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

Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $57.3M, roughly 1.7× RHYTHM PHARMACEUTICALS, INC.). Safehold Inc. runs the higher net margin — 28.5% vs -83.0%, a 111.5% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 6.5%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs 2.5%).

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.

SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.

RYTM vs SAFE — Head-to-Head

Bigger by revenue
SAFE
SAFE
1.7× larger
SAFE
$97.9M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+30.3% gap
RYTM
36.9%
6.5%
SAFE
Higher net margin
SAFE
SAFE
111.5% more per $
SAFE
28.5%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
2.5%
SAFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYTM
RYTM
SAFE
SAFE
Revenue
$57.3M
$97.9M
Net Profit
$-47.5M
$27.9M
Gross Margin
91.6%
98.6%
Operating Margin
-82.2%
27.4%
Net Margin
-83.0%
28.5%
Revenue YoY
36.9%
6.5%
Net Profit YoY
-9.6%
7.1%
EPS (diluted)
$-0.73
$0.38

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
RYTM
RYTM
SAFE
SAFE
Q4 25
$57.3M
$97.9M
Q3 25
$51.3M
$96.2M
Q2 25
$48.5M
$93.8M
Q1 25
$32.7M
$97.7M
Q4 24
$41.8M
$91.9M
Q3 24
$33.3M
$90.7M
Q2 24
$29.1M
$89.9M
Q1 24
$26.0M
$93.2M
Net Profit
RYTM
RYTM
SAFE
SAFE
Q4 25
$-47.5M
$27.9M
Q3 25
$-52.9M
$29.3M
Q2 25
$-46.6M
$27.9M
Q1 25
$-49.5M
$29.4M
Q4 24
$-43.3M
$26.0M
Q3 24
$-43.6M
$19.3M
Q2 24
$-32.3M
$29.7M
Q1 24
$-141.4M
$30.7M
Gross Margin
RYTM
RYTM
SAFE
SAFE
Q4 25
91.6%
98.6%
Q3 25
89.3%
98.5%
Q2 25
88.6%
99.1%
Q1 25
88.8%
98.8%
Q4 24
90.9%
98.8%
Q3 24
88.5%
98.8%
Q2 24
89.9%
98.8%
Q1 24
89.2%
98.8%
Operating Margin
RYTM
RYTM
SAFE
SAFE
Q4 25
-82.2%
27.4%
Q3 25
-102.6%
25.9%
Q2 25
-93.4%
25.5%
Q1 25
-143.7%
25.9%
Q4 24
-98.6%
24.6%
Q3 24
-132.0%
17.5%
Q2 24
-139.2%
26.7%
Q1 24
-538.7%
26.4%
Net Margin
RYTM
RYTM
SAFE
SAFE
Q4 25
-83.0%
28.5%
Q3 25
-103.1%
30.5%
Q2 25
-96.1%
29.8%
Q1 25
-151.4%
30.1%
Q4 24
-103.6%
28.3%
Q3 24
-131.2%
21.3%
Q2 24
-110.9%
33.0%
Q1 24
-544.4%
33.0%
EPS (diluted)
RYTM
RYTM
SAFE
SAFE
Q4 25
$-0.73
$0.38
Q3 25
$-0.82
$0.41
Q2 25
$-0.75
$0.39
Q1 25
$-0.81
$0.41
Q4 24
$-0.71
$0.36
Q3 24
$-0.73
$0.27
Q2 24
$-0.55
$0.42
Q1 24
$-2.35
$0.43

Balance Sheet & Financial Strength

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

Metric
RYTM
RYTM
SAFE
SAFE
Cash + ST InvestmentsLiquidity on hand
$388.9M
$21.7M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$139.1M
$2.4B
Total Assets
$480.2M
$7.2B
Debt / EquityLower = less leverage
1.90×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYTM
RYTM
SAFE
SAFE
Q4 25
$388.9M
$21.7M
Q3 25
$416.1M
$12.1M
Q2 25
$291.0M
$13.9M
Q1 25
$314.5M
$17.3M
Q4 24
$320.6M
$8.3M
Q3 24
$298.4M
$15.6M
Q2 24
$319.1M
$13.4M
Q1 24
$201.2M
$11.3M
Total Debt
RYTM
RYTM
SAFE
SAFE
Q4 25
$4.6B
Q3 25
$4.5B
Q2 25
$4.4B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.2B
Q1 24
$4.1B
Stockholders' Equity
RYTM
RYTM
SAFE
SAFE
Q4 25
$139.1M
$2.4B
Q3 25
$148.8M
$2.4B
Q2 25
$-11.9M
$2.4B
Q1 25
$18.9M
$2.4B
Q4 24
$21.7M
$2.3B
Q3 24
$11.2M
$2.3B
Q2 24
$39.3M
$2.3B
Q1 24
$61.6M
$2.3B
Total Assets
RYTM
RYTM
SAFE
SAFE
Q4 25
$480.2M
$7.2B
Q3 25
$506.9M
$7.1B
Q2 25
$372.7M
$7.1B
Q1 25
$386.7M
$6.9B
Q4 24
$392.3M
$6.9B
Q3 24
$363.6M
$6.8B
Q2 24
$381.8M
$6.8B
Q1 24
$258.7M
$6.7B
Debt / Equity
RYTM
RYTM
SAFE
SAFE
Q4 25
1.90×
Q3 25
1.89×
Q2 25
1.87×
Q1 25
1.85×
Q4 24
1.84×
Q3 24
1.88×
Q2 24
1.81×
Q1 24
1.81×

Cash Flow & Capital Efficiency

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

Metric
RYTM
RYTM
SAFE
SAFE
Operating Cash FlowLast quarter
$-25.4M
$47.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYTM
RYTM
SAFE
SAFE
Q4 25
$-25.4M
$47.8M
Q3 25
$-26.6M
$-1.4M
Q2 25
$-23.3M
$28.0M
Q1 25
$-40.4M
$8.9M
Q4 24
$-18.8M
$37.9M
Q3 24
$-25.2M
$8.3M
Q2 24
$-29.1M
$24.8M
Q1 24
$-40.7M
$-3.1M
Cash Conversion
RYTM
RYTM
SAFE
SAFE
Q4 25
1.72×
Q3 25
-0.05×
Q2 25
1.00×
Q1 25
0.30×
Q4 24
1.45×
Q3 24
0.43×
Q2 24
0.83×
Q1 24
-0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RYTM
RYTM

Segment breakdown not available.

SAFE
SAFE

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$60.3M62%
Other$33.7M34%
Stabilized Properties$3.8M4%

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