RHYTHM PHARMACEUTICALS, INC.
For the period ended Mar 31, 2026. Filed May 5, 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.
Mar 31, 2026 · Filed May 5, 2026
RYTM$113.95+0.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net loss | $(55,639) | $(49,498) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 23,099 | 12,862 |
| Depreciation and amortization | 252 | 383 |
| Non-cash interest expense | 4,577 | 5,408 |
| Non-cash accretion & amortization of short-term investments | (1,436) | (1,787) |
| Non-cash rent expense | 113 | 110 |
| Change in fair value of embedded derivative liability | 330 | 80 |
| Foreign currency (gain) loss | 1,352 | — |
| Other non-cash items | 178 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (8,110) | 687 |
| Inventory | (3,086) | (575) |
| Prepaid expenses and other current assets | (487) | (3,204) |
| Deferred revenue | (145) | (1,286) |
| Other long-term assets, net | 435 | 102 |
| Accounts payable, accrued expenses and other liabilities | (5,618) | (3,633) |
| Net cash used in operating activities | (44,185) | (40,351) |
| Investing activities | ||
| Purchases of short-term investments | (42,199) | (33,521) |
| Maturities of short-term investments | 99,251 | 58,333 |
| Net cash provided by investing activities | 57,052 | 24,812 |
| Financing activities | ||
| Repayment of deferred royalty obligation | (4,288) | (4,615) |
| Proceeds from the exercise of stock options | 6,095 | 2,226 |
| Tax withholding on vesting of restricted stock | (8,458) | — |
| Proceeds from issuance of common stock from ESPP | 1,251 | 854 |
| Proceeds from ATM equity offering | — | 34,034 |
| Net cash (used in) provided by financing activities | (5,400) | 32,499 |
| Effect of exchange rates on cash | 448 | (2) |
| Net increase in cash, cash equivalents and restricted cash | 7,915 | 16,958 |
| Cash, cash equivalents and restricted cash at beginning of period | 54,823 | 89,601 |
| Cash, cash equivalents and restricted cash at end of period | $62,738 | $106,559 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Accretion of preferred stock dividends | $1,104 | $1,322 |
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