RYTHM, Inc.
For the period ended Sep 30, 2026. Filed Nov 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.
Sep 30, 2026 · Filed Nov 4, 2026
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 Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
| For the nine months ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $20,573 | $(19,651) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 10,444 | 2,530 |
| Non-cash interest expense | 2,254 | 1,904 |
| Non-cash tax benefit from release of valuation allowance | (26,798) | — |
| Lease expense | 14 | 120 |
| Impairment of right-of-use assets | — | 24 |
| Stock-based compensation expense | 1,665 | 1,612 |
| Change in fair value of warrant liabilities | (22) | 372 |
| Change in provision for credit losses, net | (28) | 146 |
| Change in provision for inventory | 394 | 507 |
| Gain on disposal of property and equipment | — | (2) |
| Gain on disposal of Extraction business | — | (3,534) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 474 | (1,460) |
| Accounts receivable - related party | 1,000 | (454) |
| Inventory | 2,267 | (3,414) |
| Prepaid expenses and other current assets | 179 | (379) |
| Accounts payable | 439 | (320) |
| Accounts payable - related party | (62) | 60 |
| Accrued expenses and other current liabilities | (1,117) | (1,638) |
| Accrued expenses and other current liabilities - related party | 4,388 | 4,348 |
| Operating lease liabilities | (38) | (123) |
| Contract liabilities | — | (1,167) |
| Net cash and cash equivalents provided by (used in) operating activities | 16,026 | (20,519) |
| Cash flows from investing activities: | ||
| Related party acquisition of MC Brands | — | (5,075) |
| Related party acquisition of VCP | — | (50,000) |
| Net cash and cash equivalents used in investing activities | — | (55,075) |
| Cash flows from financing activities: | ||
| Proceeds from related party notes | — | 72,000 |
| Proceeds from notes payable | — | 8,000 |
| Repayments of notes payable | — | (3) |
| Net cash and cash equivalents provided by financing activities | — | 79,997 |
| Net increase in cash and cash equivalents | 16,026 | 4,403 |
| Cash and cash equivalents at the beginning of period | 32,218 | 31,170 |
| Cash and cash equivalents at the end of period | $48,244 | $35,573 |
| Supplemental disclosures | ||
| Cash paid for interest | $506 | $8 |
| Cash paid for income taxes | 215 | — |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Issuance of pre-funded warrants in lieu of cash interest | $6,813 | $1,794 |
| Accrued pre-funded warrants in lieu of cash interest | — | 108 |
| Reclassification of accounts payable to notes payable | — | 99 |
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