Rubicon Technologies, Inc.
RBTC Technology Software Application
Rubicon Technologies, Inc.’s revenue for fiscal 2023 (year ended December 2023) was $697.6 million, up 3.29% from fiscal 2022. Revenue growth for three consecutive years, operating cash flow growth for three.
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Rubicon Technologies, Inc. (RBTC) Piotroski F-score
Rubicon Technologies, Inc.'s Piotroski F-score for fiscal 2023 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2023 | 2 | — |
How fiscal 2023’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (26.65%) | (15.88%) | Fail | 0 |
| Positive operating cash flow | (66.89m) | (131.04m) | Fail | 0 |
| Rising return on assets | (26.65%) | (15.88%) | Fail | 0 |
| Cash flow above net income | (9.94m) | (100.88m) | Fail | 0 |
| Falling long-term leverage | 0.38 | 0.37 | Fail | 0 |
| Rising current ratio | 0.70 | 0.56 | Pass | 1 |
| No new shares issued | 22,798,000 | 6,236,000 | Fail | 0 |
| Rising gross margin | 7.16% | 4.08% | Pass | 1 |
| Rising asset turnover | 3.26 | 3.56 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
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|---|---|
| MTBLY Moatable, Inc. Sponsored ADR compare | 6 |
| GETR Getaround, Inc. compare | 5 |
| UPLD Upland Software, Inc. compare | 5 |
| BIYA Baiya International Group Inc. compare | 4 |
| YXT YXT.COM Group Holding Limited - Unsponsored ADR compare | 4 |
| MYSE Myseum.AI Inc. compare | 3 |
| RBTC Rubicon Technologies, Inc. | 2 |
| AMOD Alpha Modus Holdings, Inc. compare | — |
| SAGT SAGTEC GLOBAL LIMITED compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover