Algorhythm Holdings Announces 2025 Financial Results
Rhea-AI Summary
Algorhythm Holdings (NASDAQ:RIME) reported strong 2025 operational progress, with revenue up 1,367% to $4.4 million and net loss down 32% to $16.6 million. Total liabilities fell 49.3% to $14.6 million and cash was $6.1 million at year-end.
The company achieved an ARR of approximately $10 million from its SemiCab India acquisition, launched the Apex SaaS platform, secured a supply-chain finance facility with Bank of America, and reported cash of $10.9 million as of March 25, 2026.
Positive
- Revenue +1,367% to $4.4 million in 2025
- Total liabilities -49.3% to $14.6 million as of Dec 31, 2025
- Net loss -32% to $16.6 million in 2025
- SemiCab ARR ~ $10M as of December 2025
- Cash increased to $10.9M as of March 25, 2026 (post-year-end)
Negative
- Year-end cash $6.1M, down from $7.2M at Dec 31, 2024
- Net loss $16.6M remains a sizable operating deficit for 2025
- Operating expenses still $6.6M in 2025 despite reductions
News Market Reaction – RIME
On the day this news was published, RIME declined 4.55%, reflecting a moderate negative market reaction. Argus tracked a peak move of +6.5% during that session. Argus tracked a trough of -17.0% from its starting point during tracking. Our momentum scanner triggered 19 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $362K from the company's valuation, bringing the market cap to $7.60M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
RIME gained 21.1% while only one peer in the momentum set (WLDS) moved modestly higher and others were mixed, indicating a stock-specific reaction rather than a broad sector move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 19 | Q3 2025 earnings | Positive | -23.2% | Reported 1,273% YoY revenue growth and lower operating expenses and losses. |
| Aug 20 | Q2 2025 earnings | Positive | -19.3% | Higher revenue, sharply improved margins, and much smaller net loss for Q2 2025. |
| May 16 | Q1 2025 earnings | Negative | +3.5% | Revenue declined and net loss widened despite better gross margin and SemiCab acquisition. |
| Apr 16 | 2024 results | Negative | -4.0% | 2024 revenue fell and net loss increased while company pivoted to AI logistics. |
| Nov 20 | Q3 2024 earnings | Neutral | -8.6% | Revenue declined but net income improved and operating expenses decreased on one-time gain. |
Earnings releases have often coincided with negative price reactions, even when operational metrics improved.
Over the past five earnings cycles, Algorhythm has been transitioning from consumer electronics to an AI-driven logistics model centered on SemiCab. Prior reports highlighted triple‑digit revenue growth, narrowing losses, and balance sheet shifts, yet shares frequently fell after earnings, with an average move of -10.33%. Today’s full‑year 2025 results emphasize sharp revenue growth, lower expenses, and reduced liabilities, marking continuity in the turnaround narrative but a different, positive price response.
Historical Comparison
Historically, RIME’s earnings headlines led to an average move of -10.33%, often negative despite operational gains. Today’s full‑year 2025 report and the 21.1% rise mark a sharp break from that pattern.
Earnings updates trace a pivot from karaoke hardware to an AI logistics platform built on SemiCab, with earlier quarters showing fleet expansion, SaaS launches, and asset sales, now culminating in full‑year 2025 results featuring rapid SemiCab-driven growth and a leaner balance sheet.
Market Pulse Summary
This announcement highlights full‑year 2025 results featuring $4.4 million in revenue, a 1,367% increase, alongside lower operating expenses and a net loss narrowed to $16.6 million. Total liabilities dropped to $14.6 million, and SemiCab’s ARR reached roughly $10 million by December. Investors may track future earnings for margin trends, cash levels after the reported $10.9 million balance, SemiCab contract momentum, and progress scaling the Apex SaaS platform.
Key Terms
annualized revenue run rate financial
saas technical
supply chain finance receivables facility financial
non-dilutive working capital financial
3pl technical
full-truckload market technical
AI-generated analysis. Not financial advice.
Revenue Grows by 1,
Fort Lauderdale, FL, April 02, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a leading AI technology company, announced today its results of operations for the year ended December 31, 2025.
2025 Financial Highlights
- Revenue increased
$4.1 million , or 1,367% , to$4.4 million for the year ended December 31, 2025 compared to$0.3 million for the year ended December 31, 2024. - Operating expenses decreased
$1.6 million , or19.5% , to$6.6 million for the year ended December 31, 2025 from$8.2 million for the year ended December 31, 2024. - Net loss decreased
$7.8 million , or32.0% , to$16.6 million for the year ended December 31, 2025 compared to$24.4 million for the year ended December 31, 2024, of which$6.8 million and$8.9 million , respectively, was for non-cash warrant-related charges. - Total liabilities decreased
$14.2 million , or49.3% , to$14.6 million as of December 31, 2025 from$28.8 million as of December 31, 2024. - Cash on hand was
$6.1 million as of December 31, 2025 compared to$7.2 million as of December 31, 2024.
“We are very pleased with the progress we made this past year boosting revenue while cutting expenses,” stated Gary Atkinson, Chief Executive Officer of Algorhythm Holdings. “During the year, we scaled our SemiCab business to over
“We also strengthened our balance sheet during 2025,” added Alex Andre, Chief Financial Officer of Algorhythm Holdings. “We had cash of
2025 Business Highlights
During 2025, SemiCab achieved five new contract wins with some of the largest multinational fast moving consumer goods companies (FMCGs) in India, and was awarded six contract expansions for increased lanes and trip volume ranging between
- In June, the company announced that SemiCab was awarded a multi-million-dollar expansion by Procter & Gamble India covering new geographic regions across the country.
- In July, the company announced that Kellanova awarded SemiCab a significant expansion into new freight lanes following a successful pilot program.
- In August, the company announced that SemiCab signed a new master service agreement with Bajaj Electricals, one of the largest electronics manufacturers in India, with over
$560 million in annual sales. - In November, the company announced that SemiCab was awarded a contract expansion by Marico of up to
$3 million for freight coverage across key India distribution lanes. - In December, the company announced that Asian Paints, one of the 10 largest global shippers in the paints industry, awarded SemiCab a
$6 million contract expansion, the largest in its history, increasing Asian Paints’ active lanes from 25 to 183.
Algorhythm Holdings also evolved substantially during 2025, marked by numerous business achievements:
- The company acquired SMCB Solutions, which owns the India segment of our SemiCab business.
- SemiCab launched “Apex”, its new software-as-a-service (SaaS) platform that brings SemiCab’s proven AI-driven collaborative logistics technology to 3PLs and multi-enterprise shippers in the United States and Europe.
- SemiCab secured a supply chain finance receivables facility with Bank of America to provide its India business with access to millions of dollars of low-cost, non-dilutive working capital.
- SemiCab won “Best Value” Award from its largest customer at LogiMeet 2025.
Outlook for 2026
Algorhythm Holdings enters 2026 with a rapidly growing global footprint, a quickly expanding enterprise customer base, and an asset-light SaaS strategy designed to improve the company’s margins and the scalability of its software. SemiCab’s deep pipeline of FMCGs in India and new Apex SaaS platform will drive new enterprise pilots across the United States and Europe. Looking ahead, Mr. Atkinson said he expects strong revenue growth to continue throughout 2026.
“SemiCab has evolved into a leading high-growth AI logistics company that is delivering real savings, real efficiency gains, and real environmental benefits to some of the world’s largest shippers,” stated Mr. Atkinson. “During 2025, we achieved five new contract wins and were awarded six contract expansions that helped us hit an ARR of approximately
“We recently marked our entry into the
Management will host a conference call on Wednesday, April 2, 2026, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update.
Conference Call Details:
Date: Wednesday, April 2, 2026
Time: 10:00 a.m. EDT
Dial-in number: 888-999-3182
Conference ID: RIME
About Algorhythm Holdings
Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com.
Investor Relations Contact
Brendan Hopkins
407-645-5295
investors@algoholdings.com
www.algoholdings.com
Media Contact
FischTank PR
Algorhythm@fischtankpr.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2025. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.
Algorhythm Holdings, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
| December 31, 2025 | December 31, 2024 | |||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash | $ | 1,632,000 | $ | 7,233,000 | ||||
| Restricted cash | 4,514,000 | - | ||||||
| Accounts receivable, net of allowances of | 1,061,000 | 121,000 | ||||||
| Accounts receivable, related party | - | 701,000 | ||||||
| Prepaid expenses and other current assets | 729,000 | 59,000 | ||||||
| Current assets of discontinued operations | - | 8,649,000 | ||||||
| Total Current Assets | 7,936,000 | 16,763,000 | ||||||
| Property and equipment, net | 22,000 | 2,000 | ||||||
| Other non-current assets | 79,000 | - | ||||||
| Intangible assets, net | 2,005,000 | 345,000 | ||||||
| Goodwill | 2,682,000 | 786,000 | ||||||
| Non-current assets of discontinued operations | - | 406,000 | ||||||
| Total Assets | $ | 12,724,000 | $ | 18,302,000 | ||||
| Liabilities and Shareholders’ Equity | ||||||||
| Current Liabilities | ||||||||
| Accounts payable | $ | 1,413,000 | $ | 387,000 | ||||
| Accrued expenses | 1,556,000 | 1,746,000 | ||||||
| Other current liabilities | 69,000 | - | ||||||
| Warrant liability | - | 16,603,000 | ||||||
| Promissory notes payable, net | 9,102,000 | 50,000 | ||||||
| Current portion of notes payable to related parties | 2,300,000 | 265,000 | ||||||
| Current liabilities of discontinued operations | - | 9,387,000 | ||||||
| Total Current Liabilities | 14,440,000 | 28,438,000 | ||||||
| Long-term provision for employee benefits | 144,000 | - | ||||||
| Notes payable to related parties, net of current portion | - | 385,000 | ||||||
| Total Liabilities | 14,584,000 | 28,823,000 | ||||||
| Commitments and Contingencies | ||||||||
| Shareholders’ Equity (Deficit) | ||||||||
| Preferred stock, | - | - | ||||||
| Common stock, | 35,000 | 5,000 | ||||||
| Additional paid-in capital | 65,674,000 | 39,682,000 | ||||||
| Accumulated other comprehensive loss | (25,000 | ) | - | |||||
| Accumulated deficit | (65,043,000 | ) | (49,172,000 | ) | ||||
| Non-controlling interest | (1,743,000 | ) | (1,036,000 | ) | ||||
| Treasury stock, 10,990 and -0- shares reserved at December 31, 2025 and December 31, 2024 | (758,000 | ) | - | |||||
| Total Shareholders’ Deficit | (1,860,000 | ) | (10,521,000 | ) | ||||
| Total Liabilities and Shareholders’ Deficit | $ | 12,724,000 | $ | 18,302,000 | ||||
See notes to the consolidated financial statements
Algorhythm Holdings, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
| Year Ended | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| Net Sales | $ | 4,391,000 | $ | 297,000 | ||||
| Cost of Sales | 5,706,000 | 491,000 | ||||||
| Gross Loss | (1,315,000 | ) | (194,000 | ) | ||||
| Operating Expenses | ||||||||
| Selling expenses | 4,000 | - | ||||||
| General and administrative expenses | 6,629,000 | 4,656,000 | ||||||
| Impairment of goodwill | - | 3,592,000 | ||||||
| Total Operating Expenses | 6,633,000 | 8,248,000 | ||||||
| Loss From Operations | (7,948,000 | ) | (8,442,000 | ) | ||||
| Other Expenses | ||||||||
| Change in fair value of warrant liability | (6,468,000 | ) | 334,000 | |||||
| Loss on issuance of warrants | - | (8,889,000 | ) | |||||
| Interest expense, net | (747,000 | ) | (1,887,000 | ) | ||||
| Total Other Expenses | (7,215,000 | ) | (10,442,000 | ) | ||||
| Loss From Continuing Operations Before Income Tax | (15,163,000 | ) | (18,884,000 | ) | ||||
| Income tax loss attributable to continuing operations | (47,000 | ) | - | |||||
| Net Loss From Continuing Operations | (15,210,000 | ) | (18,884,000 | ) | ||||
| Net loss from discontinued operations | (1,362,000 | ) | (5,483,000 | ) | ||||
| Net Loss | (16,572,000 | ) | (24,367,000 | ) | ||||
| Net loss attributable to non-controlling interest | 701,000 | 1,110,000 | ||||||
| Net Loss Available to Common Shareholders | $ | (15,871,000 | ) | $ | (23,257,000 | ) | ||
| Loss Per Common Share | ||||||||
| Basic and diluted from continuing operations | $ | (5.86 | ) | $ | (270.44 | ) | ||
| Basic and diluted from discontinued operations | (0.55 | ) | (83.43 | ) | ||||
| Basic and diluted | $ | (6.41 | ) | $ | (353.87 | ) | ||
| Weighted Average Common and Common | ||||||||
| Equivalent Shares: | ||||||||
| Basic and diluted | 2,475,293 | 65,722 | ||||||
See notes to the consolidated financial statements
