RYTHM, Inc.
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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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.
Jun 30, 2026 · Filed Aug 4, 2026
RYM$16.43-3.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except share and per share data)
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue(1) | $23,021 | $2,042 | $36,307 | $2,580 |
| Cost of goods sold | 4,485 | 1,360 | 7,374 | 1,808 |
| Gross profit | 18,536 | 682 | 28,933 | 772 |
| Selling, general and administrative(2) | 16,600 | 7,480 | 31,031 | 11,271 |
| Total operating expenses | 16,600 | 7,480 | 31,031 | 11,271 |
| Operating income (loss) from continuing operations | 1,936 | (6,798) | (2,098) | (10,499) |
| Interest expense, net(3) | (1,727) | (291) | (3,469) | (290) |
| (Loss) gain in fair value of warrant liabilities | (232) | (115) | (127) | 292 |
| Other income (expense), net | 2 | (1) | 2 | 18 |
| Total other (expenses) income, net | (1,957) | (407) | (3,594) | 20 |
| Loss from continuing operations before income taxes | (21) | (7,205) | (5,692) | (10,479) |
| Income tax benefit | 1,205 | — | 26,798 | — |
| Income (loss) from continuing operations, net of income taxes | 1,184 | (7,205) | 21,106 | (10,479) |
| Loss from discontinued operations | — | (123) | — | (2,041) |
| (Loss) gain on disposal of Extraction business | — | (32) | — | 3,534 |
| Loss (income) from discontinued operations, net of income taxes | — | (155) | — | 1,493 |
| Net income (loss) | 1,184 | (7,360) | 21,106 | (8,986) |
| Net income (loss) per share: | ||||
| Basic income (loss) per share | ||||
| Continuing operations | $0.09 | $(3.66) | $1.61 | $(5.35) |
| Discontinued operations | — | (0.08) | — | 0.76 |
| Net income (loss) per share attributable to Common Stockholders – basic | $0.09 | $(3.74) | $1.61 | $(4.59) |
| Diluted income (loss) per share | ||||
| Continuing operations | $0.09 | $(3.66) | $1.49 | $(5.35) |
| Discontinued operations | — | (0.08) | — | 0.76 |
| Net income (loss) per share attributable to Common Stockholders – diluted | $0.09 | $(3.74) | $1.49 | $(4.59) |
| Weighted average common shares outstanding - basic | 2,155,721 | 1,965,425 | 2,152,443 | 1,958,724 |
| Weighted average common shares outstanding - diluted | 2,283,971 | 1,965,425 | 5,252,126 | 1,958,724 |
| (1) | Includes $17.7 million and $27.7 million for the three and six months ended June 30, 2026, and $264 thousand and $265 thousand for the three and six months ended June 30, 2025, in each case from related parties. |
| (2) | Includes $5.9 million and $10.2 million for the three and six months ended June 30, 2026, and $2.8 million and $4.2 million for the three and six months ended June 30, 2025, in each case from related parties. |
| (3) | Includes $1.8 million and $3.6 million of interest expense for the three and six months ended June 30, 2026, and $548 thousand and $798 thousand for the three and six months ended June 30, 2025, in each case from a related party. |
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