Irhythm Holdings, Inc. income statement
In fiscal 2025, Irhythm Holdings, Inc. reported revenue of $747m, up 26.2% on the year before, operating income of −$57.4m (a -7.7% margin) and net income of −$44.6m, or −$1.39 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 36 | 64 | 99 | 147 | 215 | 265 | 323 | 411 | 493 | 592 | 747 | 825 |
| Cost of revenue | 11 | 15 | 21 | 28 | 39 | 52 | 70 | 109 | 129 | 161 | 184 | 220 | 236 |
| Gross profit | 11 | 21 | 43 | 71 | 108 | 162 | 195 | 214 | 282 | 332 | 408 | 527 | 590 |
| Research and development | 6 | 6 | 7 | 13 | 21 | 37 | 41 | 39 | 47 | 60 | 71 | 85 | 83 |
| Selling, general and administrative | 20 | 37 | 52 | 85 | 133 | 180 | 197 | 275 | 322 | 386 | 419 | 493 | 514 |
| Operating income | −15 | −22 | −16 | −28 | −46 | −55 | −44 | −100 | −114 | −125 | −116 | −57 | −25 |
| Interest expense | 1 | 1 | 3 | 3 | 3 | 2 | 2 | 1 | 4 | 4 | 13 | 13 | 13 |
| Income before tax | — | — | −21 | −30 | −50 | −55 | −44 | −101 | −116 | −123 | −113 | −44 | −13 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Net income | −16 | −23 | −21 | −30 | −50 | −55 | −44 | −101 | −116 | −123 | −113 | −45 | −14 |
| Diluted EPS | −$3.01 | −$4.14 | −$3.95 | −$1.31 | −$2.11 | −$2.16 | −$1.58 | −$3.46 | −$3.88 | −$4.04 | −$3.63 | −$1.39 | −$0.43 |
| Diluted shares (average) | 5m | 6m | 5m | 23m | 24m | 25m | 28m | 29m | 30m | 31m | 31m | 32m | 32m |
| EBITDA | −15 | −21 | −15 | −26 | −43 | −51 | −37 | −90 | −100 | −109 | −95 | −37 | −4 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 148 | 164 | 159 | 187 | 193 | 209 | 199 | 224 |
| Cost of revenue | 46 | 49 | 49 | 54 | 56 | 61 | 58 | 61 |
| Gross profit | 101 | 115 | 109 | 133 | 137 | 148 | 141 | 163 |
| Research and development | 16 | 19 | 22 | 21 | 21 | 21 | 21 | 20 |
| Selling, general and administrative | 103 | 100 | 120 | 126 | 124 | 122 | 136 | 132 |
| Operating income | −50 | −4 | −33 | −19 | −8 | 2 | −16 | −3 |
| Interest expense | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Income before tax | −46 | −1 | −30 | −14 | −5 | 6 | −13 | −0 |
| Income tax | 0 | 0 | 1 | −0 | 0 | 0 | 1 | 0 |
| Net income | −46 | −1 | −31 | −14 | −5 | 6 | −14 | −0 |
| Diluted EPS | −$1.48 | −$0.04 | −$0.97 | −$0.44 | −$0.16 | $0.18 | −$0.43 | −$0.01 |
| EBITDA | −45 | 1 | −27 | −14 | −3 | 7 | −11 | 3 |
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