Algorhythm Holdings (NASDAQ:RIME) reported a dramatic expansion in its top-line performance for fiscal year 2025, driven by the successful integration of its Indian logistics acquisition and a significant restructuring of its balance sheet.
The New York-based technology firm, which specializes in AI-driven supply chain and logistics solutions, saw full-year revenue soar 1,367% to $4.4 million, up from $0.3 million in the prior year.
The growth was primarily spearheaded by the acquisition of SemiCab India, which has reached an annual recurring revenue (ARR) of approximately $10 million.
The company also made substantial progress in narrowing its losses and cleaning up its capital structure.
Net loss for 2025 improved by 32%, falling to $16.6 million.
On the balance sheet, total liabilities were slashed by 49.3%, ending the year at $14.6 million.
Meanwhile, Algorhythm significantly bolstered its liquidity through a new supply-chain finance facility with Bank of America, contributing to a cash balance of $10.9 million as of March 25, 2026.
Operational milestones in 2025 were highlighted by the launch of the Apex SaaS platform, a cloud-native solution designed to optimize freight movement and reduce "empty miles" for shippers.
The platform is a core component of the company’s strategy to transition from a pure services model to a high-margin software business.