Rhythm Pharmaceuticals, Inc. logo

Rhythm Pharmaceuticals, Inc.

RYTM

NASDAQHealthcareBiotechnology

Previous close

$110

+$1.08 · +0.99%

Aug 21, 4:00 PM ET

RYTM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

54

Fair Value

Momentum

58

Neutral

Sentiment

67

Bullish

Risk resilience

55

Elevated Risk

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Company profile

Company website

Rhythm Pharmaceuticals, Inc. is a biopharmaceutical company with commercial products, dedicated to the discovery, development, and market launch of therapies addressing rare genetic conditions that cause obesity. Its leading pharmaceutical, IMCIVREE, functions as a powerful agonist of the melanocortin-4 receptor (MC4R). This medication is indicated for treating obesity stemming from deficiencies in pro-opiomelanocortin (POMC), proprotein convertase subtilisin/kexin type 1 (PCSK1), or the leptin receptor (LEPR), alongside its use in patients with Bardet-Biedl and Alström syndromes. Furthermore, the company is progressing setmelanotide (the active compound in IMCIVREE) through Phase II clinical trials. These studies are evaluating its potential for a broader spectrum of applications, including obesity caused by heterozygous POMC or LEPR deficiencies, steroid receptor coactivator 1 (SRC1) deficiency, SH2B1 deficiency, MC4 receptor deficiency, and obesity associated with Smith-Magenis syndrome, POMC epigenetic disorders, and other MC4R-related conditions. Rhythm Pharmaceuticals holds a collaborative research agreement with the Clinical Registry Investigating Bardet-Biedl Syndrome. The firm, headquartered in Boston, Massachusetts, was established in 2008 and changed its name from Rhythm Metabolic, Inc. to Rhythm Pharmaceuticals, Inc. in October 2015.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
David Meeker
Listed since
Oct 9, 2017
Employees
414

Market position

Day range

Current $110

52-week range

Current $110

Open
$109.38
Previous close
$108.92
Volume
523.14K
0.69× average
Average volume
761.94K
Average daily volume
Market cap
7.55B USD
Beta
1.97
Market reference 1
50-day average
$107.33
+2.49% above average
200-day average
$99.1621
+10.93% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-35.37×
P/B (TTM)
34.72×
P/S (TTM)
31.45×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
89.00%
Operating margin
-83.62%
Net margin
-85.59%

Financial health

Debt / equity
0.02×
Altman Z-score
15.9
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends639%-1554%-3747%-5940%Gross margin, FY2021: 81.01%Gross margin, FY2022: 90.98%Gross margin, FY2023: 87.99%Gross margin, FY2024: 89.73%Gross margin, FY2025: 89.73%Operating margin, FY2021: -5391.85%Operating margin, FY2022: -757.92%Operating margin, FY2023: -238.10%Operating margin, FY2024: -204.04%Operating margin, FY2025: -101.19%Net margin, FY2021: -2207.10%Net margin, FY2022: -766.22%Net margin, FY2023: -238.52%Net margin, FY2024: -200.27%Net margin, FY2025: -103.57%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 81.01%. Gross margin FY2022 90.98%. Gross margin FY2023 87.99%. Gross margin FY2024 89.73%. Gross margin FY2025 89.73%. Operating margin FY2021 -5391.85%. Operating margin FY2022 -757.92%. Operating margin FY2023 -238.10%. Operating margin FY2024 -204.04%. Operating margin FY2025 -101.19%. Net margin FY2021 -2207.10%. Net margin FY2022 -766.22%. Net margin FY2023 -238.52%. Net margin FY2024 -200.27%. Net margin FY2025 -103.57%.

Income trends

Revenue

189.76M USD+45.83%

Operating income

−192.02M USD+27.68%

Net income

−196.54M USD+24.58%
Income trends across reported periods235.28M USD53.18M USD−128.93M USD−311.03M USDRevenue, FY2021: 3.15M USDRevenue, FY2022: 23.64M USDRevenue, FY2023: 77.43M USDRevenue, FY2024: 130.13M USDRevenue, FY2025: 189.76M USDOperating income, FY2021: −170.06M USDOperating income, FY2022: −179.16M USDOperating income, FY2023: −184.36M USDOperating income, FY2024: −265.5M USDOperating income, FY2025: −192.02M USDNet income, FY2021: −69.61M USDNet income, FY2022: −181.12M USDNet income, FY2023: −184.68M USDNet income, FY2024: −260.6M USDNet income, FY2025: −196.54M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.15M USD. Revenue FY2022 23.64M USD. Revenue FY2023 77.43M USD. Revenue FY2024 130.13M USD. Revenue FY2025 189.76M USD. Operating income FY2021 −170.06M USD. Operating income FY2022 −179.16M USD. Operating income FY2023 −184.36M USD. Operating income FY2024 −265.5M USD. Operating income FY2025 −192.02M USD. Net income FY2021 −69.61M USD. Net income FY2022 −181.12M USD. Net income FY2023 −184.68M USD. Net income FY2024 −260.6M USD. Net income FY2025 −196.54M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue189.76M USD130.13M USD77.43M USD23.64M USD3.15M USD
Cost of goods sold19.49M USD13.37M USD9.3M USD2.13M USD599K USD
Gross profit170.27M USD116.76M USD68.13M USD21.51M USD2.56M USD
Research and development167.34M USD237.96M USD134.95M USD108.63M USD104.13M USD
Selling, general, and administrative194.94M USD144.3M USD117.53M USD92.03M USD68.49M USD
Operating expenses362.28M USD382.26M USD252.48M USD200.66M USD172.61M USD
Interest income15.29M USD14.71M USD13.95M USD4.03M USD447K USD
Interest expense20.58M USD20.6M USD13.89M USD5.2M USD
Depreciation and amortization1.34M USD1.56M USD1.76M USD1.67M USD1.16M USD
Operating income−192.02M USD−265.5M USD−184.36M USD−179.16M USD−170.06M USD
Net income−196.54M USD−260.6M USD−184.68M USD−181.12M USD−69.61M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$144.43

31.30% upside
Past 12 months12-month forecastHigh $160Average $144.43Low $125

Rating distribution

22 ratings
Strong buy00%
Buy22100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
JP MorganmaintainOverweight

RYTM news

RYTM peers

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