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Side-by-side financial comparison of Coda Octopus Group, Inc. (CODA) and RYTHM, Inc. (RYM). Click either name above to swap in a different company.

RYTHM, Inc. is the larger business by last-quarter revenue ($10.7M vs $7.3M, roughly 1.5× Coda Octopus Group, Inc.). Coda Octopus Group, Inc. runs the higher net margin — 14.1% vs -127.6%, a 141.7% gap on every dollar of revenue. On growth, RYTHM, Inc. posted the faster year-over-year revenue change (242.0% vs 43.8%). Over the past eight quarters, RYTHM, Inc.'s revenue compounded faster (102.6% CAGR vs 27.7%).

CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...

RYTHM, Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing innovative therapies for rare genetic endocrine and metabolic disorders with high unmet medical needs. It primarily operates in the U.S. market, targeting pediatric and adult patient segments that lack standard effective treatment options.

CODA vs RYM — Head-to-Head

Bigger by revenue
RYM
RYM
1.5× larger
RYM
$10.7M
$7.3M
CODA
Growing faster (revenue YoY)
RYM
RYM
+198.1% gap
RYM
242.0%
43.8%
CODA
Higher net margin
CODA
CODA
141.7% more per $
CODA
14.1%
-127.6%
RYM
Faster 2-yr revenue CAGR
RYM
RYM
Annualised
RYM
102.6%
27.7%
CODA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CODA
CODA
RYM
RYM
Revenue
$7.3M
$10.7M
Net Profit
$1.0M
$-13.6M
Gross Margin
67.6%
75.5%
Operating Margin
19.3%
-121.5%
Net Margin
14.1%
-127.6%
Revenue YoY
43.8%
242.0%
Net Profit YoY
214.3%
44.1%
EPS (diluted)
$0.10
$-6.78

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CODA
CODA
RYM
RYM
Q4 25
$7.3M
$10.7M
Q3 25
$7.1M
$4.0M
Q2 25
$7.0M
$2.0M
Q1 25
$5.2M
$538.0K
Q4 24
$5.1M
$-7.5M
Q3 24
$5.5M
$1.9M
Q2 24
$5.3M
$3.0M
Q1 24
$4.5M
$2.6M
Net Profit
CODA
CODA
RYM
RYM
Q4 25
$1.0M
$-13.6M
Q3 25
$1.3M
$-10.7M
Q2 25
$908.8K
$-7.4M
Q1 25
$913.0K
$-1.6M
Q4 24
$326.2K
$-24.4M
Q3 24
$1.3M
$-18.7M
Q2 24
$1.4M
$-3.0M
Q1 24
$629.9K
$4.2M
Gross Margin
CODA
CODA
RYM
RYM
Q4 25
67.6%
75.5%
Q3 25
68.3%
34.0%
Q2 25
64.1%
33.4%
Q1 25
65.8%
16.7%
Q4 24
65.3%
Q3 24
73.9%
11.6%
Q2 24
70.2%
37.6%
Q1 24
69.2%
6.4%
Operating Margin
CODA
CODA
RYM
RYM
Q4 25
19.3%
-121.5%
Q3 25
19.5%
-219.8%
Q2 25
15.5%
-332.9%
Q1 25
12.7%
-687.9%
Q4 24
5.7%
Q3 24
25.4%
-63.1%
Q2 24
25.4%
-28.5%
Q1 24
12.4%
13.6%
Net Margin
CODA
CODA
RYM
RYM
Q4 25
14.1%
-127.6%
Q3 25
18.2%
-263.8%
Q2 25
13.0%
-360.4%
Q1 25
17.5%
-302.2%
Q4 24
6.5%
324.4%
Q3 24
23.3%
-964.4%
Q2 24
26.6%
-99.3%
Q1 24
14.1%
163.0%
EPS (diluted)
CODA
CODA
RYM
RYM
Q4 25
$0.10
$-6.78
Q3 25
$0.11
$-5.33
Q2 25
$0.08
$-3.74
Q1 25
$0.08
$-0.83
Q4 24
$0.02
$-24.26
Q3 24
$0.11
$-17.28
Q2 24
$0.13
$-3.16
Q1 24
$0.06
$3.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CODA
CODA
RYM
RYM
Cash + ST InvestmentsLiquidity on hand
$28.7M
$32.2M
Total DebtLower is stronger
$80.6M
Stockholders' EquityBook value
$58.1M
$13.0M
Total Assets
$64.5M
$106.7M
Debt / EquityLower = less leverage
6.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CODA
CODA
RYM
RYM
Q4 25
$28.7M
$32.2M
Q3 25
$26.2M
Q2 25
$24.5M
$41.0M
Q1 25
$22.5M
$24.4M
Q4 24
$22.5M
Q3 24
$25.2M
$267.0K
Q2 24
$23.7M
$57.0K
Q1 24
$25.0M
$99.0K
Total Debt
CODA
CODA
RYM
RYM
Q4 25
$80.6M
Q3 25
$90.6M
Q2 25
$40.6M
Q1 25
$10.6M
Q4 24
Q3 24
$6.2M
Q2 24
$4.6M
Q1 24
Stockholders' Equity
CODA
CODA
RYM
RYM
Q4 25
$58.1M
$13.0M
Q3 25
$57.3M
$11.7M
Q2 25
$55.9M
$21.0M
Q1 25
$53.1M
$26.8M
Q4 24
$53.1M
$28.1M
Q3 24
$52.8M
$5.5M
Q2 24
$51.1M
$8.5M
Q1 24
$50.1M
$-5.5M
Total Assets
CODA
CODA
RYM
RYM
Q4 25
$64.5M
$106.7M
Q3 25
$61.9M
$115.2M
Q2 25
$60.6M
$69.5M
Q1 25
$56.9M
$45.6M
Q4 24
$57.5M
$54.0M
Q3 24
$55.9M
$39.0M
Q2 24
$54.0M
$39.4M
Q1 24
$53.0M
$40.6M
Debt / Equity
CODA
CODA
RYM
RYM
Q4 25
6.19×
Q3 25
7.73×
Q2 25
1.94×
Q1 25
0.40×
Q4 24
Q3 24
1.13×
Q2 24
0.54×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CODA
CODA
RYM
RYM
Operating Cash FlowLast quarter
$2.9M
$-3.0M
Free Cash FlowOCF − Capex
$2.5M
FCF MarginFCF / Revenue
34.9%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
2.83×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CODA
CODA
RYM
RYM
Q4 25
$2.9M
$-3.0M
Q3 25
$2.2M
$-5.4M
Q2 25
$1.5M
$-8.4M
Q1 25
$641.5K
$-6.7M
Q4 24
$2.0M
$-5.3M
Q3 24
$1.7M
$-1.4M
Q2 24
$-955.8K
$-1.8M
Q1 24
$-298.0K
$-3.0M
Free Cash Flow
CODA
CODA
RYM
RYM
Q4 25
$2.5M
Q3 25
$1.6M
Q2 25
$1.4M
Q1 25
$513.4K
Q4 24
$1.9M
Q3 24
$1.5M
Q2 24
$-1.1M
$-1.8M
Q1 24
$-433.6K
$-3.0M
FCF Margin
CODA
CODA
RYM
RYM
Q4 25
34.9%
Q3 25
22.6%
Q2 25
19.9%
Q1 25
9.9%
Q4 24
38.5%
Q3 24
28.2%
Q2 24
-20.9%
-61.2%
Q1 24
-9.7%
-115.1%
Capex Intensity
CODA
CODA
RYM
RYM
Q4 25
5.0%
Q3 25
8.6%
Q2 25
1.0%
Q1 25
2.5%
Q4 24
0.9%
Q3 24
3.0%
Q2 24
2.9%
0.1%
Q1 24
3.0%
0.1%
Cash Conversion
CODA
CODA
RYM
RYM
Q4 25
2.83×
Q3 25
1.72×
Q2 25
1.61×
Q1 25
0.70×
Q4 24
6.11×
Q3 24
1.34×
Q2 24
-0.68×
Q1 24
-0.47×
-0.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CODA
CODA

Segment Reporting$3.1M42%
Transferred At Point In Time$1.8M24%
Precision Acoustics Limited$1.3M18%
Other$1.1M15%

RYM
RYM

Nonlicensing Revenue$9.5M89%
Cultivation Business Discontinued Operations$1.2M11%

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