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iRhythm Holdings, Inc. IRTC Customer A — Concentration of credit risk (as a percent)

Other product segments

Contracted third-party payors
51%-1.9%
CMS
26%
Non-contracted third-party payors
6%-14.3%

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Other financials

Income statement

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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

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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

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Operating cash flow$51.1M+84.7%
CapEx$13.6M+30.8%
Free cash flow$37.5M+117%

Valuation

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Market cap$4.21B-16.0%
Enterprise value$4.03B-15.7%
P/S5.1×-2.5×

Profitability

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Gross margin71.5%+1.7pp
Operating margin-3.3%-1.5pp
Net margin-7.3%-3.1pp
FCF margin4.7%

Returns & leverage

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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:ConcentrationRiskPercentage1.

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 itemThree Months Ended June 30, 2026 / AmountThree Months Ended June 30, 2026 / % of RevenueThree Months Ended June 30, 2025 / AmountThree Months Ended June 30, 2025 / % of RevenueSix Months Ended June 30, 2026 / AmountSix Months Ended June 30, 2026 / % of RevenueSix Months Ended June 30, 2025 / AmountSix Months Ended June 30, 2025 / % of Revenue
Contracted third-party payors$113,78351%$97,71952%$220,58852%$181,52252%
Centers for Medicare & Medicaid Services58,55026%44,48124%109,93826%82,59324%
Healthcare institutions37,78217%31,83017%67,93616%58,50317%
Non-contracted third-party payors14,0576%12,6577%25,1006%22,7467%
Total$224,172$186,687$423,562$345,364

Item 1. Financial Statements (Unaudited):

FAQ

What is iRhythm Holdings, Inc.'s customer a — concentration of credit risk (as a percent)?
iRhythm Holdings, Inc. (IRTC) reported customer a — concentration of credit risk (as a percent) of 17% in Q2 2026.
How has iRhythm Holdings, Inc.'s customer a — concentration of credit risk (as a percent) changed year-over-year?
iRhythm Holdings, Inc.'s customer a — concentration of credit risk (as a percent) decreased by 0.0% year-over-year, from 17% to 17%.
What does customer a — concentration of credit risk (as a percent) mean?
This metric measures the proportion of total accounts receivable or credit exposure attributed to a single major customer or institutional segment. It provides critical insight into the company's counterparty risk and the potential financial impact should that specific customer experience payment delays or default. A high concentration percentage indicates significant dependency on a single entity, which may pose a risk to liquidity and overall financial stability.

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