)

Rubicon Technologies (RBT) investor relations material
Rubicon Technologies Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q3 2024 revenue increased 8.3% year-over-year to $182.5 million, driven by higher service and recyclable commodity sales and strategic account management.
Net loss from continuing operations narrowed to $8.5 million in Q3 2024 from $30.2 million in Q3 2023, a 71.9% reduction.
Adjusted EBITDA loss narrowed to $(3.2) million, a 63.4% improvement year-over-year, including $3.7 million in non-cash Palantir contract expenses.
Completed sale of SaaS business in May 2024, recognizing a $59.7 million gain and shifting focus to core marketplace operations.
Company faces substantial doubt about its ability to continue as a going concern due to liquidity constraints and upcoming debt maturities.
Financial highlights
Q3 2024 total revenue: $182.5 million, up 8.3% year-over-year; nine-month revenue: $508.7 million, down 2.1% year-over-year.
Q3 2024 net loss: $8.5 million, improved from $30.2 million in Q3 2023; nine-month net income: $0.9 million, driven by SaaS sale gain.
Adjusted gross profit margin for Q3 2024 was 7.8%, down from 10.1% in Q3 2023; adjusted EBITDA for Q3 2024 was $(3.2) million.
Cost of revenue increased 11.0% year-over-year in Q3 2024, outpacing revenue growth.
Interest expense for Q3 2024 was $7.9 million, down from $9.2 million in Q3 2023.
Outlook and guidance
Management expects product development and general and administrative expenses to decrease as a percentage of revenue over the next 12 months.
Company is focusing on operational efficiencies, cost reductions, and strict capital discipline to address liquidity challenges.
Additional capital is needed to meet liquidity needs for the next 12 months; refinancing options are being explored but not finalized.
Forward-looking statements caution about risks from legal proceedings, regulatory changes, and economic factors.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage