The company's financial position has deteriorated significantly, with total debt ballooning to $80.6M by 2026Q1, resulting in a concerning debt-to-equity ratio of 2.20.
| Total Current Assets | 46.26M | 32.22M | 34.69M | 24.01M | 44.89M | 86.74M | 18.64M | 3.05M | 2.2M |
| Cash & Short-Term Investments | 33.26M | 32.22M | 31.17M | 434K | 10.92M | 56.56M | 8.11M | 206K | 85K |
| Cash Only | 33.26M | 32.22M | 31.17M | 434K | 10.46M | 12.01M | 8.11M | 206K | 85K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 460K | 44.55M | 0 | 0 | 0 |
| Accounts Receivable | 8.36M | 9.32M | 585K | 1.2M | 1.49M | 8.12M | 4.18M | 176K | 0 |
| Days Sales Outstanding | 67.18 | 196.77 | 22.06 | 28.97 | 9.36 | 49.48 | 126.29 | 15.71 | - |
| Inventory | 3.06M | 4.04M | 1.58M | 4.98M | 5.89M | 18.26M | 5.17M | 2.48M | 2.11M |
| Days Inventory Outstanding | 67.64 | 111.44 | 63.93 | 163.27 | 23.87 | 122.02 | 163.85 | 208.99 | 498.07 |
| Other Current Assets | 1.58M | -15.33M | 0 | 15.85M | 10.46M | 353K | 981K | 0 | 0 |
| Total Non-Current Assets | 81.26M | 59.11M | 19.33M | 21.68M | 24.79M | 95.31M | 3.2M | 174K | 0 |
| Property, Plant & Equipment | 0 | 0 | 690K | 1.11M | 12.25M | 7.71M | 873K | 38K | 0 |
| Fixed Asset Turnover | - | - | 14.03x | 13.58x | 4.75x | 7.76x | 13.85x | 107.58x | - |
| Goodwill | 9.71M | 9.71M | 9.71M | 0 | 0 | 50.09M | 632K | 0 | 0 |
| Intangible Assets | 0 | 49.4M | 8.9M | 0 | 0 | 14.07M | 1.69M | 136K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 45.96M | 0 | 25K | 20.15M | 12.54M | 23.44M | 0 | 0 | 0 |
| Total Assets | 127.52M | 106.68M | 54.02M | 45.69M | 69.69M | 182.05M | 21.84M | 3.23M | 2.2M |
| Asset Turnover | 0.29x | 0.16x | 0.18x | 0.33x | 0.84x | 0.33x | 0.55x | 1.27x | 0.81x |
| Asset Growth % | 549% | 97.47% | 18.24% | -34.44% | -61.72% | 733.59% | 576.76% | 46.95% | - |
| Total Current Liabilities | 90.36M | 42.96M | 24.68M | 41.25M | 70.6M | 43.59M | 27.03M | 4.03M | 3.82M |
| Accounts Payable | 1.97M | 2.34M | 2.07M | 4.39M | 20.54M | 9.15M | 693K | 870K | 1.7M |
| Days Payables Outstanding | 37.38 | 64.47 | 83.97 | 143.98 | 83.26 | 61.15 | 21.96 | 73.29 | 401.81 |
| Short-Term Debt | 80.62M | 30.62M | 10.52M | 5.42M | 28.83M | 1.09M | 12.49M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 2.52M | 3.01M | 4.11M | 3.77M | 152K | 2.81M | 2.12M |
| Other Current Liabilities | 3.11M | 3.53M | 2.96M | 28.07M | 2.41M | 3.54M | 13.32M | 22K | 0 |
| Current Ratio | 0.51x | 0.75x | 1.41x | 0.58x | 0.64x | 1.99x | 0.69x | 0.76x | 0.57x |
| Quick Ratio | 0.48x | 0.66x | 1.34x | 0.46x | 0.55x | 1.57x | 0.50x | 0.14x | 0.02x |
| Cash Conversion Cycle | 97.43 | 243.74 | 2.02 | 48.27 | -50.03 | 110.35 | 268.17 | 151.42 | - |
| Total Non-Current Liabilities | 592K | 50.7M | 1.25M | 19.15M | 8.13M | 1.03M | 1.26M | 0 | 133K |
| Long-Term Debt | 0 | 50M | 1K | 16.05M | 407K | 12K | 829K | 0 | 133K |
| Capital Lease Obligations | 0 | 0 | 257K | 331K | 1.59M | 704K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 4K | 0 | 419K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 592K | 697K | 996K | 2.35M | 6.13M | 318K | 435K | 0 | 0 |
| Total Liabilities | 90.95M | 93.66M | 25.93M | 60.4M | 78.73M | 44.62M | 28.29M | 4.03M | 3.95M |
| Total Debt | 80.62M | 80.62M | 11.04M | 21.8M | 31.71M | 2.77M | 13.47M | 0 | 133K |
| Net Debt | 47.36M | 48.4M | -20.13M | 21.36M | 21.26M | -9.24M | 5.36M | -206K | 48K |
| Debt / Equity | 2.20x | 6.19x | 0.39x | - | - | 0.02x | - | - | - |
| Debt / EBITDA | -5.40x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -3.17x | - | - | - | - | - | - | - | - |
| Interest Coverage | -6.51x | -9.85x | -109.76x | -5.26x | -14.02x | - | -26.23x | - | - |
| Total Equity | 36.58M | 13.02M | 28.09M | -14.71M | -9.04M | 137.42M | -6.45M | -805K | -1.76M |
| Equity Growth % | 244.32% | -53.65% | 290.95% | -62.7% | -106.58% | 2229.28% | -701.74% | 54.21% | - |
| Book Value per Share | 697.03 | 6.53 | 27.53 | -148.00 | -650.24 | 18565.79 | -954.03 | -118.99 | -259.87 |
| Total Shareholders' Equity | 36.58M | 13.02M | 27.86M | -14.94M | -9.27M | 137.06M | -6.68M | -805K | -1.76M |
| Common Stock | 2K | 2K | 2K | 0 | 1K | 21K | 4K | 4K | 2K |
| Retained Earnings | -320.88M | -340.8M | -307.54M | -265.8M | -247.15M | -58.98M | -26.51M | -4.89M | -1.85M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 230K | 230K | 231K | 365K | 225K | 0 | 0 |
Regulatory Farm Bill Volatility
As reported in recent financial filings, RYM's total liabilities have surged to $90.9M by 2026Q1, significantly outpacing the growth in total assets and signaling a weakening financial position as the company attempts to fund its transition into the hemp-derived beverage market through increased leverage.
The rapid expansion of the liability base relative to equity suggests that the company is increasingly reliant on external financing to sustain its operations. Investors should monitor whether this trajectory of rising debt levels can be stabilized before the company exhausts its remaining capital buffers.
Based on the provided balance sheet data, RYM's total debt has ballooned from $10.6M in 2025Q1 to $80.6M by 2026Q1, reflecting a aggressive reliance on debt financing that has pushed the debt-to-equity ratio to 2.20, indicating heightened refinancing risk for the firm.
This sharp increase in debt appears to be a necessity-driven move to support the Señorita brand launch rather than a strategic capital allocation. The resulting leverage profile may limit the company's flexibility in a high-interest-rate environment, potentially threatening the durability of its cash flows.
According to the 2026Q1 balance sheet, RYM maintains a current ratio of 0.51, which represents a significant decline from the 2.64 ratio observed in 2025Q2, suggesting that the company's ability to meet short-term obligations is increasingly strained by its current cash burn rate.
A current ratio below 1.0 indicates that current liabilities exceed current assets, which may necessitate further dilutive capital raises or asset liquidations. The rapid depletion of liquidity suggests that the company's operational runway is narrowing, warranting close scrutiny of its near-term cash management.
As indicated by historical balance sheet figures, retained earnings have plummeted to -$320.9M by 2026Q1, reflecting a long-term trend of value destruction that has consistently eroded the company's equity base and left shareholders with limited protection against further operational setbacks.
The persistent negative retained earnings highlight the difficulty the company has faced in achieving profitability across its various strategic iterations. This erosion of equity suggests that the current business model has yet to demonstrate a path toward sustainable value creation for shareholders.
Based on the reported figures, the complete absence of net PPE in 2026Q1, contrasted with $9.7M in goodwill, suggests that the company's asset base is largely intangible and potentially susceptible to future impairment charges if the Señorita brand fails to gain expected market traction.
The reliance on goodwill rather than tangible productive assets implies that the balance sheet is highly sensitive to management's subjective valuation of its brand and intellectual property. Investors should be wary that these intangible assets may not provide a meaningful recovery value in a distress scenario.
Quick answers to the most common questions about buying RYM stock.
As of 2025, RYTHM, Inc. (RYM) had total assets of $106.7M including $32.2M in current assets.
RYTHM, Inc. (RYM) carries total debt of $80.6M, offset by $32.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
RYTHM, Inc. (RYM) has total shareholders' equity (book value) of $13.0M ($6.53 book value per share). Book value represents the net worth of the company belonging to common stock holders.
RYTHM, Inc. (RYM) reported a current ratio of 0.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.