Rhythm Pharmaceuticals, Inc.

Rhythm Pharmaceuticals, Inc.

RYTM·NASDAQ

$84.71

+0.097%
HealthcareBiotechnology

Rhythm Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of rare genetic diseases of obesity. The company's lead product candidate is IMCIVREE, a potent melanocortin-4 receptor for the treatment of pro-opiomelanocortin (POMC), proprotein convertase subtilisin/kexin type 1, leptin receptor (LEPR) deficiency obesity, and Bardet-Biedl and Alström syndrome. It is also developing setmelanotide, which is in Phase II clinical trials for treating POMC or LEPR heterozygous deficiency obesities, steroid receptor coactivator 1 deficiency obesity, SH2B1 deficiency obesity, MC4 receptor deficiency obesity, Smith-Magenis syndrome obesity, POMC epigenetic disorders, and other MC4R disorders. Rhythm Pharmaceuticals, Inc. has a collaborative research agreement with the Clinical Registry Investigating Bardet-Biedl Syndrome. The company was formerly known as Rhythm Metabolic, Inc. and changed its name to Rhythm Pharmaceuticals, Inc. in October 2015. Rhythm Pharmaceuticals, Inc. was founded in 2008 and is headquartered in Boston, Massachusetts.

At a Glance

Live Snapshot
Market Cap$5.81B
EPS-3.1100
P/E Ratio-27.24
Earnings Date08/04/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -27.2).

Valuation inputs: P/E -27.2, earnings yield N/A, momentum +0.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -1.4%, ROIC -50.1%).

Profitability stack: net margin -1.0%, ROE -1.4%, ROIC -50.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +71.1%, momentum +0.1%, net margin -1.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Rhythm Pharmaceuticals, Inc. Market vs Earnings Trajectory

RYTM · NASDAQ

Loading price and EPS data...

Rhythm Pharmaceuticals, Inc.

Rhythm Pharmaceuticals, Inc. Fair Value Envelope

RYTM · NASDAQ

Our analysis suggests that RYTM has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $84.71, this represents a potential HIDDEN relative to our calculated worth for Rhythm Pharmaceuticals, Inc..

Intrinsic Value
Current Price: $84.71
3Y-11.0%
5Y+5.0%
10Y+101.0%
3Y+703.0%
5Y-
10Y-
3Y+9.0%
5Y+50.0%
10Y+660.0%
3Y-33.0%
5Y-5.0%
10Y+398.0%
3Y-34.0%
5Y-5.0%
10Y+380.0%
3Y+26.0%
5Y+157.0%
10Y+3800.0%
Rhythm Pharmaceuticals, Inc.

Rhythm Pharmaceuticals, Inc. Profit Bridge

RYTM · NASDAQ
Revenue189.76M
Cost of Goods Sold (19.49M)
Gross Profit170.26M
Operating Expenses (362.28M)
Operating Income-192.02M
Interest Expense (20.58M)
Other Income/Expense-4.03M
Pretax Income-196.04M
Income Tax (497.00K)
Net Income-196.54M
Net Income
-196.54M

Profitability Analysis

Gross Margin

89.7%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-101.2%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-103.6%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

89.73%
Gross Profit Margin
3Y-1.0%
5Y-
10Y-
-101.19%
Operating Profit Margin
-50%
3Y-87.0%
5Y-
10Y-
-103.57%
Net Profit Margin
-48%
3Y-86.0%
5Y-
10Y-
-141.32%
Return on Equity
-11%
3Y+106.0%
5Y+80.0%
10Y-60.0%
-40.84%
Return on Assets
-39%
3Y-14.0%
5Y-42.0%
10Y-81.0%
-50.11%
Return on Invested Capital
-48%
3Y-4.0%
5Y-38.0%
10Y-85.0%
RYTM

Rhythm Pharmaceuticals, Inc. Cash Conversion Engine

RYTM · NASDAQ
Net Income-196.54M
Depreciation & Amortization1.34M
Stock-Based Compensation66.82M
Change in Working Capital-968.00K
Others13.68M
Capital Expenditures-953.00K
Free Cash Flow-116.63M

Cash Flow Quality Analysis

FCF Conversion Rate

59.3%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

-0.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-2.4%

Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$968.00K

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

rytm

Rhythm Pharmaceuticals, Inc. Funding & Solvency Profile

RYTM · NASDAQ
Cash & Cash Equivalents62.14M
Net Receivables34.19M
Inventory28.65M
Other Current Assets26.62M
Total Current Assets430 M
Property, Plant & Equipment4.00M
Goodwill & Intangible Assets5.11M
Long-Term Investments0.00
Other Non-Current Assets3.12M
Total Non-Current Assets7 M
Total Assets
442.32M

Financial Health Analysis

Current Ratio

4.17x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.86x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

327 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

97% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Rhythm Pharmaceuticals, Inc. Street Expectations Map

RYTM · NASDAQ

Wall Street analysts project that RYTM stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 140.20, with estimates ranging from a low of 125.00 to a high of 157.00.

Lowest Target
125.00
47.56%
Consensus Target
140.20
65.51%
Highest Target
157.00
85.34%

The consensus 1-year price target stands at 140.20, with estimates ranging from a low of 125.00 to a high of 157.00.

Analyst Consensus Analysis

Upside Potential

+65.5%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

22.8% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Rhythm Pharmaceuticals, Inc. Insider Positioning

RYTM · NASDAQ

During the last 12 months, insiders have sold $15.10M worth of RYTM shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

4.6K

428.13K

Net Activity

-428K

-$428K

3-6 Months

Bought

0

0.00

Sold

13.6K

1.35M

Net Activity

-1.3M

-$1.35M

6-9 Months

Bought

0

0.00

Sold

42.2K

4.45M

Net Activity

-4.4M

-$4.45M

9-12 Months

Bought

0

0.00

Sold

97.9K

8.88M

Net Activity

-8.9M

-$8.88M

Top Buyers

No buying activity

Top Sellers

1
SHC

Smith Hunter C

Officer: Chief Financial Officer

56.1K shares6 transactions

$5.15M

2
SJ

Shulman Joseph

Officer: Chief Technical Officer

44.9K shares7 transactions

$4.70M

3
CPJ

Cramer Pamela J.

Officer: Chief Human Resources Officer

41.6K shares7 transactions

$3.88M

4
GCP

German Christopher Paul

Officer: Corporate Controller & Cao

15.7K shares5 transactions

$1.37M

5
GA

Garfield Alastair

Officer: Chief Scientific Officer

6 shares1 transactions

$387

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $15.10M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$428K

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.02%
Dividend Yield
18600%
3Y-
5Y-
10Y-
 

rytm Dividend History

RYTM
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%