NASDAQ : RIME
Algorhythm Holdings, Inc. — Financial statements
Technology · Consumer Electronics · United States
Last price 0.0979 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.66M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Algorhythm Holdings, Inc. (RIME) reported revenue of 8.52M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 8.52M | 4.39M | 297.00K | 32.58M | 39.30M | 47.51M |
| Cost of Revenue | 10.76M | 5.71M | 491.00K | 25.57M | 30.09M | 36.70M |
| Gross Profit | -2.24M | -1.31M | -194.00K | 7.01M | 9.21M | 10.81M |
| Selling, General & Admin | 10.48M | 6.63M | 4.66M | 15.30M | 12.91M | 10.75M |
| Other Operating Expenses | 1.00K | |||||
| Operating Expenses | 10.48M | 6.63M | 4.66M | 15.30M | 12.91M | 10.75M |
| Operating Income | -12.72M | -7.95M | -4.85M | -8.29M | -3.70M | 69.00K |
| Interest Expense | -2.79M | -747.00K | -1.89M | -339.00K | -479.00K | -580.00K |
| Other Non Operating Income (Expenses) | -6.47M | -8.55M | 748.00K | 704.00K | 11.00K | |
| EBT Excluding Unusual Items | -15.51M | -15.16M | -15.29M | -7.88M | -3.47M | -500.00K |
| Impairment of Goodwill | -3.59M | |||||
| Other Unusual Items | -400.00K | -135.00K | 787.00K | |||
| Pretax Income | -15.91M | -15.16M | -18.88M | -7.88M | -3.61M | 287.00K |
| Income Tax Expense | 50.00K | 47.00K | 1.50M | 1.03M | 57.00K | |
| Earnings From Continuing Operations | -15.96M | -15.21M | -18.88M | -9.38M | -4.64M | 230.00K |
| Earnings From Discontinued Operations | -40.00K | -1.36M | -5.48M | |||
| Net Income to Company | -16.00M | -16.57M | -24.37M | -9.38M | -4.64M | 230.00K |
| Minority Interest in Earnings | 968.00K | 701.00K | 1.11M | |||
| Net Income | -15.03M | -15.87M | -23.26M | -9.38M | -4.64M | 230.00K |
| Net Income to Common | -15.03M | -15.87M | -23.26M | -9.38M | -4.64M | 230.00K |
| Shares Outstanding (Basic) | 7.63M | 2.48M | 65.72K | 22.14K | 14.06K | |
| Shares Outstanding (Diluted) | 7.63M | 2.48M | 65.72K | 22.14K | 14.06K | |
| EPS (Basic) | -1.97 | -6.41 | -353.87 | -423.90 | -329.90 | |
| EPS (Diluted) | -1.97 | -6.41 | -353.87 | -423.90 | -330.00 | |
| Free Cash Flow | -11.35M | -9.86M | -9.06M | 2.18M | -574.00K | -2.13M |
| Free Cash Flow Per Share | -1.49 | -3.98 | -137.93 | 98.58 | -40.83 | |
| Gross Margin | -26.28% | -29.95% | -65.32% | 21.51% | 23.43% | 22.76% |
| Operating Margin | -149.31% | -181.01% | -1,633.00% | -25.44% | -9.41% | 0.14% |
| Profit Margin | -176.39% | -361.44% | -7,830.64% | -28.80% | -11.80% | 0.48% |
| Free Cash Flow Margin | -133.16% | -224.60% | -3,052.19% | 6.70% | -1.46% | -4.48% |
| EBITDA | -12.31M | -7.70M | -4.82M | -7.95M | -3.47M | 315.00K |
| EBITDA Margin | -144.48% | -175.34% | -24.39% | -8.83% | 0.66% | |
| D&A For EBITDA | 412.00K | 249.00K | 30.00K | 342.00K | 228.00K | 246.00K |
| EBIT | -12.72M | -7.95M | -4.85M | -8.29M | -3.70M | 69.00K |
| EBIT Margin | -149.31% | -181.01% | -25.44% | -9.41% | 0.14% | |
| Effective Tax Rate | 19.86% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.97M | 1.63M | 7.23M | 6.70M | 2.90M | 2.29M |
| Cash & Short-Term Investments | 4.97M | 1.63M | 7.23M | 6.70M | 2.90M | 2.29M |
| Accounts Receivable | 1.44M | 1.06M | 822.00K | 7.58M | 2.31M | 2.94M |
| Other Receivables | 100.82K | |||||
| Receivables | 1.44M | 1.06M | 822.00K | 7.58M | 2.31M | 3.04M |
| Inventory | 6.87M | 9.09M | 14.16M | |||
| Prepaid Expenses | 3.99M | 729.00K | 59.00K | 136.00K | 351.00K | 344.41K |
| Restricted Cash | 2.98M | 4.51M | ||||
| Other Current Assets | 8.65M | 1.92M | 555.00K | 7.81K | ||
| Total Current Assets | 13.39M | 7.94M | 16.76M | 23.21M | 15.20M | 19.84M |
| Property, Plant & Equipment | 340.00K | 22.00K | 2.00K | 4.33M | 1.19M | 1.84M |
| Goodwill | 2.68M | 2.68M | 786.00K | |||
| Other Intangible Assets | 2.06M | 2.00M | 345.00K | |||
| Long-Term Deferred Tax Assets | 892.56K | |||||
| Other Long-Term Assets | 95.00K | 79.00K | 406.00K | 179.00K | 255.00K | 86.44K |
| Total Assets | 18.57M | 12.72M | 18.30M | 27.71M | 16.65M | 22.67M |
| Accounts Payable | 2.23M | 1.41M | 387.00K | 7.62M | 1.77M | 5.33M |
| Accrued Expenses | 3.11M | 1.56M | 1.42M | 2.61M | 2.27M | 1.80M |
| Short-Term Debt | 6.41M | 9.10M | 50.00K | 2.50M | ||
| Current Portion of Long-Term Debt | 2.30M | 2.30M | 9.65M | 426.96K | ||
| Current Portion of Leases | 90.00K | 509.00K | 883.86K | |||
| Other Current Liabilities | 756.00K | 69.00K | 16.93M | 5.98M | 1.58M | 1.09M |
| Total Current Liabilities | 14.89M | 14.44M | 28.44M | 16.21M | 6.13M | 12.02M |
| Long-Term Debt | 385.00K | 138.65K | ||||
| Long-Term Leases | 216.00K | 3.92M | 88.00K | 468.37K | ||
| Pension & Post-Retirement Benefits | 178.00K | 144.00K | ||||
| Other Long-Term Liabilities | 3.00K | 104.00K | ||||
| Total Liabilities | 15.29M | 14.58M | 28.82M | 20.14M | 6.32M | 12.63M |
| Common Stock | 157.00K | 35.00K | 5.00K | 32.00K | 12.21K | |
| Additional Paid-In Capital | 80.21M | 65.67M | 39.68M | 33.49M | 29.82M | 24.90M |
| Retained Earnings | -73.98M | -65.04M | -49.17M | -25.91M | -19.52M | -14.88M |
| Treasury Stock | -758.00K | -758.00K | ||||
| Comprehensive Income & Other | -19.00K | -25.00K | -6.00K | |||
| Total Common Equity | 5.61M | -117.00K | -9.48M | 7.58M | 10.33M | 10.04M |
| Minority Interest | -2.34M | -1.74M | -1.04M | |||
| Shareholders' Equity | 3.28M | -1.86M | -10.52M | 7.58M | 10.33M | 10.04M |
| Total Liabilities & Equity | 18.57M | 12.72M | 18.30M | 27.71M | 16.65M | 22.67M |
| Total Debt | 9.02M | 11.40M | 10.09M | 3.92M | 597.00K | 4.42M |
| Net Cash (Debt) | -4.05M | -9.77M | -2.85M | 2.78M | 2.30M | -2.13M |
| Net Cash Per Share | -0.53 | -3.95 | -43.43 | 125.50 | 163.45 | |
| Filing Date Shares Outstanding | 16.99M | 14.65M | 2.39M | 350.49K | 21.10K | 15.09K |
| Total Common Shares Outstanding | 15.67M | 3.41M | 470.82K | 32.09K | 15.84K | |
| Working Capital | -1.51M | -6.50M | -11.68M | 7.00M | 9.07M | 7.82M |
| Book Value Per Share | 0.36 | -0.03 | -20.15 | 236.15 | 652.33 | |
| Tangible Book Value | 866.00K | -4.80M | -10.62M | 7.58M | 10.33M | 10.04M |
| Tangible Book Value Per Share | 0.06 | -1.41 | -22.55 | 236.15 | 652.33 | |
| Machinery | 83.00K | 64.00K | 8.00K | 2.74M | 3.02M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -15.03M | -15.87M | -23.26M | -9.38M | -4.64M | 230.00K |
| Depreciation & Amortization | 412.00K | 249.00K | 30.00K | 939.00K | 946.00K | 1.04M |
| Other Amortization | 1.69M | 212.00K | 1.52M | 47.00K | 45.00K | |
| Loss (Gain) From Sale of Assets | -41.00K | 3.00K | 4.00K | |||
| Asset Writedown & Restructuring Costs | 3.59M | |||||
| Stock-Based Compensation | 1.51M | 434.00K | 630.00K | 184.00K | 382.00K | 44.00K |
| Provision & Write-off of Bad Debts | 439.00K | 439.00K | 35.00K | 43.00K | -16.00K | |
| Other Operating Activities | -552.00K | 7.40M | 13.56M | 3.35M | 1.69M | -1.23M |
| Change in Accounts Receivable | -420.00K | -621.00K | 72.00K | -306.00K | 580.00K | -622.00K |
| Change in Inventory | 240.00K | 3.86M | -8.24M | |||
| Change in Accounts Payable | 1.69M | 654.00K | -345.00K | 5.53M | -3.51M | 3.22M |
| Change in Other Net Operating Assets | -538.00K | 232.00K | -231.00K | 1.79M | 268.00K | 3.52M |
| Operating Cash Flow | -11.32M | -9.85M | -9.06M | 2.35M | -330.00K | -2.01M |
| Capital Expenditures | -26.00K | -14.00K | -163.00K | -244.00K | -118.00K | |
| Sale of Property, Plant & Equipment | 54.00K | |||||
| Cash Acquisitions | 593.00K | -398.00K | ||||
| Sale (Purchase) of Intangibles | -667.00K | -419.00K | ||||
| Other Investing Activities | 860.00K | -327.00K | -1.66M | |||
| Investing Cash Flow | 167.00K | -167.00K | -2.05M | -109.00K | -244.00K | -118.00K |
| Short-Term Debt Issued | 2.44M | |||||
| Long-Term Debt Issued | 10.21M | 2.00M | ||||
| Total Debt Issued | 18.85M | 10.21M | 2.00M | 2.44M | ||
| Short-Term Debt Repaid | -2.50M | |||||
| Long-Term Debt Repaid | -527.00K | -2.58M | -436.00K | -226.00K | ||
| Total Debt Repaid | -879.00K | -527.00K | -2.58M | -1.78M | -2.94M | -226.00K |
| Net Debt Issued (Repaid) | 17.98M | 9.69M | -578.00K | -1.78M | -2.94M | 2.21M |
| Issuance of Common Stock | 12.93M | 3.58M | 5.19M | 4.96M | ||
| Repurchase of Common Stock | -758.00K | -7.16M | ||||
| Other Financing Activities | -706.00K | -124.00K | -1.07M | 4.01M | ||
| Financing Cash Flow | 17.98M | 8.93M | 11.65M | 1.67M | 1.18M | 4.02M |
| Net Cash Flow | 6.82M | -1.09M | 530.00K | 3.91M | 604.00K | 1.89M |
| Free Cash Flow | -11.35M | -9.86M | -9.06M | 2.18M | -574.00K | -2.13M |
| Free Cash Flow Margin | -133.16% | -224.60% | -3,052.19% | 6.70% | -1.46% | -4.48% |
| Free Cash Flow Per Share | -1.49 | -3.98 | -137.93 | 98.58 | -40.83 | |
| Levered Free Cash Flow | -9.76M | -17.44M | 7.47M | 1.17M | -1.49M | |
| Unlevered Free Cash Flow | -9.71M | -17.19M | 7.13M | 1.43M | -1.18M | |
| Cash Interest Paid | 221.00K | 246.00K | 591.00K | 44.00K | 481.00K | 547.00K |
| Cash Income Tax Paid | 34.00K | |||||
| Change in Working Capital | 736.00K | 265.00K | -504.00K | 7.26M | 1.20M | -2.13M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.66M | 2.75M | 8.29M | 6.48M | 4.92M | 5.10M |
| Enterprise Value | 5.71M | 5.34M | 8.35M | 7.21M | 4.74M | 8.50M |
| Last Close Price | 0.10 | 1.01 | 17.60 | 202.00 | 312.02 | 835.80 |
| PE Ratio | 22.19 | |||||
| Forward PE | 23.02 | 23.02 | ||||
| PS Ratio | 0.20 | 0.63 | 27.90 | 0.20 | 0.12 | 0.11 |
| PB Ratio | 0.27 | -1.48 | -0.79 | 0.85 | 0.48 | 0.51 |
| P/TBV Ratio | 1.92 | 0.85 | 0.48 | 0.51 | ||
| P/FCF Ratio | 2.97 | |||||
| P/OCF Ratio | 2.76 | |||||
| EV/Sales Ratio | 0.67 | 1.22 | 28.12 | 0.22 | 0.12 | 0.18 |
| EV/EBITDA Ratio | 27.00 | |||||
| EV/EBIT Ratio | 123.25 | |||||
| EV/FCF Ratio | 3.30 | |||||
| Debt / Equity Ratio | 2.75 | -6.13 | -0.96 | 0.52 | 0.06 | 0.44 |
| Debt / EBITDA Ratio | 3.92 | |||||
| Debt / FCF Ratio | 1.80 | |||||
| Net Debt / Equity Ratio | 1.23 | -5.25 | -0.27 | -0.37 | -0.22 | 0.21 |
| Net Debt / EBITDA Ratio | -0.33 | -1.27 | -0.59 | 0.35 | 0.66 | 6.75 |
| Net Debt / FCF Ratio | -0.36 | -0.99 | -0.32 | -1.27 | 4.00 | -1.00 |
| Asset Turnover | 0.55 | 0.28 | 0.01 | 2.00 | 2.41 | |
| Inventory Turnover | 2.59 | 3.73 | ||||
| Quick Ratio | 0.43 | 0.19 | 0.28 | 0.88 | 0.85 | 0.44 |
| Current Ratio | 0.90 | 0.55 | 0.59 | 1.43 | 2.48 | 1.65 |
| Return on Equity (ROE) | -524.07% | -45.54% | 2.56% | |||
| Return on Assets (ROA) | -50.87% | -32.02% | -13.17% | -11.76% | 0.22% | |
| Return on Invested Capital (ROIC) | -174.36% | -129.20% | -36.62% | 0.48% | ||
| Return on Capital Employed (ROCE) | -346.30% | 463.20% | 47.80% | -72.00% | -35.10% | 0.60% |
| Earnings Yield | -2,011.57% | -577.34% | -280.66% | -144.75% | -94.28% | 4.51% |
| FCF Yield | -682.18% | -358.75% | -109.39% | 33.66% | -11.67% | -41.74% |
| Buyback Yield / Dilution | -203.51% | -3,666.31% | -196.91% | -57.44% |