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iRhythm(NASDAQ) IRTC

Market Cap$3.80BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2016)+349%
5 Year+175%
1 Year-27%
1 Month+4%
$115.08
-1.57%
-1.84Today
After hours$115.28+$0.20 (+0.17%)
iRhythm last closing stock price
MetricPriceDate
Last closeUSD 115.242026-08-18
iRhythm stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-5.44%USD 121.872026-08-11
1 month+3.93%USD 110.882026-07-17
3 month-1.5%USD 117.002026-05-20
Year to date-35.05%USD 177.442025-12-31
1 year-27.03%USD 157.932025-08-18
3 year+4.72%USD 110.052023-08-18
5 year+174.97%USD 41.912021-08-19
Since inception+348.83%USD 26.052016-10-20

iRhythm Financials at a Glance

Market Cap

$3.80BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$825.34M

Net Income (TTM)

-$13.95M

EPS (TTM)

-$0.43

P/E Ratio

-265.04

Dividend

$0.00

Beta (Volatility)

1.24 (Average)

Price

$115.08

Volume

570,576.598

Open

$116.97

Previous Close

$115.24

Daily Range

$114.95 - $120.34

52-Week Range

$100.85 - $212.00

Estimated Earnings Date

Oct 29, 2026

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About iRhythm

iRhythm Holdings, Inc. tracks heartbeats to find irregular rhythms. Patients wear a small patch that records their heart data. Computers in the cloud analyze this data for doctors.

Who Pays for Services?

  • Contracted Third-Party Payors: Insurance companies with pre-negotiated rates for monitoring services; accounts for 52% of revenue.
  • Centers for Medicare & Medicaid Services: Government-funded health coverage for elderly and disabled patients; represents 26% of revenue.
  • Healthcare Institutions: Direct sales of monitoring services to hospitals and private clinics; makes up 16% of revenue.
  • Non-Contracted Third-Party Payors: Insurance providers without formal pricing agreements; contributes 6% of revenue.

New Tech and New Deals

  • Acquired a technology license from BioIS on Aug. 30, 2024, to develop blood pressure and sleep apnea features.
  • Terminated a development partnership with Verily Life Sciences in August 2025.
  • Settled long-standing patent litigation with Baxter and its subsidiaries for $50 million on July 31, 2026.
  • Entered a definitive agreement on Aug. 5, 2026, to acquire VitalConnect for $237.5 million in cash and $50 million in stock.

What Makes the Tech Unique?

The company uses a cloud-based platform to curate over 3 billion hours of heartbeat data for medical reports. Operating through independent diagnostic testing facilities allows the firm to provide full-service monitoring directly to clinicians.

Performance by the Numbers

  • Net revenue rose 23% year over year to $423.6 million for the six-month period ended June 30, 2026.
  • Gross profit reached $304.6 million for the six-month period ended June 30, 2026, up 26% year over year.
  • Net loss was $14.3 million for the six-month period ended June 30, 2026, down 68% year over year.
  • Cash provided by operating activities was $24.9 million for the six-month period ended June 30, 2026.

Bottom Line

iRhythm has transitioned from a single-product provider to an integrated digital health platform with a clinical data set. The company is currently expanding its diagnostic reach through acquisitions and licenses for new biosensor technologies.

AI Generated • Aug 7, 2026

Industry

Healthcare Equipment and Supplies

Employees

2,400

CEO

Quentin S. Blackford, CPA

Headquarters

San Francisco, CA 94103, US

IRTC Financials

Key Financial Metrics (TTM)

Gross Margin

71.45%

Operating Margin

-1.17%

Net Income Margin

-1.69%

Return on Equity

-8.97%

Return on Capital

-4.16%

Return on Assets

-1.28%

Earnings Yield

-0.38%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$3.80BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

32.96M

Volume

570.58K

Avg. Volume

612.12K

Financials (TTM)

Gross Profit

$589.74M

Operating Income

-$9.63M

EBITDA

$20.10M

Operating Cash Flow

$86.00M

Capital Expenditure

-$47.02M

Free Cash Flow

$38.98M

Cash & ST Invst.

$591.27M

Total Debt

$727.35M

iRhythm Performance Analysis

iRhythm annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 410,921,00027.3%
20232023-12-31USD 492,681,00019.9%
20242024-12-31USD 591,839,00020.1%
20252025-12-31USD 747,138,00026.2%
iRhythm sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-303.3%
Q42025-12-318.3%
Q12026-03-31-4.5%
Q22026-06-3012.4%
iRhythm annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -3.8812.4%
20232023-12-31USD -4.044.1%
20242024-12-31USD -3.63-10.2%
20252025-12-31USD -1.39-61.7%
iRhythm sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3063.6%
Q42025-12-31206.3%
Q12026-03-31-352.9%
Q22026-06-3097.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$224.17M

+20.1%

Gross Profit

$163.21M

+22.8%

Gross Margin

72.80%

N/A

Market Cap

$3.80BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.58M

N/A

Employees

2,400

N/A

Net Income

-$381.00K

+97.3%

EBITDA

$2.91M

+163.4%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$591.27M

+8.4%

Total Debt

$727.35M

-1.0%

Accounts Receivable

$84.27M

+2.6%

Inventory

$22.51M

+22.4%

Long Term Debt

$710.44M

-1.1%

Short Term Debt

$18.42M

+12.6%

Return on Assets

-1.28%

N/A

Return on Invested Capital

-1.07%

N/A

Free Cash Flow

$37.52M

+117.0%

Operating Cash Flow

$51.08M

+84.7%

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Questions About IRTC

What is the current price of iRhythm?

iRhythm is trading at $115.24 per share.

What is the 52-week range for iRhythm?

Over the past 52 weeks, iRhythm has traded between $100.85 and $212.00.

How much debt does iRhythm have?

As of the most recent reporting period, iRhythm reported total debt of $727.35M.

How much cash does iRhythm have on hand?

iRhythm reported $246.68M in cash and cash equivalents in its most recent financial results.

What is iRhythm’s dividend yield?

iRhythm does not currently have a dividend yield.

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