Algorhythm Holdings Inc Financials

RIME

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Algorhythm Holdings Inc (RIME) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 1/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Algorhythm Holdings Inc has an operating margin of -59.3%, meaning the company retains $-59 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -9.4% the prior year.

Growth

Algorhythm Holdings Inc's revenue declined 40.2% year-over-year, from $39.3M to $23.5M. This contraction results in a growth score of 0/100.

Liquidity

Algorhythm Holdings Inc's current ratio of 0.59 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 4/100, which could limit financial flexibility.

Cash Flow

While Algorhythm Holdings Inc generated -$8.6M in operating cash flow, capex of $70K consumed most of it, leaving -$8.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

1/9

Algorhythm Holdings Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.35x

For every $1 of reported earnings, Algorhythm Holdings Inc generates $0.35 in operating cash flow (-$8.6M OCF vs -$24.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$23.5M

YoY-40.2%

5Y CAGR-11.9%

10Y CAGR-2.9%

Algorhythm Holdings Inc generated $23.5M in revenue in fiscal year 2024. This represents a decrease of 40.2% from the prior year.

EBITDA

-$13.9M

YoY-297.2%

Algorhythm Holdings Inc's EBITDA was -$13.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 297.2% from the prior year.

Free Cash Flow

-$8.6M

YoY-1402.8%

Algorhythm Holdings Inc generated -$8.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1402.8% from the prior year.

Net Income

-$24.4M

YoY-425.4%

Algorhythm Holdings Inc reported -$24.4M in net income in fiscal year 2024. This represents a decrease of 425.4% from the prior year.

EPS (Diluted)

$-353.87

Algorhythm Holdings Inc earned $-353.87 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 21346.7% from the prior year.

Cash & Debt

$7.2M

YoY+149.8%

5Y CAGR+102.7%

10Y CAGR+18.2%

Algorhythm Holdings Inc held $7.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

14M

Algorhythm Holdings Inc had 14M shares outstanding in fiscal year 2024. This represents an increase of 350.8% from the prior year.

Gross Margin

20.3%

YoY-3.1pp

5Y CAGR-1.1pp

10Y CAGR-2.3pp

Algorhythm Holdings Inc's gross margin was 20.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the prior year.

Operating Margin

-59.3%

YoY-49.9pp

5Y CAGR-61.6pp

10Y CAGR-60.2pp

Algorhythm Holdings Inc's operating margin was -59.3% in fiscal year 2024, reflecting core business profitability. This is down 49.9 percentage points from the prior year.

Net Margin

-103.7%

YoY-91.9pp

5Y CAGR-105.1pp

10Y CAGR-106.9pp

Algorhythm Holdings Inc's net profit margin was -103.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 91.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$70K

YoY-71.3%

5Y CAGR-24.7%

10Y CAGR-10.6%

Algorhythm Holdings Inc invested $70K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 71.3% from the prior year.

RIME Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$23.5M-40.2%	$39.3M-17.3%	$47.5M+3.7%	$45.8M+19.0%	$38.5M-12.9%	$44.2M
Cost of Revenue	$18.7M-37.8%	$30.1M-18.0%	$36.7M+9.5%	$33.5M+10.5%	$30.3M-12.6%	$34.7M
Gross Profit	$4.8M-48.1%	$9.2M-14.8%	$10.8M-12.1%	$12.3M+50.4%	$8.2M-13.8%	$9.5M
R&D Expenses	N/A	$100K0.0%	$100K0.0%	$100K0.0%	$100K0.0%	$100K
SG&A Expenses	$12.2M+29.3%	$9.5M+32.2%	$7.2M+8.5%	$6.6M+0.5%	$6.6M+13.4%	$5.8M
Operating Income	-$13.9M-276.6%	-$3.7M-5459.4%	$69K-95.2%	$1.4M+143.9%	-$3.2M-409.3%	$1.0M
Interest Expense	N/A	$33K	$0	N/A	$241K-1.6%	$245K
Income Tax	N/A	$1.0M+1707.0%	$57K-87.5%	$457K+171.2%	-$642K-502.4%	$159K
Net Income	-$24.4M-425.4%	-$4.6M-2116.5%	$230K-89.4%	$2.2M+176.0%	-$2.9M-552.4%	$632K
EPS (Diluted)	$-353.87	$-1.65-1278.6%	$0.14	$1.67+2485.7%	$-0.07-450.0%	$0.02

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.7M-35.8%	$2.7M+36.3%	$2.0M-89.2%	$18.5M+658.2%	$2.4M+0.6%	$2.4M	N/A	$15.9M
Cost of Revenue	$2.1M+18.9%	$1.8M+18.0%	$1.5M-89.7%	$14.5M+585.9%	$2.1M+10.0%	$1.9M	N/A	$12.2M
Gross Profit	-$351K-136.8%	$954K+90.8%	$500K-87.5%	$4.0M+1130.6%	$324K-35.5%	$502K	N/A	$3.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.2M-19.4%	$1.5M-41.0%	$2.5M-59.2%	$6.2M+203.8%	$2.1M-4.9%	$2.2M	N/A	$2.5M
Operating Income	-$1.6M-100.1%	-$782K+72.2%	-$2.8M+23.2%	-$3.7M+40.5%	-$6.2M-169.1%	-$2.3M	N/A	$106K
Interest Expense	$34K	N/A	N/A	N/A	$17K-32.0%	$25K	N/A	$53K
Income Tax	$24K	N/A	N/A	N/A	-$52K-200.0%	$52K	N/A	N/A
Net Income	-$3.0M-266.1%	-$809K+91.3%	-$9.3M+45.6%	-$17.1M-179.1%	-$6.1M-158.5%	-$2.4M	N/A	$98K
EPS (Diluted)	$-1.15-379.2%	$-0.24+94.8%	$-4.66+94.8%	$-89.56+53.0%	$-190.68-158.5%	$-73.76	N/A	$0.03

RIME Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$18.3M+9.9%	$16.6M-26.5%	$22.7M+35.2%	$16.8M+1.0%	$16.6M+36.2%	$12.2M
Current Assets	$16.8M+10.3%	$15.2M-23.4%	$19.8M+52.9%	$13.0M-6.1%	$13.8M+27.7%	$10.8M
Cash & Equivalents	$7.2M+149.8%	$2.9M+26.4%	$2.3M+477.6%	$397K+14.9%	$345K+63.3%	$211K
Inventory	$2.2M-75.9%	$9.1M-35.8%	$14.2M+157.9%	$5.5M-27.8%	$7.6M+26.2%	$6.0M
Accounts Receivable	N/A	$2.1M-25.5%	$2.8M+26.0%	$2.2M+18.8%	$1.9M+5.1%	$1.8M
Goodwill	$786K	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$28.8M+356.2%	$6.3M-50.0%	$12.6M+42.7%	$8.9M-18.9%	$10.9M+195.5%	$3.7M
Current Liabilities	$28.4M+364.2%	$6.1M-49.0%	$12.0M+70.9%	$7.0M-26.0%	$9.5M+158.5%	$3.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$10.5M-201.8%	$10.3M+2.9%	$10.0M+26.9%	$7.9M+39.1%	$5.7M-33.1%	$8.5M
Retained Earnings	-$49.2M-151.9%	-$19.5M-31.2%	-$14.9M-21.4%	-$12.3M+15.1%	-$14.4M-24.7%	-$11.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$10.8M-14.6%	$12.7M+21.4%	$10.5M-42.8%	$18.3M+48.0%	$12.4M-37.9%	$19.9M-28.2%	$27.7M-14.9%	$32.6M
Current Assets	$5.5M-27.6%	$7.6M-15.4%	$9.0M-46.2%	$16.8M+42.2%	$11.8M-24.1%	$15.5M-33.1%	$23.2M-16.5%	$27.8M
Cash & Equivalents	$2.8M+150.4%	$1.1M-65.6%	$3.3M-54.4%	$7.2M+481.0%	$1.2M-69.8%	$4.1M-38.5%	$6.7M+108.6%	$3.2M
Inventory	N/A	$2.7M+44.2%	$1.9M-13.3%	$2.2M-68.4%	$6.9M+6.4%	$6.5M-5.5%	$6.9M-47.3%	$13.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.4M0.0%	$4.4M+462.1%	$786K0.0%	$786K	N/A	N/A	$0	N/A
Total Liabilities	$10.7M+8.7%	$9.9M+38.8%	$7.1M-75.3%	$28.8M+117.7%	$13.2M-9.8%	$14.7M-27.1%	$20.1M-12.1%	$22.9M
Current Liabilities	$10.5M+13.5%	$9.3M+37.3%	$6.7M-76.3%	$28.4M+212.4%	$9.1M-14.5%	$10.6M-34.3%	$16.2M-15.0%	$19.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$100K-96.4%	$2.8M-15.9%	$3.3M+131.8%	-$10.5M-1106.5%	-$872K-116.7%	$5.2M-31.0%	$7.6M-21.7%	$9.7M
Retained Earnings	-$61.9M-5.0%	-$58.9M-1.0%	-$58.4M-18.7%	-$49.2M-42.9%	-$34.4M-21.6%	-$28.3M-9.1%	-$25.9M-18.4%	-$21.9M

RIME Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$8.6M-2492.7%	-$330K+83.6%	-$2.0M-1276.5%	$171K-61.5%	$445K+137.3%	$187K
Capital Expenditures	$70K-71.3%	$244K+106.8%	$118K-41.3%	$201K-61.1%	$518K+79.2%	$289K
Free Cash Flow	-$8.6M-1402.8%	-$574K+73.1%	-$2.1M-6966.1%	-$30K+58.6%	-$73K+28.1%	-$101K
Investing Cash Flow	-$2.2M-820.1%	-$244K-106.8%	-$118K+41.3%	-$201K+61.1%	-$518K-79.2%	-$289K
Financing Cash Flow	$11.6M+888.8%	$1.2M-70.7%	$4.0M+4836.0%	$82K-60.5%	$207K+141.2%	-$501K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$1.1M+147.0%	-$2.3M+25.1%	-$3.1M+35.1%	-$4.8M-67.8%	-$2.9M-11.6%	-$2.6M-261.3%	$1.6M+15.3%	$1.4M
Capital Expenditures	-$12K	N/A	N/A	$0	N/A	N/A	$22-99.9%	$26K
Free Cash Flow	$1.1M	N/A	N/A	-$4.8M	N/A	N/A	$1.6M+17.6%	$1.3M
Investing Cash Flow	N/A	-$686K-1.9%	-$673K+69.3%	-$2.2M	N/A	N/A	$118-99.6%	$29K
Financing Cash Flow	N/A	$852K+280.1%	-$473K-104.5%	$10.6M+50614.3%	-$21K0.0%	-$21K-101.1%	$1.9M+2481.3%	-$80K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RIME Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	20.3%-3.1pp	23.4%+0.7pp	22.8%-4.1pp	26.9%+5.6pp	21.2%-0.2pp	21.5%
Operating Margin	-59.3%-49.9pp	-9.4%-9.6pp	0.1%-3.0pp	3.1%+11.5pp	-8.4%-10.8pp	2.4%
Net Margin	-103.7%-91.9pp	-11.8%-12.3pp	0.5%-4.3pp	4.7%+12.2pp	-7.4%-8.8pp	1.4%
Return on Equity	N/A	N/A	2.3%-25.2pp	27.5%	N/A	7.4%
Return on Assets	-133.1%-105.3pp	-27.9%-28.9pp	1.0%-11.9pp	13.0%+30.2pp	-17.2%-22.4pp	5.2%
Current Ratio	0.59-1.9	2.48+0.8	1.65-0.2	1.85+0.4	1.45-1.5	2.94
Debt-to-Equity	-2.74-3.4	0.61-0.6	1.26+0.1	1.12-0.8	1.92+1.5	0.43
FCF Margin	-36.7%-35.3pp	-1.5%+3.0pp	-4.5%-4.4pp	-0.1%+0.1pp	-0.2%+0.0pp	-0.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	-20.1%-55.3pp	35.1%+10.0pp	25.1%+3.5pp	21.6%+8.3pp	13.3%-7.4pp	20.7%	N/A	23.4%
Operating Margin	-89.7%-60.9pp	-28.8%+112.2pp	-141.0%-121.2pp	-19.8%+232.4pp	-252.2%-157.9pp	-94.3%	N/A	0.7%
Net Margin	-169.8%-140.0pp	-29.8%+436.5pp	-466.3%-374.0pp	-92.3%+158.5pp	-250.8%-153.2pp	-97.6%	N/A	0.6%
Return on Equity	N/A	N/A	N/A	44.3%	N/A	N/A	N/A	1.0%
Return on Assets	-27.3%-20.9pp	-6.4%+82.5pp	-88.8%+4.5pp	-93.3%-43.8pp	-49.5%-37.6pp	-11.9%	N/A	0.3%
Current Ratio	0.53-0.3	0.82-0.5	1.34+0.7	0.59-0.7	1.30-0.2	1.46+0.0	1.43-0.0	1.46
Debt-to-Equity	107.45+103.9	3.52+1.4	2.13+4.9	-2.74+12.4	-15.18-18.0	2.81+0.1	2.66+0.3	2.37
FCF Margin	62.0%	N/A	N/A	-25.9%	N/A	N/A	N/A	8.5%

Note: Shareholder equity is negative (-$10.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.59), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Algorhythm Holdings Inc's annual revenue?

Algorhythm Holdings Inc (RIME) reported $23.5M in total revenue for fiscal year 2024. This represents a -40.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Algorhythm Holdings Inc's revenue growing?

Algorhythm Holdings Inc (RIME) revenue declined by 40.2% year-over-year, from $39.3M to $23.5M in fiscal year 2024.

Is Algorhythm Holdings Inc profitable?

No, Algorhythm Holdings Inc (RIME) reported a net income of -$24.4M in fiscal year 2024, with a net profit margin of -103.7%.

What is Algorhythm Holdings Inc's earnings per share (EPS)?

Algorhythm Holdings Inc (RIME) reported diluted earnings per share of $-353.87 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Algorhythm Holdings Inc's EBITDA?

Algorhythm Holdings Inc (RIME) had EBITDA of -$13.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Algorhythm Holdings Inc's gross margin?

Algorhythm Holdings Inc (RIME) had a gross margin of 20.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Algorhythm Holdings Inc's operating margin?

Algorhythm Holdings Inc (RIME) had an operating margin of -59.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Algorhythm Holdings Inc's net profit margin?

Algorhythm Holdings Inc (RIME) had a net profit margin of -103.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Algorhythm Holdings Inc's free cash flow?

Algorhythm Holdings Inc (RIME) generated -$8.6M in free cash flow during fiscal year 2024. This represents a -1402.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Algorhythm Holdings Inc's operating cash flow?

Algorhythm Holdings Inc (RIME) generated -$8.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Algorhythm Holdings Inc's total assets?

Algorhythm Holdings Inc (RIME) had $18.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Algorhythm Holdings Inc's capital expenditures?

Algorhythm Holdings Inc (RIME) invested $70K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Algorhythm Holdings Inc have outstanding?

Algorhythm Holdings Inc (RIME) had 14M shares outstanding as of fiscal year 2024.

What is Algorhythm Holdings Inc's current ratio?

Algorhythm Holdings Inc (RIME) had a current ratio of 0.59 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Algorhythm Holdings Inc's debt-to-equity ratio?

Algorhythm Holdings Inc (RIME) had a debt-to-equity ratio of -2.74 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Algorhythm Holdings Inc's return on assets (ROA)?

Algorhythm Holdings Inc (RIME) had a return on assets of -133.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Algorhythm Holdings Inc's cash runway?

Based on fiscal year 2024 data, Algorhythm Holdings Inc (RIME) had $7.2M in cash against an annual operating cash burn of $8.6M. This gives an estimated cash runway of approximately 10 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Algorhythm Holdings Inc's debt-to-equity ratio negative or unusual?

Algorhythm Holdings Inc (RIME) has negative shareholder equity of -$10.5M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Algorhythm Holdings Inc's Piotroski F-Score?

Algorhythm Holdings Inc (RIME) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Algorhythm Holdings Inc's earnings high quality?

Algorhythm Holdings Inc (RIME) has an earnings quality ratio of 0.35x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Algorhythm Holdings Inc?

Algorhythm Holdings Inc (RIME) scores 1 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.