The reported net loss and lack of comparable prior-period figures make it impossible to assess underlying revenue trends.
Price Chart
Executive Summary
Rubico Inc. reported a net loss of $1.1 million on revenues of $9.7 million for the six months ended June 30, 2026, with results impacted by $4.6 million in drydocking costs and lost revenue from both Suezmax tankers. The company is building its MR tanker fleet with three newbuildings for delivery in 2029 and plans to divest its megayacht, but the near-term financials show a loss and no comparable prior-period figures were provided to assess growth.
Key Facts
- Net loss of $1.1 million for H1 2026
- Revenues of $9.7 million for H1 2026
- Drydocking costs reduced results by $4.6 million ($2.6M costs, $1.5M lost revenue, $0.5M bunkers)
- Cash and cash equivalents (incl. restricted) of $11.6 million as of June 30, 2026
- Total assets of $149.8 million and stockholders' equity of $50.5 million
- Net cash provided by operating activities of $4.1 million
- Three 47,499 dwt MR newbuilding tankers owned or under share purchase agreement, deliveries in 2029
- Intends to divest a 60-meter newbuilding megayacht scheduled for delivery in Q2 2027
- Share purchase agreement to acquire a shipowning company with an MR newbuilding, closing expected by September 30, 2026
Financial Impact
Net loss of $1.1 million on $9.7 million revenue; $4.6 million negative impact from drydockings
Risk Factors
- No comparable prior-period financial data provided, making trend analysis impossible
- Drydocking schedule may recur every five years, causing periodic earnings disruption
- Newbuilding deliveries not expected until 2029, with no near-term revenue contribution
- Intended megayacht divestiture may not materialize at expected terms
- Micro-cap ($3M market cap) with limited liquidity and high volatility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-005597 |
| Document: f6k_081726.htm | 0001171843-26-005597 |
| Document: 0001171843-26-005597-index-headers.html | 0001171843-26-005597 |
| Document: 0001171843-26-005597-index.html | 0001171843-26-005597 |
| Document: 0001171843-26-005597.txt | 0001171843-26-005597 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 6-K | $0.1790 | awaiting T+5 | — | $0.1590 (−11.17%) |
Oct 19, 2026 6d ago | 6-K | $0.2138 | awaiting T+5 | — | $0.1590 (+25.63%) |
Oct 19, 2026 6d ago | 424B5 | $0.2138 | awaiting T+5 | — | $0.1590 (+25.63%) |
Oct 15, 2026 10d ago | 6-K | $0.3910 $0.1640 | ▲ +58.06% | ▲ +58.15% | $0.1590 (+59.34%) |
Oct 6, 2026 19d ago | 6-K | $0.6162 $0.3162 | ▼ −48.69% | ▼ −47.71% | $0.1590 (−74.20%) |
Oct 6, 2026 20d ago | Press Release | $0.6541 $0.3788 | ▼ −42.09% | ▼ −41.95% | $0.1590 (−75.69%) |
Sep 25, 2026 4w ago | Press Release | $1.13 $1.08 | ▼ −4.42% | ▼ −4.20% | $0.1590 (−85.93%) |
Sep 21, 2026 5w ago | Press Release | $1.25 $1.13 | ▼ −9.60% | ▼ −8.58% | $0.1590 (−87.28%) |
Sep 17, 2026 5w ago | Press Release | $0.9533 $0.8000 | ▼ −16.08% | ▼ −16.93% | $0.1590 (−83.32%) |
Aug 17, 2026 9w ago | 6-K | $1.88 $1.78 | ▲ +5.32% | ▲ +5.12% | $0.1590 (+91.54%) |
US Market Status
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