RYTHM, Inc.
For the period ended Mar 31, 2026. Filed May 5, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 5, 2026
RYM$16.43-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except share and per share data)
| Three months ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Revenue(1) | $13,286 | $538 |
| Cost of goods sold | 2,889 | 448 |
| Gross profit | 10,397 | 90 |
| Selling, general and administrative(2) | 14,431 | 3,791 |
| Total operating expenses | 14,431 | 3,791 |
| Operating loss from continuing operations | (4,034) | (3,701) |
| Interest (expense) income, net(3) | (1,742) | 1 |
| Change in fair value of warrant liabilities | 105 | 407 |
| Other income, net | — | 19 |
| Total other (expenses) income, net | (1,637) | 427 |
| Loss from continuing operations before income taxes | (5,671) | (3,274) |
| Income tax benefit | 25,593 | — |
| Income (loss) from continuing operations, net of income taxes | 19,922 | (3,274) |
| Loss from discontinued operations | — | (1,918) |
| Gain on disposal of Extraction business | — | 3,566 |
| Income from discontinued operations, net of income taxes | — | 1,648 |
| Net income (loss) | 19,922 | (1,626) |
| Net income (loss) per share: | ||
| Basic income (loss) per share | ||
| Continuing operations | $1.53 | $(1.68) |
| Discontinued operations | — | 0.85 |
| Net income (loss) per share attributable to Common Stockholders – basic | $1.53 | $(0.83) |
| Diluted income (loss) per share | ||
| Continuing operations | $1.33 | $(1.68) |
| Discontinued operations | — | 0.85 |
| Net income (loss) per share attributable to Common Stockholders – diluted | $1.33 | $(0.83) |
| Weighted average common shares outstanding - basic | 2,149,128 | 1,952,022 |
| Weighted average common shares outstanding - diluted | 5,247,311 | 1,952,022 |
| (1) | Includes $10.0 million for the three months ended March 31, 2026, and $80 thousand for the three months ended March 31, 2025, in each case from related parties. |
| (2) | Includes $4.3 million for the three months ended March 31, 2026, and $1.4 million for the three months ended March 31, 2025, in each case from related parties. |
| (3) | Includes $1.8 million of interest expense for the three months ended March 31, 2026, and $250 thousand for the three months ended March 31, 2025, in each case from 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.