RHYTHM PHARMACEUTICALS, INC.

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

About 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.

Jun 30, 2025 · Filed Aug 5, 2025

RYTM$113.94+1.5%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)


· · June 30, · · December 31,
	2025		2024

Assets
Current assets: · ·
Cash and cash equivalents		$135,586		$89,137
Short-term investments		155,444		231,428
Accounts receivable, net		26,122		18,512
Inventory		18,872		18,741
Prepaid expenses and other current assets		24,656		16,382
Total current assets		360,680		374,200
Property and equipment, net		297		632
Right-of-use asset		3,262		3,477
Intangible assets, net		5,747		6,174
Restricted cash		527		464
Other long-term assets		2,220		7,326
Total assets		$372,733		$392,273
Liabilities, Convertible Preferred Stock and Stockholders’ equity
Current liabilities:
Accounts payable		$15,982		$12,328
Accrued expenses and other current liabilities		69,185		62,658
Other current liability - LG Chem		40,000		37,704
Lease liability		510		—
Deferred revenue		—		1,286
Deferred royalty obligation, current		3,778		1,541
Total current liabilities		129,455		115,517
Long-term liabilities:
Deferred royalty obligation		106,014		108,269
Lease liability, non-current		3,681		3,938
Total liabilities		239,150		227,724
Commitments and contingencies (Note 14)
Series A convertible preferred stock, $0.001 par value: 150,000 shares authorized; 150,000 and 150,000 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively. Liquidation preference of $150,000 as of June 30, 2025.		145,491		142,820
Stockholders’ equity:
Preferred stock, $0.001 par value: 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2025 and December 31, 2024		—		—
Common stock, $0.001 par value: 120,000,000 shares authorized; 63,913,185 and 62,390,654 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively		64		61
Additional paid-in capital		1,241,744		1,177,045
Accumulated other comprehensive (loss)		(2,248)		(39)
Accumulated deficit		(1,251,468)		(1,155,338)
Total stockholders’ equity		(11,908)		21,729
Total liabilities, convertible preferred stock and stockholders’ equity		$372,733		$392,273

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.