I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 23.02 M.
EPS: As of FY2026 Q2, the actual value is USD 0.09.
EBIT: As of FY2026 Q2, the actual value is USD 1.706 M.
Financial Highlights for RYTHM, Inc. (Second Quarter and Six Months Ended June 30, 2026)
Revenue
Revenue from continuing operations for the second quarter ended June 30, 2026, was $23.0 million, representing a 73% increase from $13.3 million in the prior quarter. For the three months ended June 30, 2026, revenue was $23,021 thousand, compared to $2,042 thousand for the same period in 2025. For the six months ended June 30, 2026, revenue was $36,307 thousand, significantly up from $2,580 thousand for the six months ended June 30, 2025.
Net Income (Loss)
Net income for the second quarter ended June 30, 2026, was $1.2 million. Net income (loss) for the three months ended June 30, 2026, was $1,184 thousand, compared to a net loss of - $7,360 thousand for the same period in 2025. For the six months ended June 30, 2026, net income was $21,106 thousand, a significant improvement from a net loss of - $8,986 thousand for the six months ended June 30, 2025.
Gross Profit
Gross profit for the three months ended June 30, 2026, was $18,536 thousand, up from $682 thousand for the same period in 2025. For the six months ended June 30, 2026, gross profit was $28,933 thousand, compared to $772 thousand for the six months ended June 30, 2025.
Operating Expenses
Operating expenses for the three months ended June 30, 2026, were $16,600 thousand, compared to $7,480 thousand for the same period in 2025. For the six months ended June 30, 2026, operating expenses were $31,031 thousand, compared to $11,271 thousand for the six months ended June 30, 2025.
Operating Income (Loss) from Continuing Operations
Operating income from continuing operations for the three months ended June 30, 2026, was $1,936 thousand, a notable improvement from an operating loss of - $6,798 thousand for the same period in 2025. For the six months ended June 30, 2026, operating loss from continuing operations was - $2,098 thousand, compared to - $10,499 thousand for the six months ended June 30, 2025.
Adjusted EBITDA
Adjusted EBITDA for the second quarter ended June 30, 2026, was $6.4 million, compared to approximately breakeven in the prior quarter. Adjusted EBITDA for the three months ended June 30, 2026, was $6,357 thousand, significantly up from - $5,448 thousand for the same period in 2025. For the six months ended June 30, 2026, Adjusted EBITDA was $6,337 thousand, compared to - $8,205 thousand for the six months ended June 30, 2025.
Cash and Cash Equivalents
Cash increased to $41.9 million as of June 30, 2026, driven by cash flow from operations of $8.7 million. Cash and cash equivalents were $41,915 thousand as of June 30, 2026.
Cash Flow from Operating Activities
Cash flows provided by operating activities for the six months ended June 30, 2026, totaled $9,697 thousand, a significant turnaround from - $15,138 thousand used in operating activities for the same period in 2025.
Net Increase in Cash and Cash Equivalents
The net increase in cash and cash equivalents for the six months ended June 30, 2026, was $9,697 thousand, compared to $9,786 thousand for the same period in 2025.
Other Key Operational Metrics
Fixed annual cash licensing fees of $70 million from Green Thumb Industries Inc. took effect April 1, 2026. THC beverage depletions increased to a record of approximately 25,000 cases across 18 states in June 2026, compared to approximately 7,000 in June 2025. Hemp-derived product revenue increased 67% sequentially.
Outlook / Guidance
RYTHM, Inc. is not providing an outlook for the third quarter of 2026 at this time. This decision is due to uncertainty stemming from forthcoming changes in federal law affecting hemp-derived THC products. These changes are scheduled to take effect November 12, 2026.