RYTHM reports Q2 2026 revenue $23.0M, adjusted EBITDA $6.4M and net income $1.2M

RYTHM reported second-quarter 2026 results with revenue from continuing operations of $23.0 million and net income of $1.2 million for the quarter ended June 30, 2026. The company posted adjusted EBITDA of $6.4 million and cash of $41.9 million driven by $8.7 million of operating cash flow in the quarter. Management cited strong THC beverage momentum and the first full quarter of amended licensing with Green Thumb Industries as contributors to the sequential improvement.

Financial Highlights

• Revenue from continuing operations: $23.0 million for the three months ended June 30, 2026.
• Gross profit: $18.536 million for the three months ended June 30, 2026.
• Operating income from continuing operations: $1.936 million for the three months ended June 30, 2026.
• Net income: $1.184 million for the three months ended June 30, 2026.
• Adjusted EBITDA (non-GAAP): $6.357 million for the three months ended June 30, 2026.

Business Highlights

• Fixed annual cash licensing fees of $70 million from Green Thumb Industries took effect April 1, 2026, reflecting an amended licensing arrangement.
• THC beverage distribution expanded: depletions reached approximately 25,000 24-can case equivalents in June across 18 states, up from ~7,000 in June 2025.
• Hemp-derived product revenue increased 67% sequentially, driven by growth in THC beverage distribution and direct-to-consumer channels.
• Brand partnerships expanded in live entertainment venues: Señorita named official THC beverage partner of Lollapalooza and Opry Entertainment Group venues; RYTHM named official THC beverage partner of Chicago’s Navy Pier.
• At quarter end, share and convertible instrument overview: ~2.2 million shares outstanding, 11.0 million warrants outstanding, and 3.0 million shares issuable upon conversion of outstanding convertible notes (excluding accrued interest conversion).

Original SEC Filing: RYTHM, Inc. [ RYM ] - 8-K - Aug. 04, 2026