RIME
Algorhythm Holdings, Inc.
Next earnings Aug 17, 2026 · consensus $-0.37 EPS, $3.06M rev
$0.58
▲ +0.95%$0.58▼ -76.19%
over 1Y
L $0.58H $3.48
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.0%
1W+0.4%
1M-20.1%
3M-53.7%
YTD-43.9%
1Y-76.2%
Avoid
Conviction
Horizon
Long (>12mo)
Street · 7 analysts
Buy
Post-divestiture shell burning $7M+ cash on an unproven AI-logistics micro-cap with negative equity and 512% dilution — uninvestable.
Revenue [FY2025] $4.39M · FY2025
RIME is no longer the business its multi-year history describes. On August 1, 2025 the company sold Singing Machine, its actual revenue-generating karaoke operation, leaving only SemiCab — a self-described 'nascent' AI-logistics platform acquired in pieces (US component July 2024, India component May 2025). The revenue line tells the whole story: $45.8M (2021) and $47.5M (2022) collapsed to $297K in 2024 and 'recovered' to just $4.39M in FY2025. The headline +1,378% YoY growth is an artifact of a near-zero base, not traction; management's own MD&A attributes the increase simply to 'the addition of net sales generated by our SemiCab business.' This is a $8.55M micro-cap whose entire thesis rests on a business that has yet to prove it can sell anything at scale.
The quality of that revenue is worse than the amount. Gross profit is NEGATIVE $1.31M (gross margin -29.9%) — SemiCab loses money before any operating expense, meaning growth actively destroys value at current unit economics. Operating margin is -181%, net margin -361%, and the company posted a -$15.9M net loss and -$7.31M in operating cash outflow. Against that burn sits the last reported cash figure of just $2.89M (and that is stale FY2023 data), current liabilities of $14.4M versus current assets of $7.94M (negative working capital of ~$6.5M), and NEGATIVE stockholders' equity of -$1.86M against a -$65M accumulated deficit. The company is technically balance-sheet insolvent and structurally reliant on external capital to keep operating.
Is RIME a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~90d expiry
- Long put 0.5 @ ~0.07 est
- Short put 0.5 @ ~0.07 est
debit $0max +$0max $0
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $45.8M | $47.5M | $39.3M | $297K | $4.39M |
| Gross profit | $12.3M | $10.8M | $9.21M | -$194K | -$1.31M |
| Operating income | $1.43M | $69.2K | -$3.70M | -$8.44M | -$7.95M |
| Net income | $2.17M | $230K | -$4.64M | -$23.3M | -$15.9M |
| Diluted EPS | $1.67 | $0.14 | -$1.65 | -$353.87 | -$6.41 |
| Net margin | 4.7% | 0.5% | -11.8% | -7830.6% | -361.4% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.10M
EV / EBITDA—
EV / Sales1.4
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-176.4%
FCF yield-81.4%
Quality & risk
ROIC (est.)—
Free cash flow-$7.32M
Total debt$1.08K
Net cash$2.89M
Altman Z-Score-9.12 distress
Piotroski F-Score5/9
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+511.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Material agreement2026-07-02
New financing deal with unregistered share sale + charter change; dilutive to holders
- 8-K Material agreement2026-06-22
Entered a material agreement (likely financing/partnership); terms filed as exhibit
- 8-K Delisting notice2026-06-18
Nasdaq listing-deficiency notice — continued-listing standard not met
- S-1/A Securities registration2026-05-27
Amended resale/offering registration; keeps dilution overhang alive
- 8-K Other event2026-05-21
Other-events disclosure (Item 8.01); no financial obligation triggered
- 10-Q Quarterly report2026-05-14
Q1 as pure SemiCab post-karaoke sale; still deeply loss-making, negative equity
- 8-K Material agreement2026-05-11
Entered another material agreement with exhibits filed
- S-1/A Securities registration2026-05-08
Further amended S-1 ahead of SEC effectiveness; share-registration overhang
- 8-K Obligation accelerated2026-05-07
Triggering event accelerated/increased a direct financial obligation (default risk)
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-292026-07-02open ↗8-KPeriod ending 2026-06-162026-06-22open ↗8-KPeriod ending 2026-06-162026-06-18open ↗424B4Filing2026-06-04open ↗EFFECTFiling2026-06-03open ↗S-1/AFiling2026-05-27open ↗8-KPeriod ending 2026-05-212026-05-21open ↗10-QPeriod ending 2026-03-312026-05-14open ↗4Period ending 2026-05-112026-05-13open ↗SCHEDULE 13G/AFiling2026-05-12open ↗8-KPeriod ending 2026-05-092026-05-11open ↗S-1/AFiling2026-05-08open ↗
Frequently asked
- Is Algorhythm Holdings, Inc. (RIME) a buy?
- RIME currently carries a Avoid rating with 5/5 conviction, derived from its latest SEC filings. Post-divestiture shell burning $7M+ cash on an unproven AI-logistics micro-cap with negative equity and 512% dilution — uninvestable.
- What is Algorhythm Holdings, Inc.'s quality score?
- RIME scores 44.69077266060742/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000923601, latest 10-Q filed 2026-05-14) · EODHD · Proprietary analysis · as of 7/4/2026, 9:32:10 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 5:32 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.