Monitor the closing of the share purchase agreement for the MR tanker by Sept 30, 2026, and any updates on the megayacht divestiture. The company's cash position of $11.6M provides a limited runway; watch for future capital needs or financing events given the newbuilding commitments.
Price Chart
Executive Summary
Rubico Inc. reported a net loss of $1.1M on revenues of $9.7M for the six months ended June 30, 2026. Results were impacted by $4.6M in drydocking costs and lost revenue from two Suezmax tankers. The company is investing in three new MR tankers for 2029 delivery and plans to divest a megayacht, signaling a strategic pivot to core shipping operations, but near-term financials remain weak with no consensus estimates available for comparison.
Key Financial Metrics
Key Facts
- Net loss of $1.1M for H1 2026
- Revenues of $9.7M for H1 2026
- Drydocking costs and lost revenue totaled $4.6M
- Cash and cash equivalents of $11.6M as of June 30, 2026
- Total assets of $149.8M and stockholders' equity of $50.5M
- Three MR newbuilding tankers scheduled for delivery in 2029
- Intends to divest a 60-meter newbuilding megayacht
- Share purchase agreement to acquire a shipowning company with an MR tanker, closing expected by Sept 30, 2026
Financial Impact
Net loss of $1.1M on $9.7M revenue, with $4.6M in drydocking-related impacts
Risk Factors
- Continued net losses and negative earnings
- Execution risk on newbuilding deliveries and share purchase agreement
- Uncertainty around megayacht divestiture timing and proceeds
- Limited cash runway relative to newbuilding commitments
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3346171 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 6-K | $0.1790 | awaiting T+5 | — | $0.1550 (−13.41%) |
Oct 19, 2026 7d ago | 6-K | $0.2138 $0.1548 | ▲ +27.60% | ▲ +27.45% | $0.1550 (+27.50%) |
Oct 19, 2026 7d ago | 424B5 | $0.2138 $0.1548 | ▲ +27.60% | ▲ +27.45% | $0.1550 (+27.50%) |
Oct 15, 2026 11d ago | 6-K | $0.3910 $0.1640 | ▲ +58.06% | ▲ +58.15% | $0.1550 (+60.36%) |
Oct 6, 2026 20d ago | 6-K | $0.6162 $0.3162 | ▼ −48.69% | ▼ −47.71% | $0.1550 (−74.85%) |
Oct 6, 2026 20d ago | Press Release | $0.6541 $0.3788 | ▼ −42.09% | ▼ −41.95% | $0.1550 (−76.30%) |
Sep 25, 2026 4w ago | Press Release | $1.13 $1.08 | ▼ −4.42% | ▼ −4.20% | $0.1550 (−86.28%) |
Sep 21, 2026 5w ago | Press Release | $1.25 $1.13 | ▼ −9.60% | ▼ −8.58% | $0.1550 (−87.60%) |
Sep 17, 2026 5w ago | Press Release | $0.9533 $0.8000 | ▼ −16.08% | ▼ −16.93% | $0.1550 (−83.74%) |
Aug 17, 2026 10w ago | 6-K | $1.88 $1.78 | ▲ +5.32% | ▲ +5.12% | $0.1550 (+91.76%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers