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Unless otherwise stated or the context otherwise requires, references in this report to RYTHM , the Company, we, us, our, or similar references mean RYTHM, Inc. and its subsidiaries on a consolidated basis. Business Overview RYTHM, Inc. (formerly Agrify Corporation) (together with its subsidiaries, the Company or RYTHM ) delivers well-being to consumers through its portfolio of hemp-derived tet…
The business is unprofitable at the operating level (-187.10% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 78.5%, still solid. Margins contracted 81.6pp, which offsets some of the top-line progress.
ROIC dropped from -34.90% to -101.09%, capital efficiency is deteriorating. Negative free cash flow of -$24M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$30M
▲ +78.5% YoY
Net Income (TTM)
-$12M
▲ +20.3% YoY
Op. Margin
-108.78%
▼ -81.6pp YoY
ROIC
-44.88%
▼ -66.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$16M
▼ -103.1% YoY
Op. Cash Flow (TTM)
-$16M
▼ -103.2% YoY
Net Debt
$56M
Cash & Equiv.
$33M
5Y CAGR: +7.4%
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