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Rhythm Pharmaceuticals, Inc. RYTM Product revenue, net — Total revenues

Other product segments

License revenue
$0+100%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenues:
Product revenue, net$60,112$37,718
License revenue(5,014)
Total revenues60,11232,704
Costs and expenses:
Cost of sales7,1573,648
Research and development41,72536,973
Selling, general, and administrative63,59139,087

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Rhythm Pharmaceuticals, Inc.'s product revenue, net — total revenues?
Rhythm Pharmaceuticals, Inc. (RYTM) reported product revenue, net — total revenues of $60.11M in Q1 2026.
How has Rhythm Pharmaceuticals, Inc.'s product revenue, net — total revenues changed year-over-year?
Rhythm Pharmaceuticals, Inc.'s product revenue, net — total revenues increased by 59.4% year-over-year, from $37.72M to $60.11M.
What is the long-term trend for Rhythm Pharmaceuticals, Inc.'s product revenue, net — total revenues?
Over 3 years (2022 to 2025), Rhythm Pharmaceuticals, Inc.'s product revenue, net — total revenues has grown at a 126.0% compound annual growth rate (CAGR), from $16.88M to $194.77M.
What does product revenue, net — total revenues mean?
This metric represents the total net sales generated from the commercialization of the company's proprietary therapeutic products after accounting for returns, rebates, and discounts. It serves as a primary indicator of market adoption and the successful transition from clinical development to commercial-stage revenue generation for rare disease treatments. Monitoring this figure helps investors assess the scalability and commercial trajectory of the company's core pharmaceutical portfolio.

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