NASDAQ : IRTC
iRhythm Holdings, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 123.37 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.07B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
iRhythm Holdings, Inc. (IRTC) reported revenue of 825.34M 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 | 825.34M | 747.14M | 591.84M | 492.68M | 410.92M | 322.82M |
| Cost of Revenue | 235.60M | 219.89M | 184.31M | 160.88M | 129.29M | 109.26M |
| Gross Profit | 589.74M | 527.25M | 407.53M | 331.81M | 281.63M | 213.57M |
| Selling, General & Admin | 495.75M | 479.45M | 407.49M | 369.78M | 317.12M | 274.84M |
| Research & Development | 83.28M | 84.61M | 71.46M | 60.24M | 46.61M | 38.67M |
| Operating Expenses | 579.03M | 564.06M | 478.95M | 430.02M | 363.73M | 313.51M |
| Operating Income | 10.70M | -36.81M | -71.42M | -98.22M | -82.09M | -99.94M |
| Interest Expense | -13.19M | -13.15M | -12.82M | -3.65M | -4.14M | -1.17M |
| Interest & Investment Income | 20.94M | 21.52M | 21.94M | 6.35M | 2.35M | 249.00K |
| Currency Exchange Gain (Loss) | -131.00K | |||||
| Other Non Operating Income (Expenses) | -840.00K | -269.00K | -649.00K | -198.00K | -314.00K | |
| EBT Excluding Unusual Items | 17.61M | -28.71M | -62.95M | -95.71M | -84.20M | -100.99M |
| Merger & Restructuring Charges | -3.11M | -3.03M | -11.07M | -15.87M | -8.53M | |
| Gain (Loss) on Sale of Investments | 4.99M | 5.71M | 1.90M | |||
| Asset Writedown | -1.98M | -4.46M | -641.00K | -11.08M | -23.16M | |
| Legal Settlements | -28.85M | -10.07M | ||||
| Other Unusual Items | -7.59M | |||||
| Pretax Income | -12.98M | -43.60M | -112.72M | -122.66M | -115.89M | -100.99M |
| Income Tax Expense | 971.00K | 953.00K | 565.00K | 750.00K | 269.00K | 367.00K |
| Net Income | -13.95M | -44.55M | -113.29M | -123.41M | -116.16M | -101.36M |
| Net Income to Common | -13.95M | -44.55M | -113.29M | -123.41M | -116.16M | -101.36M |
| Shares Outstanding (Basic) | 32.46M | 32.00M | 31.20M | 30.53M | 29.92M | 29.33M |
| Shares Outstanding (Diluted) | 32.46M | 32.00M | 31.20M | 30.53M | 29.92M | 29.33M |
| EPS (Basic) | -0.43 | -1.39 | -3.63 | -4.04 | -3.88 | -3.46 |
| EPS (Diluted) | -0.43 | -1.39 | -3.63 | -4.04 | -3.88 | -3.46 |
| Free Cash Flow | 38.98M | 34.52M | -30.55M | -90.53M | -52.84M | -65.82M |
| Free Cash Flow Per Share | 1.20 | 1.08 | -0.98 | -2.96 | -1.77 | -2.24 |
| Gross Margin | 71.45% | 70.57% | 68.86% | 67.35% | 68.54% | 66.16% |
| Operating Margin | 1.30% | -4.93% | -12.07% | -19.93% | -19.98% | -30.96% |
| Profit Margin | -1.69% | -5.96% | -19.14% | -25.05% | -28.27% | -31.40% |
| Free Cash Flow Margin | 4.72% | 4.62% | -5.16% | -18.37% | -12.86% | -20.39% |
| EBITDA | 17.70M | -30.57M | -65.61M | -94.07M | -78.49M | -96.70M |
| EBITDA Margin | 2.14% | -4.09% | -11.09% | -19.09% | -19.10% | -29.95% |
| D&A For EBITDA | 6.99M | 6.24M | 5.82M | 4.15M | 3.60M | 3.24M |
| EBIT | 10.70M | -36.81M | -71.42M | -98.22M | -82.09M | -99.94M |
| EBIT Margin | 1.30% | -4.93% | -12.07% | -19.93% | -19.98% | -30.96% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 246.68M | 236.01M | 419.60M | 36.17M | 78.83M | 127.56M |
| Short-Term Investments | 344.60M | 347.75M | 115.96M | 97.59M | 134.31M | 111.57M |
| Cash & Short-Term Investments | 591.27M | 583.76M | 535.55M | 133.76M | 213.14M | 239.13M |
| Receivables | 125.07M | 75.71M | 79.94M | 61.48M | 49.92M | 46.43M |
| Inventory | 22.51M | 21.63M | 14.04M | 13.97M | 15.15M | 10.27M |
| Prepaid Expenses | 13.38M | 21.66M | 16.29M | 21.59M | 10.55M | 9.69M |
| Total Current Assets | 755.95M | 702.76M | 645.82M | 230.81M | 288.77M | 305.52M |
| Property, Plant & Equipment | 204.10M | 193.43M | 172.66M | 153.43M | 136.34M | 140.53M |
| Long-Term Investments | 73.68M | 69.91M | 61.90M | 3.00M | ||
| Goodwill | 862.00K | 862.00K | 862.00K | 862.00K | 862.00K | 862.00K |
| Long-Term Deferred Charges | 4.54M | 4.00M | 5.23M | 4.96M | 2.52M | |
| Other Long-Term Assets | 54.28M | 49.08M | 44.98M | 40.08M | 19.73M | 16.05M |
| Total Assets | 1.09B | 1.02B | 931.45M | 433.14M | 448.22M | 462.97M |
| Accounts Payable | 17.41M | 2.26M | 7.22M | 5.54M | 7.52M | 10.51M |
| Accrued Expenses | 89.73M | 104.98M | 69.18M | 75.91M | 58.65M | 47.75M |
| Current Portion of Long-Term Debt | 11.67M | |||||
| Current Portion of Leases | 16.91M | 16.69M | 15.87M | 15.16M | 13.03M | 11.14M |
| Current Income Taxes Payable | 1.51M | 1.82M | 4.01M | 2.88M | 2.39M | 745.00K |
| Current Unearned Revenue | 4.21M | 4.20M | 2.93M | 3.31M | 3.05M | 3.05M |
| Other Current Liabilities | 66.32M | 21.95M | 11.71M | 4.58M | 4.46M | 2.99M |
| Total Current Liabilities | 196.10M | 151.89M | 110.92M | 107.37M | 89.10M | 87.85M |
| Long-Term Debt | 651.10M | 649.50M | 646.44M | 34.95M | 34.94M | 9.69M |
| Long-Term Leases | 59.34M | 64.99M | 74.60M | 79.72M | 83.07M | 85.21M |
| Other Long-Term Liabilities | 908.00K | 908.00K | 8.58M | 1.01M | 1.31M | 697.00K |
| Total Liabilities | 907.44M | 867.30M | 840.54M | 223.05M | 208.41M | 183.45M |
| Common Stock | 33.00K | 32.00K | 31.00K | 31.00K | 28.00K | 27.00K |
| Additional Paid-In Capital | 1.03B | 980.76M | 874.61M | 855.78M | 762.38M | 685.59M |
| Retained Earnings | -817.76M | -803.45M | -758.89M | -645.61M | -522.20M | -406.05M |
| Treasury Stock | -25.00M | -25.00M | -25.00M | |||
| Comprehensive Income & Other | -188.00K | 403.00K | 165.00K | -112.00K | -396.00K | -61.00K |
| Total Common Equity | 185.98M | 152.75M | 90.91M | 210.10M | 239.81M | 279.51M |
| Shareholders' Equity | 185.98M | 152.75M | 90.91M | 210.10M | 239.81M | 279.51M |
| Total Liabilities & Equity | 1.09B | 1.02B | 931.45M | 433.14M | 448.22M | 462.97M |
| Total Debt | 727.35M | 731.18M | 736.91M | 129.82M | 131.04M | 117.71M |
| Net Cash (Debt) | -136.07M | -147.42M | -201.36M | 3.94M | 82.11M | 121.42M |
| Net Cash Per Share | -4.19 | -4.61 | -6.45 | 0.13 | 2.74 | 4.14 |
| Filing Date Shares Outstanding | 32.96M | 32.32M | 31.41M | 30.98M | 30.22M | 29.51M |
| Total Common Shares Outstanding | 32.94M | 32.30M | 31.39M | 30.95M | 30.19M | 29.49M |
| Working Capital | 559.86M | 550.88M | 534.90M | 123.44M | 199.68M | 217.67M |
| Book Value Per Share | 5.65 | 4.73 | 2.90 | 6.79 | 7.94 | 9.48 |
| Tangible Book Value | 185.12M | 151.88M | 90.05M | 209.24M | 238.95M | 278.65M |
| Tangible Book Value Per Share | 5.62 | 4.70 | 2.87 | 6.76 | 7.91 | 9.45 |
| Machinery | 27.69M | 26.04M | 18.09M | 13.93M | 11.35M | 9.63M |
| Construction In Progress | 6.89M | 7.07M | 10.64M | 10.12M | 3.45M | 1.95M |
| Leasehold Improvements | 28.97M | 28.98M | 27.12M | 24.89M | 23.14M | 20.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -13.95M | -44.55M | -113.29M | -123.41M | -116.16M | -101.36M |
| Depreciation & Amortization | 12.95M | 11.98M | 10.88M | 9.94M | 9.81M | 9.99M |
| Other Amortization | 16.79M | 17.56M | 17.70M | 12.21M | 9.84M | 6.60M |
| Asset Writedown & Restructuring Costs | 580.00K | 4.46M | 641.00K | 11.08M | 23.16M | |
| Loss (Gain) From Sale of Investments | -8.35M | -8.84M | -3.25M | -5.04M | -474.00K | 1.64M |
| Stock-Based Compensation | 83.64M | 88.28M | 75.98M | 77.20M | 57.74M | 54.53M |
| Provision & Write-off of Bad Debts | 102.38M | 99.67M | 73.46M | 69.63M | 58.35M | 37.07M |
| Other Operating Activities | 4.02M | 4.00M | 40.39M | 322.00K | 220.00K | |
| Change in Accounts Receivable | -104.50M | -95.43M | -91.92M | -81.19M | -61.84M | -53.57M |
| Change in Inventory | -5.16M | -8.51M | -224.00K | 979.00K | -5.11M | -4.96M |
| Change in Accounts Payable | 55.62M | 28.04M | -7.41M | 17.32M | 11.48M | 6.13M |
| Change in Unearned Revenue | 706.00K | 1.27M | -374.00K | 255.00K | 2.00K | 2.12M |
| Change in Other Net Operating Assets | -58.72M | -17.07M | 810.00K | -39.41M | -10.05M | 4.05M |
| Operating Cash Flow | 86.00M | 80.86M | 3.39M | -50.10M | -23.01M | -37.75M |
| Capital Expenditures | -47.02M | -46.34M | -33.94M | -40.42M | -29.83M | -28.07M |
| Sale (Purchase) of Intangibles | -15.00M | |||||
| Investment in Securities | -109.40M | -230.71M | -74.04M | 39.22M | -22.60M | 133.33M |
| Investing Cash Flow | -156.43M | -277.06M | -122.98M | -1.21M | -52.43M | 105.26M |
| Long-Term Debt Issued | 736.25M | 35.00M | ||||
| Long-Term Debt Repaid | -116.41M | -21.47M | -11.67M | |||
| Net Debt Issued (Repaid) | -3.00K | 619.84M | 13.53M | -11.67M | ||
| Issuance of Common Stock | 8.02M | 12.61M | 8.47M | 8.82M | 13.18M | 8.94M |
| Repurchase of Common Stock | -25.00M | -25.85M | ||||
| Other Financing Activities | -91.93M | |||||
| Financing Cash Flow | 8.01M | 12.61M | 511.38M | 8.82M | 26.72M | -28.58M |
| Foreign Exchange Rate Adjustments | -16.00K | 1.00K | -6.00K | -169.00K | ||
| Net Cash Flow | -62.43M | -183.59M | 391.78M | -42.66M | -48.73M | 38.93M |
| Free Cash Flow | 38.98M | 34.52M | -30.55M | -90.53M | -52.84M | -65.82M |
| Free Cash Flow Margin | 4.72% | 4.62% | -5.16% | -18.37% | -12.86% | -20.39% |
| Free Cash Flow Per Share | 1.20 | 1.08 | -0.98 | -2.96 | -1.77 | -2.24 |
| Levered Free Cash Flow | 81.83M | 71.67M | -7.42M | -10.00M | -4.55M | -24.71M |
| Unlevered Free Cash Flow | 86.98M | 76.83M | -2.20M | -7.74M | -2.01M | -23.98M |
| Cash Interest Paid | 9.92M | 9.92M | 6.39M | 2.96M | 3.32M | 1.19M |
| Cash Income Tax Paid | 949.00K | 1.20M | 923.00K | 1.13M | 287.00K | |
| Change in Working Capital | -112.06M | -91.70M | -99.12M | -102.05M | -65.51M | -46.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.16B | 5.72B | 2.82B | 3.28B | 2.82B | 3.46B |
| Enterprise Value | 4.30B | 5.88B | 3.04B | 3.25B | 2.75B | 3.33B |
| Last Close Price | 123.37 | 177.44 | 90.17 | 107.04 | 93.67 | 117.69 |
| PS Ratio | 5.08 | 7.65 | 4.77 | 6.66 | 6.86 | 10.73 |
| PB Ratio | 21.85 | 37.43 | 31.04 | 15.62 | 11.76 | 12.39 |
| P/TBV Ratio | 22.65 | 37.64 | 31.34 | 15.68 | 11.80 | 12.43 |
| P/FCF Ratio | 107.59 | 165.61 | ||||
| P/OCF Ratio | 48.76 | 70.70 | 832.49 | |||
| EV/Sales Ratio | 5.25 | 7.88 | 5.13 | 6.61 | 6.68 | 10.31 |
| EV/FCF Ratio | 111.08 | 170.47 | ||||
| Debt / Equity Ratio | 3.91 | 4.79 | 8.11 | 0.62 | 0.55 | 0.42 |
| Debt / FCF Ratio | 18.66 | 21.18 | ||||
| Net Debt / Equity Ratio | 0.73 | 0.96 | 2.21 | -0.02 | -0.34 | -0.43 |
| Net Debt / EBITDA Ratio | 7.69 | -4.82 | -3.07 | 0.04 | 1.05 | 1.26 |
| Net Debt / FCF Ratio | 3.49 | 4.27 | -6.59 | 0.04 | 1.55 | 1.84 |
| Asset Turnover | 0.80 | 0.77 | 0.87 | 1.12 | 0.90 | 0.66 |
| Inventory Turnover | 11.52 | 12.33 | 13.16 | 11.05 | 10.17 | 14.03 |
| Quick Ratio | 3.65 | 4.34 | 5.55 | 1.82 | 2.95 | 3.25 |
| Current Ratio | 3.85 | 4.63 | 5.82 | 2.15 | 3.24 | 3.48 |
| Return on Equity (ROE) | -9.63% | -36.57% | -75.27% | -54.86% | -44.73% | -32.64% |
| Return on Assets (ROA) | 0.65% | -2.36% | -6.54% | -13.93% | -11.26% | -12.82% |
| Return on Capital Employed (ROCE) | 1.20% | -4.20% | -8.70% | -30.10% | -22.90% | -26.60% |
| Earnings Yield | -0.34% | -0.78% | -4.01% | -3.76% | -4.12% | -2.93% |
| FCF Yield | 0.93% | 0.60% | -1.08% | -2.76% | -1.87% | -1.90% |
| Buyback Yield / Dilution | -2.89% | -2.59% | -2.19% | -2.05% | -1.99% | -5.68% |