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Rhythm Pharmaceuticals (RYTM)
NASDAQ:RYTM
US Market
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Rhythm Pharmaceuticals (RYTM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Aug 04, 2026
TBA (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
-0.81
Last Year’s EPS
-0.75
Same Quarter Last Year
Based on 14 Analysts Ratings

Earnings Call Summary

Q1 2026
Earnings Call Date:May 05, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented a largely positive commercial and regulatory picture: sequential revenue growth (5%), strong international acceleration (27% QoQ outside U.S.), an encouraging early HO launch (150+ start forms, broad prescriber base), EU marketing authorization and a progressing Japan filing, supported by a solid cash runway (~$341M). Offsetting these positives are meaningful increases in operating expenses (notably SG&A up ~62.7% YoY), ongoing GAAP losses (Q1 EPS -$0.83) and near-term variability and uncertainty tied to payer policy timing, inventory effects and the pace of clinical-to-commercial conversions. Overall, the operational momentum and regulatory wins outweigh the financial and execution risks highlighted for the near term.
Company Guidance
Rhythm reiterated full‑year 2026 non‑GAAP operating expense guidance of $385–415 million (comprised of non‑GAAP R&D ~$197–213M and non‑GAAP SG&A ~$188–202M) and said non‑GAAP operating expenses are expected to rise through 2026 due to CMC and clinical supply investments; Q1 results included $60.1M global net revenue (+5% sequential from $57M) with 61% U.S. contribution and non‑U.S. revenue $23.2M (+27% Q/Q from $18.3M), gross‑to‑net (U.S.) 84%, COGS 11.9% of product revenue, R&D $41.7M (vs $37.0M a year ago), SG&A $63.6M (vs $39.1M a year ago; +$6.1M QoQ), total operating expenses ≈$105.3M (including $23.1M stock‑based comp), non‑GAAP op exp Q1 $82.2M, GAAP loss per share $0.83 (weighted avg shares 68M), cash used in operations ~$44.2M, and cash, cash equivalents and short‑term investments ~$341M (expected runway ≥24 months); commercial/timing guidance included an 8% QoQ increase in patients on reimbursed therapy, >150 HO start forms in six weeks (≈110 unique prescribers; ~80% new prescribers; ~40 from trial conversions), expectation that HO‑specific payer policies will take ~3–9 months, G‑BA process ~6–9 months with EU launches planned in 2027, anticipated Japan approval/launch by end‑2026, and a target to begin a Phase III trial of bivamelagon in HO by end‑2026 with clinical data updates (Dr. Miller PWS 6‑month data at Endo in June, 718 midyear, Part C HO on the Q2 call).
Quarterly Revenue Growth
Global net revenues of $60.1M in Q1 2026, representing 5% sequential growth from $57M in Q4 2025. 61% of Q1 revenue was generated in the United States.
International Revenue Acceleration
Revenue outside the U.S. rose from $18.3M to $23.2M in Q1, a 27% sequential increase driven by higher sales volumes in Germany and France and named-patient markets (e.g., Saudi Arabia, Greece).
Growth in Patients on Reimbursed Therapy
Globally, patients on reimbursed therapy increased by 8% quarter-over-quarter, driven primarily by BBS and international early access programs.
Strong Early Launch for Acquired Hypothalamic Obesity (HO)
More than 150 start forms received in the first six weeks post-U.S. approval (approx. 40 from clinical trial conversions). ~110 unique prescribers (≈80% new to IMCIVREE) and ~80% of prescribers are endocrinologists. U.S. salesforce scaled from 16 to 42 reps to address an estimated ~10,000-patient HO opportunity in the U.S. and Europe.
Regulatory and Market Access Milestones
FDA approval for acquired HO (March 19, 2026), European Commission marketing authorization granted quickly following positive CHMP opinion, and PMDA in Japan has accepted the NDA with anticipated approval/launch in Japan by end of 2026 and EU country launches targeted in 2027.
Real-World Evidence and Early Access Programs
Early access programs in France and Italy provided meaningful reimbursed patient experience; French AP1 program produced real-world data from >60 HO patients (including up to 12 months on therapy) to be presented at European Congress of Endocrinology.
Solid Cash Position and Runway
Ended Q1 with approximately $341M in cash, cash equivalents and short-term investments, projected to fund planned operations for at least 24 months.
Pipeline and Milestones on Track
Near-term clinical and program milestones: anticipated sharing of Dr. Miller's 6-month PWS data at Endo (June), RM-718/718 data midyear, Part C HO results targeted for Q2 call, and CMC/bioequivalence work underway aiming for a Phase III start of bivamelagon (RM-718) in HO by end of 2026.

Rhythm Pharmaceuticals (RYTM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

RYTM Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 04, 2026
2026 (Q2)
-0.81 / -
-0.75
May 05, 2026
2026 (Q1)
-0.82 / -0.83
-0.81-2.47% (-0.02)
Feb 26, 2026
2025 (Q4)
-0.81 / -0.73
-0.72-1.39% (-0.01)
Nov 04, 2025
2025 (Q3)
-0.71 / -0.82
-0.73-12.33% (-0.09)
Aug 05, 2025
2025 (Q2)
-0.67 / -0.75
-0.55-36.36% (-0.20)
May 07, 2025
2025 (Q1)
-0.69 / -0.81
-2.3565.53% (+1.54)
Feb 26, 2025
2024 (Q4)
-0.69 / -0.72
-0.7-2.86% (-0.02)
Nov 05, 2024
2024 (Q3)
-0.81 / -0.73
-0.763.95% (+0.03)
Aug 06, 2024
2024 (Q2)
-0.71 / -0.55
-0.8232.93% (+0.27)
May 07, 2024
2024 (Q1)
-2.36 / -2.35
-0.92-155.43% (-1.43)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

RYTM Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 05, 2026
$85.58$92.31+7.86%
Feb 26, 2026
$99.15$98.07-1.09%
Nov 04, 2025
$113.74$104.99-7.69%
Aug 05, 2025
$90.24$88.57-1.85%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Rhythm Pharmaceuticals (RYTM) report earnings?
Rhythm Pharmaceuticals (RYTM) is schdueled to report earning on Aug 04, 2026, TBA (Confirmed).
    What is Rhythm Pharmaceuticals (RYTM) earnings time?
    Rhythm Pharmaceuticals (RYTM) earnings time is at Aug 04, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is RYTM EPS forecast?
          RYTM EPS forecast for the fiscal quarter 2026 (Q2) is -0.81.