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Stock research / United States / IRTC · Surgical & Medical Instruments & Apparatus · Nasdaq

iRhythm Holdings, Inc. (IRTC)

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iRhythm Holdings, Inc. (IRTC) reported revenue of $224 million for Q2 FY2026, the quarter ended 30 June 2026, up 20.1% on the same quarter a year earlier. Net income was -$381,000, and diluted earnings per share $-0.01. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$224 millionup 20.1%
Net income-$381,000
Diluted EPS$-0.01
QuarterQ2 FY2026ended 30 June 2026

iRhythm Holdings (IRTC) in brief

iRhythm Holdings (IRTC) reported revenue of $747 million for fiscal 2025, the year ended 31 December 2025, up 26.2% on the year before.
Read moreNet loss was $45 million and the diluted loss per share $1.39. Revenue was $592 million in fiscal 2024, $493 million in fiscal 2023, $411 million in fiscal 2022 and $323 million in fiscal 2021. Net income in the same years was a loss of $113 million, a loss of $123 million, a loss of $116 million and a loss of $101 million. Over the twelve months to 30 June 2026, iRhythm Holdings reported revenue of $825 million and net loss of $14 million. Revenue grew 23.0% a year, compounded, over the five years to fiscal 2025. iRhythm Holdings had 33 million shares outstanding at the latest filed count. At 30 June 2026 it carried $651 million of debt and $247 million of cash. At the close of 27 October 2026 the market cap of iRhythm Holdings was $4.1 billion.

Ratios

From the filings

ROE-7.5%
ROCE-3.0%
Operating margin-3.0%
Net margin-1.7%
FCF margin4.7%
Interest cover-1.89
Debt to equity3.50
Cash conversionn/a
Share count, last 12 months2.6%
Sales CAGR, 3 years22.1%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.43

At the close of 27 October 2026

Price$123.89
Market cap$4.1 billion
Stock P/En/a
Price to book21.95
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales4.95
52-week high$189.25
52-week low$101.79
Price, 1 year-32.2%
Price CAGR, 3 years16.6%
Price CAGR, 5 years12.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of iRhythm Holdings, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
IRTCgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on IRTC

Dividendsno dividend in its filings for fiscal 2014 onward
Filings23 in twelve months: 14 current reports (8-K), about 6 regulation FD disclosure; 4 officer or director change; 4 results of operations; 3 material agreement; 1 unregistered sale of equity
Planned insider sales8 Form 144 notices in twelve months, $4.5 million; latest 11 May 2026
Options tapeput/call 0.5 by open interest at the 27 October 2026 close; the straddle prices a 11.0% move to 20 November 2026
13F holders305 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading66 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.1 million shares short, 6.77 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue85.481.892.4102104113111124125133132148148164159187193209199224
Cost of revenue29.330.530.631.833.033.935.837.942.145.144.444.646.149.349.553.855.860.858.061.0
Gross profit56.151.361.870.270.978.775.786.282.587.487.5103101115109133137148141163
Gross margin66%63%67%69%68%70%68%69%66%66%66%70%69%70%69%71%71%71%71%73%
R&D8.711.910.511.911.412.714.813.716.315.417.019.715.719.121.521.021.021.021.419.8
SG&A70.771.673.281.880.686.710091.493.810010910710399.8120126124122136132
Operating income-23.3-32.2-48.5-23.5-21.1-20.7-39.5-18.9-27.6-39.2-38.1-23.0-50.3-4.1-32.6-18.7-8.42.3-16.2-2.5
Operating margin-27%-39%-53%-23%-20%-18%-35%-15%-22%-30%-29%-16%-34%-2%-21%-10%-4%1%-8%-1%
Interest expense0.30.22.00.50.61.00.90.80.90.92.93.33.33.33.33.33.33.33.33.3
Pre-tax income-23.6-32.4-50.6-23.9-21.3-20.1-39.0-18.3-26.9-38.4-45.6-19.9-46.0-1.2-30.0-14.4-5.26.0-13.4-0.4
Tax raten/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a7%n/an/a
Net income-23.7-32.5-50.6-23.9-21.5-20.2-39.1-18.5-27.1-38.7-45.7-20.1-46.2-1.3-30.7-14.2-5.25.6-13.9-0.4
Net margin-28%-40%-55%-23%-21%-18%-35%-15%-22%-29%-35%-14%-31%-1%-19%-8%-3%3%-7%-0%
Diluted EPS-$0.81-$1.11-$1.71-$0.80-$0.71-$0.67-$1.29-$0.61-$0.89-$1.26-$1.47-$0.65-$1.48-$0.04-$0.97-$0.44-$0.16$0.17-$0.43-$0.01
Operating cash flow17.7-13.0-38.9-0.43.712.6-30.8-4.61.2-16.0-52.011.824.319.2-7.927.734.926.2-26.251.1
Capital expenditure13.34.65.610.86.37.18.49.49.113.59.88.58.86.89.410.414.811.76.913.6
Free cash flow4.4-17.7-44.5-11.2-2.75.5-39.2-14.0-7.9-29.5-61.83.415.512.4-17.317.320.114.5-33.137.5
Buybacksn/an/an/an/an/an/a0.00.00.00.025.00.00.00.00.00.00.00.0n/an/a
Shares outstanding29m29m30m30m30m30m30m31m31m31m31m31m31m31m32m32m32m32m33m33m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue21.736.164.199.1147215265323411493592747825
Cost of revenue10.614.720.928.238.852.570.3109129161184220236
Gross profit11.221.443.270.8108162195214282332408527590
Gross margin51.3%59.3%67.4%71.4%73.7%75.5%73.5%66.2%68.5%67.3%68.9%70.6%71.5%
Research and development5.76.37.213.320.937.341.338.746.660.271.584.683.3
Selling, general and administrative20.236.751.685.3133180197275322386419493514
Operating income-14.8-21.6-15.6-27.6-45.7-54.8-43.7-99.9-114-125-116-57.4-24.9
Operating margin-67.9%-59.9%-24.3%-27.8%-31.0%-25.5%-16.5%-31.0%-27.7%-25.4%-19.5%-7.7%-3.0%
Interest expense0.81.13.23.43.11.61.51.24.13.612.813.213.2
Pre-tax incomen/an/a-20.9-29.7-50.3-54.5-43.6-101-116-123-113-43.6-13.0
Income tax0.00.00.00.00.00.10.20.40.30.80.61.01.0
Net income-15.8-22.8-20.9-29.7-50.4-54.6-43.8-101-116-123-113-44.6-13.9
Net margin-72.8%-63.1%-32.6%-30.0%-34.2%-25.4%-16.5%-31.4%-28.3%-25.0%-19.1%-6.0%-1.7%
Diluted EPS-$12.05-$16.57-$3.95-$1.30-$2.02-$2.16-$1.58-$3.46-$3.88-$4.04-$3.63-$1.39-$0.43
Filing10-K10-K10-K10-Q10-Q10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Contracted third-party payors26731239252.5%
Centers for Medicare and Medicaid12214217924.0%
Healthcare institutions71.095.112616.8%
Non-contracted third-party payors32.142.749.96.7%
Contracted third-party payorsCenters for Medicare and MedicaidHealthcare institutionsNon-contracted third-party payors
493FY2023592FY2024747FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-15.6-18.0-16.7-14.9-29.1-21.9-13.8-37.8-23.0-50.13.480.986.0
Capital expenditure0.51.82.83.65.220.513.628.129.840.433.946.347.0
Free cash flow-16.2-19.8-19.4-18.5-34.2-42.3-27.3-65.8-52.8-90.5-30.634.539.0
Free cash flow margin-74.3%-54.8%-30.3%-18.6%-23.3%-19.7%-10.3%-20.4%-12.9%-18.4%-5.2%4.6%4.7%
Cash from investingn/an/a-68.2-34.734.1-89.3-132105-52.4-1.2-123-277-156
Cash from financingn/an/a1116.56.3112214-28.626.78.851112.68.0
Depreciation and amortisation0.20.50.61.62.33.46.99.813.416.320.720.720.6
Share-based compensation0.81.41.99.816.326.241.554.557.777.276.088.383.6
Buybacksn/an/an/an/an/an/an/an/a0.00.025.00.0n/a
Diluted shares, weightedn/an/an/an/an/a25m28m29m30m31m31m32m33m
Shares outstanding at period endn/a1m22m23m24m27m29m29m30m31m31m32m33m
Filing10-K10-K10-K10-Q10-Q10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-80.5-10293.079.352.113534228024021090.9153186
Redeemable equityn/a97.1n/an/an/an/an/an/an/an/an/an/an/a
Debtn/a30.646.344.834.934.933.021.434.935.0646650651
Operating lease liabilitiesn/an/an/an/a0.085.781.385.283.179.774.665.059.3
Other liabilitiesn/a11.8n/a9.030.550.155.876.990.4108119153197
Total liabilities and equityn/a37.91381331183065124634484339311,0201,093
Owned
Fixed assetsn/a2.04.76.29.226.534.255.975.7104125152165
Goodwilln/a0.90.90.90.90.90.90.90.90.90.90.90.9
Investmentsn/a1.365.496.758.3128247112134101178418418
Cash and equivalents8.625.251.68.720.020.588.612878.836.2420236247
Receivablesn/a5.69.413.019.823.929.946.449.961.579.975.784.3
Inventoryn/a1.11.41.72.14.05.310.315.214.014.021.622.5
Other assetsn/a1.84.86.07.310210611093.5116114117156
Total assetsn/a37.91381331183065124634484339311,0201,093
Filing10-K10-K10-K10-Q10-Q10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded35.4%23.0%22.1%25.6%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-50.7%-59.4%-70.8%-29.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was iRhythm Holdings' revenue in fiscal 2025?

iRhythm Holdings (IRTC) reported revenue of $747 million for fiscal 2025, the year ended 31 December 2025, up 26.2% on the year before.

How much did iRhythm Holdings earn in fiscal 2025?

Net loss was $45 million for fiscal 2025, and the diluted loss per share $1.39.

What is iRhythm Holdings' market cap?

The market cap of iRhythm Holdings was $4.1 billion at the close of 27 October 2026.

How much debt does iRhythm Holdings have?

At 30 June 2026 iRhythm Holdings carried $651 million of debt and $247 million of cash.

Peers: Medical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Stryker Corp. SYK$115.6 billion31.2415.5%21.4%8.5%0.621.2%
3M Co. MMM$88.7 billion25.5885.7%18.8%1.7%3.631.8%
Boston Scientific Corp. BSX$65.3 billion18.2514.7%19.8%13.5%0.51n/a
Becton Dickinson & Co. BDX$53.1 billion58.743.9%9.6%-2.6%0.692.1%
Resmed Inc. RMD$36.2 billion24.0523.1%33.4%9.9%0.101.0%
Dexcom Inc. DXCM$29.7 billion31.0638.1%22.9%15.5%0.47n/a
West Pharmaceutical Services Inc. WST$28.0 billion50.9918.9%20.5%12.4%0.070.2%
Medline Inc. MDLN$27.9 billionn/an/an/an/a1.09n/a
Solventum Corp. SOLV$14.1 billion10.1529.9%25.0%-0.9%1.06n/a
Baxter International Inc. BAX$12.9 billionn/a-17.1%-2.4%5.4%1.520.8%
Penumbra Inc. PEN$12.8 billion79.6310.5%12.4%17.6%0.00n/a
Globus Medical Inc. GMED$10.9 billion20.7011.2%20.3%19.7%0.00n/a
All 56 in Medical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$154.6 billion53.9218.5%28.4%20.5%0.00n/a
Medtronic plc MDT$120.2 billion23.1410.4%18.1%9.8%0.563.0%
Stryker Corp. SYK$115.6 billion31.2415.5%21.4%8.5%0.621.2%
3M Co. MMM$88.7 billion25.5885.7%18.8%1.7%3.631.8%
Boston Scientific Corp. BSX$65.3 billion18.2514.7%19.8%13.5%0.51n/a
Becton Dickinson & Co. BDX$53.1 billion58.743.9%9.6%-2.6%0.692.1%
Edwards Lifesciences Corp. EW$52.4 billion52.189.5%22.3%14.6%0.06n/a
Resmed Inc. RMD$36.2 billion24.0523.1%33.4%9.9%0.101.0%
GE HealthCare Technologies Inc. GEHC$32.1 billion16.3018.1%12.9%6.5%0.920.2%
Dexcom Inc. DXCM$29.7 billion31.0638.1%22.9%15.5%0.47n/a
West Pharmaceutical Services Inc. WST$28.0 billion50.9918.9%20.5%12.4%0.070.2%
Medline Inc. MDLN$27.9 billionn/an/an/an/a1.09n/a
Koninklijke Philips N.V. PHG *$25.4 billion25.378.2%8.0%-1.0%0.741.5%
Steris plc STE$22.3 billion27.9311.2%18.9%8.4%0.261.1%
Zimmer Biomet Holdings, Inc. ZBH$18.3 billion23.386.4%14.2%8.6%0.591.0%
Solventum Corp. SOLV$14.1 billion10.1529.9%25.0%-0.9%1.06n/a
Smith & Nephew plc SNN *$13.2 billion21.0311.8%12.9%6.1%0.592.5%
Baxter International Inc. BAX$12.9 billionn/a-17.1%-2.4%5.4%1.520.8%
Penumbra Inc. PEN$12.8 billion79.6310.5%12.4%17.6%0.00n/a
Cooper Companies, Inc. COO$11.4 billion20.446.8%12.8%4.7%0.310.0%
Globus Medical Inc. GMED$10.9 billion20.7011.2%20.3%19.7%0.00n/a
Align Technology Inc. ALGN$10.8 billion26.439.8%13.2%4.4%0.00n/a
Glaukos Corp. GKOS$10.7 billionn/a-27.6%-31.6%41.5%0.00n/a
Insulet Corp. PODD$10.4 billion28.0126.4%16.9%29.4%0.67n/a
MSA Safety Inc. MSA$6.9 billion22.3122.4%21.2%6.5%0.431.2%
Bausch & Lomb Corp. BLCO$6.3 billionn/a-2.7%6.1%8.9%0.80n/a
Teleflex Inc. TFX$5.9 billionn/a-35.5%2.0%30.7%0.971.0%
Merit Medical Systems Inc. MMSI$5.6 billion38.668.7%12.8%10.2%0.44n/a
Haemonetics Corp. HAE$5.5 billion58.7811.5%11.9%0.4%1.42n/a
MiniMed Group, Inc. MMED$5.3 billionn/an/an/an/a0.00n/a
Heartflow, Inc. HTFL$5.0 billionn/a-42.3%-37.8%n/a0.00n/a
LivaNova plc LIVN$4.4 billion23.7714.2%12.7%12.4%0.22n/a
Integer Holdings Corp. ITGR$4.3 billion34.607.5%9.7%2.7%0.72n/a
ICU Medical Inc. ICUI$4.1 billion138.351.4%3.3%-9.0%0.57n/a
iRhythm Holdings, Inc. IRTC$4.1 billionn/a-7.5%-3.0%25.6%3.50n/a
Envista Holdings Corp. NVST$3.8 billion40.663.1%9.6%11.9%0.47n/a
Pulse Biosciences, Inc. PLSE$3.8 billionn/a-80.5%-7,007.8%n/a0.00n/a
AtriCure, Inc. ATRC$3.1 billion293.192.0%2.3%13.9%0.12n/a
Warby Parker Inc. WRBY$2.8 billion358.292.0%0.2%11.0%0.00n/a
TransMedics Group, Inc. TMDX$2.4 billion17.9229.3%12.2%25.8%0.990.0%
UFP Technologies Inc. UFPT$2.3 billion31.7815.6%15.3%7.3%0.25n/a
Inspire Medical Systems, Inc. INSP$2.1 billion15.4416.4%6.0%4.3%0.00n/a
Axogen, Inc. AXGN$2.0 billionn/a-13.1%-5.1%23.6%0.00n/a
Establishment Labs Holdings Inc. ESTA$2.0 billionn/a-180.0%-7.6%38.6%12.11n/a
Lemaitre Vascular Inc. LMAT$1.9 billion29.3815.6%29.5%11.8%0.401.1%
Dentsply Sirona Inc. XRAY$1.9 billionn/a-40.4%-8.5%-0.8%1.656.8%
Kestra Medical Technologies, Ltd. KMTS$1.8 billionn/a-67.4%-134.5%60.7%0.33n/a
NovoCure Ltd. NVCR$1.7 billionn/a-43.9%-22.1%11.0%0.58n/a
Alphatec Holdings, Inc. ATEC$1.7 billionn/an/a-6.0%19.5%n/an/a
Conmed Corp. CNMD$1.4 billion25.475.4%8.0%3.4%0.801.3%
Tandem Diabetes Care Inc. TNDM$1.3 billionn/a-48.6%-4.4%4.0%4.62n/a
National Vision Holdings, Inc. EYE$1.3 billion26.525.6%4.1%7.8%0.26n/a
Enovis Corp. ENOV$1.2 billionn/a-74.6%-45.1%4.9%0.87n/a
Staar Surgical Co. STAA$1.2 billion345.141.1%4.0%51.3%0.00n/a
Artivion, Inc. AORT$1.1 billionn/a-0.7%4.4%16.4%0.820.0%
Integra LifeSciences Holdings Corp. IART$932 million70.501.2%4.4%0.8%1.71n/a
31 companies share its SEC industry code (Surgical & Medical Instruments & Apparatus); the rest are the names nearest in size in its wider industry, Medical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR