RYM · NASDAQ · Tobacco

RYTHM (RYM)

Licenses cannabis brands and sells hemp-derived THC consumer products.

$23.84
After hours+0.62 (+2.67%)
At close$23.22(−0.26%)
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RYTHM, Inc.RYM
Consumer Staples

Owns cannabis and hemp brand IP, licensing specified brands to Green Thumb. It also sells hemp-derived THC products under its portfolio of brands.

Owns a portfolio of hemp-derived THC products and cannabis brand intellectual property, including RYTHM, incredibles, Dogwalkers, Beboe, &Shine, Doctor Solomon’s, Good Green, and Señorita. Its consumer-products business includes hemp-derived THC beverages across its branded portfolio.

Licenses specified brands to Green Thumb, which manufactures and distributes them. Green Thumb is also a major shareholder and has board representation, making the relationship central to the operating model. The company exited its legacy cultivation-equipment and extraction businesses before adopting the current IP-owner, licensing, and consumer-products model. The portfolio reflects the issuer's well-being positioning.

Company facts

CEOBenjamin Kovler
ListedSep 2, 2025
ExchangeNASDAQ
HeadquartersRolling Meadows, IL
CountryUnited States
Employees1
CIK0001800637
ISINUS00853E4044

Market cap$50.0M
EPS (ttm)−$11.23
P/E (ttm)−2.07
ROE-12.6%
P/B1.28
P/S0.9808
Dividend yieldDiv yield
Beta1.61vs XLP −0.06

No analyst consensus on record.

Next report
Nov 11, 26
in 50 days
EPS estimate
−$945.00
Revenue estimate
$5.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$5.25−$1.68−$3.66−$5.31−$6.63$1.33$0.09Pending
Estimate−$183.00−$945.00−$945.00−$945.00
Surprise+97.1%+100.1%+100.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$2.9M$538.0K$2.0M$4.0M$10.7M$13.3M$23.0MPending
Estimate$24.0M$63.1M$66.2M$66.3M$66.4M$5.8M$5.8M$5.8M
Surprise−88.1%−99.1%−96.9%−93.9%−83.9%+129.1%+296.9%
Estimate−$945.00
ReportedDue Nov 11, 2026
Estimate$5.8M
ReportedDue Nov 11, 2026
View details

Debt to equity206.30%
Current ratio59.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.9M$2.2M$538.0K$2.0M$4.0M$10.7M$13.3M$23.0M
Net income−$18.7M−$29.4M−$1.6M−$7.4M−$10.7M−$13.6M$19.9M$1.2M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%149.9%5.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.7M−$8.3M−$3.7M−$6.8M−$8.9M−$4.5M−$4.0M$1.9M
YoY growthLoss narrowedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss widenedTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $41.9M · Total debt $80.6M · Total assets $135.4M · Shareholders' equity $39.1M

Revenue
$23.0M
Operating income
$1.9M
Net income
$1.2M
View details

No dividends on record.

Institutions7.53%164.2K shares
16 holders · as of Jun 30, 2026
Insiders6.83%148.8K shares
10 holders · as of Jun 18, 2026
Strategic holders42.54%927.0K shares
2 holders · as of Feb 5, 2026
Other43.10%939.2K shares
remainder

2.18M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Rslgh, LLCStrategic10 percent owner
32.08%698,961filed May 29, 2025
Double Or Nothing LLCStrategic
10.46%227,995filed Feb 5, 2026
Benjamin KovlerInsiderdirector, officer: Interim CEO
3.04%66,269filed Nov 20, 2025
Vanguard Capital Management LLCInstitution
2.07%45,191as of Jun 30, 2026
Ieq Capital, LLCInstitution
1.60%34,897as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 17, 2026Armon Vakilidirector−2,250$26.52
Jun 16, 2026Max Holtzmandirector−5,000$26.00
Jun 11, 2026Timothy Mahoneydirector−5,000$26.34
Sep 25, 2025Benjamin Kovlerdirector, officer: Interim CEO+1,000$37.08
Sep 19, 2025Benjamin Kovlerdirector, officer: Interim CEO+1,000$39.99
View details

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CompareAfter hours

CompanyPriceChange
RYTHM$23.84+2.67%$50.0M1.0+1,027.4%
Tilray Brands$4.24+0.24%$456.3M0.4+25.5%
Canopy Growth$0.9782+0.44%$390.0M1.7−20.8%
Cronos Group$3.46+1.02%$1.24B18.457.15.1+58.4%
Organigram Global$1.11−0.89%$157.7M2.537.40.7+43.2%
Median10.447.31.2+34.3%