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RIME

Algorhythm Holdings, Inc.

RIME

Algorhythm Holdings, Inc. • NASDAQ
$1.43 ▲ 2.14% (+0.03)
Market Cap $3.78 M
52w High $68.00
52w Low $1.25
Dividend Yield 0%
P/E -0.01
Volume 31.68K
Outstanding Shares 2.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.744M ▼ $1.214M ▼ $-2.982M ▼ -170.986% ▼ $-1.15 ▼ $-1.565M ▼
Q2-2025 $2.716M ▲ $1.736M ▼ $224K ▲ 8.247% ▲ $-0.24 ▲ $-782K ▲
Q1-2025 $1.993M ▼ $3.31M ▼ $-9.191M ▲ -461.164% ▼ $-4.66 ▼ $-9.187M ▲
Q4-2024 $8.006M ▼ $8.32M ▲ $-15.965M ▼ -199.413% ▼ $-1.755 ▼ $-15.234M ▼
Q3-2024 $10.622M $1.118M $1.195M 11.25% $0.13 $1.529M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.134M ▼ $12.695M ▲ $9.885M ▲ $4.173M ▼
Q1-2025 $3.296M ▼ $10.461M ▼ $7.12M ▼ $4.48M ▲
Q4-2024 $7.55M ▲ $18.302M ▼ $28.823M ▲ $-9.485M ▼
Q3-2024 $621K ▼ $19.612M ▲ $16.873M ▲ $2.887M ▲
Q2-2024 $1.245M $12.367M $13.239M $-872K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $6.751M ▲ $-2.328M ▲ $72K ▲ $94K ▲ $-2.162M ▲ $-2.35M ▲
Q1-2025 $-9.294M ▲ $-3.108M ▼ $-673K ▲ $-473K ▼ $-4.254M ▼ $-3.108M ▼
Q4-2024 $-16.854M ▼ $-1.487M ▲ $-2.192M ▼ $10.608M ▲ $6.929M ▲ $-1.487M ▲
Q3-2024 $973K ▲ $-1.659M ▲ $-47K ▼ $1.082M ▲ $-624K ▲ $-1.723M ▲
Q2-2024 $-6.119M $-2.853M $-6K $-21K $-2.88M $-2.859M

Five-Year Company Overview

Income Statement

Income Statement RIME looks more like an early-stage tech platform than a traditional, mature electronics company. Revenue has been very small and fairly flat over the last few years, and the business has recently slipped back into operating losses after a short breakeven period. Margins are thin, and bottom-line results have moved from slightly profitable a few years ago to clearly loss-making more recently. This suggests the company is still in investment and build-out mode, with the core logistics/AI platform not yet scaled enough to cover its operating cost base.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a modest level of total assets, some cash, and no financial debt. The main concern is that shareholder equity has turned negative most recently, which signals that accumulated losses now exceed the company’s recorded assets. Combined with multiple reverse stock splits over its history, this points to a fragile capital structure and a business that has had to reset itself several times. The absence of debt reduces financial strain, but the thin asset base and negative equity highlight limited cushion if performance disappoints.

Cash Flow

Cash Flow Cash flow mirrors the income statement: the company is using, rather than generating, cash from operations. The recent period shows a clear cash burn, whereas earlier years were closer to breakeven. There is virtually no spending on long-lived assets, so nearly all cash movement is tied to running and growing the business, not to heavy physical investment. This pattern is typical of software-led platforms but also means the company likely depends on external funding, partnerships, or improved revenue scale to sustain operations over time.

Competitive Edge

Competitive Edge Strategically, RIME’s SemiCab platform is targeting a real pain point in logistics: wasted truck miles and poor load matching. Its pitch is that AI-driven optimization, real-time data integration, and a collaborative network of shippers and carriers can deliver better asset utilization and lower transport costs. The emerging moat is mainly about network effects and integration depth—once many shippers and carriers are connected and embedded, switching becomes harder. Early validation from large customers and industry awards helps, but the company still operates from a small base in a highly competitive market that includes freight tech platforms, brokers, and software providers with far more scale. The key competitive risk is whether RIME can grow its network and brand fast enough before larger players replicate similar capabilities or lock in relationships.

Innovation and R&D

Innovation and R&D Innovation is the clear bright spot. The company is built around AI and machine learning for route and load optimization, and its “Orchestrated Collaboration” concept leans heavily on using data and algorithms to coordinate many parties at once. The new Apex SaaS offering is strategically important: it shifts the model toward scalable software that third parties can embed in their own networks, potentially turning SemiCab’s engine into infrastructure for others. Proof points like international deployments and major contract expansions suggest the technology works in practice, not just in theory. The main uncertainty is not the existence of innovative tech, but how quickly and profitably it can be commercialized and refreshed to stay ahead of competitors’ AI tools.

Summary

Overall, RIME is a small, high-risk, high-uncertainty story built around an ambitious logistics AI platform. Financially, it is still at a very early, fragile stage: low revenue, renewed losses, negative equity, and reliance on ongoing external support or future growth to improve its position. Strategically, it operates in an attractive problem space—logistics inefficiency—with a differentiated, AI-centric approach, growing customer interest, and a potentially strong network-effect moat if adoption scales. The company’s long-term outcome will likely hinge on three things: its ability to rapidly grow the user network, convert innovation into durable, recurring software revenue, and stabilize its balance sheet and cash flows. Until those pieces are clearer, the profile remains that of a promising but financially constrained innovator rather than a proven, stable operator.

NEWS

November 24, 2025 · 9:30 AM UTC

SemiCab Secures Multi-Million Dollar Contract Expansion from Marico

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November 19, 2025 · 12:55 PM UTC

Algorhythm Holdings Q3 Revenues Surge 1273%, From About Zero to $1.7 Million

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November 17, 2025 · 8:00 AM UTC

Algorhythm Holdings to Announce its Financial Results for the Third Quarter 2025

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November 13, 2025 · 8:15 AM UTC

SemiCab Launches New AI Logistics SaaS Platform to Transform the $450 Billion U.S. Full-Truckload Market

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October 13, 2025 · 7:30 AM UTC

SemiCab Appoints New VP of US Sales for its AI Logistics Software

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