RYTHM Inc Financials
This page shows RYTHM Inc (RYM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
RYTHM's visible business mechanic is externally funded rebuilding, where better unit economics still fail to cover the operating shell.
From FY2024 to FY2025, cash stayed roughly flat at$32.2M even though operating cash flow remained negative at-$23.5M . That stability came from financing rather than operations, which is why the business can look liquid on the surface while becoming more liability-funded underneath.
FY2025 gross margin reached
The current ratio reached 1.1x and cash ended at
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of RYTHM Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
RYTHM Inc scores -4.90, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($55.4M) relative to total liabilities ($93.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
RYTHM Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, RYTHM Inc generates $0.71 in operating cash flow (-$23.5M OCF vs -$33.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
RYTHM Inc earns $-7.9 in operating income for every $1 of interest expense (-$32.3M vs $4.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
RYTHM Inc generated $17.3M in revenue in fiscal year 2025. This represents an increase of 95916.7% from the prior year.
RYTHM Inc's EBITDA was -$26.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 616.9% from the prior year.
RYTHM Inc reported -$33.3M in net income in fiscal year 2025. This represents an increase of 20.3% from the prior year.
RYTHM Inc earned $-16.68 per diluted share (EPS) in fiscal year 2025. This represents an increase of 59.2% from the prior year.
Cash & Balance Sheet
RYTHM Inc held $32.2M in cash against $5.0M in long-term debt as of fiscal year 2025.
RYTHM Inc had 2M shares outstanding in fiscal year 2025. This represents an increase of 10.1% from the prior year.
Margins & Returns
RYTHM Inc's gross margin was 59.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 453.4 percentage points from the prior year.
RYTHM Inc's operating margin was -187.1% in fiscal year 2025, reflecting core business profitability. This is up 27996.2 percentage points from the prior year.
RYTHM Inc's net profit margin was -192.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 231729.8 percentage points from the prior year.
RYTHM Inc's ROE was -255.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 106.8 percentage points from the prior year.
Capital Allocation
RYM Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.3M+24.6% | $10.7M+163.7% | $4.0M+98.0% | $2.0M+279.6% | $538K | N/A | $1.9M-35.4% | $3.0M |
| Cost of Revenue | $2.9M+10.4% | $2.6M-1.9% | $2.7M+96.2% | $1.4M+203.6% | $448K | N/A | $1.7M-8.5% | $1.9M |
| Gross Profit | $10.4M+29.3% | $8.0M+484.9% | $1.4M+101.6% | $682K+657.8% | $90K | N/A | $225K-80.0% | $1.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | $168K-9.2% | $185K |
| SG&A Expenses | $14.4M+15.3% | $12.5M+22.0% | $10.3M+37.2% | $7.5M+97.3% | $3.8M | N/A | $1.2M+80.2% | $677K |
| Operating Income | -$4.0M+68.8% | -$12.9M-45.7% | -$8.9M-30.7% | -$6.8M-83.7% | -$3.7M | N/A | -$1.2M-43.0% | -$853K |
| Interest Expense | $1.8M-5.4% | $1.9M+35.9% | $1.4M+155.5% | $548K+119.2% | $250K | N/A | $0 | $0 |
| Income Tax | -$25.6M | N/A | N/A | N/A | N/A | N/A | -$150K-2900.0% | -$5K |
| Net Income | $19.9M+246.4% | -$13.6M-27.6% | -$10.7M-44.9% | -$7.4M-352.6% | -$1.6M | N/A | -$18.7M-527.6% | -$3.0M |
| EPS (Diluted) | $1.33 | N/A | $-5.33-42.5% | $-3.74-350.6% | $-0.83 | N/A | $-17.28 | $-3.16 |
RYM Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $127.5M+19.5% | $106.7M-7.4% | $115.2M+65.8% | $69.5M+52.3% | $45.6M-15.5% | $54.0M+38.7% | $39.0M-1.1% | $39.4M |
| Current Assets | $46.3M-2.7% | $47.5M+8.3% | $43.9M-5.3% | $46.4M+70.6% | $27.2M-21.7% | $34.7M+67.0% | $20.8M+0.3% | $20.7M |
| Cash & Equivalents | $33.3M+3.4% | $32.2M-9.5% | $35.6M-13.1% | $41.0M+67.5% | $24.4M-21.6% | $31.2M+11751.7% | $263K+396.2% | $53K |
| Inventory | $3.1M-24.3% | $4.0M-12.4% | $4.6M+109.1% | $2.2M+199.3% | $738K+47.6% | $500K-97.2% | $18.1M-1.9% | $18.4M |
| Accounts Receivable | $8.4M-10.3% | $9.3M+261.0% | $2.6M+64.2% | $1.6M+312.6% | $381K+1170.0% | $30K-90.9% | $328K+20.6% | $272K |
| Goodwill | $9.7M0.0% | $9.7M0.0% | $9.7M0.0% | $9.7M0.0% | $9.7M0.0% | $9.7M | N/A | N/A |
| Total Liabilities | $90.9M-2.9% | $93.7M-9.5% | $103.4M+113.2% | $48.5M+158.0% | $18.8M-27.5% | $25.9M-22.6% | $33.5M+8.4% | $30.9M |
| Current Liabilities | $90.4M+110.3% | $43.0M+94.7% | $22.1M+25.8% | $17.5M-3.7% | $18.2M-26.2% | $24.7M-11.1% | $27.8M+10.4% | $25.1M |
| Long-Term Debt | $80.6M+1512.4% | $5.0M-37.5% | $8.0M-80.3% | $40.6M+282.7% | $10.6M+1061400.0% | $1K-100.0% | $6.2M+35.9% | $4.6M |
| Total Equity | $36.6M+180.9% | $13.0M+11.1% | $11.7M-44.1% | $21.0M-21.8% | $26.8M-4.5% | $28.1M+414.7% | $5.5M-35.8% | $8.5M |
| Retained Earnings | -$320.9M+5.8% | -$340.8M-4.2% | -$327.2M-3.4% | -$316.5M-2.4% | -$309.2M-0.6% | -$307.3M-8.5% | -$283.2M-7.1% | -$264.5M |
RYM Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.0M+134.6% | -$3.0M+43.9% | -$5.4M+36.1% | -$8.4M-25.3% | -$6.7M-26.0% | -$5.3M-271.9% | -$1.4M+21.6% | -$1.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.8M |
| Investing Cash Flow | N/A | $0+100.0% | -$50.0M | N/A | N/A | -$394K-9950.0% | $4K-50.0% | $8K |
| Financing Cash Flow | -$1K+99.7% | -$337K-100.7% | $50.0M+66.7% | $30.0M+3000100.0% | -$1K-100.0% | $36.6M+2133.5% | $1.6M-7.8% | $1.8M |
| 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 |
RYM Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.3%+2.8pp | 75.4%+41.4pp | 34.0%+0.6pp | 33.4%+16.7pp | 16.7% | N/A | 11.6%-26.0pp | 37.6% |
| Operating Margin | -30.4%+91.1pp | -121.5%+98.4pp | -219.8%+113.1pp | -332.9%+355.0pp | -687.9% | N/A | -63.1%-34.6pp | -28.5% |
| Net Margin | 150.0%+277.6pp | -127.6%+136.2pp | -263.8%+96.6pp | -360.4%-58.2pp | -302.2% | N/A | -964.4%-865.1pp | -99.3% |
| Return on Equity | 54.5%+159.0pp | -104.5%-13.5pp | -91.0%-55.9pp | -35.1%-29.1pp | -6.1% | N/A | -341.8%-306.8pp | -35.0% |
| Return on Assets | 15.6%+28.4pp | -12.8%-3.5pp | -9.3%+1.3pp | -10.6%-7.0pp | -3.6% | N/A | -47.9%-40.3pp | -7.5% |
| Current Ratio | 0.51-0.6 | 1.11-0.9 | 1.99-0.7 | 2.64+1.2 | 1.49+0.1 | 1.41+0.7 | 0.75-0.1 | 0.82 |
| Debt-to-Equity | 2.20+1.8 | 0.38-0.3 | 0.68-1.3 | 1.94+1.5 | 0.40+0.4 | 0.00-1.1 | 1.13+0.6 | 0.54 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -61.2% |
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Frequently Asked Questions
What is RYTHM Inc's annual revenue?
RYTHM Inc (RYM) reported $17.3M in total revenue for fiscal year 2025. This represents a 95916.7% 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 RYTHM Inc's revenue growing?
RYTHM Inc (RYM) revenue grew by 95916.7% year-over-year, from $18K to $17.3M in fiscal year 2025.
Is RYTHM Inc profitable?
No, RYTHM Inc (RYM) reported a net income of -$33.3M in fiscal year 2025, with a net profit margin of -192.4%.
What is RYTHM Inc's EBITDA?
RYTHM Inc (RYM) had EBITDA of -$26.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does RYTHM Inc have?
As of fiscal year 2025, RYTHM Inc (RYM) had $32.2M in cash and equivalents against $5.0M in long-term debt.
What is RYTHM Inc's gross margin?
RYTHM Inc (RYM) had a gross margin of 59.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is RYTHM Inc's operating margin?
RYTHM Inc (RYM) had an operating margin of -187.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is RYTHM Inc's net profit margin?
RYTHM Inc (RYM) had a net profit margin of -192.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is RYTHM Inc's return on equity (ROE)?
RYTHM Inc (RYM) has a return on equity of -255.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is RYTHM Inc's operating cash flow?
RYTHM Inc (RYM) generated -$23.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are RYTHM Inc's total assets?
RYTHM Inc (RYM) had $106.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is RYTHM Inc's current ratio?
RYTHM Inc (RYM) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.
What is RYTHM Inc's debt-to-equity ratio?
RYTHM Inc (RYM) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is RYTHM Inc's return on assets (ROA)?
RYTHM Inc (RYM) had a return on assets of -31.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is RYTHM Inc's cash runway?
Based on fiscal year 2025 data, RYTHM Inc (RYM) had $32.2M in cash against an annual operating cash burn of $23.5M. This gives an estimated cash runway of approximately 16 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.
What is RYTHM Inc's Altman Z-Score?
RYTHM Inc (RYM) has an Altman Z-Score of -4.90, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is RYTHM Inc's Piotroski F-Score?
RYTHM Inc (RYM) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are RYTHM Inc's earnings high quality?
RYTHM Inc (RYM) has an earnings quality ratio of 0.71x, 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.
Can RYTHM Inc cover its interest payments?
RYTHM Inc (RYM) has an interest coverage ratio of -7.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is RYTHM Inc?
RYTHM Inc (RYM) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.