RYTHM, Inc.

Listed Company

RYMCIK 0001800637NasdaqEmerging GrowthAgricultural ServicesNevadaNZFY ends Dec 31

Period

FY 2025

Revenue

$17.28M

Net Income

$-33.26M

Total Assets

$106.68M

Equity

$13.02M

Shares Out

2.15M

Op. Cash Flow

$-23.54M

RYM$22.11−51.11% · past 10 monthsDBEQ Basic

Daily closing prices

Business

RYTHM, Inc. (formerly Agrify Corporation) is a consumer-packaged goods company delivering hemp-derived THC beverages and edible products through brands including RYTHM, incredibles, Beboe, Dogwalkers, Doctor Solomon's, Good Green, and Señorita. The company sells hemp-derived THC beverages and edibles directly to consumers, through retailers, and online, while generating licensing revenue by licensing brand intellectual property to third-party manufacturers and distributors. RYTHM operates as a multistate hemp-derived cannabinoid products company with distribution across 15 U.S. states and Canada, and relies on third-party co-manufacturers and shared services arrangements with related parties.

Summary from 10-K filed 2026-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	17	18,000	15	58	60
Cost of goods sold	7	89,000	11	90	55
Gross profit (loss)	10	−71,000	4	−32	5
Selling, general and administrative	34	7	16	73	31
Impairment of long-lived assets	8	—	—	—	—
Change in contingent consideration	—	−2	−1	—	—
Total operating expenses	43	5	17	162	40
Operating loss from continuing operations	−32	−5	−13	−193	−35
Interest expense, net	−3	−256,000	—	—	—
Change in fair value of warrant liabilities	299,000	−18	5	51	—
Other income, net	500,000	—	1	5	3
Total other expense, net	−2	−18	−403,000	5	—
Loss from continuing operations before income taxes	−35	−23	−13	−188	−32
Income tax provision	—	2,000	−2,000	−23,000	−25,000
Loss from continuing operations, net of income taxes	−35	−23	−13	—	−32
Loss from discontinued operations	−2	−7	−5	—	—
Gain (loss) on disposal of Extraction and Cultivation business	4	−12	—	—	—
Income (loss) from discontinued operations, net of income taxes	1	−19	−5	—	—
Net loss	−33	−42	−19	−188	−32
Continuing operations (in Dollars per share)	−17.42	−22.77	−135.11	−902.19	−340.75
Discontinued operations (in Dollars per share)	0.74	−18.15	−52.53	—	—
Net loss per share basic (in Dollars per share)	−16.68	−40.92	−187.64	−902.19	−1.69
Net loss per share diluted (in Dollars per share)	−16.68	−40.92	−187.64	−902.19	—
Weighted average common shares outstanding - basic (in Shares)	2	1	99,391	208,573	95,455
Weighted average common shares outstanding - diluted (in Shares)	2	1	99,391	208,573	95,455

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	32	31	434,000	—	—
Accounts receivable, net	9	30,000	855,000	1	—
Inventory, net	4	500,000	5	21	20
Prepaid expenses and other current assets	2	398,000	2	2	2
Current assets associated with discontinued operations	—	3	16	—	—
Total current assets	48	35	24	45	87
Goodwill	10	10	—	—	50
Intangible assets, net	—	9	—	—	14
Related party prepaid license rights	49	—	—	—	—
Non-current assets associated with discontinued operations	14,000	715,000	20	—	—
Total assets	107	54	45	70	182
Accounts payable	2	825,000	4	21	9
Accrued expenses and other current liabilities	8	4	8	16	29
Long-term debt, current	4	522,000	766,000	29	1
Current liabilities associated with discontinued operations	2	9	20	—	—
Total current liabilities	43	25	41	71	44
Warrant liabilities	697,000	996,000	1	6	—
Long-term debt, net of current	5	1,000	16	407,000	12,000
Non-current liabilities associated with discontinued operations	—	257,000	1	—	—
Total liabilities	94	26	60	79	45
Commitments and contingencies (Note 23)	—	—	—	—	—
Common Stock, $0.001 par value per share, 35,000,000 shares authorized; 2,149,128 and 1,952,032 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	2,000	2,000	—	1,000	—
Preferred stock, value	—	—	—	—	—
Additional paid-in capital	354	335	251	238	196
Accumulated deficit	−341	−307	−266	−247	−59
Total stockholders equity	13	28	−15	−9	137
Total liabilities and stockholders equity	107	54	45	70	182

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	6	1	2	3	1
Amortization of debt discount	—	−47,000	−109,000	4	−42,000
Non-cash interest expense	3	—	—	—	—
Lease expense	156,000	—	—	—	—
Impairment of right-of-use assets	24,000	—	—	—	—
Stock-based compensation expense	2	1	3	4	—
Change in provision for credit losses, net	268,000	−336,000	−15	37	—
Change in inventory reserve	552,000	−747,000	—	—	—
Loss on abandonment of CIP projects	—	31,000	—	—	—
Loss on inventory write-down	—	—	—	—	—
Gain on disposal of property and equipment	−2,000	14,000	—	—	—
Gain on exit of Extraction business	−4	—	—	—	—
Gain on early termination of lease	—	−50,000	—	—	—
Gain on settlement of contingent liability	—	−6	—	—	1
Loss on disposal of Cultivation business	—	12	—	—	—
Change in contingent consideration	—	−2	—	—	—
Accounts receivable	−2	646,000	1	2	−3
Accounts receivable - related party	−7	—	—	—	—
Inventory	−3	8	17	−30	−7
Prepaid expenses and other current assets	−1	2	—	—	—
Operating lease right-of-use assets	—	528,000	954,000	−731,000	29,000
Other non-current assets	12,000	46,000	170,000	1	—
Accounts payable	151,000	−5	108,000	—	—
Accounts payable - related party	152,000	—	—	—	—
Accrued expenses and other current liabilities	−4	1	−4	−9	—
Accrued expenses and other current liabilities - related party	11	—	—	—	—
Operating lease liabilities	−161,000	−519,000	−872,000	803,000	—
Contract liabilities	−1	−578,000	−93,000	—	—
Net cash and cash equivalents used in operating activities	−24	−12	−31	−72	−30
Related party transaction with MC Brands	−5	—	—	—	—
Related party transaction with VCP	−50	—	—	—	—
Purchases of property and equipment	—	−4,000	−59,000	−8	−2
Proceeds from disposal of property and equipment	—	20,000	—	—	—
Issuance of loans receivable	—	−400,000	—	—	—
Proceeds from repayment of loan receivable	—	330,000	15	—	—
Net cash and cash equivalents used in investing activities	−55	−54,000	25	−2	−105
Proceeds from related party notes payable	72	14	4	—	—
Proceeds from third-party notes payable	8	—	—	—	—
Repayments of third-party notes payable	−3,000	—	−71,000	−187,000	—
Payments for taxes related to net share settlement of equity awards	−337,000	—	—	—	—
Proceeds from issuance of Common Stock through an S-1 and Pre-Funded Warrants offering	—	2	2	—	—
Proceeds from issuance of Common Stock through IONIC Stock Subscription	—	345,000	2	26	—
Proceeds from issuance of Common Stock in connection with private placement, net	—	26	—	—	—
Proceeds from exercise of Pre-Funded Warrants	—	36,000	—	—	8,000
Payments on insurance financing loans	—	−377,000	−1	−221,000	−148,000
Net cash and cash equivalents provided by financing activities continuing operations	80	42	−4	73	139
Net increase in cash and cash equivalents	1	31	−10	—	—
Cash paid for interest	9,000	—	76,000	5	30,000
Conversion of related party debt to common stock	10	10	—	—	—
Issuance of pre-funded warrants in lieu of related party shared services agreement	4	—	—	—	—
Issuance of pre-funded warrants in lieu of related party cash interest	3	—	—	—	—
Issuance of pre-funded warrants in lieu of cash interest	183,000	—	—	—	—
Reclassification of accounts payable and accrued interests to notes payable	99,000	—	—	—	—
Conversion of liability classified pre-funded warrants to equity	—	21	—	—	—
Stock and warrants issued in connection with business combination	—	19	—	—	—
Fair value of warrants in connection with reclassification and issuance	—	7	5	—	—
Conversion of convertible notes into equity	—	2	—	—	—
Cashless exercise of liability classified warrants	—	2	—	—	—
Deemed contribution from troubled debt restructuring with related party	—	676,000	—	—	—
Financing of prepaid insurance	—	14,000	2	2	—

Filings

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Frequently asked questions

What is RYTHM, Inc.'s CIK number?

RYTHM, Inc.'s SEC CIK number is 0001800637 (1800637). 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 RYTHM, Inc.'s SEC filings?

All of RYTHM, 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 RYTHM, Inc. last report earnings?

RYTHM, Inc. (RYM) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-052186). This is RYTHM, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is RYTHM, Inc.'s most recent earnings 8-K?

RYTHM, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001213900-26-052186. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View RYTHM, Inc.'s latest earnings 8-K →
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