RHYTHM PHARMACEUTICALS, INC.

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

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, 2026 · Filed Aug 4, 2026

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 30,2026	December 31,2025
Assets
Current assets:
Cash and cash equivalents	$65,614	$54,301
Short-term investments	265,283	334,648
Accounts receivable, net	40,408	26,081
Inventory	30,517	25,753
Prepaid expenses and other current assets	24,741	26,133
Total current assets	426,563	466,916
Property and equipment, net	103	1,104
Right-of-use asset	2,817	3,049
Intangible assets, net	4,892	5,319
Restricted cash	603	522
Other long-term assets	2,288	3,286
Total assets	$437,266	$480,196
Liabilities, Convertible Preferred Stock and Stockholders’ equity
Current liabilities:
Accounts payable	$16,165	$13,947
Accrued expenses and other current liabilities	94,016	83,855
Lease liability	703	650
Deferred revenue	—	194
Deferred royalty obligation, current	12,703	7,296
Total current liabilities	123,587	105,942
Long-term liabilities:
Deferred royalty obligation	93,399	100,886
Lease liability, non-current	2,979	3,342
Total liabilities	219,965	210,170
Commitments and contingencies (Note 14)
Series A convertible preferred stock, $0.001 par value: 150,000 shares authorized; 115,000 and 132,500 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively. Liquidation preference of $116,457 and $132,500 as of June 30, 2026, and December 31, 2025, respectively.	114,318	130,957
Stockholders’ equity:
Preferred stock, $0.001 par value: 9,850,000 shares authorized; no shares issued and outstanding at June 30, 2026 and December 31, 2025	—	—
Common stock, $0.001 par value: 120,000,000 shares authorized; 68,816,868 and 67,205,321 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	69	67
Additional paid-in capital	1,560,640	1,491,675
Accumulated other comprehensive loss	(912)	(796)
Accumulated deficit	(1,456,814)	(1,351,877)
Total stockholders’ equity	102,983	139,069
Total liabilities, convertible preferred stock and stockholders’ equity	$437,266	$480,196

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.