Algorhythm Holdings, Inc.
RIME Technology Consumer Electronics
In the quarter to June 2026, revenue grew 160.9%, EPS fell 4.17% and free cash flow fell 262.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Algorhythm Holdings, Inc. (RIME) Beneish M-score
Algorhythm Holdings, Inc.'s Beneish M-score for fiscal 2025 cannot be worked out: gross margin index cannot be worked out.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2023 | −4.10 | (1.44) |
| FY2022 | −2.66 | (1.14) |
| FY2021 | −1.52 | 1.46 |
| FY2020 | −2.98 | (1.89) |
| FY2019 | −1.09 | 1.12 |
| FY2018 | −2.21 | (0.03) |
| FY2017 | −2.18 | 0.57 |
| FY2016 | −2.75 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.09 | — | 0.08 | |
| Gross margin index | — | — | n/a | — |
| Asset quality index | 4.46 | — | 1.80 | |
| Sales growth index | 14.78 | — | 13.19 | |
| Depreciation index | 1.05 | — | 0.12 | |
| SG&A index | 0.10 | — | −0.02 | |
| Total accruals to total assets | (0.62) | — | −2.91 | |
| Leverage index | 0.72 | — | −0.24 | |
| Beneish M-score | n/a — gross margin index cannot be worked out | — | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| FOXX Foxx Development Holdings Inc. compare | −10.2× |
| BOXL Boxlight Corporation compare | −3.6× |
| FEBO Fenbo Holdings Limited compare | −3.1× |
| KOSS Koss Corporation compare | −2.7× |
| ZEPP Zepp Health Corporation Sponsored ADR compare | −2.5× |
| MSN Emerson Radio Corporation compare | −0.2× |
| GMEX Fitell Corporation compare | 0.0× |
| RIME Algorhythm Holdings, Inc. | — |
| WLDS Wearable Devices Ltd. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI