Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | — | 7,000,000Source | 42,254,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 697,582,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | -4,297,000Source | -72,641,000Source | — |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Total RevenueUSD | — | 675,388,000Source | 583,050,000Source |
| Cost of Goods and Services Sold | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — |
| Operating Income (Loss)USD | -30,517,000Source | -253,288,000Source | -72,607,000Source |
| Other Nonoperating Income (Expense)USD | — | -2,954,000Source | -1,055,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -77,582,000Source | -281,695,000Source | -74,821,000Source |
| Income Tax Expense (Benefit)USD | -3,000Source | -76,000Source | 1,670,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -20,635,000Source | -22,621,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | -281,771,000Source | -73,151,000Source |
| Earnings Per Share, BasicUSD per share | -2.5Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 22,797,555Source | — | — |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 3,200,000Source | 3,300,000Source | 3,000,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 647,631,000Source | — | — |
| Cost, Depreciation and AmortizationUSD | — | 5,723,000Source | 7,128,000Source |
| Costs and ExpensesUSD | 728,099,000Source | 928,676,000Source | 655,657,000Source |
| Current Income Tax Expense (Benefit)USD | 17,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 5,186,000Source | — | — |
| General and Administrative ExpenseUSD | 52,950,000Source | 221,493,000Source | 52,915,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source |
| Interest ExpenseUSD | 34,232,000Source | 16,900,000Source | 11,500,000Source |
| Interest Expense, DebtUSD | 35,800,000Source | — | — |
| Interest Income, OtherUSD | — | 2,000Source | 2,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -56,944,000Source | -30,153,000Source | — |
| Nonoperating Income (Expense)USD | -47,065,000Source | -28,407,000Source | -2,214,000Source |
| Operating Lease, ExpenseUSD | — | 1,631,000Source | 1,507,000Source |
| Other Cost of Operating RevenueUSD | — | 72,000Source | — |
| Other ExpensesUSD | — | 12,100,000Source | — |
| Other General and Administrative ExpenseUSD | — | 100,855,000Source | 7,785,000Source |
| Other Operating Income (Expense), NetUSD | — | 68,500,000Source | — |
| Research and Development ExpenseUSD | 29,645,000Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 697,582,000Source | — | — |
| Selling and Marketing ExpenseUSD | 11,729,000Source | 23,000Source | — |