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Algorhythm Holdings, Inc.
RIMECIK 0000923601NasdaqNon-AcceleratedSmaller ReportingServices-Computer Integrated Systems DesignDelawareFY ends Dec 31
Period
FY 2025
Revenue
$4.39M
Net Income
$-15.87M
Total Assets
$12.72M
Equity
$-1.86M
Shares Out
14.65M
Op. Cash Flow
$-7.31M
Business
Algorhythm Holdings, Inc. is an artificial intelligence technology company focused on SemiCab, an AI-enabled software logistics and distribution platform that serves retailers, brands, and transportation providers globally. The platform uses real-time data, machine learning, and predictive optimization to automate network-level freight coordination and reduce empty miles. SemiCab offers managed transportation services in India and SaaS-based subscriptions (Apex) in the United States and Europe to shippers, carriers, and third-party logistics providers.
Summary from 10-K filed 2026-04-02
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 | FY 2021 2021-03-31 |
|---|---|---|---|---|---|---|
| Net Sales | 4 | 297,000 | 39 | 48 | 46 | |
| Cost of Sales | 6 | 491,000 | 30 | 37 | 34 | |
| Gross Loss | −1 | −194,000 | 9 | 11 | 12 | |
| Selling expenses | 4,000 | — | 3 | 4 | 4 | |
| General and administrative expenses | 7 | 5 | 9 | 7 | 7 | |
| Impairment of goodwill | — | 4 | — | — | — | |
| Total Operating Expenses | 7 | 8 | 13 | 11 | 11 | |
| Loss From Operations | −8 | −8 | −4 | 69,235 | 1 | |
| Change in fair value of warrant liability | −6 | 334,000 | — | — | — | |
| Loss on issuance of warrants | — | −9 | — | — | — | |
| Interest expense, net | −747,000 | −2 | — | — | — | |
| Total Other Expenses | −7 | −10 | — | — | — | |
| Loss From Continuing Operations Before Income Tax | −15 | −19 | −4 | 287,775 | 3 | |
| Income tax loss attributable to continuing operations | −47,000 | — | −1 | −57,304 | −500,000 | |
| Net Loss From Continuing Operations | −15 | −19 | — | — | — | |
| Net loss from discontinued operations | −1 | −5 | — | — | — | |
| Net Loss | −17 | −24 | — | — | — | |
| Net loss attributable to non-controlling interest | 701,000 | 1 | — | — | — | |
| Net Loss Available to Common Shareholders | −16 | −23 | −5 | 230,471 | 2 | |
| Loss per Common Share, Basic from continuing operations | −5.86 | −270.44 | — | — | — | |
| Loss per Common Share, Diluted from continuing operations | −5.86 | −270.44 | — | — | — | |
| Loss per Common Share, Basic from discontinued operations | −0.55 | −83.43 | — | — | — | |
| Loss per Common Share, Diluted from discontinued operations | −0.55 | −83.43 | — | — | — | |
| Loss per Common Share Basic | −6.41 | −353.87 | −1.65 | 0.14 | 1.68 | |
| Loss per Common Share Diluted | −6.41 | −353.87 | −1.65 | 0.14 | 1.67 | |
| Weighted Average Common and Common Equivalent Shares: Basic | 2 | 65,722 | 3 | 2 | 1 | |
| Weighted Average Common and Common Equivalent Shares: Diluted | 2 | 65,722 | 3 | 2 | 1 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash | 2 | 7 | 7 | — | — | |
| Restricted cash | 5 | — | — | — | — | |
| Prepaid expenses and other current assets | 729,000 | 59,000 | 136,000 | 266,068 | 344,409 | |
| Current assets of discontinued operations | — | 9 | — | — | — | |
| Total Current Assets | 8 | 17 | 23 | 15 | 20 | |
| Property and equipment, net | 22,000 | 2,000 | 404,000 | 633,207 | 565,094 | |
| Other non-current assets | 79,000 | — | 179,000 | 124,212 | 86,441 | |
| Intangible assets, net | 2 | 345,000 | — | — | — | |
| Goodwill | 3 | 786,000 | 0 | — | — | |
| Non-current assets of discontinued operations | 0 | 406,000 | — | — | — | |
| Total Assets | 13 | 18 | 28 | 17 | 23 | |
| Accounts payable | 1 | 387,000 | 8 | 2 | 5 | |
| Accrued expenses | 2 | 2 | 3 | 2 | 2 | |
| Other current liabilities | 69,000 | — | 159,000 | — | — | |
| Warrant liability | — | 17 | — | — | — | |
| Promissory notes payable, net | 9 | 50,000 | — | — | — | |
| Current liabilities of discontinued operations | — | 9 | — | — | — | |
| Total Current Liabilities | 14 | 28 | 16 | 6 | 12 | |
| Long-term provision for employee benefits | 144,000 | — | — | — | — | |
| Total Liabilities | 15 | 29 | 20 | 6 | 13 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding at December 31, 2025 and December 31, 2024 | — | — | — | — | — | |
| Common stock, $0.01 par value; 800,000,000 and 100,000,000 shares authorized; 3,414,542 and 470,825 shares issued and outstanding at December 31, 2025 and December 31, 2024 | 35,000 | 5,000 | — | 31,675 | 12,212 | |
| Additional paid-in capital | 66 | 40 | 33 | 30 | 25 | |
| Accumulated other comprehensive loss | −25,000 | — | — | — | — | |
| Accumulated deficit | −65 | −49 | −26 | −20 | −15 | |
| Non-controlling interest | −2 | −1 | — | — | — | |
| Treasury stock, 10,990 and -0- shares reserved at December 31, 2025 and December 31, 2024 | −758,000 | — | — | — | — | |
| Total Shareholders Deficit | −2 | −11 | 8 | 10 | — | |
| Total Liabilities and Shareholders Deficit | 13 | 18 | 28 | 17 | 23 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 | FY 2021 2021-03-31 |
|---|---|---|---|---|---|---|
| Net foreign currency translation adjustment | −31,000 | — | — | — | — | |
| Depreciation and amortization of property and equipment and intangible assets | 249,000 | 30,000 | — | — | — | |
| Amortization of debt discount and issuance cost | 212,000 | 2 | — | — | — | |
| Reduction in SMCB loan in exchange for services | 304,000 | 637,000 | — | — | — | |
| Loss on allowance for credit loss | — | 439,000 | — | — | — | |
| Stock-based compensation | 434,000 | 630,000 | 381,826 | 44,287 | 22,710 | |
| Accounts receivable | −621,000 | 72,000 | 666,516 | −558,127 | −151,500 | |
| Prepaid expenses and other current assets | −293,000 | −46,000 | 78,341 | −123,338 | 31,402 | |
| Other non-current assets | 49,000 | 14,000 | −37,771 | 60,732 | 3,336 | |
| Accounts payable | 654,000 | −345,000 | −4 | 3 | −3 | |
| Accrued expenses | 263,000 | −199,000 | 533,069 | 77,198 | 130,331 | |
| Other current liabilities | 69,000 | — | — | — | — | |
| Provision for employee benefits | 144,000 | — | — | — | — | |
| Net cash used in operating activities attributable to continuing operations | −7 | −4 | — | — | — | |
| Purchase of property and equipment | −14,000 | — | −243,729 | −117,573 | −201,161 | |
| Capitalization of internal use software costs | −419,000 | — | — | — | — | |
| Repurchase of shares of common stock | −758,000 | — | — | — | — | |
| Pre-acquistion advances to SemiCab, Inc. | — | −415,000 | — | — | — | |
| Cash received from acquisition of SemiCab, Inc. assets | — | 17,000 | — | — | — | |
| Cash received from acquisition of SMCB | 593,000 | — | — | — | — | |
| Advances to SMCB | −1 | −2 | — | — | — | |
| Net cash used in investing activities attributable to continuing operations | −2 | −2 | — | — | — | |
| Proceeds from sale of common stock and warrants, net of offering costs | — | 13 | 3 | 9 | — | |
| Proceeds from issuance of senior secured notes, net of discounts | — | 2 | — | — | — | |
| Proceeds from issuance of promissory notes, net of offering costs and discounts | 10 | — | — | — | 443,900 | |
| Payment of senior secured notes and debt issuance costs | — | −3 | — | — | — | |
| Payment of promissory notes | −427,000 | — | — | — | — | |
| Payment of promissory notes, related parties | −100,000 | — | — | — | — | |
| Payments on merchant cash advances payable | — | −631,000 | — | — | −65,010 | |
| Other | — | −75,000 | — | — | — | |
| Net cash provided by financing activities attributable to continuing operations | 10 | 12 | — | — | — | |
| Net cash used in operating activities attributable to discontinued operations | −3 | −5 | — | — | — | |
| Net cash provided by investing activities attributable to discontinued operations | 845,000 | 122,000 | — | — | — | |
| Net cash provided by financing activities attributable to discontinued operations | — | — | — | — | — | |
| Total cash used in discontinued operations | −2 | −5 | — | — | — | |
| Net change in cash | −1 | 530,000 | 604,091 | 2 | 51,379 | |
| Cash paid for interest | 246,000 | 591,000 | 481,425 | 546,545 | 461,080 | |
| Reclassification of Series A warrants to equity | 8 | — | — | — | — | |
| Common stock issued for exercise of Series B warrants | 15 | — | 243,901 | 547,838 | — | |
| Issuance of common stock with debt | — | 943,000 | — | — | — | |
| Repurchase of common shares- related parties | — | 758,000 | — | — | — | |
| Effect of extinguishment of advances to SemiCab, Inc. | — | 415,000 | — | — | — | |
| Common stock issued for acquisition of SemiCab, Inc assets | — | 568,000 | — | — | — | |
| Common stock issued for acquisition of SMCB | 316,000 | — | — | — | — | |
| Promissory note issued for acquisition of SMCB | 2 | — | — | — | — | |
| Common stock issued as commitment fee | 191,000 | — | — | — | — | |
| Common stock issued upon settlement of prepaid purchases | 675,000 | — | — | — | — | |
| Conversion of promissory note payable into common stock | 138,000 | — | — | — | — |
Filings
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Frequently asked questions
What is Algorhythm Holdings, Inc.'s CIK number?
Algorhythm Holdings, Inc.'s SEC CIK number is 0000923601 (923601). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Algorhythm Holdings, Inc.'s SEC filings?
All of Algorhythm Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Algorhythm Holdings, Inc. last report earnings?
Algorhythm Holdings, Inc. (RIME) most recently filed an earnings 8-K with the SEC on Nov 19, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-25-024278). This is Algorhythm Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Algorhythm Holdings, Inc.'s most recent earnings 8-K?
Algorhythm Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed Nov 19, 2025 under accession 0001493152-25-024278. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Algorhythm Holdings, Inc.'s latest earnings 8-K →
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