RYTHM, Inc. Reports Third Quarter 2025 Results
RYTHM (Nasdaq: RYM) reported third quarter 2025 results for the period ended September 30, 2025, including $4.0 million revenue from continuing operations (up 98% from $2.0 million prior quarter), an $8.9 million operating loss from continuing operations, and a $35.6 million cash balance. The company disclosed approximately 2.0 million shares outstanding, 7.6 million warrants, and 6.2 million shares issuable upon conversion of convertible notes (excluding interest).
Key corporate moves: on August 27, 2025 RYTHM acquired a portfolio of brand intellectual property (including RYTHM, Dogwalkers, Beboe), entered licensing agreements for manufacture and distribution, and on September 2, 2025 changed its name to RYTHM, Inc. and began trading under RYM. Product rollouts include Señorita THC Margaritas debuting in over 1,000 Circle K stores and select Target Minnesota pilot stores.
RYTHM (Nasdaq: RYM) ha riportato i risultati del terzo trimestre 2025 per il periodo terminato il 30 settembre 2025, includendo un ricavo di 4,0 milioni di dollari dalle attività in corso (in aumento del 98% rispetto a 2,0 milioni nel trimestre precedente), una perdita operativa di 8,9 milioni di dollari dalle attività in corso e una posizione di cassa di 35,6 milioni di dollari. L'azienda ha comunicato circa 2,0 milioni di azioni in circolazione, 7,6 milioni di warrant e 6,2 milioni di azioni da emettere mediante conversione di note convertibili (esclusi gli interessi).
Principali mosse aziendali: il 27 agosto 2025 RYTHM ha acquisito un portafoglio di proprietà intellettuali di marca (incluse RYTHM, Dogwalkers, Beboe), ha stipulato accordi di licenza per la produzione e la distribuzione, e il 2 settembre 2025 ha cambiato nome in RYTHM, Inc. e ha iniziato a negoziare con il ticker RYM. Le introduzioni di prodotto includono il debutto delle Señorita THC Margaritas in oltre 1.000 negozi Circle K e in pilota selezionati Target in Minnesota.
RYTHM (Nasdaq: RYM) informó los resultados del tercer trimestre de 2025 para el periodo que terminó el 30 de septiembre de 2025, incluyendo INGRESOS DE 4,0 MILLONES DE DÓLARES provenientes de operaciones continuas (un aumento del 98% respecto a 2,0 millones del trimestre anterior), una pérdida operativa de 8,9 millones de dólares de operaciones continuas y un saldo de caja de 35,6 millones de dólares. La compañía divulgó aproximadamente 2,0 millones de acciones en circulación, 7,6 millones de warrants, y 6,2 millones de acciones por conversión de notas convertibles (sin intereses).
Principales movimientos corporativos: el 27 de agosto de 2025, RYTHM adquirió un portafolio de propiedad intelectual de marca (incluyendo RYTHM, Dogwalkers, Beboe), firmó acuerdos de licencia para fabricación y distribución, y el 2 de septiembre de 2025, cambió su nombre a RYTHM, Inc. y comenzó a cotizar bajo RYM. Los despliegues de productos incluyen el debut de Señorita THC Margaritas en más de 1.000 tiendas Circle K y pilotaje en tiendas Target de Minnesota seleccionadas.
RYTHM(나스닥: RYM)은 2025년 9월 30일로 종료된 기간에 대한 2025년 3분기 실적을 발표했습니다. 내용에는 계속영업에서 400만 달러의 매출, 직전 분기의 200만 달러 대비 98% 증가, 계속영업에서의 영업손실 890만 달러, 현금잔고 3560만 달러가 포함됩니다. 회사는 약 200만 주의 발행주식, 760만 개의 워런트, 그리고 전환가능 채권의 전환으로 발행될 주식 620만 주를 공시했습니다(이자 제외).
주요 기업 움직임: 2025년 8월 27일 RYTHM은 브랜드 지적재산 포트폴리오를 인수하고(RYTHM, Dogwalkers, Beboe 포함), 제조 및 유통 라이선스 계약에 체결했으며, 2025년 9월 2일에 회사명을 RYTHM, Inc.로 변경하고 RYM으로 거래를 시작했습니다. 제품 출시로는 Señorita THC Margaritas가 1,000곳이 넘는 Circle K 매장과 미니애폴리스 Target의 파일럿 매장에서 데뷔합니다.
RYTHM (Nasdaq : RYM) a publié les résultats du troisième trimestre 2025 pour la période se terminant le 30 septembre 2025, y compris un chiffre d'affaires de 4,0 millions de dollars provenant des activités continues (en hausse de 98 % par rapport à 2,0 millions au trimestre précédent), une perte opérationnelle de 8,9 millions de dollars provenant des activités continues et un solde de trésorerie de 35,6 millions de dollars. L'entreprise a dévoilé environ 2,0 millions d'actions en circulation, 7,6 millions de bons de souscription, et 6,2 millions d'actions pouvant être émises par conversion de notes convertibles (hors intérêts).
Mouvements clés de l'entreprise : le 27 août 2025, RYTHM a acquis un portefeuille de propriété intellectuelle de marque (y compris RYTHM, Dogwalkers, Beboe), a conclu des accords de licence pour la fabrication et la distribution, et le 2 septembre 2025 a changé son nom en RYTHM, Inc. et a commencé à négocier sous le ticker RYM. Les lancements de produits incluent le lancement des Señorita THC Margaritas dans plus de 1 000 magasins Circle K et dans des magasins pilotes Target Minnesota sélectionnés.
RYTHM (Nasdaq: RYM) meldete die Ergebnisse des dritten Quartals 2025 für den Zeitraum bis zum 30. September 2025, darunter 4,0 Millionen Dollar Umsatz aus fortgeführten Geschäftsbereichen (im Vergleich zu 2,0 Millionen Dollar im vorherigen Quartal), eine Verlust von 8,9 Millionen Dollar aus fortgeführten Geschäftsbereichen und eine Barbestand von 35,6 Millionen Dollar. Das Unternehmen gab ca. 2,0 Millionen umlaufende Aktien, 7,6 Millionen Warrants und 6,2 Millionen Aktien, die durch Wandel von Anleihen ausgegeben werden können (ohne Zinsen) bekannt.
Wichtige Unternehmensschritte: Am 27. August 2025 erwarb RYTHM ein Portfolio von Marken-IP (einschließlich RYTHM, Dogwalkers, Beboe), schloss Lizenzvereinbarungen für Herstellung und Vertrieb ab, und am 2. September 2025 änderte es seinen Namen in RYTHM, Inc. und begann unter dem Ticker RYM zu handeln. Produktankündigungen umfassen die Einführung von Señorita THC Margaritas in über 1.000 Circle K Filialen und ausgewählten Target Minnesota-Pilotstores.
RYTHM (ناسداك: RYM) أبلغت عن نتائج الربع الثالث من 2025 للفترة المنتهية في 30 سبتمبر 2025، بما في ذلك إيرادات قدرها 4.0 ملايين دولار من العمليات المستمرة (ارتفاع 98% عن 2.0 مليون دولار في الربع السابق)، وخسارة تشغيلية قدرها 8.9 ملايين دولار من العمليات المستمرة، ورصيد نقدي قدره 35.6 مليون دولار. كشفت الشركة عن نحو 2.0 مليون سهم قائم، و7.6 مليون أداة خيار/واترنت، و6.2 مليون سهم يمكن إصدارها عند التحويل من سندات قابلة للتحويل (باستثناء الفوائد).
المبادرات الرئيسية للشركة: في 27 أغسطس 2025 استحوذت RYTHM على محفظة من الملكية الفكرية للعلامة التجارية (بما في ذلك RYTHM وDogwalkers وBeboe)، وأبرمت اتفاقيات ترخيص للتصنيع والتوزيع، وفي 2 سبتمبر 2025 غيّرت اسمها إلى RYTHM, Inc. وبدأت التداول تحت الرمز RYM. وتشمل إصدارات المنتجات إطلاق Señorita THC Margaritas في أكثر من 1,000 متجر Circle K وفي متاجر التجريبي Target مينيسوتا المختارة.
- Revenue +98% quarter-over-quarter to $4.0M
- Acquired brand portfolio including RYTHM, Dogwalkers, Beboe
- Señorita launched to >1,000 Circle K stores nationwide
- Cash balance of $35.6M
- Began trading on Nasdaq under RYM (effective Sep 2, 2025)
- Operating loss of $8.9M from continuing operations
- Approximately 6.2M shares issuable on convertible note conversion
- Outstanding 7.6M warrants and ~2.0M shares outstanding
Insights
Mixed operational progress: meaningful retail rollouts and brand acquisition offset by continued operating losses and modest scale.
Revenue from continuing operations rose to
These facts show a two-part business mechanism: revenue growth tied to product launches and distribution expansion, and simultaneous investment/operational costs driving the operating loss. The large rollout into over 1,000 Circle K stores and select Target pilot participation are concrete distribution milestones that can scale unit sales, while licensing deals shift some manufacturing and distribution cost and risk off the balance sheet.
Key dependencies and risks are explicit in the disclosed figures: further top-line growth must outpace operating costs to reduce losses; available cash of
ROLLING MEADOWS, Ill., Nov. 07, 2025 (GLOBE NEWSWIRE) -- RYTHM, Inc. (Nasdaq: RYM) (“RYTHM” or the “Company”) (formerly known as Agrify Corporation), which delivers well-being to consumers through its portfolio of iconic licensed brands and hemp-derived THC products including Señorita THC Margaritas and RYTHM, today announced financial results for the quarter ended September 30, 2025.
Third Quarter 2025 Financial Results
- Revenue from continuing operations of
$4.0 million , up98% from$2.0 million in the prior quarter. $8.9 million operating loss from continuing operations.- Cash balance of
$35.6 million . - Approximately 2.0 million shares, 7.6 million warrants outstanding and 6.2 million shares issuable upon conversion of outstanding convertible notes (excluding interest) as of September 30, 2025.
Recent Developments
- The Company’s Señorita THC Margaritas launched in global convenience store chain Circle K, rolling out to over 1,000 stores across the country, marking the largest convenience store hemp-derived THC beverage rollout to date in the U.S.
- Señorita THC Margaritas launched in select Minnesota Target stores as part of the retailer’s pilot program for hemp-derived THC beverages.
- On August 27, 2025, the Company acquired a portfolio of brand intellectual property (the “Brands”), including RYTHM, Dogwalkers, Beboe and others.
- Concurrent with this acquisition, the Company entered into licensing agreements for the Brands to be manufactured and distributed.
- On September 2, 2025, the Company changed its name to RYTHM, Inc. and began trading on the Nasdaq Capital Market under the symbol “RYM.”
Management Commentary
“It’s a new day, a new name and a new strategic direction for RYTHM, Inc.,” said Chairman and Interim CEO Ben Kovler. “We now own some of the most iconic and trusted THC brands, including RYTHM, Dogwalkers, incredibles, Beboe and others.
“Adult consumers, especially younger generations, are increasingly choosing THC beverages as an alternative to alcohol, creating a long tailwind for growth. With both licensing and direct revenue streams, RYTHM is well-positioned to capture this demand and execute our strategy as America’s THC Company.
“In the third quarter, we expanded our beverage portfolio with the launch of RYTHM Beverages, and built on the strong momentum of Señorita, our award-winning THC margarita brand. In October, Señorita debuted in select Minnesota Target stores as part of the retailer’s first foray into THC beverage sales. In addition, Señorita began rolling out to over 1,000 Circle K convenience stores nationwide. These partnerships reflect the growing acceptance and accessibility of THC products, which are also available online and through delivery services like DoorDash and GoPuff.
“As THC beverages continue to gain mainstream traction, our great-tasting flavors and better-for-you formulations give us a strong competitive advantage in a rapidly growing category. We believe the market has real momentum, and both Señorita and RYTHM are ready to deliver what Americans want—without the hangover.”
About Us
RYTHM’s portfolio of hemp-derived THC products delivers well-being to millions of Americans every year, and its brands are among the most recognized and trusted names in the cannabis and hemp industries, including RYTHM, incredibles, Dogwalkers, Beboe, Señorita THC Margaritas, &Shine, Doctor Solomon’s and Good Green. RYTHM products are rooted in quality, safety and innovation and are available in thousands of physical locations and online channels. The Company is deeply committed to shaping THC experiences that enhance the daily lives of American consumers. Learn more and explore the full brand portfolio at www.RYTHMinc.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning RYTHM and other matters. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements including, without limitation, statements regarding future financial results, alternatives for the extraction business, potential growth opportunities and plans for expansion, including potential growth of the Señorita brand, RYTHM’s ability to form partnerships and elevate brand visibility, and potential trends in the hemp-derived beverage and alcohol markets. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2024 with the SEC, which can be obtained on the SEC website at www.sec.gov. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.
Investor Contact:
RYTHM Investor Relations
IR@RYTHMinc.com
Media Contact:
RYTHM Communications
Media@RYTHMinc.com
| RYTHM, Inc. | ||||||||||
| Highlights from Unaudited Condensed Consolidated Statements of Operations | ||||||||||
| For the Three Months Ended September 30 and June 30, 2025 | ||||||||||
| (Amounts Expressed in Thousands of United States Dollars, Except for Share Amounts) | ||||||||||
| Three months ended September 30, | Three months ended June 30, | |||||||||
| 2025 | 2025 | |||||||||
| (Unaudited) | (Unaudited) | |||||||||
| Revenue | $ | 4,043 | $ | 2,042 | ||||||
| Cost of goods sold | 2,668 | 1,360 | ||||||||
| Gross profit | 1,375 | 682 | ||||||||
| Operating expenses | 10,263 | 7,480 | ||||||||
| Operating loss from continuing operations | (8,888 | ) | (6,798 | ) | ||||||
| Other income (expense), net | (1,745 | ) | (407 | ) | ||||||
| Loss from continuing operations before income taxes | (10,633 | ) | (7,205 | ) | ||||||
| Income tax provision | - | - | ||||||||
| Loss from continuing operations, net of income taxes | (10,633 | ) | (7,205 | ) | ||||||
| (Loss) income from discontinued operations, net of income taxes | (32 | ) | (155 | ) | ||||||
| Net loss | $ | (10,665 | ) | $ | (7,360 | ) | ||||
| Basic and diluted (loss) income per share | ||||||||||
| Continuing operations | $ | (5.31 | ) | $ | (3.66 | ) | ||||
| Discontinued operations | (0.02 | ) | (0.08 | ) | ||||||
| Net loss per share attributable to Common Stockholders - basic and diluted (1) | $ | (5.33 | ) | $ | (3.74 | ) | ||||
| Weighted average common shares outstanding - basic and diluted (1) | 2,002,568 | 1,965,425 | ||||||||
| (1) Periods presented have been adjusted to retroactively reflect the 1-for-15 reverse stock split on October 8, 2024. Additional information regarding reverse stock splits may be found in Note 1 - Overview, Basis of Presentation, and Significant Accounting Policies, included in the notes to the condensed consolidated financial statements. | ||||||||||
| RYTHM, Inc. | ||||||
| Highlights from Unaudited Condensed Consolidated Balance Sheet | ||||||
| (Amounts Expressed in Thousands of United States Dollars) | ||||||
| September 30, | ||||||
| 2025 | ||||||
| (Unaudited) | ||||||
| Cash and cash equivalents | $ | 35,573 | ||||
| Other current assets | 8,273 | |||||
| Current assets associated with discontinued operations | 48 | |||||
| Goodwill and intangible assets | 71,210 | |||||
| Non-current assets associated with discontinued operations | 50 | |||||
| Total assets | $ | 115,154 | ||||
| Accounts payable and accrued expenses | $ | 9,283 | ||||
| Related party debt, current | 10,000 | |||||
| Long-term debt, current | 621 | |||||
| Current liabilities associated with discontinued operations | 2,160 | |||||
| Warrant liabilities | 1,368 | |||||
| Related party debt, net of current | 72,000 | |||||
| Long-term debt, net of current | 8,000 | |||||
| Total equity | 11,722 | |||||
| Total liabilities and equity | $ | 115,154 | ||||
FAQ
What were RYTHM (RYM) third quarter 2025 revenue and operating loss?
How much cash did RYTHM (RYM) have at September 30, 2025?
What brands did RYTHM acquire on August 27, 2025 and why does it matter?
When did RYTHM start trading under the symbol RYM on Nasdaq?
How extensive is the Señorita THC Margaritas retail rollout for RYTHM?
How many potential dilution instruments does RYTHM have as of Sept 30, 2025?
