RYTHM, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 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 7, 2025
RYM$16.43-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In thousands, except share and per share data)
| September 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $35,573 | $31,170 |
| Accounts receivable, net(1) | 2,581 | 30 |
| Inventory, net | 4,618 | 500 |
| Prepaid expenses and other current assets | 1,074 | 398 |
| Current assets associated with discontinued operations | 48 | 2,596 |
| Total current assets | 43,894 | 34,694 |
| Goodwill | 9,713 | 9,713 |
| Intangible assets | 61,497 | 8,900 |
| Non-current assets associated with discontinued operations | 50 | 715 |
| Total assets | $115,154 | $54,022 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable(2) | $1,740 | $825 |
| Accrued expenses and other current liabilities(3) | 7,543 | 4,090 |
| Long-term debt, current | 621 | 522 |
| Related party debt, current | 10,000 | 10,000 |
| Current liabilities associated with discontinued operations | 2,160 | 9,242 |
| Total current liabilities | 22,064 | 24,679 |
| Warrant liabilities | 1,368 | 996 |
| Long-term debt, net of current | 8,000 | 1 |
| Related party debt, net of current | 72,000 | — |
| Non-current liabilities associated with discontinued operations | — | 257 |
| Total liabilities | 103,432 | 25,933 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' equity: | ||
| Common Stock, $0.001 par value per share, 35,000,000 shares authorized; 2,002,568 and 1,952,032 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 2 | 2 |
| Preferred Stock, $0.001 par value per share, 2,895,000 shares authorized, no shares issued or outstanding | — | — |
| Preferred A Stock, $0.001 par value per share, 105,000 shares authorized, no shares issued or outstanding | — | — |
| Additional paid-in capital | 338,914 | 335,400 |
| Accumulated deficit | (327,194) | (307,313) |
| Total stockholders' equity | 11,722 | 28,089 |
| Total liabilities and stockholders' equity | $115,154 | $54,022 |
| (1) | Include $454 thousand and none from related parties as of September 30, 2025 and December 31, 2024, respectively. |
| (2) | Include $60 thousand and none due to a related party as of September 30, 2025 and December 31, 2024, respectively. |
| (3) | Include $4.8 million and $487 thousand due to related parties as of September 30, 2025 and December 31, 2024, respectively. |
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