RYTHM, Inc. announced second quarter 2026 revenue from continuing operations of $23.0 million, a 73% increase from $13.3 million in the prior quarter. Net income reached $1.2 million, while adjusted EBITDA rose to $6.4 million from approximately breakeven in the previous quarter. Cash increased to $41.9 million, driven by cash flow from operations of $8.7 million. The company highlighted record THC beverage depletions of approximately 25,000 cases in June across 18 states, up from about 7,000 in June 2025, and noted that fixed annual cash licensing fees of $70 million from Green Thumb Industries Inc. took effect on April 1, 2026. Due to uncertainty from forthcoming federal law changes affecting hemp-derived THC products scheduled for November 12, 2026, RYTHM is not providing an outlook for the third quarter.
RYTHM, Inc.Revenue up 73%, net income positive, adjusted EBITDA up, cash increased.
Fixed annual cash licensing fees of $70 million from Green Thumb took effect, providing revenue.