iRhythm Holdings, Inc. (IRTC)
iRhythm Technologies, Inc. is a digital healthcare enterprise dedicated to offering portable electrocardiogram (ECG) monitoring solutions to individuals in the United States who face the risk of cardiac arrhythmias. Its primary offering, the Zio service, provides a comprehensive ambulatory cardiac monitoring system. This system ingeniously combines a wireless, patch-based, and wearable biosensor—specifically embodied in products like the Zio XT and AT monitors—with a sophisticated cloud-based data analysis platform. These single-use biosensors precisely record a patient's heartbeats and ECG data, thereby enabling medical professionals to effectively oversee patient heart health and accurately diagnose arrhythmias. Furthermore, iRhythm maintains a strategic development partnership with Verily Life Sciences LLC, focused on pioneering future atrial fibrillation screening, detection, and monitoring innovations. Founded in 2006, the company maintains its corporate headquarters in San Francisco, California.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
iRhythm Technologies, Inc.
NASDAQ:IRTCHealthcare · Medical - Devices
-3.47%$123.37
AH$123.37+0.00%vs close
Mkt Cap$4.07B
Float32.56M
O/S32.96M
Vol
$ Vol
RVOL
Inst Own-
SI9.5%
Earnings
Dilution
Financials Summary
Revenue$747.14M
Net Income-$44.55M
Total Assets$1.02B
Free Cash Flow$34.52M
Debt & Equity
Debt 83%
Equity 17%
Total Debt$731.18M
Total Equity$152.75M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in IRTC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.02B
Liabilities$867.3M
Accounts Receivable$75.71M
Accounts Payable$2.26M
Inventory$21.63M
PP&E (Net)$193.43M
Goodwill$862K
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $747.14M | $591.84M | $492.68M | $410.92M | $322.82M | $265.17M | $214.55M | $147.28M | $99.13M | $64.07M | $36.14M | $21.75M | $15.37M |
| YoY Growth | 26.2% | 20.1% | 19.9% | 27.3% | 21.7% | 23.6% | 45.7% | 48.6% | 54.7% | 77.3% | 66.2% | 41.5% | - |
| Cost of Revenue | $219.89M | $184.31M | $160.88M | $129.29M | $109.26M | $70.28M | $52.48M | $38.8M | $28.2M | $20.88M | $14.7M | $10.59M | $8.85M |
| Gross Profit | $527.25M | $407.53M | $331.81M | $281.63M | $213.57M | $194.89M | $162.07M | $108.48M | $70.93M | $43.19M | $21.44M | $11.16M | $6.52M |
| Gross Margin | 70.6% | 68.9% | 67.3% | 68.5% | 66.2% | 73.5% | 75.5% | 73.7% | 71.5% | 67.4% | 59.3% | 51.3% | 42.4% |
| Research and Development | $84.61M | $103.83M | $60.24M | $46.61M | $38.67M | $41.33M | $37.3M | $20.86M | $13.27M | $7.15M | $6.35M | $5.7M | $3.66M |
| Selling, General, and Administrative | $479.45M | $418.56M | $385.64M | $322.2M | $274.84M | $197.23M | $179.52M | $133.31M | $85.25M | $51.62M | $36.72M | $20.23M | $14.04M |
| Other | $0 | $641K | $11.08M | $26.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $564.06M | $523.04M | $456.97M | $395.42M | $313.51M | $238.56M | $216.82M | $154.17M | $98.52M | $58.77M | $43.07M | $25.92M | $18.43M |
| Operating Income (EBIT) | -$36.81M | -$115.5M | -$125.16M | -$113.78M | -$99.94M | -$43.67M | -$54.76M | -$45.69M | -$27.59M | -$15.58M | -$21.63M | -$14.77M | -$11.18M |
| Operating Margin | -4.9% | -19.5% | -25.4% | -27.7% | -31.0% | -16.5% | -25.5% | -31.0% | -27.8% | -24.3% | -59.9% | -67.9% | -72.7% |
| Interest Expense | $13.15M | $12.82M | $3.65M | $4.14M | $1.17M | $1.52M | $1.64M | $3.12M | $3.39M | $3.25M | $1.06M | $774K | $0 |
| Interest Income | $21.52M | $21.94M | $6.16M | $2.35M | $118K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.68M |
| Other Income (Expense) | -$6.79M | $2.78M | $2.5M | -$2.1M | -$1.05M | $72K | $252K | -$4.64M | -$2.15M | -$5.32M | -$1.17M | -$1.07M | -$2.41M |
| Income Before Tax (EBT) | -$43.6M | -$112.72M | -$122.66M | -$115.89M | -$100.99M | -$43.6M | -$54.5M | -$50.33M | -$29.74M | -$20.9M | -$22.8M | -$15.83M | -$13.59M |
| Income Tax Expense | $953K | $565K | $750K | $269K | $367K | $229K | $65K | $44K | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$44.55M | -$113.29M | -$123.41M | -$116.16M | -$101.36M | -$43.83M | -$54.57M | -$50.38M | -$29.74M | -$20.9M | -$22.8M | -$15.83M | -$13.59M |
| Net Income Margin | -6.0% | -19.1% | -25.0% | -28.3% | -31.4% | -16.5% | -25.4% | -34.2% | -30.0% | -32.6% | -63.1% | -72.8% | -88.4% |
| Supplementary Data | |||||||||||||
| EPS | -1.39 | -3.63 | -4.04 | -3.88 | -3.46 | -1.58 | -2.16 | -2.02 | -1.30 | -3.95 | -1.54 | -1.07 | -10.69 |
| Diluted EPS | -1.39 | -3.63 | -4.04 | -3.88 | -3.46 | -1.58 | -2.16 | -2.02 | -1.30 | -3.95 | -1.54 | -1.07 | -10.69 |
| Weighted Average OS | 32.00M | 31.20M | 30.53M | 29.92M | 29.33M | 27.75M | 25.27M | 23.89M | 22.63M | 5.29M | 14.77M | 14.77M | 1.27M |
| EBITDA | -$3.96M | -$74.13M | -$96.86M | -$92.14M | -$83.23M | -$29.15M | -$49.41M | -$44.95M | -$24.76M | -$17.09M | -$21.25M | -$14.82M | -$11.03M |
| EBITDA Margin | -0.5% | -12.5% | -19.7% | -22.4% | -25.8% | -11.0% | -23.0% | -30.5% | -25.0% | -26.7% | -58.8% | -68.1% | -71.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $236.01M | $419.6M | $36.17M | $78.83M | $127.56M | $88.63M | $20.46M | $20.02M | $8.67M | $51.64M | $25.21M | $8.62M | $7.1M |
| Short-Term Investments | $347.75M | $115.96M | $97.59M | $134.31M | $111.57M | $246.59M | $120.09M | $58.32M | $93.69M | $54.41M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $583.76M | $535.55M | $133.76M | $213.14M | $239.13M | $335.22M | $140.55M | $78.34M | $102.36M | $106.05M | $25.21M | $8.62M | $7.1M |
| Accounts Receivable | $75.71M | $79.94M | $61.48M | $49.92M | $46.43M | $29.93M | $23.87M | $19.79M | $12.95M | $9.41M | $5.58M | $5.85M | $3.69M |
| Inventory | $21.63M | $14.04M | $13.97M | $15.15M | $10.27M | $5.31M | $4.04M | $2.06M | $1.68M | $1.39M | $1.15M | $818K | $747K |
| Other Current Assets | $21.66M | $16.29M | $21.59M | $10.55M | $9.69M | $7.36M | $4.34M | $4.1M | $2.58M | $91K | $91K | $0 | $0 |
| Total Current Assets | $702.76M | $645.82M | $230.81M | $288.77M | $305.52M | $377.82M | $172.79M | $106.48M | $119.58M | $118.61M | $32.83M | $15.53M | $11.74M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $193.43M | $172.66M | $153.43M | $136.34M | $140.53M | $118.96M | $116.59M | $9.16M | $6.22M | $4.65M | $2.04M | $751K | $403K |
| Goodwill | $862K | $862K | $862K | $862K | $862K | $862K | $862K | $862K | $862K | $862K | $862K | $862K | $862K |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $69.91M | $61.9M | $3M | $0 | $0 | $0 | $8.03M | $0 | $2.99M | $10.98M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $53.08M | $50.21M | $45.04M | $22.25M | $16.05M | $14.09M | $7.94M | $3.21M | $3.46M | $3.05M | $2.15M | $1.36M | $255K |
| Total Long-Term Assets | $317.28M | $285.63M | $202.33M | $159.45M | $157.44M | $133.91M | $133.42M | $13.23M | $13.54M | $19.55M | $5.04M | $2.98M | $1.52M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.02B | $931.45M | $433.14M | $448.22M | $462.97M | $511.74M | $306.21M | $119.71M | $133.12M | $138.16M | $37.87M | $18.51M | $13.26M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $2.26M | $7.22M | $5.54M | $7.52M | $10.51M | $4.37M | $8.24M | $2.28M | $2.4M | $2.1M | $1.46M | $1.2M | $494K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $11.67M | $11.67M | $1.94M | $0 | $1.49M | $0 | $0 | $0 | $1.63M |
| Current Income Tax Payable | $0 | $4.01M | $2.88M | $2.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $4.2M | $2.93M | $3.31M | $3.05M | $3.05M | $930K | $1.25M | $1.24M | $1.24M | $947K | $506K | $0 | $0 |
| Other Current Liabilities | $662K | $585K | $1.04M | $18.7M | $1M | $13.96M | $9.75M | $5.81M | $1.38M | $257K | $0 | $421K | $28K |
| Total Current Liabilities | $151.89M | $110.92M | $107.37M | $89.1M | $87.85M | $65.67M | $52.07M | $30.24M | $20.92M | $13.21M | $8.78M | $4.86M | $4.26M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $649.5M | $646.44M | $34.95M | $34.94M | $9.69M | $21.34M | $32.99M | $34.9M | $32.49M | $32.23M | $30.55M | $6.25M | $4.21M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $908K | $8.58M | $1.01M | $1.31M | $697K | $1.83M | $0 | $153K | $161K | $152K | $100.17M | $130K | $190K |
| Total Long-Term Liabilities | $715.41M | $729.62M | $115.68M | $119.31M | $95.6M | $104.46M | $118.74M | $35.05M | $32.65M | $32.38M | $130.72M | $6.38M | $4.4M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $867.3M | $840.54M | $223.05M | $208.41M | $183.45M | $170.13M | $170.8M | $65.29M | $53.57M | $45.59M | $139.5M | $11.24M | $8.66M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100.05M | $87.81M | $70.19M |
| Common Stock | $32K | $31K | $31K | $28K | $27K | $27K | $25K | $23K | $23K | $22K | $1K | $8K | $8K |
| Retained Earnings | -$803.45M | -$758.89M | -$645.61M | -$522.2M | -$406.05M | -$304.68M | -$260.39M | -$203.51M | -$156.59M | -$127.17M | -$106.27M | -$83.47M | -$67.64M |
| Comprehensive Income & Other | $403K | $165K | -$112K | -$396K | -$61K | $11K | $82K | -$41K | -$65K | -$9K | -$1.08M | $0 | $0 |
| Other Stockholders' Equity | $956.16M | $849.77M | $855.67M | $761.98M | $685.53M | $646.27M | $395.78M | $257.91M | $236.12M | $219.71M | $4.64M | $90.72M | $72.23M |
| Total Equity | $152.75M | $90.91M | $210.1M | $239.81M | $279.51M | $341.61M | $135.41M | $54.42M | $79.55M | $92.56M | -$101.62M | $7.26M | $4.6M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.02B | $931.45M | $433.14M | $448.22M | $462.97M | $511.74M | $306.21M | $119.71M | $133.12M | $138.16M | $37.87M | $18.51M | $13.26M |
| Supplementary Data | |||||||||||||
| Total Debt | $731.18M | $736.91M | $129.82M | $131.04M | $117.71M | $122.47M | $128.59M | $34.9M | $33.98M | $32.23M | $30.55M | $6.25M | $5.84M |
| Net Debt | $495.17M | $317.31M | $93.65M | $52.21M | -$9.85M | $33.84M | $108.13M | $14.88M | $25.31M | -$19.42M | $5.34M | -$2.36M | -$1.26M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | -$44.55M | -$113.29M | -$123.41M | -$116.16M | -$101.36M | -$43.83M | -$54.57M | -$48.28M | -$29.42M | -$20.9M | -$22.8M | -$15.83M | -$13.59M |
| Depreciation & Amortization | $26.48M | $25.78M | $22.14M | $19.61M | $16.59M | $12.93M | $3.44M | $2.27M | $1.6M | $568K | $492K | $242K | $150K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $31.86M | $23.76M | $17.41M | $9.06M | $4.69M | $10K | $408K | $0 |
| Stock-Based Compensation | $88.28M | $75.98M | $77.2M | $57.74M | $54.53M | $41.52M | $26.24M | $16.33M | $10.12M | $1.87M | $1.41M | $828K | $772K |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$95.43M | -$91.92M | -$81.19M | -$61.84M | -$53.57M | -$37.96M | -$28.73M | -$22.89M | -$12.95M | -$8.52M | -$626K | -$2.56M | -$1.1M |
| Inventory | -$8.51M | -$224K | $979K | -$5.11M | -$4.96M | -$1.39M | -$1.97M | -$380K | -$293K | -$245K | -$327K | -$71K | $249K |
| Accounts Payable | $28.04M | $0 | -$1.97M | -$2.99M | $6.13M | -$3.88M | $5.6M | -$192K | $634K | $305K | $132K | $703K | $0 |
| Other Working Capital | -$15.8M | -$6.97M | -$19.86M | $4.43M | $6.17M | -$13.01M | -$4.64M | $9.59M | $4.53M | $1.72M | $3.48M | $259K | $144K |
| Total Working Capital Change | -$91.7M | -$99.12M | -$102.05M | -$65.51M | -$46.23M | -$56.23M | -$29.73M | -$13.87M | -$8.08M | -$6.73M | $2.65M | -$1.67M | -$712K |
| Other Non-Cash Items | $102.35M | $114.04M | $76M | $81.3M | $38.72M | $0 | $8.99M | -$2.93M | $1.81M | $3.85M | $227K | $402K | $1.53M |
| Net Cash from Operating | $80.86M | $3.39M | -$50.1M | -$23.01M | -$37.75M | -$13.76M | -$21.86M | -$29.07M | -$14.91M | -$16.65M | -$18M | -$15.63M | -$11.85M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$46.34M | -$33.94M | -$40.42M | -$29.83M | -$28.07M | -$13.55M | -$20.46M | -$5.18M | -$3.56M | -$2.76M | -$1.79M | -$539K | -$452K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $118.84M | $68.82M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$468.41M | -$175.24M | -$167.28M | -$188.57M | -$122.18M | -$277.51M | -$165.91M | -$93.16M | -$129.83M | -$65.4M | $0 | $0 | $0 |
| Sales of Investments | $237.7M | $101.2M | $206.5M | $165.97M | $255.51M | $158.67M | $97.1M | $132.46M | $98.71M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$15M | $0 | $0 | $0 | -$118.84M | -$68.82M | $39.32M | $91K | -$65.4M | $0 | $0 | $0 |
| Net Cash from Investing | -$277.06M | -$122.98M | -$1.21M | -$52.43M | $105.26M | -$132.39M | -$89.27M | $34.12M | -$34.59M | -$68.17M | -$1.79M | -$539K | -$452K |
| Financing Activities | |||||||||||||
| Debt Repaid | - | -$619.84M | - | -$13.53M | $11.67M | $1.94M | - | -$3.5M | - | - | -$24.11M | -$405K | -$2.15M |
| Common Stock Issuance | $12.61M | $8.47M | $0 | $0 | $8.94M | $206.03M | $107.37M | $9.32M | $6.39M | $114.44M | $309K | $0 | $0 |
| Common Stock Repurchases | $0 | -$25M | $0 | $0 | $0 | $0 | $0 | -$3.88M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$91.93M | $8.82M | $13.18M | -$25.85M | $10.23M | $4.21M | $2.8M | $142K | -$3.18M | $12.27M | $50K | $12.39M |
| Net Cash from Financing | $12.61M | $511.38M | $8.82M | $26.72M | -$28.58M | $214.32M | $111.58M | $6.3M | $6.53M | $111.25M | $36.38M | $17.68M | $14.53M |
| Forex Effect | $1K | -$6K | -$169K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$183.59M | $391.78M | -$42.66M | -$48.73M | $38.93M | $68.17M | $439K | $11.35M | -$42.97M | $26.43M | $16.59M | $1.52M | $2.23M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $80.86M | $3.39M | -$50.1M | -$23.01M | -$37.75M | -$13.76M | -$21.86M | -$29.07M | -$14.91M | -$16.65M | -$18M | -$15.63M | -$11.85M |
| Capital Expenditure | -$46.34M | -$48.94M | -$40.42M | -$29.83M | -$28.07M | -$13.55M | -$20.46M | -$5.18M | -$3.56M | -$2.76M | -$1.79M | -$539K | -$452K |
| Free Cash Flow | $34.52M | -$45.55M | -$90.53M | -$52.84M | -$65.82M | -$27.31M | -$42.32M | -$34.25M | -$18.47M | -$19.41M | -$19.79M | -$16.16M | -$12.3M |
| Cash at Beginning | $419.6M | $36.17M | $78.83M | $127.56M | $88.63M | $20.46M | $20.02M | $8.67M | $51.64M | $25.21M | $8.62M | $7.1M | $4.87M |
| Cash at End | $236.01M | $427.95M | $36.17M | $78.83M | $127.56M | $88.63M | $20.46M | $20.02M | $8.67M | $51.64M | $25.21M | $8.62M | $7.1M |