Rubico Inc. cash flow statement

In fiscal 2025, Rubico Inc.'s operations generated $11.3m of cash; it spent $19.9m on capital projects, leaving free cash flow of −$8.6m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Rubico Inc.: cash flow statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	12	10	11
Capital spending	0	0	20
Free cash flow	12	10	−9
Shares issued	0	0	14

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Rubico Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Rubico Inc.