--- title: "Algorhythm | 10-Q: FY2026 Q1 Revenue: USD 2.4 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286412736.md" datetime: "2026-05-14T12:03:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286412736.md) - [en](https://longbridge.com/en/news/286412736.md) - [zh-HK](https://longbridge.com/zh-HK/news/286412736.md) --- # Algorhythm | 10-Q: FY2026 Q1 Revenue: USD 2.4 M Revenue: As of FY2026 Q1, the actual value is USD 2.4 M. EPS: As of FY2026 Q1, the actual value is USD -0.52. EBIT: As of FY2026 Q1, the actual value is USD -3.308 M. Algorhythm Holdings, Inc. operates as a single reportable segment, the SemiCab business, which is an AI-enabled software logistics and distribution platform . #### Segment Revenue - Net sales for the three months ended March 31, 2026, were $2,400,000, a significant increase from $123,000 for the same period in 2025, primarily due to the acquisition of SMCB on May 2, 2025 . #### Operational Metrics - **Cost of Sales**: Increased to $3,077,000 for the three months ended March 31, 2026, from $129,000 in the prior-year period, mainly due to freight, handling, and servicing costs from SMCB post-acquisition . - **Gross Loss**: Reported as - $677,000 for the three months ended March 31, 2026, compared to - $6,000 for the same period in 2025 . - **Operating Expenses**: Total operating expenses rose to $3,667,000 for the three months ended March 31, 2026, from $1,056,000 in the prior-year period, driven by increased general and administrative expenses related to SemiCab business growth . - **Selling Expenses**: $33,000 for the three months ended March 31, 2026, with no selling expenses in the corresponding 2025 period . - **General and Administrative Expenses**: Increased to $3,634,000 for the three months ended March 31, 2026, from $1,056,000 in the same period of 2025, due to SemiCab operations and stock-based compensation . - **Loss from Operations**: Was - $4,344,000 for the three months ended March 31, 2026, compared to - $1,062,000 for the same period in 2025 . - **Other Expenses**: Decreased to - $1,036,000 for the three months ended March 31, 2026, from - $6,484,000 in the prior-year period, primarily due to a - $6,468,000 non-cash charge for warrant liability in 2025, partially offset by a $1,020,000 increase in interest expense in 2026 . - **Net Loss from Continuing Operations**: Was - $5,380,000 for the three months ended March 31, 2026, an improvement from - $7,546,000 for the same period in 2025 . - **Net Loss Attributable to Non-Controlling Interest**: Was - $274,000 for the three months ended March 31, 2026, compared to - $103,000 for the same period in 2025 . - **Stock-based Compensation Expense**: Recognized as $923,000 for the three months ended March 31, 2026, compared to $85,000 for the same period in 2025 . #### Cash Flow - **Net Cash Used in Operating Activities (Continuing Operations)**: Was - $3,922,000 during the three months ended March 31, 2026, compared to - $2,374,000 for the same period in 2025 . - **Net Cash Used in Investing Activities (Continuing Operations)**: Was - $128,000 during the three months ended March 31, 2026, a decrease from - $672,000 for the same period in 2025, mainly due to reduced advances to SMCB partially offset by increased capitalization of internal use software . - **Net Cash Provided by Financing Activities (Continuing Operations)**: Was $8,843,000 for the three months ended March 31, 2026, primarily from $9,020,000 in net proceeds from the Fourth Pre-Paid Purchase with Streeterville, with no such cash flow in the prior-year period . - **Cash and Restricted Cash**: The balance was $10,939,000 as of March 31, 2026 . #### Future Outlook and Strategy Algorhythm Holdings, Inc. plans to invest in its SemiCab AI logistics and distribution business, focusing on R&D, hiring, marketing, advertising, and back-office support to drive significant revenue growth . The company anticipates substantial increases in net sales over the next 12 months, driven by its growing customer base in India and expansion into the United States and Europe . Operating expenses and net loss are also expected to increase as the company funds this growth and development, with potential impacts from future acquisitions of complementary AI logistics and distribution businesses . ### Related Stocks - [RIME.US](https://longbridge.com/en/quote/RIME.US.md) ## Related News & Research - [Algorhythm Holdings to Announce its Financial Results for the First Quarter of 2026 | RIME Stock News](https://longbridge.com/en/news/286107326.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)