Algorhythm Holdings, Inc. (RIME) Balance Sheet
RIME balance sheet, FY2026
March 31, 2026 · U.S. dollars$12.7M assets = $14.6M liabilities + −$1.9M equity
Liabilities exceed assets: shareholders’ equity is negative (−$1.9M).
Both columns are drawn to the same scale: what RIME owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RIME financial health
Descriptive bands, not a rating. Fiscal FY2026.
RIME balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.6MFY2017 | $12.7MFY2026 | +1.0%/yr | |
| Total liabilities | $4.2MFY2017 | $14.6MFY2026 | +14.8%/yr | |
| Shareholders’ equity | $7.4MFY2017 | −$117,000FY2026 | — | |
| Cash & short-term investments | $2.3MFY2017 | $1.6MFY2026 | −3.8%/yr | |
| Total debt | $1.9MFY2017 | $11.4MFY2026 | +21.9%/yr | |
| Net cash (debt) | $381,008FY2017 | −$9.8MFY2026 | −$10.2M | |
| Working capital | $5.5MFY2017 | −$6.5MFY2026 | −$12.0M | |
| Current ratio | 2.32FY2017 | 0.55FY2026 | −1.77 | |
| Debt / equity | 0.26FY2017 | 0.53FY2024 | +0.27 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RIME assets
RIME liabilities and equity
RIME debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RIME balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.6M | $7.5M | $6.7M | $2.9M | $7.4M | $823,373 | $345,200 | $211,408 | $813,908 | $2.3M |
| Cash & equivalents | $1.6M | $7.5M | $6.7M | $2.9M | $7.4M | $823,373 | $345,200 | $211,408 | $813,908 | $2.3M |
| Receivables | $1.1M | $5.3M | $7.6M | $2.3M | $12.4M | $9.0M | $2.0M | $2.1M | $2.2M | $1.7M |
| Inventory | $0 | $2.2M | $6.9M | $9.1M | $11.1M | $5.3M | $7.6M | $6.0M | $8.5M | $5.4M |
| Other current assets | $5.2M | $1.7M | $2.1M | $906,000 | $301,394 | $3.7M | $3.9M | $2.5M | $157,515 | $345,743 |
| Total current assets | $7.9M | $16.8M | $23.2M | $15.2M | $31.2M | $18.9M | $13.8M | $10.8M | $11.7M | $9.7M |
| Property, plant & equipment (net) | $22,000 | $379,000 | $4.3M | $1.2M | $2.1M | $2.9M | $1.3M | $522,910 | $450,305 | $412,805 |
| Goodwill & intangible assets | $4.7M | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $79,000 | $29,000 | $179,000 | $255,000 | $775,277 | $511,132 | $1.4M | $851,781 | $965,327 | $1.5M |
| Total assets | $12.7M | $18.3M | $27.7M | $16.6M | $34.1M | $22.3M | $16.6M | $12.2M | $13.1M | $11.6M |
| Liabilities | ||||||||||
| Accounts payable | $1.4M | $3.8M | $7.6M | $1.8M | $6.0M | $4.0M | $5.0M | $842,708 | $1.6M | $1.4M |
| Short-term debt | $11.4M | $265,000 | $84,000 | $589,795 | $9.9M | $2.0M | $399,440 | $954,781 | $1.2M | $1.9M |
| Deferred revenue | — | $38,000 | $687,000 | $583,000 | $97,968 | $284,472 | — | — | — | — |
| Total current liabilities | $14.4M | $28.4M | $16.2M | $6.1M | $21.4M | $11.2M | $9.5M | $3.7M | $5.1M | $4.2M |
| Long-term debt | $0 | $385,000 | $0 | $57,855 | $138,649 | $484,164 | $1.1M | $0 | $0 | $0 |
| Lease obligations | — | $0 | $4.0M | $597,000 | $1.4M | $2.1M | — | — | — | — |
| Other long-term liabilities | $144,000 | $0 | $3.9M | $134,145 | $717,059 | $1.5M | $324,813 | $17,499 | $250,575 | $0 |
| Total liabilities | $14.6M | $28.8M | $20.1M | $6.3M | $22.3M | $13.2M | $10.9M | $3.7M | $5.3M | $4.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $35,000 | $5,000 | $64,000 | $32,000 | $366,362 | $390,407 | $385,576 | $384,648 | $382,820 | $382,593 |
| Retained earnings (deficit) | −$65.0M | −$49.2M | −$25.9M | −$19.5M | −$13.1M | −$11.1M | −$14.4M | −$11.6M | −$12.2M | −$12.4M |
| Accumulated other comprehensive income | −$25,000 | — | — | — | $0 | $0 | $0 | −$2,200 | — | $0 |
| Minority interest | −$1.7M | −$1.0M | — | — | — | — | — | — | — | — |
| Total shareholders' equity | −$117,000 | −$9.5M | $7.6M | $10.3M | $11.8M | $9.1M | $5.7M | $8.5M | $7.8M | $7.4M |
| Key figures | ||||||||||
| Total debt | $11.4M | $650,000 | $4.0M | $735,650 | $10.8M | $3.9M | $1.8M | $972,280 | $1.4M | $1.9M |
| Net cash (debt) | −$9.8M | $6.9M | $2.7M | $2.2M | −$3.4M | −$3.1M | −$1.5M | −$760,872 | −$626,459 | $381,008 |
| Working capital | −$6.5M | −$11.7M | $7.0M | $9.1M | $9.8M | $7.6M | $4.3M | $7.1M | $6.6M | $5.5M |
| Tangible book value | −$4.8M | −$10.6M | $7.6M | $10.3M | $11.8M | $9.1M | $5.7M | $8.5M | $7.8M | $7.4M |
| Current ratio | 0.55 | 0.59 | 1.43 | 2.48 | 1.46 | 1.68 | 1.45 | 2.94 | 2.30 | 2.32 |
| Quick ratio | 0.19 | 0.45 | 0.88 | 0.85 | 0.92 | 0.87 | 0.24 | 0.62 | 0.60 | 0.94 |
| Debt / equity | — | — | 0.53 | 0.07 | 0.91 | 0.43 | 0.32 | 0.11 | 0.18 | 0.26 |
| Equity / assets | −0.9% | −51.8% | 27.3% | 62.1% | 34.6% | 40.8% | 34.3% | 69.7% | 59.4% | 64.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $5.0M | $10.9M | $1.6M | $2.8M | $1.1M | $3.3M | $7.5M | $621,000 | $1.2M | $4.1M | $6.7M | $2.8M |
| Cash & equivalents | $5.0M | $10.9M | $1.6M | $2.8M | $1.1M | $3.3M | $7.5M | $621,000 | $1.2M | $4.1M | $6.7M | $2.8M |
| Receivables | $1.4M | $918,000 | $1.1M | $1.8M | $2.4M | $2.9M | $5.3M | $4.5M | $3.0M | $3.4M | $7.6M | $7.3M |
| Inventory | $0 | $0 | $0 | $0 | $2.7M | $1.9M | $2.2M | $7.3M | $6.9M | $6.5M | $6.9M | $11.0M |
| Other current assets | $7.0M | $1.8M | $5.2M | $859,000 | $1.3M | $877,000 | $1.7M | $1.9M | $686,000 | $1.5M | $2.1M | $238,997 |
| Total current assets | $13.4M | $13.6M | $7.9M | $5.5M | $7.6M | $9.0M | $16.8M | $14.4M | $11.8M | $15.5M | $23.2M | $21.3M |
| Property, plant & equipment (net) | $340,000 | $34,000 | $22,000 | $20,000 | $252,000 | $253,000 | $379,000 | $455,000 | $483,000 | $4.2M | $4.3M | $1.2M |
| Goodwill & intangible assets | $4.7M | $4.7M | $4.7M | $5.3M | $4.7M | $1.1M | $1.1M | $4.7M | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $95,000 | $81,000 | $79,000 | $52,000 | $90,000 | $81,000 | $29,000 | $41,000 | $93,000 | $179,000 | $179,000 | $1.6M |
| Total assets | $18.6M | $18.5M | $12.7M | $10.8M | $12.7M | $10.5M | $18.3M | $19.6M | $12.4M | $19.9M | $27.7M | $24.2M |
| Liabilities | ||||||||||||
| Accounts payable | $2.2M | $984,000 | $1.4M | $1.2M | $2.0M | $1.3M | $3.8M | $8.7M | $3.7M | $3.9M | $7.6M | $2.1M |
| Short-term debt | $8.8M | $11.8M | — | $6.1M | $644,000 | $551,000 | $265,000 | $450,000 | $165,000 | $55,000 | $509,000 | $2.5M |
| Deferred revenue | — | — | — | — | — | — | $38,000 | $462,000 | $38,000 | $408,000 | — | $1.3M |
| Total current liabilities | $14.9M | $15.2M | $14.4M | $10.5M | $9.2M | $6.7M | $28.4M | $16.5M | $9.1M | $10.6M | $16.2M | $10.9M |
| Long-term debt | $0 | $0 | $0 | $250,000 | $635,000 | $385,000 | $385,000 | $385,000 | $0 | $0 | $0 | $0 |
| Lease obligations | $306,000 | — | — | — | — | — | $0 | $135,000 | $4.3M | $4.1M | — | $3.9M |
| Other long-term liabilities | $394,000 | $126,000 | $144,000 | $0 | $0 | $0 | $0 | $0 | $4.1M | $4.0M | $3.9M | $113,520 |
| Total liabilities | $15.3M | $15.3M | $14.6M | $10.7M | $9.9M | $7.1M | $28.8M | $16.9M | $13.2M | $14.7M | $20.1M | $11.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $157,000 | $147,000 | — | $26,000 | $25,000 | $24,000 | $5,000 | $98,000 | $64,000 | $64,000 | $32,000 | $31,482 |
| Retained earnings (deficit) | −$74.0M | −$70.1M | −$65.1M | −$61.9M | −$58.9M | −$58.4M | −$49.2M | −$33.2M | −$34.4M | −$28.3M | −$25.9M | −$16.5M |
| Accumulated other comprehensive income | −$19,000 | −$32,000 | — | — | — | — | — | — | — | — | −$32,000 | $0 |
| Minority interest | −$2.3M | −$2.0M | −$1.7M | −$1.4M | −$1.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | $3.3M | $5.2M | −$117,000 | $1.5M | $4.2M | $4.5M | −$9.5M | $2.9M | −$872,000 | $5.2M | $7.6M | $13.2M |
| Key figures | ||||||||||||
| Total debt | $9.0M | $11.8M | — | $6.4M | $1.0M | $936,000 | $650,000 | $835,000 | $4.3M | $4.1M | $4.4M | $2.6M |
| Net cash (debt) | −$4.0M | −$859,000 | — | −$3.5M | $105,000 | $2.4M | $6.9M | −$214,000 | −$3.1M | $41,000 | $2.3M | $177,967 |
| Working capital | −$1.5M | −$1.5M | −$6.5M | −$5.0M | −$1.6M | $2.3M | −$11.7M | −$2.1M | $2.7M | $4.9M | $7.0M | $10.5M |
| Tangible book value | −$1.5M | $477,000 | −$4.8M | −$3.8M | −$560,000 | $3.4M | −$10.6M | −$1.8M | −$872,000 | $5.2M | $7.6M | $13.2M |
| Book value per share | $0.22 | $0.52 | — | — | — | — | — | $0.32 | — | — | — | — |
| Shares outstanding | 15.1M | 9.9M | — | — | — | — | — | 9.1M | — | — | — | — |
| Current ratio | 0.90 | 0.90 | 0.55 | 0.53 | 0.82 | 1.34 | 0.59 | 0.87 | 1.30 | 1.46 | 1.43 | 1.97 |
| Quick ratio | 0.43 | 0.78 | 0.19 | 0.44 | 0.39 | 0.93 | 0.45 | 0.31 | 0.46 | 0.71 | 0.88 | 0.93 |
| Debt / equity | 2.75 | 2.27 | — | 4.31 | 0.25 | 0.21 | — | 0.29 | — | 0.78 | 0.59 | 0.20 |
| Equity / assets | 17.7% | 28.1% | −0.9% | 13.7% | 32.9% | 42.8% | −51.8% | 14.7% | −7.1% | 26.3% | 27.3% | 54.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 2, 2026); data from EODHD.
RIME financial position
At the end of fiscal 2026 (March 31, 2026), Algorhythm had total assets of $12.7 million (down 30.5% from a year earlier), total liabilities of $14.6 million and shareholders' equity of -$0.1 million. It held $1.6 million in cash and short-term investments against $11.4 million of debt, net debt of $9.8 million. Its current ratio was 0.55. In the latest quarter (ended June 30, 2026) total assets were $18.6 million and equity $3.3 million.
Related: RIME income statement, RIME cash flow statement, RIME key metrics. See the RIME stock overview for the latest quote and news.
RIME balance sheet FAQ
What are Algorhythm's total assets?
Algorhythm reported total assets of $12.7 million at the end of fiscal 2026 (March 31, 2026), compared with $18.3 million a year earlier.
How much debt does Algorhythm have?
Algorhythm had $11.4 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Algorhythm have?
Algorhythm held $1.6 million in cash and short-term investments at the end of fiscal 2026; with $11.4 million of debt that is net debt of $9.8 million.
What is Algorhythm's book value?
Algorhythm's shareholders' equity (book value) was -$0.1 million at the end of fiscal 2026.
What is Algorhythm's current ratio?
Algorhythm had current assets of $7.9 million and current liabilities of $14.4 million, a current ratio of 0.55 (current liabilities exceed current assets).
How much goodwill does Algorhythm have?
Algorhythm carried $4.7 million of goodwill and intangible assets, 36.8% of total assets, at the end of fiscal 2026.