secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001213900-26-052186
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RYTHM Q1 revenue $13.3M (+24% seq); net income $19.9M on tax benefit; guides Q2 rev ~$22M
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- Revenue $13.3M (+24% seq); gross profit $10.4M (78% margin) vs $8.0M (75%) prior quarter.
- Net income $19.9M from continuing ops, driven by $25.6M non-cash income tax benefit.
- Adjusted EBITDA ~breakeven; operating cash flow $1.0M; cash $33.3M.
- Q2 2026 revenue guidance ~$22M, representing 65% sequential growth.
- Amended license with Green Thumb to fixed annual fee $70M, inflation-adjusted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390026052186/0001213900-26-052186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390026052186/ea0289074-8k_rythm.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-052186

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer