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

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $51.6M, roughly 1.1× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -83.0%, a 150.3% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 32.8%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs 32.3%).

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.

Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.

RYTM vs VEL — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.1× larger
RYTM
$57.3M
$51.6M
VEL
Growing faster (revenue YoY)
RYTM
RYTM
+4.1% gap
RYTM
36.9%
32.8%
VEL
Higher net margin
VEL
VEL
150.3% more per $
VEL
67.3%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
32.3%
VEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYTM
RYTM
VEL
VEL
Revenue
$57.3M
$51.6M
Net Profit
$-47.5M
$34.8M
Gross Margin
91.6%
Operating Margin
-82.2%
97.0%
Net Margin
-83.0%
67.3%
Revenue YoY
36.9%
32.8%
Net Profit YoY
-9.6%
67.0%
EPS (diluted)
$-0.73
$0.90

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
VEL
VEL
Q4 25
$57.3M
$51.6M
Q3 25
$51.3M
$49.1M
Q2 25
$48.5M
$47.6M
Q1 25
$32.7M
$37.5M
Q4 24
$41.8M
$38.9M
Q3 24
$33.3M
$35.1M
Q2 24
$29.1M
$32.4M
Q1 24
$26.0M
$29.5M
Net Profit
RYTM
RYTM
VEL
VEL
Q4 25
$-47.5M
$34.8M
Q3 25
$-52.9M
$25.4M
Q2 25
$-46.6M
$26.0M
Q1 25
$-49.5M
$18.9M
Q4 24
$-43.3M
$20.8M
Q3 24
$-43.6M
$15.8M
Q2 24
$-32.3M
$14.8M
Q1 24
$-141.4M
$17.3M
Gross Margin
RYTM
RYTM
VEL
VEL
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Q1 24
89.2%
Operating Margin
RYTM
RYTM
VEL
VEL
Q4 25
-82.2%
97.0%
Q3 25
-102.6%
72.1%
Q2 25
-93.4%
71.3%
Q1 25
-143.7%
71.7%
Q4 24
-98.6%
82.5%
Q3 24
-132.0%
60.6%
Q2 24
-139.2%
61.3%
Q1 24
-538.7%
78.8%
Net Margin
RYTM
RYTM
VEL
VEL
Q4 25
-83.0%
67.3%
Q3 25
-103.1%
51.7%
Q2 25
-96.1%
54.6%
Q1 25
-151.4%
50.4%
Q4 24
-103.6%
53.5%
Q3 24
-131.2%
45.1%
Q2 24
-110.9%
45.6%
Q1 24
-544.4%
58.5%
EPS (diluted)
RYTM
RYTM
VEL
VEL
Q4 25
$-0.73
$0.90
Q3 25
$-0.82
$0.65
Q2 25
$-0.75
$0.69
Q1 25
$-0.81
$0.51
Q4 24
$-0.71
$0.56
Q3 24
$-0.73
$0.44
Q2 24
$-0.55
$0.42
Q1 24
$-2.35
$0.49

Balance Sheet & Financial Strength

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

Metric
RYTM
RYTM
VEL
VEL
Cash + ST InvestmentsLiquidity on hand
$388.9M
$92.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.1M
$672.5M
Total Assets
$480.2M
$7.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYTM
RYTM
VEL
VEL
Q4 25
$388.9M
$92.1M
Q3 25
$416.1M
$99.0M
Q2 25
$291.0M
$79.6M
Q1 25
$314.5M
$51.7M
Q4 24
$320.6M
$49.9M
Q3 24
$298.4M
$44.1M
Q2 24
$319.1M
$47.4M
Q1 24
$201.2M
$34.8M
Stockholders' Equity
RYTM
RYTM
VEL
VEL
Q4 25
$139.1M
$672.5M
Q3 25
$148.8M
$634.3M
Q2 25
$-11.9M
$597.9M
Q1 25
$18.9M
$563.2M
Q4 24
$21.7M
$516.9M
Q3 24
$11.2M
$484.6M
Q2 24
$39.3M
$471.3M
Q1 24
$61.6M
$452.9M
Total Assets
RYTM
RYTM
VEL
VEL
Q4 25
$480.2M
$7.4B
Q3 25
$506.9M
$7.0B
Q2 25
$372.7M
$6.5B
Q1 25
$386.7M
$6.0B
Q4 24
$392.3M
$5.5B
Q3 24
$363.6M
$5.2B
Q2 24
$381.8M
$4.9B
Q1 24
$258.7M
$4.6B

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
VEL
VEL
Operating Cash FlowLast quarter
$-25.4M
$18.2M
Free Cash FlowOCF − Capex
$17.9M
FCF MarginFCF / Revenue
34.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
0.52×
TTM Free Cash FlowTrailing 4 quarters
$40.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYTM
RYTM
VEL
VEL
Q4 25
$-25.4M
$18.2M
Q3 25
$-26.6M
$11.5M
Q2 25
$-23.3M
$7.7M
Q1 25
$-40.4M
$3.5M
Q4 24
$-18.8M
$37.8M
Q3 24
$-25.2M
$-17.6M
Q2 24
$-29.1M
$11.5M
Q1 24
$-40.7M
$10.6M
Free Cash Flow
RYTM
RYTM
VEL
VEL
Q4 25
$17.9M
Q3 25
$11.4M
Q2 25
$7.6M
Q1 25
$3.5M
Q4 24
$37.5M
Q3 24
$-17.6M
Q2 24
$11.4M
Q1 24
$10.5M
FCF Margin
RYTM
RYTM
VEL
VEL
Q4 25
34.6%
Q3 25
23.2%
Q2 25
15.9%
Q1 25
9.2%
Q4 24
96.4%
Q3 24
-50.3%
Q2 24
35.1%
Q1 24
35.8%
Capex Intensity
RYTM
RYTM
VEL
VEL
Q4 25
0.5%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.7%
Q3 24
0.2%
Q2 24
0.3%
Q1 24
0.1%
Cash Conversion
RYTM
RYTM
VEL
VEL
Q4 25
0.52×
Q3 25
0.45×
Q2 25
0.29×
Q1 25
0.19×
Q4 24
1.81×
Q3 24
-1.11×
Q2 24
0.78×
Q1 24
0.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RYTM
RYTM

Segment breakdown not available.

VEL
VEL

Related Party$19.3M37%
Nonrelated Party$16.9M33%
Other$15.4M30%

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