Algorhythm Holdings, Inc. (RIME) Income Statement
RIME FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsRIME revenue and net income
Where RIME's revenue goes
FY2026Each bar shows an amount and its share of revenue. RIME kept −365.5% of revenue as net income.
RIME profit margins
RIME growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −81.3% | −51.8% | −37.4% | −21.4% |
| Gross profit | −127.5% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RIME quarterly EPS vs estimates
Algorhythm beat the analyst EPS estimate in 3 of the last 6 quarters. Next report: November 18, 2026.
RIME income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.4M | $23.5M | $32.6M | $39.3M | $47.5M | $45.8M | $38.5M | $46.5M | $60.8M | $52.9M |
| Cost of revenue | $5.7M | $18.7M | $25.6M | $30.1M | $36.7M | $33.5M | $30.3M | $34.7M | $45.1M | $39.1M |
| Gross profit | −$1.3M | $4.8M | $7.0M | $9.2M | $10.8M | $12.3M | $8.2M | $11.8M | $15.7M | $13.8M |
| Research & development | — | — | — | — | — | — | — | $100,000 | $200,000 | $100,000 |
| Sales, general & admin | $6.6M | $15.1M | $15.3M | $12.9M | $10.7M | $10.6M | $10.9M | $8.6M | $11.2M | $10.6M |
| Total operating expenses | $6.6M | $18.7M | $15.3M | $12.9M | $10.7M | $10.9M | $11.4M | $10.7M | $14.7M | $10.8M |
| Operating income | −$7.9M | −$13.9M | −$8.3M | −$3.7M | $69,000 | $1.4M | −$3.2M | $1.0M | $1.0M | $3.0M |
| Interest expense | $747,000 | $1.9M | $339,000 | $479,000 | $580,000 | $473,969 | $254,042 | $257,927 | $304,991 | $263,307 |
| Income before taxes | −$15.2M | −$24.4M | −$7.9M | −$3.6M | $287,000 | $2.6M | −$3.5M | $791,027 | $697,363 | $2.7M |
| Income taxes | $47,000 | — | $1.5M | $1.0M | $57,000 | $456,869 | −$641,814 | $159,480 | $544,877 | $1.0M |
| Net income | −$16.1M | −$23.3M | −$9.4M | −$4.6M | $230,000 | $2.2M | −$2.9M | $631,547 | $152,486 | $1.7M |
| EBITDA | −$14.2M | −$22.0M | −$7.9M | −$2.2M | $1.9M | $3.3M | −$3.0M | $1.3M | $1.2M | $3.2M |
| EPS (diluted) | −$1.91 | −$109.98 | $67.48 | −$142.27 | $14.74 | $1.22 | −$2.19 | $0.49 | $17.14 | $257.42 |
| Gross margin | −29.9% | 20.3% | 21.5% | 23.4% | 22.8% | 26.8% | 21.2% | 25.3% | 25.8% | 26.1% |
| Operating margin | −181.0% | −59.3% | −25.4% | −9.4% | 0.1% | 3.1% | −8.4% | 2.3% | 1.6% | 5.6% |
| Net margin | −365.5% | −99.0% | −28.8% | −11.8% | 0.5% | 4.7% | −7.4% | 1.4% | 0.3% | 3.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0M | $2.4M | $1.4M | $1.7M | $2.7M | $2.0M | $8.0M | $10.6M | $2.4M | $2.4M | $10.6M | $15.9M |
| Cost of revenue | $3.6M | $3.1M | $2.0M | $2.1M | $1.8M | $1.5M | $6.4M | $8.2M | $2.1M | $1.9M | $9.0M | $12.2M |
| Gross profit | −$593,000 | −$677,000 | −$617,000 | −$351,000 | $954,000 | $500,000 | $1.6M | $2.4M | $324,000 | $502,000 | $1.7M | $3.7M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $107,000 | — |
| Sales, general & admin | $2.1M | $3.7M | $3.4M | $1.2M | $1.7M | $3.3M | $4.7M | $4.3M | $2.6M | $2.8M | $5.5M | $3.6M |
| Total operating expenses | $2.1M | $3.7M | $5.4M | $1.2M | $1.7M | $3.3M | $8.3M | $1.1M | $6.5M | $2.8M | $5.5M | $3.6M |
| Operating income | −$2.7M | −$4.3M | −$4.1M | −$1.6M | −$782,000 | −$2.8M | −$6.7M | $1.3M | −$6.2M | −$2.3M | −$3.8M | $105,950 |
| Interest expense | $1.0M | $1.0M | $411,000 | $293,000 | $27,000 | $16,000 | $1.6M | $283,000 | $17,000 | $28,000 | $217,000 | $52,711 |
| Income before taxes | −$4.1M | −$5.4M | −$4.5M | −$1.9M | −$809,000 | −$9.3M | −$16.9M | $974,000 | −$6.2M | −$2.3M | −$4.0M | $97,535 |
| Income taxes | $3,000 | $23,000 | — | $24,000 | −$1.0M | — | — | — | −$52,000 | $52,000 | — | — |
| Net income | −$4.1M | −$5.1M | −$3.1M | −$3.0M | −$585,000 | −$9.2M | −$16.0M | $1.2M | −$6.1M | −$2.4M | −$4.0M | $97,535 |
| EBITDA | −$3.0M | −$4.3M | −$3.9M | −$1.5M | −$777,000 | −$9.2M | −$15.2M | $1.5M | −$6.2M | −$2.2M | −$3.8M | $634,326 |
| EPS (diluted) | −$0.25 | −$0.52 | — | −$1.15 | −$0.24 | −$4.66 | −$104.50 | $0.13 | −$0.95 | −$74.00 | −$0.73 | $2.52 |
| Gross margin | −19.7% | −28.2% | −44.9% | −20.1% | 35.1% | 25.1% | 19.7% | 22.4% | 13.3% | 20.7% | 15.5% | 23.4% |
| Operating margin | −89.9% | −181.0% | −295.9% | −89.7% | −28.8% | −141.0% | −84.2% | 11.8% | −252.2% | −94.3% | −35.9% | 0.7% |
| Net margin | −138.1% | −212.8% | −228.2% | −169.8% | −21.5% | −461.2% | −199.4% | 11.3% | −250.8% | −97.6% | −37.9% | 0.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RIME's financial statements (latest annual report filed April 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RIME financial results
In fiscal year 2026 (ended March 31, 2026), Algorhythm reported revenue of $4.4 million, down 81.3% from the year before. It had a net loss of $16.1 million, a net profit margin of −365.5%. Diluted earnings per share came to −$1.91. Over five years revenue grew at an average rate of −37.4% a year.
See the RIME stock overview for the latest quote and news, or the RIME chart for price history and technical indicators.
RIME income statement FAQ
What is Algorhythm's annual revenue?
Algorhythm reported total revenue of $4.4 million for fiscal year 2026, which ended on March 31, 2026. That was down 81.3% from $23.5 million the previous year.
Is Algorhythm profitable?
No. Algorhythm reported a net loss of $16.1 million in fiscal 2026, a net profit margin of −365.5%; its operating margin was −181.0%.
What is Algorhythm's gross margin?
Algorhythm's gross margin was −29.9% in fiscal 2026: for every $100 of revenue, Algorhythm kept $-30 after the direct cost of its products and services.
How fast is Algorhythm growing?
Revenue grew −37.4% a year on average over the last five fiscal years, from $45.8 million to $4.4 million.
What are Algorhythm's earnings per share?
Algorhythm earned $-1.91 per diluted share in fiscal 2026, compared with $-109.98 a year earlier.
When will Algorhythm report its next earnings?
Algorhythm is expected to report results for the quarter ending September 30, 2026 on November 18, 2026.
When does Algorhythm's fiscal year end?
Algorhythm's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on April 2, 2026.