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Rubicon Technologies, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20
   10-K10-KS-1
Revenue:     
Service  589.8500.9 
Recyclable commodity  85.682.1 
    Total revenue  675.4583.1539.4
            Total revenue growth  15.8%8.1% 
Costs and Expenses:     
Cost of revenue (exclusive of amortization and depreciation):     
Service  569.8481.6 
Recyclable commodity  78.177.0 
    Total cost of revenue (exclusive of amortization and depreciation)  647.8558.70.4
Sales and marketing  16.214.514.8
Product development  37.522.514.9
General and administrative  221.552.9 
Amortization and depreciation  1.12.51.5
    Total Costs and Expenses  1,965.71,314.5590.8
    Loss from Operations  -253.3-72.6-51.4
            Operating margin  -37.5%-12.5%-9.5%
   
Other Income (Expense):     
Interest earned  0.00.0 
Loss on change in fair value of warrant liabilities  -1.8-0.6 
Loss on change in fair value of derivatives  -72.6  
Excess fair value over the consideration received for SAFE  -0.8  
Gain on service fee settlements in connection with the Mergers  12.1  
Related party interest expense  -16.9-11.5 
Other expense  -3.0-1.1 
    Total Other Income (Expense)  -28.4-2.2-8.6
    Loss Before Income Taxes  -281.7-74.860.0
Income tax expense  0.1-1.7-1.5
    Net Loss  -281.8-73.2-58.6
Net loss attributable to Holdings LLC unitholders prior to the Mergers  -229.0-73.2 
Net loss attributable to noncontrolling interests  -22.6  
    Net Loss Attributable to Class A Common Stockholders  -30.2  
   
   
Weighted average shares outstanding, basic  0.0100,380.332.4

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