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Rhythm Pharmaceuticals, Inc. (RYTM) 10-Year Financial Performance & Capital Metrics

RYTM • • Industrial / General
HealthcareBiotechnologyMetabolic & Liver DiseasesObesity & Metabolic Disorders
AboutRhythm Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of rare genetic diseases of obesity. The company's lead product candidate is IMCIVREE, a potent melanocortin-4 receptor for the treatment of pro-opiomelanocortin (POMC), proprotein convertase subtilisin/kexin type 1, leptin receptor (LEPR) deficiency obesity, and Bardet-Biedl and Alström syndrome. It is also developing setmelanotide, which is in Phase II clinical trials for treating POMC or LEPR heterozygous deficiency obesities, steroid receptor coactivator 1 deficiency obesity, SH2B1 deficiency obesity, MC4 receptor deficiency obesity, Smith-Magenis syndrome obesity, POMC epigenetic disorders, and other MC4R disorders. Rhythm Pharmaceuticals, Inc. has a collaborative research agreement with the Clinical Registry Investigating Bardet-Biedl Syndrome. The company was formerly known as Rhythm Metabolic, Inc. and changed its name to Rhythm Pharmaceuticals, Inc. in October 2015. Rhythm Pharmaceuticals, Inc. was founded in 2008 and is headquartered in Boston, Massachusetts.Show more
  • Revenue $130M +68.1%
  • EBITDA -$264M -44.5%
  • Net Income -$261M -41.1%
  • EPS (Diluted) -4.34 -35.6%
  • Gross Margin 89.73% +2.0%
  • EBITDA Margin -202.83% +14.0%
  • Operating Margin -204.04% +14.3%
  • Net Margin -200.27% +16.0%
  • ROE -155.91% -83.2%
  • ROIC -209.29% -88.8%
  • Debt/Equity 0.02 +222.4%
  • Interest Coverage -12.89 +2.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Expensive at 39.3x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y245.54%
TTM54.92%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM25.72%

EPS CAGR

10Y-
5Y-
3Y-
TTM27.74%

ROCE

10Y Avg-68.24%
5Y Avg-69.45%
3Y Avg-70.74%
Latest-95.8%

Peer Comparison

Obesity & Metabolic Disorders
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Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0000003.15M23.64M77.43M130.13M
Revenue Growth %-------6.49%2.28%0.68%
Cost of Goods Sold+0144K223K442K834K690K599K2.13M9.3M13.37M
COGS % of Revenue------0.19%0.09%0.12%0.1%
Gross Profit+0-144K-223K-442K-834K-690K2.56M21.5M68.13M116.76M
Gross Margin %------0.81%0.91%0.88%0.9%
Gross Profit Growth %---0.55%-0.98%-0.89%0.17%4.7%7.42%2.17%0.71%
Operating Expenses+10.57M25.91M32.41M78.42M145.17M135.88M172.61M200.66M252.48M382.26M
OpEx % of Revenue------54.73%8.49%3.26%2.94%
Selling, General & Admin3.42M6.31M9.52M28.08M36.55M46.13M68.49M92.03M117.53M144.3M
SG&A % of Revenue------21.71%3.89%1.52%1.11%
Research & Development7.15M19.59M22.89M50.34M109.45M90.45M104.13M108.63M134.95M237.96M
R&D % of Revenue------33.01%4.6%1.74%1.83%
Other Operating Expenses0000-834K-690K0000
Operating Income+-10.57M-25.91M-32.41M-78.42M-146M-136.57M-170.06M-179.16M-184.36M-265.5M
Operating Margin %-------53.92%-7.58%-2.38%-2.04%
Operating Income Growth %-0.63%-1.45%-0.25%-1.42%-0.86%0.06%-0.25%-0.05%-0.03%-0.44%
EBITDA+-10.07M-25.76M-32.19M-77.97M-145.17M-135.88M-168.9M-177.49M-182.6M-263.94M
EBITDA Margin %-------53.55%-7.51%-2.36%-2.03%
EBITDA Growth %--1.56%-0.25%-1.42%-0.86%0.06%-0.24%-0.05%-0.03%-0.45%
D&A (Non-Cash Add-back)500K144K223K442K834K690K1.16M1.67M1.76M1.56M
EBIT-11.07M-25.91M-32.41M-78.42M-146M-136.57M-69.61M-175.92M-170.22M-239.65M
Net Interest Income+00005.27M2.58M447K-1.17M53K-5.89M
Interest Income033K566K4.35M5.27M2.58M447K4.03M13.95M14.71M
Interest Expense00000005.2M13.89M20.6M
Other Income/Expense-500K33K-1.3M4.35M5.27M2.58M100.45M-1.96M243K5.25M
Pretax Income+-11.07M-25.87M-33.71M-74.06M-140.73M-134M-69.61M-181.12M-184.11M-260.26M
Pretax Margin %-------22.07%-7.66%-2.38%-2%
Income Tax+00000000564K346K
Effective Tax Rate %1%1%1%1%0.96%0.98%1%1%1%1%
Net Income+-11.07M-25.87M-33.71M-74.06M-134.62M-130.73M-69.61M-181.12M-184.68M-260.6M
Net Margin %-------22.07%-7.66%-2.39%-2%
Net Income Growth %-0.71%-1.34%-0.3%-1.2%-0.82%0.03%0.47%-1.6%-0.02%-0.41%
Net Income (Continuing)-11.07M-25.87M-33.71M-74.06M-140.73M-134M-69.61M-181.12M-184.68M-260.6M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-1.09-1.55-1.26-2.39-3.70-2.96-1.37-3.51-3.20-4.34
EPS Growth %-0.7%-0.42%0.19%-0.9%-0.55%0.2%0.54%-1.56%0.09%-0.36%
EPS (Basic)-1.09-1.55-1.26-2.39-3.70-2.96-1.37-3.51-3.20-4.34
Diluted Shares Outstanding10.2M16.73M26.73M31M36.42M44.13M49.6M52.12M57.67M60.99M
Basic Shares Outstanding10.2M16.73M26.73M31M36.42M44.13M49.6M52.12M57.67M60.99M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+35.49M11.18M150.67M258.69M302.4M181.67M308.39M354.24M308.27M374.2M
Cash & Short-Term Investments34.87M10.54M148.08M252.06M292.46M172.79M294.86M333.29M275.85M320.56M
Cash Only34.87M6.54M34.24M49.54M62.29M100.85M59.25M127.68M60.08M89.14M
Short-Term Investments04M113.85M202.52M230.16M71.94M235.61M205.61M215.76M231.43M
Accounts Receivable0000001.02M6.22M14.87M18.51M
Days Sales Outstanding------118.6296.1170.0851.93
Inventory000000111K2.92M8.62M18.74M
Days Inventory Outstanding------67.64499.16338.4511.7
Other Current Assets623K216K1.06M1.34M3.51M3.05M3.99M7.42M6.67M8.8M
Total Non-Current Assets+1.78M1.16M1.06M1.52M6.12M5.41M21.14M28.25M24.48M18.07M
Property, Plant & Equipment17K930K840K1.12M5.72M5M4.33M3.38M2.12M4.11M
Fixed Asset Turnover------0.73x7.00x36.49x31.67x
Goodwill0000000000
Intangible Assets0000004.66M7.88M7.03M6.17M
Long-Term Investments0000000000
Other Non-Current Assets1.77M234K225K401K403K403K12.14M16.98M15.33M7.79M
Total Assets+37.27M12.34M151.74M260.21M308.52M187.07M329.52M382.48M332.75M392.27M
Asset Turnover------0.01x0.06x0.23x0.33x
Asset Growth %191.14%-0.67%11.3%0.71%0.19%-0.39%0.76%0.16%-0.13%0.18%
Total Current Liabilities+5.27M4.73M6.72M13.58M24.42M17.99M43.43M39.81M55.2M115.52M
Accounts Payable1.43M1.9M2.43M7.64M10.41M4.9M5.74M4.8M4.88M12.33M
Days Payables Outstanding-4.8K3.97K6.31K4.56K2.59K3.5K820.87191.68336.6
Short-Term Debt0000000000
Deferred Revenue (Current)0000001000K1000K1000K1000K
Other Current Liabilities249K156K101K60K377K180K800K2.42M5.41M43.59M
Current Ratio6.73x2.36x22.42x19.05x12.38x10.10x7.10x8.90x5.58x3.24x
Quick Ratio6.73x2.36x22.42x19.05x12.38x10.10x7.10x8.83x5.43x3.08x
Cash Conversion Cycle-------3.31K-225.6216.8227.03
Total Non-Current Liabilities+0311K228K372K3.09M2.55M1.95M78.41M107.78M112.21M
Long-Term Debt0000000000
Capital Lease Obligations00003.09M2.55M1.95M1.26M490K3.94M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0311K228K372K00077.15M107.29M108.27M
Total Liabilities5.27M5.04M6.95M13.95M27.5M20.55M45.37M118.22M162.99M227.72M
Total Debt+00003.56M3.09M2.55M1.94M1.26M3.94M
Net Debt-34.87M-6.54M-34.24M-49.54M-58.74M-97.77M-56.7M-125.73M-58.82M-85.2M
Debt / Equity----0.01x0.02x0.01x0.01x0.01x0.02x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage--------34.45x-13.27x-12.89x
Total Equity+32M7.3M144.79M246.26M281.02M166.53M284.15M264.26M169.76M164.55M
Equity Growth %90.39%-0.77%18.84%0.7%0.14%-0.41%0.71%-0.07%-0.36%-0.03%
Book Value per Share3.140.445.427.947.723.775.735.072.942.70
Total Shareholders' Equity32M7.3M144.79M246.26M281.02M166.53M284.15M264.26M169.76M164.55M
Common Stock93K10K27K34K44K44K50K56K59K61K
Retained Earnings-50.67M-76.54M-110.25M-184.6M-325.33M-459.33M-528.94M-710.06M-894.74M-1.16B
Treasury Stock0000000000
Accumulated OCI0-144K00049K-1K-92K134K-39K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-6.98M-23.22M-29.46M-62.06M-122.75M-121.98M-146M-173.43M-136.16M-113.88M
Operating CF Margin %-------46.29%-7.34%-1.76%-0.88%
Operating CF Growth %0.07%-2.33%-0.27%-1.11%-0.98%0.01%-0.2%-0.19%0.21%0.16%
Net Income-11.07M-25.87M-33.71M-74.06M-140.73M-134M-69.61M-181.12M-184.68M-260.6M
Depreciation & Amortization0144K223K442K834K690K1.16M1.67M1.76M1.56M
Stock-Based Compensation298K1.17M2.28M6.39M11.88M17.45M20.8M19.83M32.55M39.68M
Deferred Taxes001.86M000-100M000
Other Non-Cash Items1.42M11K-76K4.51M203K-234K-250K5.91M9.4M94.9M
Working Capital Changes2.38M1.33M-39K667K5.07M-5.89M1.9M-19.72M4.81M10.57M
Change in Receivables-60K00000-1.25M-5.2M-8.64M-3.65M
Change in Inventory000000-11K-2.81M-5.71M-10.12M
Change in Payables3.84M467K1.95M6.95M10.51M-6.45M18.31M1.54M14.77M21.92M
Cash from Investing+-17K-5.11M-110.04M-87.15M-27.97M158.53M-62.16M28.03M-5.67M-48.17M
Capital Expenditures-17K-1.06M-133K-722K-3.38M-214K-5.43M-4.28M-47K0
CapEx % of Revenue------1.72%0.18%0%-
Acquisitions----------
Investments----------
Other Investing0-4.05M-109.91M-86.43M-24.59M07M-4M-5.67M-40.5M
Cash from Financing+41.71M0167.2M164.69M163.47M2.01M166.48M213.83M74.37M191.24M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid000000000-3.97M
Share Repurchases----------
Other Financing2.09M0700K1.81M2.12M2.01M4.75M82.72M25.49M12.87M
Net Change in Cash----------
Free Cash Flow+-6.99M-24.28M-29.59M-62.78M-126.14M-122.19M-151.44M-177.71M-136.2M-113.88M
FCF Margin %-------48.01%-7.52%-1.76%-0.88%
FCF Growth %0.07%-2.47%-0.22%-1.12%-1.01%0.03%-0.24%-0.17%0.23%0.16%
FCF per Share-0.69-1.45-1.11-2.02-3.46-2.77-3.05-3.41-2.36-1.87
FCF Conversion (FCF/Net Income)0.63x0.90x0.87x0.84x0.91x0.93x2.10x0.96x0.74x0.44x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-69.99%-131.67%-44.33%-37.88%-51.06%-58.42%-30.89%-66.05%-85.1%-155.91%
Return on Invested Capital (ROIC)---43.68%-38.28%-52.27%-70.39%-86.12%-73.43%-110.85%-209.29%
Gross Margin------81.01%90.98%87.99%89.73%
Net Margin-------2207.1%-766.22%-238.52%-200.27%
Debt / Equity----0.01x0.02x0.01x0.01x0.01x0.02x
Interest Coverage--------34.45x-13.27x-12.89x
FCF Conversion0.63x0.90x0.87x0.84x0.91x0.93x2.10x0.96x0.74x0.44x
Revenue Growth-------649.46%227.56%68.06%

Revenue by Segment

202220232024
Product-77.43M130.13M
Product Growth--68.06%
Product revenue16.88M--
Product revenue Growth---
License revenue6.75M--
License revenue Growth---

Revenue by Geography

202220232024
UNITED STATES-62.42M96.11M
UNITED STATES Growth--53.96%
Non-US--34.02M
Non-US Growth---
Other Countries-8.93M-
Other Countries Growth---
GERMANY-6.08M-
GERMANY Growth---

Frequently Asked Questions

Growth & Financials

Rhythm Pharmaceuticals, Inc. (RYTM) reported $174.3M in revenue for fiscal year 2024.

Rhythm Pharmaceuticals, Inc. (RYTM) grew revenue by 68.1% over the past year. This is strong growth.

Rhythm Pharmaceuticals, Inc. (RYTM) reported a net loss of $192.3M for fiscal year 2024.

Dividend & Returns

Rhythm Pharmaceuticals, Inc. (RYTM) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Rhythm Pharmaceuticals, Inc. (RYTM) has a return on equity (ROE) of -155.9%. Negative ROE indicates the company is unprofitable.

Rhythm Pharmaceuticals, Inc. (RYTM) had negative free cash flow of $109.1M in fiscal year 2024, likely due to heavy capital investments.

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