Every 10-Q that Algorhythm Holdings Inc (RIME) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RIME and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RIME filings page.
Algorhythm Holdings, Inc., an AI-driven logistics platform focused on its SemiCab business, reports continued losses for the three and six months ended June 30, 2026 while exiting its prior karaoke products business as discontinued operations. Net sales were $3,005,000 for the quarter and $5,405,000 for the six months, up sharply from $1,152,000 and $1,275,000 a year earlier, but cost of sales and operating expenses produced a six‑month net loss of $9,529,000.
Total assets increased to $18,568,000 from $12,724,000, driven by higher cash, intangibles and right‑of‑use assets, while total liabilities were $15,288,000, including $6,413,000 of promissory notes and $2,300,000 of related‑party debt. Shareholders’ equity improved from a deficit of $(1,860,000) at December 31, 2025 to positive $3,280,000, primarily from large equity issuances and the exchange of Streeterville debt into $3,500,000 of Series A preferred stock.
Cash and restricted cash totaled $7,955,000, but management states this is insufficient to fund planned operations for 12 months and concludes that substantial doubt exists about the company’s ability to continue as a going concern. The company is relying on external financings, including secured pre‑paid share purchase facilities, and settled a $500,000 Blue Yonder judgment in July 2026. As of August 11, 2026, 16,990,135 common shares were outstanding.
Algorhythm Holdings, Inc. (RIME) reported a Q1 2026 net loss of $5.4 million from continuing operations on $2.4 million of net sales, up sharply from $123,000 a year earlier. Despite strong revenue growth and a smaller loss than the prior-year period, gross margin remained negative as cost of sales of $3.1 million exceeded revenue.
The company ended March 31, 2026 with $10.9 million of cash and restricted cash and total assets of $18.5 million, but carried $15.3 million of liabilities, including $9.5 million of promissory notes and $2.3 million of related-party debt. Management disclosed that existing cash will not fund planned operations for one year and concluded that substantial doubt exists about the company’s ability to continue as a going concern.
Algorhythm has shifted fully into its SemiCab AI-enabled logistics platform after selling the Singing Machine karaoke business, and is relying heavily on structured financings. In Q1 2026 it raised cash through multiple high-cost promissory notes and pre-paid share purchase facilities with Streeterville Capital, including a fourth pre-paid purchase with $10.4 million of principal, while issuing over 10.7 million shares to settle prepaid purchase obligations and recognizing $923,000 of stock-based compensation.
Algorhythm Holdings, Inc. (RIME) is now a pure-play AI logistics company but remains under severe financial pressure. The company sold its legacy Singing Machine karaoke business on August 1, 2025 for $500,000, which is reported as a discontinued operation, and now operates solely through its SemiCab AI-enabled logistics platform.
From continuing operations, net sales for the nine months ended September 30, 2025 rose to $3,018,000 from $127,000 a year earlier, yet the business still generated a gross loss of $698,000 and a loss from continuing operations of $10,713,000. Including discontinued operations, net loss was $13,085,000 versus $7,513,000 in the prior-year period.
Cash declined to $2,839,000 at September 30, 2025 from $7,233,000 at December 31, 2024, and management states there is substantial doubt about the company’s ability to continue as a going concern without additional financing. To fund operations, Algorhythm entered into multiple high-cost debt and structured equity arrangements, including a secured prepaid share purchase with Streeterville Capital and several short-term notes. Shares outstanding were 2,721,778 as of November 17, 2025 after a 1-for-200 reverse stock split and warrant-driven share issuances.