Filing Flows › Consumer Staples › Rythm (RYM)
Rythm (RYM) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Rythm (RYM) Q3 2026 earnings results →
Q3 2026 Revenue up 490% year over year to $23.9M · 2¢ of every $1 of revenue lost · operating margin 4.1%
Rythm made $23.9M in Q3 2026 (+490% Y/Y): Licensing Revenue $17.5M, Non-licensing Revenue $6.4M. Operating margin 4.1%, net loss $533K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $23.9M in Q3 2026, up 490% year over year and up 4% from the previous quarter. Licensing Revenue was the largest line at 73% of revenue. Licensing Revenue added $17.0M year over year (up 3189%), 86% of the total change.
Gross margin was 76.9%, up 42.9 points from Q3 2025. Operating profit was $1.0M, a 4.1% margin (up 223.9 points year over year). Operating expenses grew 69% against revenue growth of 490%. The quarter ended with a net loss of $533K, after a profit of $1.2M the previous quarter. Net interest and other expense of $1.5M was the main reason.
Operating cash flow was $6.3M. Non-cash charges added back $3.5M of depreciation and amortization and $517K of share-based compensation. Working capital and other items added $2.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $23.9M | +490% | 4.1% | −$533K | $6.3M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $23.0M | 11× | 8.4% | $1.2M | $8.7M |
| Q1 2026 | 10-Q | May 5, 2026 | $13.3M | 25× | -30.4% | $19.9M | $1.0M |
| Q4 2025 | 10-K | Mar 3, 2026 | $10.7M | +395% | -121.5% | −$13.6M | −$3.0M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $4.0M | +109% | -219.8% | −$10.7M | −$5.4M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $2.0M | -32% | -332.9% | −$7.4M | −$8.4M |
| Q1 2025 | 10-Q | May 9, 2025 | $538K | -79% | -687.9% | −$1.6M | −$6.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Rythm
Unless otherwise stated or the context otherwise requires, references in this report to “RYTHM”, the “Company,” “we,” “us,” “our,” or similar references mean RYTHM, Inc. and its subsidiaries on a consolidated basis. RYTHM, Inc. (formerly Agrify Corporation) (together with its subsidiaries, the “Company” or “RYTHM”) delivers well-being to consumers through its portfolio of hemp-derived tetrahydrocannabinol (“hemp-derived THC”) products and iconic licensed brands. The Company’s portfolio of consumer-packaged goods brands includes RYTHM, incredibles, Dogwalkers, Beboe, &Shine, Doctor Solomon’s, Good Green and Señorita. The RYTHM and Señorita brands offer consumers hemp-derived THC beverages and are sold at top retailers, online and through direct-to-retail partnerships.
In its own words, from its 10-K, filed Mar 3, 2026.
Rythm against its Agricultural Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +490% against the peers' median +1%. Operating margin: 4.1% against the peers' median 4.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RYM Rythm | Q3 2026 | $23.9M | +490% | 4.1% |
| BV BrightView Holdings | Q3 FY26 | $718M | +1% | 4.5% |
| Davey Tree Expert | Q2 2026 | $519M | +1% | 8.2% |
| AVO Mission Produce | Q3 FY26 | $450M | +26% | 0.1% |
| GGROU Golden Growers Cooperative | Q2 2026 | $14.9M | -8% | 9.7% |
| BNC BNB Standard | Q1 FY27 | $7.2M | — | -296.3% |
| CVAT Cavitation Technologies | Q3 FY26 | $3K | -98% | n/m |
Source: Rythm 10-Q on SEC EDGAR · CIK 1800637 · Agricultural Services
Guidance and outlook
13F: who owns RYM and who is buying
More on RYM
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results