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iRhythm Holdings, Inc. IRTC Contracted third-party payors — Revenue, net

Other product segments

CMS
$51.39M
Customer A
$30.15M+13.1%
Non-contracted third-party payors
$11.04M+9.4%

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HES
HESMThird Party Services — Revenue (Gross)
$15.6M+133%

Other financials

Income statement

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Revenue$199.4M+25.7%
Gross profit$141.4M+29.4%
Operating income-$16.2M+50.3%
Net income-$13.9M+54.6%
EPS (diluted)-$0.43+55.7%

Balance sheet

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Cash & equivalents$248.5M-35.2%
Total debt$79.0M-10.5%
Total equity$161.2M+86.0%
Total assets$1.0B+8.7%

Cash flow

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Operating cash flow-$26.2M-232%
CapEx$6.9M-26.7%
Free cash flow-$33.1M-91.1%

Valuation

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Market cap$3.44B+16.0%
Enterprise value$3.27B+21.8%
P/S4.4×-0.4×

Profitability

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Gross margin71%+1.6pp
Operating margin-5.5%-2.2pp
Net margin-7.3%-3.1pp
FCF margin2.4%

Returns & leverage

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Return on equity-53.1%-17.4pp
Debt / equity0.5×-0.5×
Current ratio5.2×-0.5×

Where this comes from

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

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: iRhythm Holdings, Inc. ’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is iRhythm Holdings, Inc. 's contracted third-party payors — revenue, net?
iRhythm Holdings, Inc. (IRTC) reported contracted third-party payors — revenue, net of $106.8M in Q1 2026.
How has iRhythm Holdings, Inc. 's contracted third-party payors — revenue, net changed year-over-year?
iRhythm Holdings, Inc. 's contracted third-party payors — revenue, net increased by 27.4% year-over-year, from $83.8M to $106.8M.
What is the long-term trend for iRhythm Holdings, Inc. 's contracted third-party payors — revenue, net?
Over 4 years (2021 to 2025), iRhythm Holdings, Inc. 's contracted third-party payors — revenue, net has grown at a 19.3% compound annual growth rate (CAGR), from $193.87M to $392.23M.
What does contracted third-party payors — revenue, net mean?
This metric represents the net revenue generated from services provided to patients covered by contracted third-party insurance providers. It reflects the company's ability to successfully negotiate reimbursement agreements and capture market share within the commercial healthcare insurance landscape. Growth in this figure indicates successful adoption of the company's diagnostic services among insured populations and effective revenue cycle management.