Rythm, Inc. income statement
In fiscal 2025, Rythm, Inc. reported revenue of $17.3m, up 95916.7% on the year before, operating income of −$32.3m (a -187.1% margin) and net income of −$33.3m, or −$16.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 12 | 60 | 58 | 15 | 0 | 17 | 51 |
| Cost of revenue | 12 | 55 | 90 | 11 | 0 | 7 | 13 |
| Gross profit | 1 | 5 | −32 | 4 | −0 | 10 | 38 |
| Research and development | 3 | 4 | 8 | 2 | 1 | — | — |
| Selling, general and administrative | 10 | 31 | 73 | 16 | 7 | 34 | 54 |
| Operating income | −13 | −35 | −193 | −13 | −5 | −32 | −24 |
| Interest expense | — | 1 | 3 | — | 0 | 4 | — |
| Net interest income | −0 | 0 | −9 | −2 | −0 | — | — |
| Income before tax | −22 | −32 | −188 | −13 | −23 | −35 | −30 |
| Income tax | — | 0 | 0 | 0 | −0 | — | — |
| Net income | −22 | −32 | −188 | −19 | −42 | −33 | −3 |
| Diluted EPS | −$52.06 | −$16.54 | −$8829.33 | −$1836.35 | −$20.46 | −$16.68 | −$1.09 |
| Diluted shares (average) | — | — | 21m | — | 2m | 2m | 3m |
| EBITDA | −12 | −34 | −190 | −11 | −4 | −26 | −12 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | −8 | 1 | 2 | 4 | 11 | 13 | 23 |
| Cost of revenue | 2 | −6 | 0 | 1 | 3 | 3 | 3 | 4 |
| Gross profit | 0 | −2 | 0 | 1 | 1 | 8 | 10 | 19 |
| Research and development | 0 | 0 | — | — | — | — | — | — |
| Selling, general and administrative | 1 | 3 | 4 | 7 | 10 | 13 | 14 | 17 |
| Operating income | −1 | −3 | −4 | −7 | −9 | −13 | −4 | 2 |
| Interest expense | 0 | 0 | 0 | 1 | 1 | 2 | — | 2 |
| Net interest income | −0 | −0 | 0 | −0 | — | — | — | — |
| Income before tax | −16 | −6 | −3 | −7 | −11 | −14 | −6 | −0 |
| Income tax | −0 | 0 | — | — | — | — | −26 | −1 |
| Net income | −19 | −24 | −2 | −7 | −11 | −14 | 20 | 1 |
| Diluted EPS | −$17.28 | −$19.93 | −$0.83 | −$3.74 | −$5.33 | −$6.72 | $1.33 | $0.09 |
| EBITDA | −1 | −3 | −3 | −6 | −7 | −9 | −1 | 5 |
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