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MARKETS / NASDAQ / RYTM
NASDAQ · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Rhythm Pharmaceuticals, Inc. RYTM

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$189.8M
▲ 45.8% YoY
$-196.5M
$-116.6M
In brief

What this company does

It also develops two earlier-stage investigational MC4R agonists, bivamelagon, an oral small molecule, and RM-718, designed for weekly subcutaneous administration. IMCIVREE is approved by the FDA to reduce excess body weight and maintain weight reduction long term in adult and pediatric patients aged 2 years and older with syndromic or monogenic obesity due to BBS, POMC, PCSK1, or LEPR deficiency, as determined by an FDA-approved test demonstrating variants in the POMC, PCSK1, or LEPR genes that are interpreted as pathogenic, likely pathogenic, or of uncertain significance. It has achieved market access or named patient sales for IMCIVREE for BBS or POMC and LEPR deficiencies, or both, in more than 25 countries outside the United States. As of February 1, 2026, it had 414 employees, including 126 employees in 11 countries outside of North America. Rhythm Pharmaceuticals, Inc. is a Delaware corporation organized in February 2013, originally incorporated under the name Rhythm Metabolic, Inc., and, as of October 2015, under the name Rhythm Pharmaceuticals, Inc.

Written from the business description in RHYTHM PHARMACEUTICALS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 189.8M
Revenue, FY2025 · full 11-year series below
Revenue $M Net income $M
FY2025 · Revenue 189.8 · Net income -196.5
80M160M-100M-200M201520172019202120232025
Compound annual growth
+100.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−104 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -101.2% · Net -103.6%
-2000%-4000%201520172019202120232025
ROE
FY2025 · ROE -244.5%
-100%-200%201520172019202120232025

Each USD of equity lost 244 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -116.6
-80M-160M201520172019202120232025

Total assetsUSD 480.2M
EquityUSD 139.1M
CashUSD 54.3M
Gross debtUSD 108.2M
Net debtUSD 53.9M
Current ratio4.41×

Net debt stands at 39% of equity.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B0.20.10.10.00.00.00.00.00.00.0·
Operating income $B−0.2−0.3−0.2−0.2−0.2−0.1−0.1−0.1−0.0−0.0−0.0
EBITDA $B−0.2−0.3−0.2−0.2−0.2−0.1−0.1−0.1−0.0−0.0·
Income tax $B0.00.00.0········
Net income $B−0.2−0.3−0.2−0.2−0.1−0.1−0.1−0.1−0.0−0.0−0.0
Free cash flow $B−0.1−0.1−0.1−0.2−0.1−0.1−0.1−0.1−0.0−0.0−0.0
EPS, diluted $−3.11−4.34−3.20−3.47−1.40−3.04−3.86−2.39−2.83−2.85−1.18
Dividend / sh $···········
Payout %···········
ROE %−244.5−272.2−85.1−66.1−30.9−59.9−53.4−37.9−60.1··
Shares out B0.070.060.060.060.050.040.040.030.030.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 42 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 48 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2015

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