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.
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Consolidated Statements of Operations
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue(1) | $17,283 | $18 |
| Cost of goods sold | 7,093 | 89 |
| Gross profit (loss) | 10,190 | (71) |
| Selling, general and administrative(2) | 34,055 | 7,182 |
| Impairment of long-lived assets | 8,471 | — |
| Change in contingent consideration | — | (2,180) |
| Total operating expenses | 42,526 | 5,002 |
| Operating loss from continuing operations | (32,336) | (5,073) |
| Interest expense, net(3) | (3,203) | (256) |
| Change in fair value of warrant liabilities | 299 | (17,902) |
| Other income, net | 500 | — |
| Total other expense, net | (2,404) | (18,158) |
| Loss from continuing operations before income taxes | (34,740) | (23,231) |
| Income tax provision | — | 2 |
| Loss from continuing operations, net of income taxes | (34,740) | (23,229) |
| Loss from discontinued operations | (2,054) | (6,624) |
| Gain (loss) on disposal of Extraction and Cultivation business | 3,537 | (11,893) |
| Income (loss) from discontinued operations, net of income taxes | 1,483 | (18,517) |
| Net loss | (33,257) | (41,746) |
| Net loss per share: | ||
| Basic and diluted | ||
| Continuing operations | $(17.42) | $(22.77) |
| Discontinued operations | 0.74 | (18.15) |
| Net loss per share – basic and diluted (4) | (16.68) | (40.92) |
| Weighted average common shares outstanding - basic and diluted (4) | 1,993,947 | 1,020,185 |
| (1) | Include $8.2 million and none for the year ended December 31, 2025 and December 31, 2024, respectively, in each case from related parties. |
| (2) | Include $10.6 million and $331 thousand for the year ended December 31, 2025 and December 31, 2024, respectively, in each case from related parties. |
| (3) | Include $4.1 million and $156 thousand for the year ended December 31, 2025 and December 31, 2024, respectively, in each case from related parties. |
| (4) | Amounts for the year ended December 31, 2024 have been adjusted to retroactively reflect the 1-for-15 reverse stock split on October 8, 2024. Additional information regarding the reverse stock split may be found in Note 1 – Overview, included in the notes to the consolidated financial statements. |
In addition to the transactions described above, the Company engaged in other routine transactions with related parties in the ordinary course of business. Such transactions were not material, individually or in aggregate, to the consolidated financial statements for the periods presented.
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