Filing Flows › Rythm (RYM) › Q1 2026
Rythm (RYM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Rythm (RYM) reported revenue of $13.3M for the first quarter 2026 (Q1 2026), up 25-fold from a year earlier and +25% from the quarter before. Operating margin was -30.4%, net earnings $19.9M (149.9% of revenue).
Rythm, Q1 2026: revenue $13.3M (25× year over year), operating margin -30.4%, net earnings $19.9M, operating cash flow $1.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.3M | +25% | 25× |
| Operating profit | −$4.0M | — | — |
| Net earnings | $19.9M | — | — |
| Operating cash flow | $1.0M | — | — |
What changed
Revenue was $13.3M in Q1 2026, up 2370% year over year and up 25% from the previous quarter. License was the largest line at 75% of revenue. Nonlicensing Revenue added $2.8M year over year (up 515%), 22% of the total change.
Gross margin was 78.3%, up 61.5 points from Q1 2025. Operating costs exceeded revenue by $4.0M, an operating margin of -30.4%. Operating expenses grew 281% against revenue growth of 2370%. Net earnings were $19.9M.
Operating cash flow was $1.0M, 5% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $570K of share-based compensation. Working capital and other items used $22.9M.
Questions
What was Rythm's revenue in the first quarter 2026?
Rythm (RYM) reported revenue of $13.3M for the first quarter 2026 (Q1 2026), up 25-fold from a year earlier and +25% from the quarter before.
Was Rythm profitable in the first quarter 2026?
Operating loss was $4.0M (-30.4% of revenue) and net earnings $19.9M.
Source: Rythm 10-Q on SEC EDGAR.