RHYTHM PHARMACEUTICALS, INC.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
RYTM$113.95+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
| Year EndedDecember 31, 2025 | Year EndedDecember 31, 2024 | Year EndedDecember 31, 2023 | |
|---|---|---|---|
| Revenues: | |||
| Product revenue, net | $194,771 | $130,126 | $77,428 |
| License revenue | (5,014) | — | — |
| Total revenues | 189,757 | 130,126 | 77,428 |
| Costs and expenses: | |||
| Cost of sales | 19,492 | 13,368 | 9,302 |
| Research and development | 167,340 | 237,957 | 134,951 |
| Selling, general, and administrative | 194,941 | 144,304 | 117,532 |
| Total costs and expenses | 381,773 | 395,629 | 261,785 |
| Loss from operations | (192,016) | (265,503) | (184,357) |
| Other income (expense): | |||
| Other income, net | 1,264 | 2,239 | 190 |
| Gain on settlement of forward contract | — | 8,900 | — |
| Interest expense | (20,583) | (20,603) | (13,892) |
| Interest income | 15,293 | 14,711 | 13,945 |
| Total other income (expense), net | (4,026) | 5,247 | 243 |
| Loss before income taxes | (196,042) | (260,256) | (184,114) |
| Provision for income taxes | 497 | 346 | 564 |
| Net loss | $(196,539) | $(260,602) | $(184,678) |
| Accrued dividends on convertible preferred stock | (5,378) | (3,970) | — |
| Net loss attributable to common stockholders | $(201,917) | $(264,572) | $(184,678) |
| Net loss per share attributable to common stockholders, basic and diluted | $(3.11) | $(4.34) | $(3.20) |
| Weighted-average common shares outstanding, basic and diluted | 64,984,361 | 60,995,204 | 57,673,128 |
| Other comprehensive loss: | |||
| Net loss attributable to common stockholders | $(201,917) | $(264,572) | $(184,678) |
| Foreign currency translation adjustment | (1,261) | 2 | (140) |
| Unrealized (loss) gain, net on marketable securities, net of tax | 504 | (175) | 366 |
| Comprehensive loss | $(202,674) | $(264,746) | $(184,452) |
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