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

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $46.8M, roughly 1.2× TELOS CORP). TELOS CORP runs the higher net margin — -34.9% vs -83.0%, a 48.1% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 36.9%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs 25.7%).

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.

Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.

RYTM vs TLS — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.2× larger
RYTM
$57.3M
$46.8M
TLS
Growing faster (revenue YoY)
TLS
TLS
+40.5% gap
TLS
77.4%
36.9%
RYTM
Higher net margin
TLS
TLS
48.1% more per $
TLS
-34.9%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
25.7%
TLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYTM
RYTM
TLS
TLS
Revenue
$57.3M
$46.8M
Net Profit
$-47.5M
$-16.3M
Gross Margin
91.6%
35.0%
Operating Margin
-82.2%
-39.6%
Net Margin
-83.0%
-34.9%
Revenue YoY
36.9%
77.4%
Net Profit YoY
-9.6%
-74.8%
EPS (diluted)
$-0.73
$-0.22

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
TLS
TLS
Q4 25
$57.3M
$46.8M
Q3 25
$51.3M
$51.4M
Q2 25
$48.5M
$36.0M
Q1 25
$32.7M
$30.6M
Q4 24
$41.8M
$26.4M
Q3 24
$33.3M
$23.8M
Q2 24
$29.1M
$28.5M
Q1 24
$26.0M
$29.6M
Net Profit
RYTM
RYTM
TLS
TLS
Q4 25
$-47.5M
$-16.3M
Q3 25
$-52.9M
$-2.1M
Q2 25
$-46.6M
$-9.5M
Q1 25
$-49.5M
$-8.6M
Q4 24
$-43.3M
$-9.3M
Q3 24
$-43.6M
$-28.1M
Q2 24
$-32.3M
$-7.8M
Q1 24
$-141.4M
$-7.4M
Gross Margin
RYTM
RYTM
TLS
TLS
Q4 25
91.6%
35.0%
Q3 25
89.3%
39.9%
Q2 25
88.6%
33.2%
Q1 25
88.8%
39.8%
Q4 24
90.9%
40.3%
Q3 24
88.5%
13.2%
Q2 24
89.9%
34.1%
Q1 24
89.2%
37.0%
Operating Margin
RYTM
RYTM
TLS
TLS
Q4 25
-82.2%
-39.6%
Q3 25
-102.6%
-4.8%
Q2 25
-93.4%
-27.5%
Q1 25
-143.7%
-29.5%
Q4 24
-98.6%
-37.6%
Q3 24
-132.0%
-121.4%
Q2 24
-139.2%
-30.3%
Q1 24
-538.7%
-28.5%
Net Margin
RYTM
RYTM
TLS
TLS
Q4 25
-83.0%
-34.9%
Q3 25
-103.1%
-4.1%
Q2 25
-96.1%
-26.5%
Q1 25
-151.4%
-28.1%
Q4 24
-103.6%
-35.4%
Q3 24
-131.2%
-118.0%
Q2 24
-110.9%
-27.2%
Q1 24
-544.4%
-24.9%
EPS (diluted)
RYTM
RYTM
TLS
TLS
Q4 25
$-0.73
$-0.22
Q3 25
$-0.82
$-0.03
Q2 25
$-0.75
$-0.13
Q1 25
$-0.81
$-0.12
Q4 24
$-0.71
$-0.13
Q3 24
$-0.73
$-0.39
Q2 24
$-0.55
$-0.11
Q1 24
$-2.35
$-0.10

Balance Sheet & Financial Strength

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

Metric
RYTM
RYTM
TLS
TLS
Cash + ST InvestmentsLiquidity on hand
$388.9M
$53.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.1M
$96.0M
Total Assets
$480.2M
$139.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYTM
RYTM
TLS
TLS
Q4 25
$388.9M
$53.2M
Q3 25
$416.1M
$59.0M
Q2 25
$291.0M
$57.0M
Q1 25
$314.5M
$57.8M
Q4 24
$320.6M
$54.6M
Q3 24
$298.4M
$69.8M
Q2 24
$319.1M
$80.1M
Q1 24
$201.2M
$93.9M
Stockholders' Equity
RYTM
RYTM
TLS
TLS
Q4 25
$139.1M
$96.0M
Q3 25
$148.8M
$119.7M
Q2 25
$-11.9M
$118.4M
Q1 25
$18.9M
$126.1M
Q4 24
$21.7M
$127.1M
Q3 24
$11.2M
$129.5M
Q2 24
$39.3M
$149.1M
Q1 24
$61.6M
$154.4M
Total Assets
RYTM
RYTM
TLS
TLS
Q4 25
$480.2M
$139.9M
Q3 25
$506.9M
$164.3M
Q2 25
$372.7M
$165.0M
Q1 25
$386.7M
$158.1M
Q4 24
$392.3M
$158.2M
Q3 24
$363.6M
$166.3M
Q2 24
$381.8M
$182.4M
Q1 24
$258.7M
$195.4M

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
TLS
TLS
Operating Cash FlowLast quarter
$-25.4M
$8.0M
Free Cash FlowOCF − Capex
$8.0M
FCF MarginFCF / Revenue
17.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$29.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYTM
RYTM
TLS
TLS
Q4 25
$-25.4M
$8.0M
Q3 25
$-26.6M
$9.1M
Q2 25
$-23.3M
$7.0M
Q1 25
$-40.4M
$6.1M
Q4 24
$-18.8M
$-10.5M
Q3 24
$-25.2M
$-7.1M
Q2 24
$-29.1M
$-8.0M
Q1 24
$-40.7M
$-350.0K
Free Cash Flow
RYTM
RYTM
TLS
TLS
Q4 25
$8.0M
Q3 25
$8.7M
Q2 25
$6.8M
Q1 25
$6.0M
Q4 24
$-12.4M
Q3 24
$-7.1M
Q2 24
$-8.2M
Q1 24
$-447.0K
FCF Margin
RYTM
RYTM
TLS
TLS
Q4 25
17.0%
Q3 25
16.9%
Q2 25
19.0%
Q1 25
19.5%
Q4 24
-47.0%
Q3 24
-30.0%
Q2 24
-28.9%
Q1 24
-1.5%
Capex Intensity
RYTM
RYTM
TLS
TLS
Q4 25
0.1%
Q3 25
0.9%
Q2 25
0.4%
Q1 25
0.4%
Q4 24
7.1%
Q3 24
0.2%
Q2 24
0.8%
Q1 24
0.3%

Financial Flow Comparison

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

Revenue Breakdown by Segment

RYTM
RYTM

Segment breakdown not available.

TLS
TLS

Security Solutions Segment$44.8M96%
Secure Networks Segment$1.9M4%

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