RYTM
Company Description
Rhythm Pharmaceuticals, Inc. is a biopharmaceutical company with commercial products, dedicated to the discovery, development, and market launch of therapies addressing rare genetic conditions that cause obesity. Its leading pharmaceutical, IMCIVREE, functions as a powerful agonist of the melanocortin-4 receptor (MC4R). This medication is indicated for treating obesity stemming from deficiencies in pro-opiomelanocortin (POMC), proprotein convertase subtilisin/kexin type 1 (PCSK1), or the leptin receptor (LEPR), alongside its use in patients with Bardet-Biedl and Alström syndromes. Furthermore, the company is progressing setmelanotide (the active compound in IMCIVREE) through Phase II clinical trials. These studies are evaluating its potential for a broader spectrum of applications, including obesity caused by heterozygous POMC or LEPR deficiencies, steroid receptor coactivator 1 (SRC1) deficiency, SH2B1 deficiency, MC4 receptor deficiency, and obesity associated with Smith-Magenis syndrome, POMC epigenetic disorders, and other MC4R-related conditions. Rhythm Pharmaceuticals holds a collaborative research agreement with the Clinical Registry Investigating Bardet-Biedl Syndrome. The firm, headquartered in Boston, Massachusetts, was established in 2008 and changed its name from Rhythm Metabolic, Inc. to Rhythm Pharmaceuticals, Inc. in October 2015.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 189.76M | 130.13M | 77.43M | 23.64M | 3.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (196.54M) | (260.60M) | (184.68M) | (181.12M) | (69.61M) | (130.73M) | (134.62M) | (74.06M) | (33.71M) | (25.87M) | (11.07M) | (6.49M) |
| EPS | -3.11 | -4.34 | -3.20 | -3.51 | -1.37 | -2.96 | -3.70 | -2.39 | -1.26 | -1.55 | -1.09 | -0.64 |
| Free Cash Flow | (116.63M) | (113.88M) | (136.20M) | (177.71M) | (151.44M) | (122.19M) | (126.14M) | (62.78M) | (29.59M) | (24.28M) | (6.99M) | (7.51M) |
| FCF / Share | -1.79 | -1.87 | -2.36 | -3.41 | -3.05 | -2.77 | -3.46 | -2.02 | -1.11 | -1.45 | -0.69 | -0.74 |
| Operating CF | (115.67M) | (113.88M) | (136.16M) | (173.43M) | (146.00M) | (121.98M) | (122.75M) | (62.06M) | (29.46M) | (23.22M) | (6.98M) | (7.51M) |
| Total Assets | 481.19M | 392.27M | 332.75M | 382.48M | 329.52M | 187.07M | 308.52M | 260.21M | 151.74M | 12.34M | 37.27M | 194,000 |
| Total Debt | 246.47M | 3.94M | 1.26M | 1.94M | 2.55M | 3.09M | 3.56M | 0 | 0 | 0 | 0 | 0 |
| Cash & Equiv | 54.30M | 89.14M | 60.08M | 127.68M | 59.25M | 100.85M | 62.29M | 49.54M | 34.24M | 6.54M | 34.87M | 152,000 |
| Book Value | 139.07M | 164.55M | 169.76M | 264.26M | 284.15M | 166.53M | 281.02M | 246.26M | 144.79M | 7.30M | 32.00M | (358,000) |
| Return on Equity | -1.41 | -1.58 | -1.09 | -0.69 | -0.24 | -0.79 | -0.48 | -0.30 | -0.23 | -3.55 | -0.35 | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60.11M | 57.25M | 51.30M | 48.50M | 32.70M | 41.83M | 33.25M | 29.08M | 25.97M | 24.23M | 22.50M | 19.22M |
| Net Income | (55.64M) | (47.51M) | (52.90M) | (46.63M) | (49.50M) | (43.29M) | (43.64M) | (32.26M) | (141.37M) | (41.63M) | (44.16M) | (46.70M) |
| EPS | -0.83 | -0.73 | -0.82 | -0.75 | -0.81 | -0.72 | -0.71 | -0.53 | -2.35 | -0.70 | -0.76 | -0.82 |
| Free Cash Flow | (44.19M) | (26.34M) | (26.62M) | (23.31M) | (40.35M) | (18.84M) | (25.21M) | (29.08M) | (80.74M) | (29.38M) | (29.25M) | (41.97M) |
| FCF / Share | -0.65 | -0.39 | -0.41 | -0.37 | -0.64 | -0.31 | -0.41 | -0.48 | -1.34 | -0.50 | -0.51 | -0.74 |
| Operating CF | (44.19M) | (25.39M) | (26.62M) | (23.31M) | (40.35M) | (18.84M) | (25.21M) | (29.08M) | (40.74M) | (29.38M) | (29.25M) | (41.09M) |
| Total Assets | 442.32M | 481.19M | 506.87M | 372.73M | 386.69M | 392.27M | 363.57M | 381.85M | 258.65M | 332.75M | 354.20M | 309.94M |
| Total Debt | 227.02M | 246.47M | 151.00M | 259.47M | 4.06M | 3.94M | 4.03M | 4.12M | 1.08M | 1.26M | 1.44M | 1.61M |
| Cash & Equiv | 62.14M | 54.30M | 52.08M | 135.59M | 106.09M | 89.14M | 47.52M | 161.67M | 53.43M | 60.08M | 64.59M | 115.68M |
| Book Value | 122.91M | 139.07M | 148.82M | (11.91M) | 163.09M | 164.55M | 152.70M | 179.50M | 61.58M | 169.76M | 197.47M | 182.28M |
| Return on Equity | -0.45 | -0.34 | -0.36 | N/A | -0.30 | -0.26 | -0.29 | -0.18 | -2.30 | -0.25 | -0.22 | -0.26 |