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How Rythm (RYM) makes money

Rythm (RYM) made $23.9M of revenue in the third quarter 2026 (Q3 2026), +490% from a year earlier. Licensing Revenue brought in $17.5M (73%); Non-licensing Revenue brought in $6.4M (27%).

Drawing the Sankey…

Rythm revenue by segment, Q3 2026Rythm revenue by segment, Q3 2026Licensing Revenue$17.5MNon-licensing Revenue$6.4M
Rythm revenue by quarterRythm revenue by quarter$538KQ1 2025$2.0MQ2 2025$4.0MQ3 2025$10.7MQ4 2025$13.3MQ1 2026$23.0MQ2 2026$23.9MQ3 2026
Rythm: where each dollar of revenue goesRythm: where each dollar of revenue goesOperating cash flow27¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Licensing Revenue$17.5M73.4%0%33×
Non-licensing Revenue$6.4M26.6%+15%+81%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$23.9M100.0%
Operating cash flow$6.3M26.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$23.9M+490%
Q2 2026$23.0M11×
Q1 2026$13.3M25×
Q4 2025$10.7M+395%
Q3 2025$4.0M+109%
Q2 2025$2.0M-32%
Q1 2025$538K-79%

From Rythm's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Rythm make money?

Rythm (RYM) made $23.9M of revenue in the third quarter 2026 (Q3 2026), +490% from a year earlier. Licensing Revenue brought in $17.5M (73%); Non-licensing Revenue brought in $6.4M (27%).

What is Rythm's biggest business?

Licensing Revenue: $17.5M in the third quarter 2026, 73% of revenue, up 33-fold from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.