Algorhythm Holdings Reports Second Quarter 2026 Financial Results
Algorhythm Holdings reported Q2 revenue of $3.0 million, up 161% year-over-year and 25% sequentially, driven by the expansion of its SemiCab AI logistics platform. Gross margin improved by 850 basis points sequentially, although the company recorded a net loss of $3.8 million attributable to common shareholders amidst scaling efforts.
Key figures
- Revenue
- $3.0 million
- Revenue Yoy
- 161%
- Total assets
- $18.6 million
- Current assets
- 13387000
- Current liabilities
- 14894000
- Cash and restricted cash
- $8.0 million
- Revenue sequential growth
- 25%
- Gross margin improvement bps
- 850
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