Also trades as: RUBLF (OTC) · $vol 0M

C$4.06 ($2.85)

+0.04 (+1.00%)

Weekly Expected Move ±6.3%

C$4 C$4 C$4 C$4 C$5

TSX · Energy · Oil & Gas Exploration & Production · Tech Score Sell · Power 41 · C$380.0M mcap · 51M float · 0.210% daily turnover

Revenue

$209M +24.3% ▲

4Y CAGR: +155.3%

Gross Profit

$55M -32.8% ▼

4Y CAGR: +122.4%

Operating Income

$34M -33.2% ▼

Net Income

$33M -34.9% ▼

4Y CAGR: +43.4%

EPS (Diluted)

$0.34 -54.7% ▼

4Y CAGR: +17.2%

EBITDA

$129M +11.3% ▲

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5M	$54M	$80M	$168M	$209M
YoY Growth	+0.0%	+1006.9%	+47.6%	+109.3%	+24.3%
Cost of Revenue	$3M	$24M	$7M	$87M	$154M
Gross Profit	$2M	$31M	$73M	$82M	$55M
Gross Margin	45.5%	56.7%	90.8%	48.4%	26.2%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$1M	$9M	$26M	$14M	$21M
Operating Expenses	$1M	$10M	$26M	$31M	$21M
Operating Income	-$6M	$21M	$47M	$50M	$34M
Operating Margin	-121.8%	39.0%	58.0%	29.8%	16.0%
Interest Expense	$0	$343K	$2M	$7M	$10M
Income Before Tax	$8M	$10M	$27M	$59M	$41M
Tax Expense	-$7M	-$15M	$8M	$9M	$9M
Net Income	$8M	$25M	$19M	$50M	$33M
Net Margin	156.4%	45.2%	23.1%	29.7%	15.6%
EPS (Diluted)	$0.18	$0.47	$0.30	$0.75	$0.34
EBITDA	-$5M	$24M	$56M	$116M	$129M
Shares Outstanding	44M	52M	61M	67M	96M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$38M	$59M	$67M	$61M	$58M	$49M	$57M	$73M
Cost of Revenue	$23M	$34M	$40M	$39M	$39M	$39M	$39M	$43M
Gross Profit	$34M	$26M	$27M	$21M	$19M	$9M	$19M	$31M
Gross Margin	87.9%	43.2%	40.7%	34.8%	33.3%	19.4%	32.3%	41.7%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$3M	$5M	$5M	$6M	$6M	$5M	$11M	$5M
Operating Expenses	$8M	$11M	$15M	$13M	$11M	$5M	$11M	$5M
Operating Income	$4M	$14M	$12M	$8M	$8M	$5M	$7M	$26M
Operating Margin	11.1%	24.3%	18.5%	13.5%	13.8%	10.0%	12.8%	35.3%
Interest Expense	$2M	$3M	$2M	$2M	$3M	$2M	$2M	$3M
Income Before Tax	$20M	$29M	$2M	$23M	$7M	$9M	-$29M	$45M
Tax Expense	$5M	$2M	$810K	$7M	$2M	-$577K	-$6M	$11M
Net Income	$15M	$27M	$1M	$16M	$6M	$10M	-$23M	$34M
Net Margin	39.1%	45.3%	1.7%	26.5%	9.7%	19.8%	-40.1%	46.6%
EPS (Diluted)	$0.23	$0.40	$1.22	$0.17	$0.06	$0.10	$-0.25	$0.35
EBITDA	$36M	$51M	$27M	$50M	$34M	$29M	-$2M	$51M
Shares Outstanding	67M	67M	950680	95M	96M	97M	94M	98M

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