Aug. 14 at 7:09 PM
Algorhythm Holdings, Inc. (NASDAQ:
$RIME ) reported revenue of
$3.0 million for the second quarter ended June 30, 2026, up 161% from
$1.2 million in the second quarter of 2025 and 25% from the first quarter of 2026. The company owns and operates SemiCab, whose AI platform addresses supply-chain problems globally.
Algorhythm Holdings, Inc. is a B2i Digital Featured Company. See the company’s in-depth profile at: https://b2idigital.com/algorhythm-holdings-1
Enterprise customer expansion in India ran alongside the revenue growth:
• SemiCab expanded its Procter & Gamble India relationship through an additional contract expansion, increasing annualized contract value by approximately 32%
• Commercial expansion of the SemiCab Apex SaaS platform continued in North America, with Jonathan Miller hired as Vice President of U.S. Sales
• Cash and restricted cash totaled approximately
$8.0 million at June 30, 2026
• Total assets grew 46% to
$18.6 million at June 30, 2026 from
$12.7 million at December 31, 2025
“During the quarter, we signed a new master services agreement with Onida Electronics and expanded our relationship with Procter & Gamble India, providing us with additional validation for our SemiCab technology platform,” said Gary Atkinson, Chief Executive Officer of Algorhythm Holdings.
Read the full release: https://www.globenewswire.com/news-release/2026/08/14/3345377/0/en/algorhythm-holdings-reports-second-quarter-2026-financial-results.html
During the quarter the company participated as a Gold Sponsor at Reuters Events: Supply Chain USA 2026, showcasing Apex to enterprise shippers, logistics providers and transportation leaders, and hosted the inaugural SemiCab Freight Network Forum, bringing together supply chain executives to discuss AI, freight orchestration and transportation network optimization.
Algorhythm Holdings, Inc. is an AI technology company that owns and operates SemiCab. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks, using real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. Learn more at http://www.semicab.com.
Discover more emerging growth Featured Companies, Featured Experts, and upcoming Featured Conferences at https://b2idigital.com.
David Shapiro, Chief Executive Officer of B2i Digital, personally purchased in the open market and currently owns shares of unrestricted RIME stock, in line with B2i Digital’s practice of investing alongside its Featured Companies. B2i Digital is not a broker-dealer or investment adviser. This post is informational and not an offer or solicitation regarding any security. See the complete Disclosure at https://b2idigital.com/disclaimer.
$XPO,
$XRO,
$CHRW,
$BIRD