The financials
iRhythm Holdings, Inc. by the numbers
iRhythm Holdings, Inc. (IRTC) reported revenue of $224M in Q2 2026 (quarter ended June 30, 2026), up 20% from the same quarter a year earlier. That came with a gross margin of 73% and net loss of $381K. For the full year FY2025, revenue was $747M (+26% year on year) and net income −$45M. Its largest product in 2026-Q1 was Commercial Payors at $107M, 54% of the disclosed total, just ahead of Centers For Medicare Medicaid Services at 26%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $224M | $187M | +20% |
| Gross profit | $163M | $133M | +23% |
| Operating income | −$2.5M | −$19M | n/a |
| Net income | −$381K | −$14M | n/a |
| Diluted EPS | −$0.01 | −$0.44 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Commercial Payors | $107M | 54% |
| Centers For Medicare Medicaid Services | $51M | 26% |
| Healthcare Institutions | $30M | 15% |
| Non Contracted Third Party Payors | $11M | 5.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $199.4M (+3.4%)
Centers For Medicare Medicaid Services grew +35% year on yearNon Contracted Third Party Payors +9.4% year on year
Segment Latestquarter on quarteryear on year
- Commercial Payors$106.8M$106.8MQoQ +7.9%year on year +27%+7.9%+27%
- Centers For Medicare Medicaid Services$51.4M$51.4MQoQ -year on year +35%-+35%
- Healthcare Institutions$30.2M$30.2MQoQ -8.0%year on year +13%-8.0%+13%
- Non Contracted Third Party Payors$11.0M$11.0MQoQ -18%year on year +9.4%-18%+9.4%
- Centers For Medicare And Medicaid--QoQ -year on year ---