Algorhythm (NASDAQ:RIME) Releases Earnings Results, Beats Expectations By $0.21 EPS

Posted by Brian Himes on May 15th, 2026

Algorhythm (NASDAQ:RIME – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $0.21, FiscalAI reports. The firm had revenue of $2.40 million during the quarter, compared to the consensus estimate of $2.00 million.

Here are the key takeaways from Algorhythm’s conference call:

Revenue surged 71% sequentially to $2.4 million in Q1 2026, and management said SemiCab’s annualized revenue run rate rose above $12 million, with a target of $15 million to $20 million by year-end.
The company said it is seeing strong customer traction in India, delivering 5,716 loads across 14 customers and expanding its dedicated truck fleet by 30% during the quarter.
Algorhythm highlighted new and expanded customer relationships, including Coca-Cola India, MTR Foods, Marico, Bajaj Electricals, and an expanded agreement with Apollo Tyres.
The balance sheet strengthened materially, with cash rising to $10.9 million and stockholders’ equity returning to a positive $3.2 million, which management said exceeds Nasdaq’s continued listing requirement.
Management acknowledged missing a $1.5 million note payment, but said it was a deliberate capital-allocation choice rather than a liquidity issue and that it is negotiating a revised schedule under a 45-day forbearance.

Algorhythm Stock Up 3.8%

RIME stock traded up $0.03 during trading on Thursday, hitting $0.72. 1,255,796 shares of the company’s stock traded hands, compared to its average volume of 711,093. The firm has a market capitalization of $10.55 million, a P/E ratio of -0.13 and a beta of -0.21. The business has a fifty day simple moving average of $1.15 and a two-hundred day simple moving average of $1.39. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 2.50. Algorhythm has a 1 year low of $0.54 and a 1 year high of $4.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Algorhythm to a “sell” rating in a report on Saturday, February 14th. Zacks Research upgraded Algorhythm to a “hold” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Algorhythm has an average rating of “Hold” and a consensus target price of $5.00.

Check Out Our Latest Research Report on RIME

About Algorhythm

(Get Free Report)

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.