RYTHM, Inc.
For the period ended Dec 31, 2025. Filed Mar 3, 2026.
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FY2025 · Filed Mar 3, 2026
RYM$17.11+8.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $32,218 | $31,170 |
| Accounts receivable, net(1) | 9,317 | 30 |
| Inventory, net(2) | 4,045 | 500 |
| Prepaid expenses and other current assets | 1,970 | 398 |
| Current assets associated with discontinued operations | — | 2,596 |
| Total current assets | 47,550 | 34,694 |
| Goodwill | 9,713 | 9,713 |
| Intangible assets, net | — | 8,900 |
| Related party prepaid license rights | 49,400 | — |
| Non-current assets associated with discontinued operations | 14 | 715 |
| Total assets | $106,677 | $54,022 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable(3) | $2,340 | $825 |
| Accrued expenses and other current liabilities(4) | 7,917 | 4,090 |
| Long-term debt, current | 3,621 | 522 |
| Related party debt, current | 27,000 | 10,000 |
| Current liabilities associated with discontinued operations | 2,082 | 9,242 |
| Total current liabilities | 42,960 | 24,679 |
| Warrant liabilities(5) | 697 | 996 |
| Long-term debt, net of current | 5,000 | 1 |
| Related party debt, net of current | 45,000 | — |
| Non-current liabilities associated with discontinued operations | — | 257 |
| Total liabilities | 93,657 | 25,933 |
| Commitments and contingencies (Note 23) | ||
| Stockholders’ equity: | ||
| Common Stock, $0.001 par value per share, 35,000,000 shares authorized; 2,149,128 and 1,952,032 shares issued and outstanding at December 31, 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 | 353,818 | 335,400 |
| Accumulated deficit | (340,800) | (307,313) |
| Total stockholders’ equity | 13,020 | 28,089 |
| Total liabilities and stockholders’ equity | $106,677 | $54,022 |
| (1) | Include $7.0 million and none from related parties as of December 31, 2025 and December 31, 2024, respectively. |
| (2) | Included $392 thousand and none from related parties as of December 31, 2025 and December 31, 2024, respectively. |
| (3) | Include $152 thousand and none due to a related party as of December 31, 2025 and December 31, 2024, respectively. |
| (4) | Include $4.7 million and $487 thousand due to related parties as of December 31, 2025 and December 31, 2024, respectively. |
| (5) | As of December 31, 2025 and December 31, 2024, the number of outstanding warrants subject to liability classification was 40,017, of which 15,394 are held by RSLGH, a related party. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.