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Other financials

Income statement

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Revenue$60.1M+83.8%
Gross profit$53.0M+82.3%
Operating income-$52.4M-11.4%
Net income-$55.6M-12.4%
EPS (diluted)-$0.83-2.5%

Balance sheet

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Cash & equivalents$62.1M-41.4%
Total debt$112.3M-1.1%
Total equity$122.9M+549%
Total assets$442.3M+14.4%

Cash flow

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Operating cash flow-$44.2M-9.5%
CapEx$238.3K
Free cash flow-$29.2M-2.4%

Valuation

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Market cap$7.62B+27.5%
Enterprise value$7.67B+28.8%
P/S35.1×-3.2×

Profitability

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Gross margin89.4%-0.2pp
Operating margin-90.9%-19.8pp
Net margin-93.3%-18.2pp
FCF margin-61.5%-14.1pp

Returns & leverage

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Return on equity-285.8%-68.9pp
Debt / equity0.9×-5.1×
Current ratio4.2×+0.9×

Where this comes from

Reported directly by Rhythm Pharmaceuticals, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Rhythm Pharmaceuticals, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030549
Line itemThree months ended March 31, 20262025
Total revenues60,11232,704
Costs and expenses:
Cost of sales7,1573,648
Research and development41,72536,973
Selling, general, and administrative63,59139,087
Total costs and expenses112,47379,708
Loss from operations(52,361)(47,004)
Other income (expense):

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Rhythm Pharmaceuticals, Inc.'s R&D?
Rhythm Pharmaceuticals, Inc. (RYTM) reported R&D of $41.73M in Q1 2026.
How has Rhythm Pharmaceuticals, Inc.'s R&D changed year-over-year?
Rhythm Pharmaceuticals, Inc.'s R&D increased by 12.9% year-over-year, from $36.97M to $41.73M.
What is the long-term trend for Rhythm Pharmaceuticals, Inc.'s R&D?
Over 4 years (2021 to 2025), Rhythm Pharmaceuticals, Inc.'s R&D has grown at a 12.6% compound annual growth rate (CAGR), from $104.13M to $167.34M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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