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

Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $57.3M, roughly 1.5× RHYTHM PHARMACEUTICALS, INC.). Smart Sand, Inc. runs the higher net margin — 1.4% vs -83.0%, a 84.3% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs -5.8%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs 1.8%).

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.

Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.

RYTM vs SND — Head-to-Head

Bigger by revenue
SND
SND
1.5× larger
SND
$86.0M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+42.7% gap
RYTM
36.9%
-5.8%
SND
Higher net margin
SND
SND
84.3% more per $
SND
1.4%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
1.8%
SND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYTM
RYTM
SND
SND
Revenue
$57.3M
$86.0M
Net Profit
$-47.5M
$1.2M
Gross Margin
91.6%
13.0%
Operating Margin
-82.2%
-3.1%
Net Margin
-83.0%
1.4%
Revenue YoY
36.9%
-5.8%
Net Profit YoY
-9.6%
-68.5%
EPS (diluted)
$-0.73
$0.03

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
SND
SND
Q4 25
$57.3M
$86.0M
Q3 25
$51.3M
$92.8M
Q2 25
$48.5M
$85.8M
Q1 25
$32.7M
$65.6M
Q4 24
$41.8M
$91.4M
Q3 24
$33.3M
$63.2M
Q2 24
$29.1M
$73.8M
Q1 24
$26.0M
$83.1M
Net Profit
RYTM
RYTM
SND
SND
Q4 25
$-47.5M
$1.2M
Q3 25
$-52.9M
$3.0M
Q2 25
$-46.6M
$21.4M
Q1 25
$-49.5M
$-24.2M
Q4 24
$-43.3M
$3.7M
Q3 24
$-43.6M
$-98.0K
Q2 24
$-32.3M
$-430.0K
Q1 24
$-141.4M
$-216.0K
Gross Margin
RYTM
RYTM
SND
SND
Q4 25
91.6%
13.0%
Q3 25
89.3%
16.1%
Q2 25
88.6%
10.4%
Q1 25
88.8%
4.2%
Q4 24
90.9%
14.7%
Q3 24
88.5%
10.3%
Q2 24
89.9%
17.7%
Q1 24
89.2%
14.2%
Operating Margin
RYTM
RYTM
SND
SND
Q4 25
-82.2%
-3.1%
Q3 25
-102.6%
5.8%
Q2 25
-93.4%
-0.1%
Q1 25
-143.7%
-10.8%
Q4 24
-98.6%
3.9%
Q3 24
-132.0%
-7.8%
Q2 24
-139.2%
4.8%
Q1 24
-538.7%
0.9%
Net Margin
RYTM
RYTM
SND
SND
Q4 25
-83.0%
1.4%
Q3 25
-103.1%
3.2%
Q2 25
-96.1%
24.9%
Q1 25
-151.4%
-37.0%
Q4 24
-103.6%
4.1%
Q3 24
-131.2%
-0.2%
Q2 24
-110.9%
-0.6%
Q1 24
-544.4%
-0.3%
EPS (diluted)
RYTM
RYTM
SND
SND
Q4 25
$-0.73
$0.03
Q3 25
$-0.82
$0.08
Q2 25
$-0.75
$0.54
Q1 25
$-0.81
$-0.62
Q4 24
$-0.71
$0.10
Q3 24
$-0.73
$0.00
Q2 24
$-0.55
$-0.01
Q1 24
$-2.35
$-0.01

Balance Sheet & Financial Strength

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

Metric
RYTM
RYTM
SND
SND
Cash + ST InvestmentsLiquidity on hand
$388.9M
$22.6M
Total DebtLower is stronger
$15.0M
Stockholders' EquityBook value
$139.1M
$239.7M
Total Assets
$480.2M
$340.0M
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYTM
RYTM
SND
SND
Q4 25
$388.9M
$22.6M
Q3 25
$416.1M
$5.1M
Q2 25
$291.0M
$4.3M
Q1 25
$314.5M
$5.1M
Q4 24
$320.6M
$1.6M
Q3 24
$298.4M
$7.2M
Q2 24
$319.1M
$6.3M
Q1 24
$201.2M
$4.6M
Total Debt
RYTM
RYTM
SND
SND
Q4 25
$15.0M
Q3 25
$14.3M
Q2 25
$23.5M
Q1 25
$13.7M
Q4 24
$14.7M
Q3 24
$15.7M
Q2 24
$17.1M
Q1 24
$25.5M
Stockholders' Equity
RYTM
RYTM
SND
SND
Q4 25
$139.1M
$239.7M
Q3 25
$148.8M
$239.9M
Q2 25
$-11.9M
$240.5M
Q1 25
$18.9M
$219.9M
Q4 24
$21.7M
$243.8M
Q3 24
$11.2M
$243.6M
Q2 24
$39.3M
$242.9M
Q1 24
$61.6M
$242.5M
Total Assets
RYTM
RYTM
SND
SND
Q4 25
$480.2M
$340.0M
Q3 25
$506.9M
$343.1M
Q2 25
$372.7M
$345.8M
Q1 25
$386.7M
$326.9M
Q4 24
$392.3M
$341.5M
Q3 24
$363.6M
$335.8M
Q2 24
$381.8M
$341.8M
Q1 24
$258.7M
$349.3M
Debt / Equity
RYTM
RYTM
SND
SND
Q4 25
0.06×
Q3 25
0.06×
Q2 25
0.10×
Q1 25
0.06×
Q4 24
0.06×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.11×

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
SND
SND
Operating Cash FlowLast quarter
$-25.4M
$22.4M
Free Cash FlowOCF − Capex
$20.4M
FCF MarginFCF / Revenue
23.7%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
18.99×
TTM Free Cash FlowTrailing 4 quarters
$32.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYTM
RYTM
SND
SND
Q4 25
$-25.4M
$22.4M
Q3 25
$-26.6M
$18.2M
Q2 25
$-23.3M
$-5.1M
Q1 25
$-40.4M
$8.7M
Q4 24
$-18.8M
$1.0M
Q3 24
$-25.2M
$5.8M
Q2 24
$-29.1M
$14.9M
Q1 24
$-40.7M
$-3.9M
Free Cash Flow
RYTM
RYTM
SND
SND
Q4 25
$20.4M
Q3 25
$14.8M
Q2 25
$-7.8M
Q1 25
$5.2M
Q4 24
$-840.0K
Q3 24
$3.7M
Q2 24
$13.5M
Q1 24
$-5.5M
FCF Margin
RYTM
RYTM
SND
SND
Q4 25
23.7%
Q3 25
15.9%
Q2 25
-9.1%
Q1 25
7.9%
Q4 24
-0.9%
Q3 24
5.8%
Q2 24
18.3%
Q1 24
-6.6%
Capex Intensity
RYTM
RYTM
SND
SND
Q4 25
2.3%
Q3 25
3.6%
Q2 25
3.1%
Q1 25
5.4%
Q4 24
2.1%
Q3 24
3.4%
Q2 24
1.8%
Q1 24
2.0%
Cash Conversion
RYTM
RYTM
SND
SND
Q4 25
18.99×
Q3 25
6.05×
Q2 25
-0.24×
Q1 25
Q4 24
0.28×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

RYTM
RYTM

Segment breakdown not available.

SND
SND

Sand$85.1M99%
Smart Systems Segment$980.0K1%

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