Algorhythm Holdings (RIME) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 rose to $3.0M from $1.2M in Q2 2025, driven by the SemiCab business and the SMCB acquisition.

• The company reported a net loss from continuing operations of $4.1M in Q2 2026, up from $1.2M in Q2 2025, mainly due to higher administrative expenses and interest costs.

• The sale of the Singing Machine business in August 2025 resulted in a strategic shift, with all results now reflecting only the SemiCab segment.

Financial highlights

• Net sales for the six months ended June 30, 2026 were $5.4M, up from $1.3M year-over-year.

• Gross loss for Q2 2026 was $0.6M, compared to $0.3M in Q2 2025.

• Operating expenses for Q2 2026 were $2.1M, up from $0.9M in Q2 2025, mainly due to increased G&A and stock-based compensation.

• Net loss attributable to common shareholders for Q2 2026 was $3.8M, compared to $0.6M in Q2 2025.

• Cash and restricted cash at June 30, 2026 totaled $8.0M.

Outlook and guidance

• Management expresses substantial doubt about the company’s ability to continue as a going concern for at least one year without additional capital.

• Plans include seeking further external financing through equity or debt, but no arrangements are in place.