RHYTHM PHARMACEUTICALS, INC.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
RYTM$113.95+0.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
| | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · | |||||||||||
| · Three months ended September 30, · · Nine months ended September 30, | |||||||||||
| · 2025 · 2024 · 2025 · 2024 | |||||||||||
| Revenues: | | | | | | | | | | | |
| Product revenue, net | $51,298 | | $33,251 | | $137,518 | | $88,296 | ||||
| License revenue | | — | | | — | | | (5,014) | | | — |
| Total revenues | | 51,298 | | | 33,251 | | | 132,504 | | | 88,296 |
| Costs and expenses: | | | | | | | | | | | |
| Cost of sales | | 5,499 | | | 3,828 | | | 14,690 | | | 9,581 |
| Research and development | | 46,027 | | | 37,931 | | | 125,307 | | | 196,789 |
| Selling, general, and administrative | 52,425 | | 35,377 | | 137,460 | | 106,174 | ||||
| Total costs and expenses | 103,951 | | 77,136 | | 277,457 | | 312,544 | ||||
| Loss from operations | (52,653) | | (43,885) | | (144,953) | | (224,248) | ||||
| Other income (expense): | | | | ||||||||
| Other income (expense), net | 274 | | 1,088 | | 1,207 | | 2,434 | ||||
| Gain on settlement of forward contract | | — | | | — | | | — | | | 8,900 |
| Interest expense | | (4,742) | | | (5,242) | | | (15,968) | | | (15,156) |
| Interest income | 4,328 | | 4,054 | | 11,208 | | 11,196 | ||||
| Total other income (expense), net | (140) | | (100) | | (3,553) | | 7,374 | ||||
| Loss before income taxes | | (52,793) | | | (43,985) | | | (148,506) | | | (216,874) |
| Provision (benefit) for income taxes | | 111 | | | (344) | | | 528 | | | 436 |
| Net loss | $(52,904) | | $(43,641) | | $(149,034) | | $(217,310) | ||||
| Accrued dividends on convertible preferred stock | | (1,375) | | | (1,329) | | | (4,046) | | | (2,631) |
| Net loss attributable to common stockholders | $(54,279) | | $(44,970) | | $(153,080) | | $(219,941) | ||||
| Net loss per share attributable to common stockholders, basic and diluted | $(0.82) | | $(0.73) | | $(2.38) | | $(3.62) | ||||
| | | | | | | | | | | | |
| Weighted-average common shares outstanding, basic and diluted | | 66,261,055 | | | 61,219,918 | | | 64,346,588 | | | 60,793,329 |
| | | | | | | | | | | | |
| Other comprehensive loss: | | | | | | | | | | | |
| Net loss attributable to common stockholders | $(54,279) | | $(44,970) | | $(153,080) | | $(219,941) | ||||
| Foreign currency translation adjustment | | 834 | | | (602) | | | (1,272) | | | (975) |
| Unrealized gain (loss), net on marketable securities | 488 | | 615 | | 385 | | 237 | ||||
| Comprehensive loss | $(52,957) | | $(44,957) | | $(153,967) | | $(220,679) | ||||
Rhythm Pharmaceuticals, Inc.
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