NASDAQ : IRMD
IRADIMED CORPORATION — Financial statements
Healthcare · Medical Devices · United States
Last price 76.68 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 980.51M
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Financial statements
IRADIMED CORPORATION (IRMD) reported revenue of 89.34M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 89.34M | 83.81M | 73.24M | 65.56M | 53.30M | 41.81M |
| Cost of Revenue | 21.88M | 19.49M | 16.89M | 15.40M | 12.02M | 9.76M |
| Gross Profit | 67.46M | 64.32M | 56.35M | 50.16M | 41.28M | 32.05M |
| Selling, General & Admin | 35.34M | 35.23M | 31.59M | 27.30M | 23.41M | 20.36M |
| Research & Development | 3.26M | 2.95M | 2.79M | 2.82M | 2.24M | 1.87M |
| Operating Expenses | 38.60M | 38.18M | 34.38M | 30.12M | 25.65M | 22.23M |
| Operating Income | 28.86M | 26.15M | 21.96M | 20.04M | 15.63M | 9.82M |
| Interest & Investment Income | 2.01M | 2.01M | 2.19M | 1.86M | 581.85K | 34.81K |
| Currency Exchange Gain (Loss) | 2.00K | 2.00K | -43.00K | -148.84K | -36.77K | -34.79K |
| Other Non Operating Income (Expenses) | 42.00K | 164.00K | ||||
| EBT Excluding Unusual Items | 30.91M | 28.16M | 24.28M | 21.75M | 16.17M | 9.82M |
| Gain (Loss) on Sale of Investments | 8.03K | 18.59K | ||||
| Gain (Loss) on Sale of Assets | 203.00K | 203.00K | -4.00K | -12.47K | ||
| Pretax Income | 31.12M | 28.36M | 24.27M | 21.74M | 16.18M | 9.84M |
| Income Tax Expense | 7.13M | 5.88M | 5.04M | 4.55M | 3.35M | 510.82K |
| Net Income | 23.98M | 22.48M | 19.23M | 17.19M | 12.83M | 9.33M |
| Net Income to Common | 23.98M | 22.48M | 19.23M | 17.19M | 12.83M | 9.33M |
| Shares Outstanding (Basic) | 12.77M | 12.72M | 12.67M | 12.60M | 12.56M | 12.35M |
| Shares Outstanding (Diluted) | 12.88M | 12.85M | 12.78M | 12.72M | 12.64M | 12.59M |
| EPS (Basic) | 1.88 | 1.77 | 1.52 | 1.36 | 1.02 | 0.76 |
| EPS (Diluted) | 1.87 | 1.75 | 1.50 | 1.35 | 1.02 | 0.74 |
| Free Cash Flow | 26.14M | 17.18M | 17.62M | 6.02M | 9.22M | 10.78M |
| Free Cash Flow Per Share | 2.03 | 1.34 | 1.38 | 0.47 | 0.73 | 0.86 |
| Dividend Per Share | 0.80 | 0.71 | 0.47 | 0.15 | ||
| Gross Margin | 75.51% | 76.75% | 76.94% | 76.50% | 77.45% | 76.65% |
| Operating Margin | 32.30% | 31.20% | 29.99% | 30.56% | 29.32% | 23.48% |
| Profit Margin | 26.85% | 26.82% | 26.26% | 26.22% | 24.07% | 22.30% |
| Free Cash Flow Margin | 29.26% | 20.50% | 24.06% | 9.19% | 17.30% | 25.77% |
| EBITDA | 30.52M | 27.31M | 22.78M | 20.80M | 16.30M | 11.22M |
| EBITDA Margin | 34.16% | 32.59% | 31.11% | 31.73% | 30.58% | 26.84% |
| D&A For EBITDA | 1.66M | 1.17M | 818.00K | 765.18K | 670.67K | 1.41M |
| EBIT | 28.86M | 26.15M | 21.96M | 20.04M | 15.63M | 9.82M |
| EBIT Margin | 32.30% | 31.20% | 29.99% | 30.56% | 29.32% | 23.48% |
| Effective Tax Rate | 22.92% | 20.74% | 20.77% | 20.91% | 20.72% | 5.19% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 63.29M | 51.16M | 52.23M | 49.76M | 57.96M | 62.00M |
| Short-Term Investments | 501.86K | |||||
| Cash & Short-Term Investments | 63.29M | 51.16M | 52.23M | 49.76M | 57.96M | 62.50M |
| Receivables | 13.67M | 13.67M | 10.56M | 12.22M | 13.27M | 5.14M |
| Inventory | 13.49M | 11.62M | 10.40M | 12.82M | 5.37M | 4.30M |
| Prepaid Expenses | 1.25M | 4.76M | 2.05M | 1.19M | 630.96K | 1.00M |
| Other Current Assets | 1.10M | 254.09K | 3.31M | |||
| Total Current Assets | 92.80M | 81.20M | 75.24M | 76.00M | 77.49M | 76.24M |
| Property, Plant & Equipment | 24.08M | 23.86M | 16.81M | 11.33M | 4.61M | 4.55M |
| Other Intangible Assets | 3.41M | 3.38M | 3.10M | 2.52M | 2.07M | 1.12M |
| Long-Term Deferred Tax Assets | 524.00K | 94.00K | 2.82M | 2.12M | 700.87K | 765.10K |
| Other Long-Term Assets | 239.00K | 354.00K | 181.45K | 648.67K | 201.32K | |
| Total Assets | 121.07M | 108.78M | 98.33M | 92.16M | 85.51M | 82.88M |
| Accounts Payable | 2.42M | 1.82M | 1.90M | 1.86M | 1.80M | 782.90K |
| Accrued Expenses | 4.17M | 3.22M | 3.77M | 2.88M | 2.87M | 2.81M |
| Current Portion of Leases | 427.96K | 293.47K | 276.57K | |||
| Current Income Taxes Payable | 1.81M | 250.04K | 121.92K | 140.31K | ||
| Current Unearned Revenue | 3.57M | 2.87M | 2.26M | 2.57M | 3.37M | 2.55M |
| Other Current Liabilities | 161.00K | 457.00K | 584.00K | 8.34M | 94.03K | 255.31K |
| Total Current Liabilities | 10.32M | 10.18M | 8.51M | 16.33M | 8.55M | 6.82M |
| Long-Term Leases | 2.00K | 1.62M | 1.91M | 2.21M | ||
| Long-Term Unearned Revenue | 4.29M | 3.98M | 2.99M | 2.79M | 1.38M | 1.68M |
| Total Liabilities | 14.62M | 14.16M | 11.51M | 20.74M | 11.84M | 10.71M |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.26K | 1.26K | 1.25K |
| Additional Paid-In Capital | 32.35M | 30.39M | 30.03M | 28.16M | 26.41M | 25.16M |
| Retained Earnings | 74.10M | 64.23M | 56.79M | 43.26M | 47.26M | 46.99M |
| Comprehensive Income & Other | 17.01K | |||||
| Shareholders' Equity | 106.45M | 94.62M | 86.82M | 71.42M | 73.67M | 72.17M |
| Total Liabilities & Equity | 121.07M | 108.78M | 98.33M | 92.16M | 85.51M | 82.88M |
| Total Debt | 2.00K | 2.04M | 2.21M | 2.48M | ||
| Net Cash (Debt) | 63.29M | 51.16M | 52.23M | 47.72M | 55.76M | 60.02M |
| Net Cash Per Share | 4.92 | 3.98 | 4.09 | 3.75 | 4.41 | 4.77 |
| Filing Date Shares Outstanding | 12.79M | 12.78M | 12.72M | 12.66M | 12.59M | 12.56M |
| Total Common Shares Outstanding | 12.79M | 12.78M | 12.71M | 12.66M | 12.59M | 12.54M |
| Working Capital | 82.48M | 71.02M | 66.73M | 59.67M | 68.94M | 69.42M |
| Book Value Per Share | 8.32 | 7.40 | 6.83 | 5.64 | 5.85 | 5.75 |
| Tangible Book Value | 103.04M | 91.23M | 83.72M | 68.90M | 71.60M | 71.06M |
| Tangible Book Value Per Share | 8.06 | 7.14 | 6.59 | 5.44 | 5.69 | 5.66 |
| Land | 9.51M | 9.51M | 6.25M | 6.25M | ||
| Buildings | 11.58M | 11.53M | ||||
| Machinery | 6.62M | 5.68M | 4.49M | 4.20M | 3.78M | 3.32M |
| Construction In Progress | 4.00K | 23.00K | 8.81M | 1.26M | 665.77K | 537.04K |
| Leasehold Improvements | 270.00K | 270.49K | 259.15K | 237.09K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 23.98M | 22.48M | 19.23M | 17.19M | 12.83M | 9.33M |
| Depreciation & Amortization | 1.66M | 1.17M | 818.00K | 765.18K | 670.67K | 1.41M |
| Loss (Gain) From Sale of Assets | 8.00K | 37.00K | 4.00K | 12.54K | -1.74K | 5.54K |
| Loss (Gain) From Sale of Investments | -8.03K | -18.59K | ||||
| Stock-Based Compensation | 2.96M | 2.92M | 2.52M | 2.19M | 1.39M | 1.46M |
| Provision & Write-off of Bad Debts | 93.00K | -84.00K | -95.00K | 208.34K | 102.77K | 13.88K |
| Other Operating Activities | 1.99M | 2.77M | -611.00K | -990.47K | 112.83K | 641.82K |
| Change in Accounts Receivable | 90.00K | -3.03M | 1.76M | 841.91K | -8.24M | -575.54K |
| Change in Inventory | -2.29M | -1.38M | 3.13M | -7.47M | -1.31M | -393.32K |
| Change in Accounts Payable | 86.00K | -76.00K | -862.00K | -216.44K | 1.12M | 30.41K |
| Change in Unearned Revenue | 1.13M | 1.60M | -111.00K | 615.64K | 530.58K | 48.06K |
| Change in Income Taxes | -2.20M | -761.00K | -786.00K | 254.09K | 3.05M | -829.23K |
| Change in Other Net Operating Assets | -369.00K | -700.00K | 621.00K | 62.70K | -214.64K | 143.45K |
| Operating Cash Flow | 27.15M | 24.95M | 25.62M | 13.47M | 10.04M | 11.26M |
| Capital Expenditures | -1.01M | -7.76M | -8.01M | -7.44M | -823.02K | -482.32K |
| Sale (Purchase) of Intangibles | -528.00K | -656.00K | -812.00K | -566.66K | -1.05M | -259.43K |
| Investment in Securities | 500.00K | 1.39M | ||||
| Investing Cash Flow | -1.54M | -8.42M | -8.82M | -8.01M | -1.37M | 648.24K |
| Issuance of Common Stock | 29.00K | 176.74K | 146.71K | 623.24K | ||
| Repurchase of Common Stock | -2.62M | -2.56M | -688.00K | -610.35K | -293.98K | -598.82K |
| Common Dividends Paid | -16.23M | -15.04M | -13.68M | -13.22M | -12.56M | |
| Financing Cash Flow | -18.85M | -17.60M | -14.34M | -13.66M | -12.71M | 24.43K |
| Miscellaneous Cash Flow Adjustments | 1.00K | |||||
| Net Cash Flow | 6.76M | -1.07M | 2.47M | -8.20M | -4.04M | 11.93M |
| Free Cash Flow | 26.14M | 17.18M | 17.62M | 6.02M | 9.22M | 10.78M |
| Free Cash Flow Margin | 29.26% | 20.50% | 24.06% | 9.19% | 17.30% | 25.77% |
| Free Cash Flow Per Share | 2.03 | 1.34 | 1.38 | 0.47 | 0.73 | 0.86 |
| Levered Free Cash Flow | 17.53M | 6.64M | 4.10M | 8.40M | 5.89M | 8.16M |
| Unlevered Free Cash Flow | 17.53M | 6.64M | 4.10M | 8.40M | 5.89M | 8.16M |
| Cash Income Tax Paid | 7.44M | 3.92M | 6.51M | 5.35M | 1.71M | 970.00K |
| Change in Working Capital | -3.55M | -4.34M | 3.75M | -5.91M | -5.06M | -1.58M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.02B | 1.24B | 697.04M | 598.39M | 355.50M | 570.31M |
| Enterprise Value | 952.35M | 1.18B | 645.58M | 553.79M | 302.19M | 513.54M |
| Last Close Price | 79.42 | 96.65 | 53.79 | 45.98 | 26.22 | 41.97 |
| PE Ratio | 42.47 | 55.05 | 36.24 | 34.80 | 27.71 | 61.16 |
| Forward PE | 36.61 | 54.04 | 34.59 | 33.91 | 26.07 | 65.08 |
| PS Ratio | 11.37 | 14.77 | 9.52 | 9.13 | 6.67 | 13.64 |
| PB Ratio | 9.54 | 13.08 | 8.03 | 8.38 | 4.83 | 7.90 |
| P/TBV Ratio | 9.86 | 13.56 | 8.33 | 8.69 | 4.96 | 8.03 |
| P/FCF Ratio | 38.86 | 72.02 | 39.56 | 99.33 | 38.56 | 52.92 |
| P/OCF Ratio | 37.41 | 49.61 | 27.20 | 44.44 | 35.40 | 50.66 |
| PEG Ratio | 3.05 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 |
| EV/Sales Ratio | 10.66 | 14.09 | 8.81 | 8.45 | 5.67 | 12.28 |
| EV/EBITDA Ratio | 31.21 | 43.24 | 28.34 | 26.62 | 18.54 | 45.75 |
| EV/EBIT Ratio | 33.00 | 45.17 | 29.39 | 27.64 | 19.34 | 52.31 |
| EV/FCF Ratio | 36.44 | 68.73 | 36.64 | 91.92 | 32.78 | 47.66 |
| Debt / Equity Ratio | 0.00 | 0.03 | 0.03 | 0.03 | ||
| Debt / EBITDA Ratio | 0.00 | 0.10 | 0.13 | 0.21 | ||
| Debt / FCF Ratio | 0.00 | 0.34 | 0.24 | 0.23 | ||
| Net Debt / Equity Ratio | -0.59 | -0.54 | -0.60 | -0.67 | -0.76 | -0.83 |
| Net Debt / EBITDA Ratio | -2.07 | -1.87 | -2.29 | -2.29 | -3.42 | -5.35 |
| Net Debt / FCF Ratio | -2.42 | -2.98 | -2.96 | -7.92 | -6.05 | -5.57 |
| Asset Turnover | 0.76 | 0.81 | 0.77 | 0.74 | 0.63 | 0.54 |
| Inventory Turnover | 1.74 | 1.77 | 1.46 | 1.69 | 2.49 | 2.37 |
| Quick Ratio | 7.46 | 6.37 | 7.38 | 3.80 | 8.33 | 9.91 |
| Current Ratio | 8.99 | 7.98 | 8.84 | 4.66 | 9.06 | 11.18 |
| Return on Equity (ROE) | 23.42% | 24.78% | 24.31% | 23.70% | 17.59% | 13.96% |
| Return on Assets (ROA) | 15.30% | 15.78% | 14.41% | 14.10% | 11.60% | 7.97% |
| Return on Invested Capital (ROIC) | 51.83% | 53.11% | 59.72% | 76.15% | 82.40% | 76.68% |
| Return on Capital Employed (ROCE) | 26.10% | 26.50% | 24.50% | 26.40% | 20.30% | 12.90% |
| Earnings Yield | 2.35% | 1.82% | 2.76% | 2.87% | 3.61% | 1.64% |
| FCF Yield | 2.57% | 1.39% | 2.53% | 1.01% | 2.59% | 1.89% |
| Dividend Yield | 1.01% | 0.73% | 0.86% | 0.32% | ||
| Payout Ratio | 42.79% | 66.90% | 71.11% | 76.91% | 97.90% | |
| Buyback Yield / Dilution | -0.26% | -0.55% | -0.48% | -0.69% | -0.36% | -1.21% |
| Total Shareholder Return | 0.75% | 0.18% | 0.37% | -0.37% | -0.36% | -1.21% |