The financials
iRhythm Holdings, Inc. by the numbers
iRhythm Holdings, Inc. (IRTC) reported revenue of $224M in Q2 2026 (quarter ended Jun 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 Q2 2026 was Commercial Payors at $114M, 51% of the disclosed total, well 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 | $114M | 51% |
| Centers For Medicare Medicaid Services | $59M | 26% |
| Healthcare Institutions | $38M | 17% |
| Non Contracted Third Party Payors | $14M | 6.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $224.2M (+12%)
Centers For Medicare Medicaid Services grew +32% year on yearNon Contracted Third Party Payors +11% year on year
Segment Latestquarter on quarteryear on year
- Commercial Payors$113.8M$113.8MQoQ +6.5%year on year +16%+6.5%+16%
- Centers For Medicare Medicaid Services$58.5M$58.5MQoQ +14%year on year +32%+14%+32%
- Healthcare Institutions$37.8M$37.8MQoQ +25%year on year +19%+25%+19%
- Non Contracted Third Party Payors$14.1M$14.1MQoQ +27%year on year +11%+27%+11%