Saturday 17 October 2026
Export RYTM’s income statement to Excel — free account
Rhythm Pharmaceuticals, Inc.
RYTM Healthcare Biotechnology
Rhythm Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $189.8 million, up 45.8% from fiscal 2024. In the quarter to June 2026, revenue grew 46.9%, EPS grew 2.67% and free cash flow grew 60.7%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
86.17
1.80
−2.05%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | 21.38 | 16.80 | 18.00 | 12.99 | 8.44 | 3.04 | 15.50 | 35.17 | 45.91 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | 31.63 | 37.23 | 31.94 | 34.27 | 43.26 | 30.98 | 50.28 | 68.58 | 122.20 | |||||
| People | |||||||||||||||
| People | Employees | 15 | 26 | 54 | 70 | 90 | 140 | 177 | 226 | 283 | 414 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.13 | 0.34 | 0.46 | 0.46 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 3 | 24 | 77 | 130 | 190 | ||||
| Gross margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 81.01 | 90.98 | 87.99 | 89.73 | 89.73 | |||||
| EBT | (26) | (34) | (74) | (141) | (134) | (70) | (181) | (184) | (260) | (196) | |||||
| EBT margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (2,207.10) | (766.22) | (237.79) | (200.00) | (103.31) | |||||
| Net income | (26) | (34) | (74) | (141) | (134) | (70) | (181) | (185) | (261) | (197) | |||||
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.45 | 1.34 | 2.13 | 2.92 | ||||
| Earnings | (2.54) | (2.83) | (2.39) | (3.86) | (3.04) | (1.40) | (3.47) | (3.20) | (4.34) | (3.11) | |||||
| Cash flow | (2.28) | (2.22) | (2.00) | (3.37) | (2.76) | (2.94) | (3.33) | (2.36) | (1.87) | (1.78) | |||||
| Capex | (0.10) | (0.01) | (0.02) | (0.09) | 0.00 | 0.03 | (0.08) | (0.10) | (0.66) | (0.63) | |||||
| Free cash flow | (2.38) | (2.23) | (2.02) | (3.46) | (2.77) | (2.91) | (3.41) | (2.46) | (2.53) | (2.41) | |||||
| Book value | 0.72 | 10.91 | 7.94 | 7.72 | 3.77 | 5.73 | 5.07 | 2.94 | 2.70 | 4.16 | |||||
| Shares, m | 10 | 13 | 31 | 36 | 44 | 50 | 52 | 58 | 61 | 65 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | 156.95 | 63.15 | 33.62 | 26.24 | 36.66 | |||||
| P/B | — | — | — | — | — | 1.74 | 5.65 | 15.33 | 157.14 | 50.02 | |||||
| EV/Sales | — | — | — | — | — | 63.46 | 49.05 | 30.05 | 23.78 | 34.61 | |||||
| EV/FCF | — | — | — | — | — | (1.39) | (6.79) | (15.95) | (19.53) | (40.76) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (23) | (29) | (62) | (123) | (122) | (146) | (173) | (136) | (114) | (116) | ||||
| Capex | (1) | 0 | (1) | (3) | 0 | 2 | (4) | (6) | (40) | (41) | |||||
| Free cash flow | (24) | (30) | (63) | (126) | (122) | (144) | (178) | (142) | (154) | (157) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 6 | 144 | 245 | 278 | 164 | 265 | 314 | 253 | 259 | 361 | ||||
| Total debt | — | — | — | 4 | 3 | 3 | 78 | — | — | — | |||||
| Net debt | (11) | (148) | (252) | (292) | (173) | (295) | (333) | (276) | (321) | (389) | |||||
| Shareholders’ equity | 7 | 145 | 246 | 281 | 167 | 284 | 264 | 170 | 165 | 270 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (117.20) | (45.81) | (35.96) | (49.49) | (54.07) | (26.95) | (50.88) | (51.64) | (72.98) | (46.29) | ||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | 142.86 | (67.06) | (37.88) | (53.38) | (59.88) | (30.89) | (66.05) | (85.10) | (276.33) | (251.14) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Rhythm Pharmaceuticals, Inc. vs peers in Biotechnology (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 |
|---|---|---|---|---|---|---|---|---|---|
| PRAX Praxis Precision Medicines, Inc. | $6.9B | — (loss-making) | — (loss-making) | +1,349.13% (above 0%: growing) | n/m | −43.54% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| IOVA Iovance Biotherapeutics, Inc. | $6.7B | — (loss-making) | — (loss-making) | +65.65% (above 0%: growing) | n/m | +11.52% (above 0%: growing) | 56.10% | (52.26%) | Compare |
| BLTE Belite Bio, Inc. Sponsored ADR | $6.2B | — (loss-making) | — | — | n/m | +64.67% (above 0%: growing) | — | 0.00% | Compare |
| RYTM Rhythm Pharmaceuticals, Inc. | $6.1B | — (loss-making) | — (loss-making) | +46.91% (above 0%: growing) | n/m | +60.74% (above 0%: growing) | 87.47% | (68.14%) | |
| LGND Ligand Pharmaceuticals Incorporated | $6.0B | 29.5× | 54.7× | +33.73% (above 0%: growing) | +868.00% (above 0%: growing) | +35.53% (above 0%: growing) | 94.95% | 13.49% | Compare |
| IMVT Immunovant, Inc. | $5.7B | — (loss-making) | — | — | n/m | −5.96% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| KOD Kodiak Sciences Inc. | $5.5B | — (loss-making) | — | — | n/m | −33.86% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| CGON CG Oncology, Inc. | $5.5B | — (loss-making) | — (loss-making) | +2,125.00% (above 0%: growing) | n/m | −67.60% (below 0%: shrinking) | (239.24%) | (7,467.68%) | Compare |
| MIRM Mirum Pharmaceuticals, Inc. | $5.4B | — (loss-making) | — (loss-making) | +37.92% (above 0%: growing) | n/m | −681.46% (below 0%: shrinking) | 82.78% | (24.14%) | Compare |
| Median of peers | $5.8B | — | — | +65.65% | — | −19.91% | 56.10% | 0.00% |
Rhythm Pharmaceuticals, Inc. (RYTM) key facts
- Strength: Rhythm Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $189.8 million, up 45.8% from fiscal 2024.
- Rhythm Pharmaceuticals, Inc. (RYTM) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, RYTM traded at $86.17, a market capitalization of $6.1 billion.
- Return on equity was −251.1% and debt-to-equity 0.00.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 15.89 (safe zone) for fiscal 2025.