RYTHM, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $17.3M | $18.0K | $15.1M | $58.3M | $59.9M | $12.1M |
| Cost of Revenue | $7.1M | $89.0K | $11.1M | $90.1M | $54.6M | $11.5M |
| Gross Profit | $10.2M | $-71.0K | $4.0M | $-31.8M | $5.2M | $570.0K |
| Gross Margin | 59.0% | -394.4% | 26.5% | -54.6% | 8.7% | 4.7% |
| Operating Expenses | ||||||
| Research & Development | — | $743.0K | $2.3M | $8.2M | $3.9M | $3.4M |
| SG&A Expense | $34.1M | $7.2M | $16.1M | $73.4M | $30.8M | $9.8M |
| Operating Income | $-32.3M | $-5.1M | $-13.0M | $-193.3M | $-35.1M | $-12.6M |
| Operating Margin | -187.1% | -28,183.3% | -86.0% | -331.8% | -58.6% | -104.4% |
| Interest Expense | $4.1M | $156.0K | — | $3.4M | $1.2M | — |
| Pretax Income | $-34.7M | $-23.2M | $-13.4M | $-188.3M | $-32.3M | $-21.6M |
| Income Tax Expense | — | $-2.0K | $2.0K | $23.0K | $25.0K | — |
| Net Income | $-33.3M | $-41.7M | $-18.6M | $-188.2M | $-32.5M | $-21.6M |
| Net Margin | -192.4% | -231,922.2% | -123.2% | -323.0% | -54.2% | -178.8% |
| EPS (Basic) | $-16.68 | $-40.92 | $-18.76 | $-90.22 | $-0.17 | $-0.11 |
| EPS (Diluted) | $-16.68 | $-40.92 | $-18.76 | $-90.22 | $-0.17 | $-0.11 |
| Shares Outstanding (Basic) | 2.0M | 1.0M | 993.9K | 2.1M | 190.9M | 208.8M |
| Shares Outstanding (Diluted) | 2.0M | 1.0M | 993.9K | 2.1M | 190.9M | 208.8M |
| Dividends Per Share | — | — | — | — | — | — |