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RUBI

Rubico Inc

RUBI

Market cap $3.26M

1.82 USD

-0.01

0.55%

At close Updated Sep 4, 4:00 PM EDT

Pre-market

After hours

1.84

+0.02

1.1%

1 day

-0.55%

5 days

4%

1 month

-21.55%

3 months

-86.52%

6 months

-99.24%

Year to date

-99.91%

1 year

-100%

5 years

-100%

10 years

-100%

About: Rubico Inc is an international provider of crude oil transportation services. The Company is engaged in the ownership and operation of a fleet of tanker vessels designed for enhanced fuel efficiency and reduced greenhouse gas emissions, incorporating environmentally friendly technologies.

Industrials Marine Shipping

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 20%

Neutral 80%

Negative 0%

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Rubico Inc. Announces Financial Results for the Six Months Ended June 30, 2026

ATHENS, Greece, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today its financial results for the six months ended June 30, 2026. The Company reported a net loss of $1.1 million, revenues of $9.7 million and net cash provided by operating activities of $4.1 million. Furthermore, as of June 30, 2026, the Company had cash and cash equivalents (including restricted cash) of $11.6 million, total assets of $149.8 million and total Stockholders' equity of $50.5 million. The Company's unaudited interim condensed consolidated financial statements and related operating and financial review for the six months ended June 30, 2026 are included in the Company's Report on Form 6-K furnished to the Securities and Exchange Commission on August 14, 2026.

Rubico Inc. Announces Financial Results for the Six Months Ended June 30, 2026

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Rubico Announces Acquisition of 3rd Newbuilding MR Tanker and a 24% Increase of Potential Gross Revenue Backlog to About $379 Million

ATHENS, Greece, July 28, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that, pursuant to its previously announced letter of intent (the “LOI”), it has entered into a share purchase agreement (the “SPA”) with Top Ships Inc., a related party controlled by Rubico's controlling shareholder, to purchase the shares of a company (the “SPV”) that is party to a shipbuilding contract with Guangzhou Shipyard International Company Limited and China Shipbuilding Trading Co., Ltd. for the construction of a 47,499 dwt chemical/product oil carrier (the “Newbuilding MR Tanker”). The Newbuilding MR Tanker is scheduled for delivery in the second quarter of 2029. The SPV has secured time charter employment for the vessel with a major oil trader, starting from its delivery and for a firm duration of seven years, with charterer's option to extend for four additional years. The total potential gross revenue backlog from this contract, including optional years, is about $75.4 million.

Rubico Announces Acquisition of 3rd Newbuilding MR Tanker and a 24% Increase of Potential Gross Revenue Backlog to About $379 Million

Rubico Inc. Announces Letter of Intent for Acquisition of a High Specification Newbuilding MR Tanker

ATHENS, Greece, July 24, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today it has entered into a letter of intent (the “LOI”) for the potential acquisition from Top Ships Inc., a related party controlled by Rubico's controlling shareholder, of a shipowning company (“SPV”) that is party to a shipbuilding agreement with Guangzhou Shipyard International Company Limited for the construction of a high specification MR chemical/product oil tanker (the “Newbuilding Tanker”) to be delivered in Q2 2029. The SPV has entered into a time charter agreement with Trafigura Maritime Logistics Pte.

Rubico Inc. Announces Letter of Intent for Acquisition of a High Specification Newbuilding MR Tanker

Rubico Announces Termination of $30 Million Equity Line of Credit

ATHENS, Greece, July 20, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that it has terminated the common stock purchase agreement entered into with B. Riley Principal Capital II, LLC on July 21, 2025, pursuant to which the Company had the right to sell from time to time up to $30,000,000 of its common shares. To date and prior to the termination of the agreement, the Company has sold approximately $27.1 million of its common shares pursuant to the agreement.

Rubico Announces Termination of $30 Million Equity Line of Credit

Rubico Announces Management Estimate of Net Asset Value to $183.1 Million, a 94% Increase from the Previously Reported NAV

ATHENS, Greece, July 16, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that after taking into account the June 30, 2026, charter free vessel value estimates from third party international brokers, debt outstanding and cash, management estimates the Company's net asset value (“NAV”) as of June 30, 2026, to be $183.1 million. This reflects a 94% increase from the previous NAV reported on March 2, 2026. This translates into a NAV of $300.26 per common share (based on number of common shares currently outstanding) and $72.22 per common share on a fully diluted basis (assuming exercise of all the 669,193 outstanding warrants and the conversion of all the Series G Convertible Preferred Shares).

Rubico Announces Management Estimate of Net Asset Value to $183.1 Million, a 94% Increase from the Previously Reported NAV

Rubico Announces Acquisition of Additional Newbuilding MR Tanker and a 33% Increase of Potential Gross Revenue Backlog to About $305 Million

ATHENS, Greece, July 15, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that it has entered into a share purchase agreement (the “SPA”) with Top Ships Inc. to purchase the shares of a company (the “SPV”) that is party to a shipbuilding contract with Guangzhou Shipyard International Company Limited and China Shipbuilding Trading Co., Ltd. for the construction of a 47,499 dwt chemical/product oil carrier (the “Newbuilding MR Tanker”). The Newbuilding MR Tanker is scheduled for delivery in the third quarter of 2029.

Rubico Announces Acquisition of Additional Newbuilding MR Tanker and a 33% Increase of Potential Gross Revenue Backlog to About $305 Million

Rubico Announces Its Decision to Exit the Megayacht Sector and Redeploy Capital towards its Core Tanker Business

ATHENS, Greece, July 15, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that it has decided to divest its interest in its newbuilding megayacht currently under construction (the “Megayacht”) and to exit the megayacht sector. The Company intends to pursue a sale of the Megayacht, or of the entity that is party to the shipbuilding contract, with the objective of releasing capital for redeployment towards its core tanker business.

Rubico Announces Its Decision to Exit the Megayacht Sector and Redeploy Capital towards its Core Tanker Business

Rubico Inc. Announces Reverse Stock Split

ATHENS, Greece, June 23, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that its board of directors (the “Board”) has determined to effect a 1 for 25 reverse stock split (the “Reverse Stock Split”) of the Company's issued common shares, par value $0.01 (the “Common Shares”), effective at the opening of trading on June 26, 2026.

Rubico Inc. Announces Reverse Stock Split

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