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
Last close
0.11
2026-10-23
Market cap
$1.8M
2026-06-30 share count
52-week range
0.09 - 4.58
Valuation FY2025 figures against the last close
P/S0.4x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-6.41
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 | 65,722 | — | 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.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.9M | $60.8M | $44.2M | $38.5M | $45.8M | $47.5M | $39.3M | — | $297.0K | $4.4M |
| Gross profit | $13.8M | $15.7M | $9.5M | $8.2M | $12.3M | $10.8M | $9.2M | — | -$194.0K | -$1.3M |
| Net income | $1.7M | $152.5K | $631.5K | -$2.9M | $2.2M | $230.0K | -$4.6M | — | -$23.3M | -$15.9M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Material agreement signed Item 1.01
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed Item 1.01
- Debt acceleration or default Something has triggered a lender's right to demand early repayment - usually a covenant breach. Item 2.04
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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