RYTHM (RYM) Financials
Ticker history: AGFY became RYM (RYTHM, Inc.) on . Earlier news and filings retain their original names and dates. View AGFY history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RYM SEC filings page.
RYTHM, Inc. (RYM) reported $70.8M in revenue over the twelve months to Sep 30, 2026, up 969.0% from the prior twelve months. This page shows its 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).
The business earns gross profit, but oversized overhead and financing dependence still leave operations cash-negative.
From FY2023 to FY2025, gross margin improved by32.4 percentage points while revenue increased14.1% , suggesting better production economics rather than mere top-line expansion. Yet FY2025 selling, general and administrative costs reached$34.1M against$10.2M of gross profit, so the margin improvement did not translate into operating break-even.
FY2025 liabilities were
The cash-conversion gap is narrower than the income statement alone suggests: a net loss of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. 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. held $32.2M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $23.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and RYTHM, Inc. scores 44/100 among other emerging companies.
RYTHM, Inc. had 2M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and RYTHM, Inc. scores 96/100 among other emerging companies.
Not available for RYTHM, Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
RYTHM, Inc. reported revenue of $17.3M in fiscal year 2025, against $18K in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and RYTHM, Inc. scores 51/100 among other emerging companies.
RYTHM, Inc.'s operations used $23.5M of cash in fiscal year 2025, against $11.6M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and RYTHM, Inc. scores 61/100 among other emerging companies.
RYTHM, Inc.'s cash, cash equivalents and investments came to $32.2M at the end of fiscal year 2025, against $93.7M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and RYTHM, Inc. scores 37/100 among other emerging companies.
RYTHM, Inc. scores -5.03, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $340.8M against total assets of $106.7M. 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.
RYTHM, Inc. reported a net loss of $33.3M while operations used $23.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
RYTHM, Inc. reported an operating loss of $32.3M against $4.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
RYTHM, Inc. generated $23.9M in revenue in Q3 2026. This represents an increase of 490.1% from the same quarter a year earlier. Against the prior quarter it is up 3.6%.
RYTHM, Inc.'s EBITDA was $4.5M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 16.9%.
RYTHM, Inc. reported a net loss of $533K in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 145.0%.
Cash & Balance Sheet
RYTHM, Inc. held $48.2M in cash against $80.6M in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
RYTHM, Inc.'s gross margin was 76.9% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 42.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.6 percentage points.
RYTHM, Inc.'s operating margin was 4.1% in Q3 2026, reflecting core business profitability. Against the prior quarter it is down 4.3 percentage points. No change is given against Q3 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
RYTHM, Inc.'s net profit margin was -2.2% in Q3 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 7.4 percentage points. No change is given against Q3 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
RYTHM, Inc.'s quarterly ROE was -1.3% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 89.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.3 percentage points.
Capital Allocation
None of these metrics is reported for Q3 2026.
RYM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.9M+490.1% | $23.0M+1027.4% | $13.3M+2369.5% | $10.7M+494793.2% | $4.0M+208948.6% | $2.0M+68103.1% | $538K+20608.2% | $2K-99.9% |
| Cost of Revenue | $5.5M+106.4% | $4.5M+229.8% | $2.9M+544.9% | $2.6M | $2.7M+156014.7% | $1.4M+72744.1% | $448K+18313.5% | N/A |
| Gross Profit | $18.4M+1234.6% | $18.5M+2617.9% | $10.4M+11452.2% | $8.0M | $1.4M+611011.1% | $682K+60414.6% | $90K+54445.5% | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $115-100.0% |
| SG&A Expenses | $17.4M+69.2% | $16.6M+121.9% | $14.4M+280.7% | $12.5M | $10.3M+841129.5% | $7.5M+1104774.4% | $3.8M+244165.5% | N/A |
| Operating Income | $981Kn/m | $1.9Mn/m | -$4.0Mn/m | -$12.9M | -$8.9Mn/m | -$6.8Mn/m | -$3.7M-1048541.9% | N/A |
| EBITDA | $4.5Mn/m | $5.4Mn/m | -$591Kn/m | -$9.3M | -$7.1Mn/m | -$6.4Mn/m | -$3.4M-443446.5% | N/A |
| Interest Expense | $1.7M+18.8% | $1.7M+215.1% | $1.7M+596.8% | $1.9M | $1.4Mn/m | $548Kn/m | $250Kn/m | N/A |
| Income Tax | N/A | -$1.2M | -$25.6M | N/A | N/A | N/A | N/A | $167-100.0% |
| Net Income | -$533Kn/m | $1.2Mn/m | $19.9Mn/m | -$13.6Mn/m | -$10.7Mn/m | -$7.4Mn/m | -$1.6M-38485.3% | -$24K-104.2% |
| EPS (Basic) | -$0.07 | $0.09 | $1.53 | -$6.72 | -$5.33 | -$3.74 | -$0.83 | -$19.93 |
| EPS (Diluted) | -$0.07 | $0.09 | $1.33 | -$6.72 | -$5.33 | -$3.74 | -$0.83 | -$19.93 |
| Diluted Shares (Avg) | 8M | 2M | 5M | N/A | 2M | 2M | 2M | N/A |
RYM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $134.7M+16.9% | $135.4M+94.9% | $127.5M+179.5% | $106.7M+197369.5% | $115.2M+295530.5% | $69.5M+176292.6% | $45.6M+112144.4% | $54K-99.9% |
| Current Assets | $59.2M+34.8% | $56.4M+21.6% | $46.3M+70.2% | $47.5M+136955.4% | $43.9M+211233.7% | $46.4M+223767.9% | $27.2M+131319.9% | $35K-99.9% |
| Cash & Equivalents | $48.2M+35.6% | $41.9M+2.3% | $33.3M+36.2% | $32.2M+103204.5% | $35.6M+13525755.5% | $41.0M+77275371.7% | $24.4M+25735689.5% | $31K-92.8% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% |
| Inventory | $1.4M-70.1% | $2.7M+24.4% | $3.1M+314.8% | $4.0M+808900.0% | $4.6M+25435.0% | $2.2M+11887.8% | $738K+3857.5% | $500-100.0% |
| Accounts Receivable | $7.8M+201.1% | $7.9M+403.8% | $8.4M+2093.4% | $9.3M+31056566.7% | $2.6M+786790.2% | $1.6M+577841.2% | $381K+180468.7% | $30-100.0% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $9.7M0.0% | $9.7M0.0% | $9.7M0.0% | $9.7M+99900.0% | $9.7M | $9.7M | $9.7M | $10K |
| Total Liabilities | $92.6M-10.5% | $96.3M+98.5% | $90.9M+383.7% | $93.7M+361049.9% | $103.4M+308698.3% | $48.5M+156934.2% | $18.8M+40687.0% | $26K-100.0% |
| Current Liabilities | $91.9M+316.6% | $95.5M+444.2% | $90.4M+396.1% | $43.0M+173975.1% | $22.1M+79364.1% | $17.5M+69663.0% | $18.2M+68072.6% | $25K-99.9% |
| Non-Current Liabilities | $675K-99.2% | $824K-97.3% | $592K+0.5% | $50.7M+3942.8% | $81.4M+1320.3% | $31.0M+439.1% | $589K-97.0% | $1.3M-93.3% |
| Long-Term Debt | $80.6M+907.8% | $80.6M+98.5% | $80.6M+659.5% | $5.0M+499999900.0% | $8.0M+129161.6% | $40.6M+892081.0% | $10.6M | $1-100.0% |
| Total Equity | $42.1M+258.9% | $39.1M+86.5% | $36.6M+36.4% | $13.0M+46252.7% | $11.7M+214706.7% | $21.0M+246697.7% | $26.8Mn/m | $28Kn/m |
| Retained Earnings | -$320.2Mn/m | -$319.7Mn/m | -$320.9Mn/m | -$340.8Mn/m | -$327.2Mn/m | -$316.5Mn/m | -$309.2Mn/m | -$307Kn/m |
RYM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.3Mn/m | $8.7Mn/m | $1.0Mn/m | -$3.0Mn/m | -$5.4Mn/m | -$8.4Mn/m | -$6.7Mn/m | -$5Kn/m |
| Depreciation & Amortization | $3.5M+96.0% | $3.5M+772.7% | $3.4M+924.7% | $3.6M+1181007.5% | $1.8M+598233.3% | $399K+99650.0% | $336K+82658.6% | $307-99.9% |
| Stock-Based Compensation | N/A | N/A | $570K-3.2% | N/A | N/A | N/A | $589K+20.2% | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $0n/m | -$50.0M-1250000100.0% | N/A | N/A | -$394n/m |
| Financing Cash Flow | N/A | N/A | N/A | -$337K-1020.0% | $50.0M+3048558.5% | $30.0M+1686240.6% | -$1K-143.0% | $37K-99.3% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
RYM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.9%+42.9pp | 80.5%+47.1pp | 78.3%+61.5pp | 75.4% | 34.0%+22.4pp | 33.4%-4.2pp | 16.7%+10.4pp | N/A |
| Operating Margin | 4.1% | 8.4% | -30.4% | -121.5% | -219.8% | -332.9% | -687.9% | N/A |
| Net Margin | -2.2% | 5.1% | 150.0% | -127.6% | -263.8% | -360.4% | -302.2% | -1130.9% |
| Return on Equity | -1.3%+89.7pp | 3.0%+38.1pp | 54.5%+60.5pp | -104.5%-17.8pp | -91.0%+250.8pp | -35.1%-0.1pp | -6.1% | -86.7% |
| Return on Assets | -0.4%+8.9pp | 0.9%+11.5pp | 15.6%+19.2pp | -12.8%+32.3pp | -9.3%+38.6pp | -10.6%-3.0pp | -3.6%-14.0pp | -45.1%-46.4pp |
| Current Ratio | 0.64-1.3x | 0.59-2.1x | 0.51-1.0x | 1.11-0.3x | 1.99+1.2x | 2.64+1.8x | 1.49+0.7x | 1.41+0.8x |
| Debt-to-Equity | 1.92+1.2x | 2.06+0.1x | 2.20+1.8x | 0.38+0.4x | 0.68-0.5x | 1.94+1.4x | 0.40 | 0.00 |
| Liabilities-to-Equity | 2.20-6.6x | 2.46+0.1x | 2.49+1.8x | 7.19+6.3x | 8.82+2.7x | 2.31-1.3x | 0.70 | 0.92 |
| Asset Turnover | 0.18+0.1x | 0.17+0.1x | 0.10+0.1x | 0.10+0.1x | 0.040.0x | 0.030.0x | 0.01-0.1x | 0.040.0x |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| RYTHM, Inc. RYM | FY2025 | $17.3M | -$33.3M | N/A | $35.4M | 58/100 |
| 22nd Century Group Inc. XXII | FY2025 | $17.6M | -$5.1M | -28.7% | $1.1M | 42/100 |
| Greenlane Holdings, Inc. GNLN | FY2025 | $4.4M | -$85.6M | N/A | $847K | 37/100 |
| Ispire Technology Inc. ISPR | FY2026 | $96.0M | -$33.2M | -34.6% | $82.6M | 53/100 |
| Turning Point Brands, Inc. TPB | FY2025 | $463.1M | $58.2M | 12.6% | $1.4B | 79/100 |
| RLX Technology Inc. RLX | FY2025 | $566.1M | $131.8M | 23.3% | $2.0B | 68/100 |
Where RYTHM, Inc. Ranks
Frequently Asked Questions
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.
RYTHM, Inc. (RYM) revenue grew by 95916.7% year-over-year, from $18K to $17.3M in fiscal year 2025.
Yes, RYTHM, Inc. (RYM) reported a net income of $7.0M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $33.3M.
RYTHM, Inc. (RYM) had EBITDA of -$26.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, RYTHM, Inc. (RYM) had $32.2M in cash and equivalents against $5.0M in long-term debt.
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.
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.
RYTHM, Inc. (RYM) recorded an outflow of $23.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
RYTHM, Inc. (RYM) had $106.7M in total assets as of fiscal year 2025, including both current and long-term assets.
RYTHM, Inc. (RYM) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.
RYTHM, Inc. (RYM) had a debt-to-equity ratio of 0.38 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
RYTHM, Inc. (RYM) had a liabilities-to-equity ratio of 7.19 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
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.
RYTHM, Inc. (RYM) trades at 5.1x earnings, its market capitalization divided by $7.0M net income, trailing 12 months to September 30, 2026. The market capitalization is $35.4M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
RYTHM, Inc. (RYM) trades at 0.5x sales, its market capitalization divided by $70.8M revenue, trailing 12 months to September 30, 2026. The market capitalization is $35.4M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, RYTHM, Inc. (RYM) held $32.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $23.5M over that year. Dividing the one by the other, the reported balance equals about 16 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
RYTHM, Inc. (RYM) has an Altman Z-Score of -5.03, 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.
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.
RYTHM, Inc. (RYM) reported a net loss of $33.3M while operations used $23.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
RYTHM, Inc. (RYM) reported an operating loss of $32.3M against $4.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.
RYTHM, Inc. (RYM) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is the average 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. For RYTHM, Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.