Revenue: As of FY2026 Q1, the actual value is USD 164.37 M.EPS: As of FY2026 Q1, the actual value is USD 0.03.EBIT: As of FY2026 Q1, the actual value is USD 12.28 M.<h4>Operational Metrics (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Revenue:<ul><li>Rubico Inc. reported total revenue of $164,371 thousand for the three months ended March 31, 2026, an increase of 6% compared to $155,771 thousand in the prior year period.</li><li>Revenue by Channel:<ul><li>CTV revenue increased by $12,831 thousand, or 18%, to $85,380 thousand in 2026 from $72,549 thousand in 2025.</li><li>Mobile revenue decreased by -$2,855 thousand, or 5%, to $55,606 thousand in 2026 from $58,461 thousand in 2025.</li><li>Desktop revenue decreased by -$1,376 thousand, or 6%, to $23,385 thousand in 2026 from $24,761 thousand in 2025.</li></ul></li><li>Revenue by Geographic Location:<ul><li>United States revenue was $123,295 thousand in 2026, an increase from $116,784 thousand in 2025.</li><li>International revenue was $41,076 thousand in 2026, an increase from $38,987 thousand in 2025.</li></ul></li></ul></li><li>Cost of Revenue: Decreased by -$2,391 thousand, or 4%, to $60,408 thousand in 2026 from $62,799 thousand in 2025.</li><li>Sales and Marketing Expenses: Decreased by -$2,018 thousand, or 4%, to $46,088 thousand in 2026 from $48,106 thousand in 2025.</li><li>Technology and Development Expenses: Increased by $2,881 thousand, or 13%, to $25,173 thousand in 2026 from $22,292 thousand in 2025.</li><li>General and Administrative Expenses: Increased by $1,045 thousand, or 4%, to $24,983 thousand in 2026 from $23,938 thousand in 2025.</li><li>Total Expenses: Remained relatively flat, decreasing by -$483 thousand, or less than 1%, to $156,652 thousand in 2026 from $157,135 thousand in 2025.</li><li>Income (Loss) from Operations: Increased significantly to $7,719 thousand in 2026 from a loss of -$1,364 thousand in 2025.</li><li>Net Income (Loss): Improved to a net income of $4,412 thousand in 2026, compared to a net loss of -$9,634 thousand in 2025.</li><li>Gross Profit: Increased by $10,991 thousand, or 12%, to $103,963 thousand in 2026 from $92,972 thousand in 2025.</li><li>Contribution ex-TAC:<ul><li>Increased by $15,056 thousand, or 10%, to $160,904 thousand in 2026 from $145,848 thousand in 2025.</li><li>Contribution ex-TAC by Channel:<ul><li>CTV Contribution ex-TAC increased by $19,044 thousand, or 30%, to $82,269 thousand in 2026 from $63,225 thousand in 2025.</li><li>Mobile Contribution ex-TAC decreased by -$2,657 thousand, or 5%, to $55,351 thousand in 2026 from $58,008 thousand in 2025.</li><li>Desktop Contribution ex-TAC decreased by -$1,331 thousand, or 5%, to $23,284 thousand in 2026 from $24,615 thousand in 2025.</li></ul></li></ul></li><li>Adjusted EBITDA: Increased by $6,061 thousand, or 16%, to $42,861 thousand in 2026 from $36,800 thousand in 2025.</li></ul><h4>Cash Flow (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Net Cash (Used in) Provided by Operating Activities: Rubico Inc. used -$120,766 thousand in operating activities in 2026, compared to $2,561 thousand provided in 2025.</li><li>Net Cash Used in Investing Activities: Remained relatively stable, using -$13,120 thousand in 2026 compared to -$17,198 thousand in 2025.</li><li>Net Cash Used in Financing Activities: Increased significantly to -$235,077 thousand in 2026 from -$39,450 thousand in 2025, primarily due to a $205.1 million payment to settle matured Convertible Senior Notes.</li></ul><h4>Unique Metrics and Strategic Initiatives</h4><ul><li>Stock Repurchase Plans:<ul><li>The 2024 Repurchase Plan, which authorized repurchases up to $125.0 million, expired on February 1, 2026, with $63.7 million available at expiration.</li><li>A new 2026 Repurchase Plan was approved on February 23, 2026, authorizing repurchases of common stock up to $200.0 million through February 29, 2028; as of March 31, 2026, $186.0 million remains available under this plan.</li></ul></li></ul><h4>Future Outlook and Strategy</h4>Rubico Inc. anticipates that its revenue for the full year 2026 should increase compared to the prior year period, with Connected Television (CTV) expected to be the primary growth driver. The company also projects that Contribution ex-TAC will increase for the remainder of 2026, again with CTV leading this growth. Rubico Inc. is making significant investments in technology, sales, and support for its CTV growth initiatives, including the acquisition of Streamr.ai to enhance AI tools for CTV advertising, and is advancing first-party identity solutions and benefiting from supply path optimization efforts.

Rubico | 10-Q: FY2026 Q1 Revenue: USD 164.37 M