RYTHM, Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $23.9 million, up 4% sequentially
- ➤Cash $48.2 million, supported by $6.3 million operating cash flow
- ➤Adjusted EBITDA $5.9 million, down from $6.4 million prior quarter
- ➤Hemp-derived product revenue $6.4 million, up 15% sequentially
- ➤Federal hemp-THC restrictions take effect December 11, 2026; no Q4 outlook provided
Expert Statements
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“Third quarter revenue increased 4% sequentially to $23.9 million, driven by 15% growth in hemp-derived product sales to $6.4 million”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“Our THC beverages continued to build momentum, with depletions up approximately 15% sequentially to an annualized rate of 320,000 cases, while our retail footprint expanded to roughly 8,000 doors across 18 states.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“We also generated $6.3 million in cash from operations, driven by our licensing business, and ended the quarter with a strong cash position of $48.2 million.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“These results demonstrate growing consumer demand, continued commercial execution and the financial flexibility to navigate what’s ahead.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“THC beverages are emerging as a fourth adult beverage category, alongside beer, wine and spirits, earning national shelf space and a presence at major entertainment and cultural venues.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“Leading retailers and wholesalers have been essential partners in that progress, and their support has helped establish the category’s credibility.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“Consumers continue to embrace THC beverages despite the forthcoming changes to federal law.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“We believe their future depends on drawing a clear line between regulated and unregulated products through a responsible regulatory framework that protects consumers and provides a viable path forward.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“Against that backdrop, we continued to innovate and invest behind that opportunity, building sales velocity, brand awareness and in-store execution.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“Our posture is one of conviction with discipline.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“As America’s THC Company, we own some of the most recognized names in U.S. cannabis, and our THC beverages continue to extend our reach into traditional retail.”
Ben Kovler, Chairman and Interim Chief Executive Officer of RYTHM, Inc.
“Our brands are the foundation of RYTHM’s long-term value, and our presence across channels positions us to reach consumers as regulations evolve.”
ROLLING MEADOWS, Ill., Nov. 04, 2026 (GLOBE NEWSWIRE) -- RYTHM, Inc. (Nasdaq: RYM) (“RYTHM” or the “Company”), America’s THC Company, whose portfolio of trusted THC brands includes RYTHM, Señorita, incredibles, Beboe, and Dogwalkers, today announced financial results for the third quarter ended September 30, 2026.
Financial Highlights for the third quarter ended September 30, 2026: * Revenue from continuing operations of $23.9 million, up 4% from $23.0 million in the prior quarter. * Cash increased to $48.2 million, driven by cash flow from operations of $6.3 million. * Net loss of $0.5 million and operating income from continuing operations of $1.0 million. * Adjusted EBITDA of $5.9 million, compared to $6.4 million in the prior quarter. * At quarter end, the Company had approximately 2.2 million shares outstanding, as well as 11.2 million warrants outstanding and 3.0 million shares issuable upon conversion of outstanding convertible notes (excluding shares issuable upon conversion from accrued interest). See definitions and reconciliation of non-GAAP measures elsewhere in this release.
Get started
Create a free account to read the full story.