What is iRhythm Holdings, Inc.'s CMS — revenue, net?

iRhythm Holdings, Inc. (IRTC) reported CMS — revenue, net of $58.55M in Q2 2026.

What does CMS — revenue, net mean?

This metric represents the total net revenue generated from services provided to patients covered under Centers for Medicare & Medicaid Services programs. It reflects the company's ability to monetize its diagnostic offerings within the government-funded healthcare sector. Monitoring this figure helps investors assess the company's exposure to public payer reimbursement rates and the scale of its adoption within the Medicare population.

iRhythm Holdings, Inc. (IRTC) CMS — Revenue, net

Screener

Other product segments

Contracted third-party payors

$113.78M+16.4%

Customer A

$37.78M+18.7%

Non-contracted third-party payors

$14.06M+11.1%

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Other financials

Income statement

See full

Revenue$224.2M+20.1%

Gross profit$163.2M+22.8%

Operating income-$2.5M+86.4%

Net income-$381.0K+97.3%

EPS (diluted)-$0.01+97.7%

Balance sheet

See full

Cash & equivalents$255.0M-19.7%

Total debt$76.3M-12.1%

Total equity$186.0M+79.4%

Total assets$1.1B+13.4%

Cash flow

See full

Operating cash flow$51.1M+84.7%

CapEx$13.6M+30.8%

Free cash flow$37.5M+117%

Valuation

See full

Market cap$4.21B-16.0%

Enterprise value$4.03B-15.7%

P/S5.1×-2.5×

Profitability

See full

Gross margin71.5%+1.7pp

Operating margin-3.3%-1.5pp

Net margin-7.3%-3.1pp

FCF margin4.7%—

Returns & leverage

See full

Return on equity-53.1%-17.4pp

Debt / equity0.4×-0.4×

Current ratio3.9×-1.2×

Where this comes from

Reported directly by iRhythm Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: iRhythm Holdings, Inc.’s 10-Q, filed August 6, 2026.

Filed: Aug 6, 2026, 5:21 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001388658-26-000072

Line item	Three Months Ended June 30, 2026 / Amount	Three Months Ended June 30, 2026 / % of Revenue	Three Months Ended June 30, 2025 / Amount	Three Months Ended June 30, 2025 / % of Revenue	Six Months Ended June 30, 2026 / Amount	Six Months Ended June 30, 2026 / % of Revenue	Six Months Ended June 30, 2025 / Amount	Six Months Ended June 30, 2025 / % of Revenue
Contracted third-party payors	$113,783	51%	$97,719	52%	$220,588	52%	$181,522	52%
Centers for Medicare & Medicaid Services	58,550	26%	44,481	24%	109,938	26%	82,593	24%
Healthcare institutions	37,782	17%	31,830	17%	67,936	16%	58,503	17%
Non-contracted third-party payors	14,057	6%	12,657	7%	25,100	6%	22,746	7%
Total	$224,172		$186,687		$423,562		$345,364

Item 1. Financial Statements (Unaudited):

FAQ

What is iRhythm Holdings, Inc.'s CMS — revenue, net?: iRhythm Holdings, Inc. (IRTC) reported CMS — revenue, net of $58.55M in Q2 2026.
What does CMS — revenue, net mean?: This metric represents the total net revenue generated from services provided to patients covered under Centers for Medicare & Medicaid Services programs. It reflects the company's ability to monetize its diagnostic offerings within the government-funded healthcare sector. Monitoring this figure helps investors assess the company's exposure to public payer reimbursement rates and the scale of its adoption within the Medicare population.