Friday 6 November 2026
Export RYM’s income statement to Excel — free account
RYTHM, Inc.
RYM Consumer Defensive Tobacco
RYTHM, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.3 million, up 78.5% from fiscal 2024.
- Revenue
- +490.1%
- EPS
- +98.7%
- Free cash flow
- +217.6%
- Total debt
- +98.5%
Quarter to September 2026, against a year earlier
16.00
0.25
−1.54%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 2 | 4 | 12 | 60 | 58 | 15 | 10 | 17 | 71 | +38.5% | — | — | — | — | |
| Gross margin, % | — | — | 12.55 | (5.99) | 4.72 | 8.74 | (54.58) | 26.54 | (0.73) | 58.96 | 0.00 | +46.4 pt | ||||||
| EBT | — | — | (1) | (3) | (22) | (32) | (188) | (13) | (23) | (35) | (30) | +65.7% | ||||||
| EBT margin, % | — | — | (57.32) | (74.41) | (179.03) | (53.96) | (323.18) | (88.67) | (239.99) | (201.01) | 0.00 | (143.7) pt | ||||||
| Net income | — | 0 | (1) | (3) | (22) | (32) | (188) | (19) | (42) | (33) | 7 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 17.43 | 4,088.00 | 8,633.57 | 9,352.97 | 4,191.30 | 152.33 | 9.49 | 8.67 | 9.17 | (9.5%) | |||||
| Earnings | — | — | (9.99) | (2,973.09) | (15,952.02) | (5,067.47) | (13,526.09) | (187.56) | (40.92) | (16.68) | 3.13 | +7.6% | ||||||
| Cash flow | — | — | 0.48 | (3,441.00) | (10,558.57) | (4,710.78) | (5,181.37) | (311.62) | (11.35) | (11.80) | 1.68 | n/m | ||||||
| Capex | — | — | 0.00 | (184.00) | (97.14) | (347.34) | (585.18) | 2.54 | 0.02 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | 0.48 | (3,625.00) | (10,655.71) | (5,058.12) | (5,766.55) | (309.08) | (11.34) | (11.80) | 1.68 | n/m | ||||||
| Book value | — | — | (17.32) | (805.00) | (4,610.00) | 21,472.50 | (650.43) | (147.99) | 27.53 | 6.53 | 5.45 | n/m | ||||||
| Shares, m | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 4 | +53.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.08 | 0.0 | |||||
| P/S | — | — | 4.43 | 4.43 | 4.43 | 2.95 | 0.02 | 0.13 | 4.76 | 2.46 | 1.73 | 3.0 | ||||||
| P/B | — | — | 0.00 | 0.00 | 0.00 | 1.29 | 0.00 | 0.00 | 1.64 | 3.27 | 2.92 | 0.8 | ||||||
| EV/Sales | — | — | 3.82 | 3.82 | 3.82 | 2.02 | 0.17 | 1.50 | 2.63 | 5.26 | 2.90 | 2.9 | ||||||
| EV/FCF | — | — | (3.10) | (3.10) | (3.10) | (3.76) | (0.12) | (0.74) | (2.20) | (3.87) | 15.75 | (2.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 0 | (3) | (15) | (30) | (72) | (31) | (12) | (24) | 13 | n/m | |||||
| Capex | — | — | — | 0 | 0 | (2) | (8) | 0 | 0 | — | 0 | n/m | ||||||
| Free cash flow | — | — | 0 | (4) | (15) | (32) | (80) | (31) | (12) | (24) | 13 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | (2) | (1) | (8) | 43 | (26) | (17) | 10 | 5 | (33) | n/m | |||||
| Net debt | — | — | 0 | 0 | 5 | (55) | 8 | 21 | (21) | 48 | (48) | +168.6% | ||||||
| Shareholders’ equity | — | — | (2) | (1) | (6) | 137 | (9) | (15) | 28 | 13 | 42 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | (92.35) | (112.19) | (177.13) | (31.91) | (149.50) | (32.45) | (84.09) | (41.39) | 5.58 | +51.0 pt | |||||
| ROIC | — | — | 0.00 | 0.00 | 0.00 | (26.75) | 0.00 | (133.16) | (42.60) | (32.90) | 0.00 | (32.9) pt | ||||||
| ROE | — | — | 0.00 | 237.38 | 611.65 | (49.67) | (293.14) | 157.04 | (624.05) | (161.80) | 25.90 | (161.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | 40 | 74 | 141 | 72 | 39 | 11 | 11 | — | (19.4%) | |||||
| Revenue/emp, $m | — | — | 0.00 | 0.10 | 0.16 | 0.42 | 0.81 | 0.39 | 0.88 | 1.57 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026
RYTHM, Inc. vs peers in Tobacco (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MO Altria Group, Inc. | $129.1B | 16.1× | 14.1× | +0.99% (above 0%: growing) | +6.83% (above 0%: growing) | −1.35% (below 0%: shrinking) | 64.27% | 54.03% | Compare |
| RLX RLX Technology Inc. Sponsored ADR | $1.5B | 15.3× | 12.2× | +21.90% (above 0%: growing) | +30.00% (above 0%: growing) | −129.25% (below 0%: shrinking) | 39.03% | 14.22% | Compare |
| TPB Turning Point Brands, Inc. | $1.4B | 28.4× | 55.2× | +22.57% (above 0%: growing) | −77.78% (below 0%: shrinking) | +235.11% (above 0%: growing) | 65.55% | 11.69% | Compare |
| AIIR Air Global PLC | $1.2B | 285× | — | — | n/m | −487.91% (below 0%: shrinking) | 56.58% | (46.44%) | Compare |
| UVV Universal Corporation | $1.0B | — (loss-making) | 13.0× | −17.55% (below 0%: shrinking) | −63.24% (below 0%: shrinking) | −551.15% (below 0%: shrinking) | 17.29% | 6.86% | Compare |
| ISPR Ispire Technology Inc. | $82.6M | — (loss-making) | — (loss-making) | +32.55% (above 0%: growing) | n/m | −26.12% (below 0%: shrinking) | 6.32% | (50.72%) | Compare |
| RYM RYTHM, Inc. | $35.4M | 5.1× | — (loss-making) | +490.08% (above 0%: growing) | n/m | +217.62% (above 0%: growing) | 0.00% | 0.00% | |
| GNLN Greenlane Holdings, Inc. | $850.0K | — (loss-making) | — (loss-making) | −50.38% (below 0%: shrinking) | n/m | +23.77% (above 0%: growing) | 87.21% | (839.90%) | Compare |
| XXII 22nd Century Group, Inc | $640.0K | — (loss-making) | — (loss-making) | −29.86% (below 0%: shrinking) | n/m | −57.41% (below 0%: shrinking) | (10.23%) | (114.91%) | Compare |
| Median of peers | $1.1B | 22.2× | 13.6× | +0.99% | −28.20% | −41.76% | 47.81% | (19.79%) |
Pay and ownership Proxy statement filed 9 July 2026
Ownership
Directors and executive officers, together
3.48%
Green Thumb Industries Inc.
49.99%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement