iRhythm Holdings, Inc. (IRTC) Financial Statements (2026 and earlier)

Company Profile

Business Address 699 8TH STREET
SAN FRANCISCO, CA 94103
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:490,174317,178110,185158,575239,131335,217
Cash and cash equivalent     127,56288,628
Short-term investments347,751115,95697,591134,312111,569246,589
Other undisclosed cash, cash equivalents, and short-term investments142,423201,22212,59424,263  
Receivables75,70679,94161,48449,91846,43029,932
Inventory, net of allowances, customer advances and progress billings21,63414,03913,97315,15510,2685,313
Inventory21,63414,03913,97315,15510,2685,313
Other undisclosed current assets115,251234,66145,17065,1249,6937,363
Total current assets:702,765645,819230,812288,772305,522377,825
Noncurrent Assets
Operating lease, right-of-use asset41,82747,56449,31760,66684,58784,714
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization151,599125,092104,11475,67055,94434,247
Long-term investments and receivables69,91361,902    
Long-term investments69,91361,902    
Intangible asset, including goodwill, after accumulated amortization862862862862862862
Goodwill862862862862862862
Restricted cash and investments8,3588,358    
Other noncurrent assets44,71841,85248,03922,25216,05214,091
Total noncurrent assets:317,277285,630202,332159,450157,445133,914
TOTAL ASSETS:1,020,042931,449433,144448,222462,967511,739
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131,00392,12188,90573,01461,99544,897
Accounts payable2,2567,2215,5437,51710,5094,365
Accrued liabilities128,74784,90083,36265,49751,48640,532
Deferred revenue4,2012,9323,3063,0513,049930
Debt     11,66711,667
Other undisclosed current liabilities16,68615,86715,15913,03111,1428,171
Total current liabilities:151,890110,920107,37089,09687,85365,665
Noncurrent Liabilities
Long-term debt and lease obligation649,504646,44334,95034,93585,21281,293
Long-term debt, excluding current maturities649,504646,44334,95034,935  
Liabilities, other than long-term debt65,90283,17880,72784,3796971,830
Other liabilities9088,5791,0121,3076971,830
Operating lease, liability64,99474,59979,71583,07285,21281,293
Other undisclosed noncurrent liabilities     9,69021,339
Total noncurrent liabilities:715,406729,621115,677119,31495,599104,462
Total liabilities:867,296840,541223,047208,410183,452170,127
Equity
Equity, attributable to parent152,74690,908210,097239,812279,515341,612
Common stock323131282727
Treasury stock, value(25,000)(25,000)    
Additional paid in capital980,757874,607855,784762,380685,594646,258
Accumulated other comprehensive income (loss)403165(112)(396)(61)11
Accumulated deficit(803,446)(758,895)(645,606)(522,200)(406,045)(304,684)
Total equity:152,74690,908210,097239,812279,515341,612
TOTAL LIABILITIES AND EQUITY:1,020,042931,449433,144448,222462,967511,739

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues747,138591,839492,681410,921322,825265,166
Cost of revenue(219,888)(184,308)(160,875)(129,289)(109,258)(70,277)
Gross profit:527,250407,531331,806281,632213,567194,889
Operating expenses(584,657)(523,036)(456,967)(395,416)(313,510)(238,562)
Operating loss:(57,407)(115,505)(125,161)(113,784)(99,943)(43,673)
Nonoperating income13,8092,7816,1552,0361181,591
Investment income, nonoperating21,52121,938    
Other nonoperating income5,4421,2536,1552,0361181,591
Interest and debt expense(13,154)(7,589)(3,650)(4,138)(1,169)(1,519)
Loss from continuing operations before equity method investments, income taxes:(56,752)(120,313)(122,656)(115,886)(100,994)(43,601)
Other undisclosed income from continuing operations before income taxes13,1547,589    
Loss from continuing operations before income taxes:(43,598)(112,724)(122,656)(115,886)(100,994)(43,601)
Income tax expense(953)(565)(750)(269)(367)(229)
Loss from continuing operations:(44,551)(113,289)(123,406)(116,155)(101,361)(43,830)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(101,361)(43,830)
Net loss available to common stockholders, diluted:(44,551)(113,289)(123,406)(116,155)(101,361)(43,830)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(44,551)(113,289)(123,406)(116,155)(101,361)(43,830)
Comprehensive loss:(44,551)(113,289)(123,406)(116,155)(101,361)(43,830)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent238277284(335)(72)(71)
Comprehensive loss, net of tax, attributable to parent:(44,313)(113,012)(123,122)(116,490)(101,433)(43,901)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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