Algorhythm Holdings, Inc. RIME
the context requires otherwise, references in this Annual Report to "we," "us," and "our," refer
to Algorhythm Holdings, Inc. and its consolidated subsidiaries. Unless otherwise expressly provided in this Annual Report, all historical
per share data, number of shares issued and outstanding, stock awards, and other common stock equivalents set forth herein relating to
our common stock have been adjusted to give effect to a reverse stock split of our common stock in a ratio of 1-for-200 effected on February
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.4M | $297.0K | — | $39.3M | $47.5M | $45.8M | $38.5M | $44.2M | $60.8M | $52.9M |
| Cost of revenue | $5.7M | $491.0K | — | $30.1M | $36.7M | $33.5M | $30.3M | $34.7M | $45.1M | $39.1M |
| Gross profit | -$1.3M | -$194.0K | — | $9.2M | $10.8M | $12.3M | $8.2M | $9.5M | $15.7M | $13.8M |
| R&D | — | — | — | $100.0K | $100.0K | $100.0K | $100.0K | $100.0K | $200.0K | $100.0K |
| SG&A | $6.6M | $4.7M | — | $9.5M | $7.2M | $6.6M | $6.6M | $5.8M | $6.4M | $5.6M |
| Total operating expenses | $6.6M | $8.2M | — | $12.9M | $10.7M | $10.9M | $11.4M | $8.4M | $14.7M | $10.8M |
| Operating income | -$7.9M | -$8.4M | — | -$3.7M | $69.0K | $1.4M | -$3.2M | $1.0M | $1.0M | $3.0M |
| Interest expense | — | — | — | $33.0K | $0 | — | $240.7K | $244.6K | $273.4K | $189.2K |
| Pre-tax income | -$15.2M | -$18.9M | — | -$3.6M | $287.0K | $2.6M | -$3.5M | $791.0K | $697.4K | $2.7M |
| Income tax | $47.0K | — | — | $1.0M | $57.0K | $456.9K | $641.8K | $159.5K | $544.9K | $1.0M |
| Net income | -$15.9M | -$23.3M | — | -$4.6M | $230.0K | $2.2M | -$2.9M | $631.5K | $152.5K | $1.7M |
| EPS, basic | -6.41 | -353.87 | — | -1.65 | 0.14 | 1.68 | -0.07 | 0.02 | 0.00 | 0.04 |
| EPS, diluted | -6.41 | -353.87 | — | -1.65 | 0.14 | 1.67 | -0.07 | 0.02 | 0.00 | 0.04 |
| Shares, diluted (wtd. avg.) | $2.5M | $65.7K | — | $2.8M | $1.6M | $1.3M | $38.5M | $39.2M | $39.6M | $39.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | $6.7M | $2.9M | $2.3M | $396.6K | $345.2K | $211.4K | $813.9K | $2.3M |
| Receivables | — | — | — | $2.1M | $2.8M | $2.2M | $1.9M | $1.8M | $1.1M | $1.7M |
| Inventory | — | $2.2M | $6.9M | $9.1M | $14.2M | $5.5M | $7.6M | $6.0M | $8.5M | $5.4M |
| Total current assets | $7.9M | $16.8M | $23.2M | $15.2M | $19.8M | $13.0M | $13.8M | $10.8M | $11.7M | $9.7M |
| Property, plant and equipment | $22.0K | $2.0K | $404.0K | $633.0K | $565.1K | $674.2K | $771.3K | $522.9K | $450.3K | $412.8K |
| Goodwill | $2.7M | $786.0K | $0 | — | — | — | — | — | — | — |
| Other intangibles | $2.0M | $345.0K | — | — | — | — | — | — | — | — |
| Total assets | $12.7M | $18.3M | $27.7M | $16.6M | $22.7M | $16.8M | $16.6M | $12.2M | $13.1M | $11.6M |
| Accounts payable | $1.4M | $387.0K | $7.6M | $1.8M | $5.3M | $2.5M | $5.0M | $842.7K | $1.6M | $1.4M |
| Total current liabilities | $14.4M | $28.4M | $16.2M | $6.1M | $12.0M | $7.0M | $9.5M | $3.7M | $5.1M | $4.2M |
| Total liabilities | $14.6M | $28.8M | $20.1M | $6.3M | $12.6M | $8.9M | $10.9M | $3.7M | $5.3M | $4.2M |
| Retained earnings | -$65.0M | -$49.2M | -$25.9M | -$19.5M | -$14.9M | -$12.3M | -$14.4M | -$11.6M | -$12.2M | -$12.4M |
| Total equity | -$1.9M | -$10.5M | $7.6M | $10.3M | $10.0M | $7.9M | $5.7M | $8.5M | $7.8M | $7.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.3M | -$4.0M | — | -$330.0K | -$2.0M | $171.0K | $444.8K | $187.5K | -$710.0K | $1.0M |
| Depreciation and amortisation | $249.0K | $30.0K | — | $228.0K | $246.0K | $298.4K | $269.1K | $259.7K | $220.0K | $166.0K |
| Stock-based compensation | $434.0K | $630.0K | — | $382.0K | $44.0K | $22.7K | $32.5K | $52.4K | $211.5K | $63.7K |
| Capital expenditure | $14.0K | $70.0K | — | $244.0K | $118.0K | $201.2K | $517.5K | $288.7K | $257.5K | $148.2K |
| Investing cash flow | -$1.8M | -$2.2M | — | -$244.0K | -$118.0K | -$201.2K | -$517.5K | -$288.7K | -$257.5K | -$148.2K |
| Financing cash flow | $9.7M | $11.6M | — | $1.2M | $4.0M | $81.5K | $206.6K | -$501.2K | -$524.1K | -$679.4K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-014724.
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