# Rhythm made $195M and lost $202M. Then the tariff clock started.

- slug: rhythm-made-195m-and-lost-202m-then-the-tariff-clock-started
- date: 2026-04-13
- category: Biotech & Life Sciences

Rhythm posted $195M in 2025 revenue and still lost $202M. The FDA just approved its drug for 29,000 more patients. Then the 100% tariff clock started running, and the company has no MFN deal to slow it down.

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