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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:RetainedEarningsAccumulatedDeficit.

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 itemMarch 31,2026December 31,2025
Stockholders’ equity:
Preferred stock, $0.001 par value: 9,850,000 shares authorized; no shares issued and outstanding at March 31, 2026 and December 31, 2025
Common stock, $0.001 par value: 120,000,000 shares authorized; 68,445,084 and 67,205,321 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively6967
Additional paid-in capital1,529,9091,491,675
Accumulated other comprehensive income (loss)444(796)
Accumulated deficit(1,407,516)(1,351,877)
Total stockholders’ equity122,906139,069
Total liabilities, convertible preferred stock and stockholders’ equity$442,316$480,196

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Rhythm Pharmaceuticals, Inc.'s retained earnings?
Rhythm Pharmaceuticals, Inc. (RYTM) reported retained earnings of -$1.41B in Q1 2026.
How has Rhythm Pharmaceuticals, Inc.'s retained earnings changed year-over-year?
Rhythm Pharmaceuticals, Inc.'s retained earnings decreased by 16.8% year-over-year, from -$1.2B to -$1.41B.
What is the long-term trend for Rhythm Pharmaceuticals, Inc.'s retained earnings?
Over 5 years (2020 to 2025), Rhythm Pharmaceuticals, Inc.'s retained earnings has grown at a 24.1% compound annual growth rate (CAGR), from -$459.33M to -$1.35B.
What does retained earnings mean?
Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

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