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Side-by-side financial comparison of Cytek Biosciences, Inc. (CTKB) and RHYTHM PHARMACEUTICALS, INC. (RYTM). Click either name above to swap in a different company.

Cytek Biosciences, Inc. is the larger business by last-quarter revenue ($62.1M vs $57.3M, roughly 1.1× RHYTHM PHARMACEUTICALS, INC.). Cytek Biosciences, Inc. runs the higher net margin — -70.9% vs -83.0%, a 12.0% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 8.1%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs 17.7%).

Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

CTKB vs RYTM — Head-to-Head

Bigger by revenue
CTKB
CTKB
1.1× larger
CTKB
$62.1M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+28.8% gap
RYTM
36.9%
8.1%
CTKB
Higher net margin
CTKB
CTKB
12.0% more per $
CTKB
-70.9%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
17.7%
CTKB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTKB
CTKB
RYTM
RYTM
Revenue
$62.1M
$57.3M
Net Profit
$-44.1M
$-47.5M
Gross Margin
52.9%
91.6%
Operating Margin
-9.0%
-82.2%
Net Margin
-70.9%
-83.0%
Revenue YoY
8.1%
36.9%
Net Profit YoY
-557.1%
-9.6%
EPS (diluted)
$-0.73

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
CTKB
CTKB
RYTM
RYTM
Q4 25
$62.1M
$57.3M
Q3 25
$52.3M
$51.3M
Q2 25
$45.6M
$48.5M
Q1 25
$41.5M
$32.7M
Q4 24
$57.5M
$41.8M
Q3 24
$51.5M
$33.3M
Q2 24
$46.6M
$29.1M
Q1 24
$44.9M
$26.0M
Net Profit
CTKB
CTKB
RYTM
RYTM
Q4 25
$-44.1M
$-47.5M
Q3 25
$-5.5M
$-52.9M
Q2 25
$-5.6M
$-46.6M
Q1 25
$-11.4M
$-49.5M
Q4 24
$9.6M
$-43.3M
Q3 24
$941.0K
$-43.6M
Q2 24
$-10.4M
$-32.3M
Q1 24
$-6.2M
$-141.4M
Gross Margin
CTKB
CTKB
RYTM
RYTM
Q4 25
52.9%
91.6%
Q3 25
52.7%
89.3%
Q2 25
52.3%
88.6%
Q1 25
48.6%
88.8%
Q4 24
58.5%
90.9%
Q3 24
56.3%
88.5%
Q2 24
54.6%
89.9%
Q1 24
51.3%
89.2%
Operating Margin
CTKB
CTKB
RYTM
RYTM
Q4 25
-9.0%
-82.2%
Q3 25
-17.6%
-102.6%
Q2 25
-23.3%
-93.4%
Q1 25
-36.1%
-143.7%
Q4 24
5.2%
-98.6%
Q3 24
-8.2%
-132.0%
Q2 24
-18.3%
-139.2%
Q1 24
-23.9%
-538.7%
Net Margin
CTKB
CTKB
RYTM
RYTM
Q4 25
-70.9%
-83.0%
Q3 25
-10.5%
-103.1%
Q2 25
-12.2%
-96.1%
Q1 25
-27.5%
-151.4%
Q4 24
16.8%
-103.6%
Q3 24
1.8%
-131.2%
Q2 24
-22.4%
-110.9%
Q1 24
-13.8%
-544.4%
EPS (diluted)
CTKB
CTKB
RYTM
RYTM
Q4 25
$-0.73
Q3 25
$-0.82
Q2 25
$-0.75
Q1 25
$-0.81
Q4 24
$-0.71
Q3 24
$-0.73
Q2 24
$-0.55
Q1 24
$-2.35

Balance Sheet & Financial Strength

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

Metric
CTKB
CTKB
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$90.9M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$341.7M
$139.1M
Total Assets
$461.5M
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTKB
CTKB
RYTM
RYTM
Q4 25
$90.9M
$388.9M
Q3 25
$93.3M
$416.1M
Q2 25
$75.5M
$291.0M
Q1 25
$95.3M
$314.5M
Q4 24
$98.7M
$320.6M
Q3 24
$162.3M
$298.4M
Q2 24
$177.9M
$319.1M
Q1 24
$168.8M
$201.2M
Stockholders' Equity
CTKB
CTKB
RYTM
RYTM
Q4 25
$341.7M
$139.1M
Q3 25
$378.6M
$148.8M
Q2 25
$377.6M
$-11.9M
Q1 25
$379.6M
$18.9M
Q4 24
$395.7M
$21.7M
Q3 24
$385.5M
$11.2M
Q2 24
$389.1M
$39.3M
Q1 24
$392.6M
$61.6M
Total Assets
CTKB
CTKB
RYTM
RYTM
Q4 25
$461.5M
$480.2M
Q3 25
$494.9M
$506.9M
Q2 25
$493.3M
$372.7M
Q1 25
$482.6M
$386.7M
Q4 24
$499.5M
$392.3M
Q3 24
$491.2M
$363.6M
Q2 24
$483.7M
$381.8M
Q1 24
$492.1M
$258.7M

Cash Flow & Capital Efficiency

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

Metric
CTKB
CTKB
RYTM
RYTM
Operating Cash FlowLast quarter
$-771.0K
$-25.4M
Free Cash FlowOCF − Capex
$-1.8M
FCF MarginFCF / Revenue
-2.9%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTKB
CTKB
RYTM
RYTM
Q4 25
$-771.0K
$-25.4M
Q3 25
$-3.9M
$-26.6M
Q2 25
$108.0K
$-23.3M
Q1 25
$-125.0K
$-40.4M
Q4 24
$2.0M
$-18.8M
Q3 24
$13.2M
$-25.2M
Q2 24
$6.2M
$-29.1M
Q1 24
$4.0M
$-40.7M
Free Cash Flow
CTKB
CTKB
RYTM
RYTM
Q4 25
$-1.8M
Q3 25
$-4.6M
Q2 25
$-1.5M
Q1 25
$-974.0K
Q4 24
$1.1M
Q3 24
$12.2M
Q2 24
$5.2M
Q1 24
$3.4M
FCF Margin
CTKB
CTKB
RYTM
RYTM
Q4 25
-2.9%
Q3 25
-8.7%
Q2 25
-3.2%
Q1 25
-2.3%
Q4 24
1.9%
Q3 24
23.7%
Q2 24
11.0%
Q1 24
7.6%
Capex Intensity
CTKB
CTKB
RYTM
RYTM
Q4 25
1.6%
Q3 25
1.3%
Q2 25
3.5%
Q1 25
2.0%
Q4 24
1.6%
Q3 24
2.0%
Q2 24
2.3%
Q1 24
1.3%
Cash Conversion
CTKB
CTKB
RYTM
RYTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.21×
Q3 24
14.05×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTKB
CTKB

Products$46.6M75%
Services$15.5M25%

RYTM
RYTM

Segment breakdown not available.

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