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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$4.2B-18.6%
Enterprise value$4.02B-18.4%
P/S5.1×-2.8×

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:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

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, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of revenue60,96753,830119,004103,291
Gross profit163,205132,857304,558242,073
Operating expenses:
Research and development19,84321,01241,20142,531
Acquired in-process research and development2991,6985951,994
Selling, general and administrative131,655126,376267,539246,333
Litigation settlements13,95013,950
Impairment charges2,4792,479

Item 1. Financial Statements (Unaudited):

FAQ

What is iRhythm Holdings, Inc.'s R&D?
iRhythm Holdings, Inc. (IRTC) reported R&D of $19.84M in Q2 2026.
How has iRhythm Holdings, Inc.'s R&D changed year-over-year?
iRhythm Holdings, Inc.'s R&D decreased by 5.6% year-over-year, from $21.01M to $19.84M.
What is the long-term trend for iRhythm Holdings, Inc.'s R&D?
Over 4 years (2021 to 2025), iRhythm Holdings, Inc.'s R&D has grown at a 21.6% compound annual growth rate (CAGR), from $38.67M to $84.61M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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