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About

iRhythm Holdings, Inc., a digital healthcare company, engages in the design, development, and commercialization of device-based technology that provides ambulatory cardiac monitoring services to diagnose arrhythmias in the United States. The company offers Zio ambulatory cardiac monitoring services, including long-term and short-term continuous monitoring and mobile cardiac telemetry monitoring services. It also provides Zio Monitor System, a prescription-only remote electrocardiogram (ECG) monitoring system consisting a patch ECG monitor that records the electric signal from the heart continuously for up to 14 days; Zio XT System, a prescription-only remote ECG monitoring system that consists of the Zio XT patch that records the electric signal from the heart continuously for up to 14 days; and Zio ECG Utilization Software System, which supports the capture and analysis of ECG data. In addition, the company offers Zio AT System, a prescription-only remote ECG monitoring system, which consists of the Zio AT patch that records the electric signal from the heart continuously for up to 14 days, as well as incorporates the Zio AT wireless gateway to provide connectivity between the patch and the ZEUS System during the patient wear period. It has a development collaboration agreement with BioIS to develop and commercialize pulse oximetry, accelerometry, and trending non-invasive blood pressure technologies for use within our ambulatory cardiac monitoring products and services. The company was formerly known as iRhythm Technologies, Inc. and changed its name to iRhythm Holdings, Inc. in January 2026. iRhythm Holdings, Inc. was incorporated in 2006 and is headquartered in San Francisco, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Medical Devices Market Cap 4.42B
Enterprise Value 4.58B Income -44.55M Sales 747.14M
Book/sh 4.73 Cash/sh 18.06 Dividend Yield —
Payout 0.00% Employees 2400 IPO —
P/E — Forward P/E 163.93 PEG —
P/S 5.91 P/B 28.99 P/C —
EV/EBITDA -149.77 EV/Sales 6.13 Quick Ratio 4.34
Current Ratio 4.63 Debt/Eq 478.69 LT Debt/Eq —
EPS (ttm) -1.62 EPS next Y 0.84 EPS Growth —
Revenue Growth 27.10% Earnings 2026-04-30 ROA -2.36%
ROE -36.57% ROIC — Gross Margin 70.57%
Oper. Margin 4.20% Profit Margin -5.96% Shs Outstand 32.22M
Shs Float 32.00M Short Float 9.84% Short Ratio 4.18
Short Interest — 52W High 212.00 52W Low 92.52
Beta 1.07 Avg Volume 595.52K Volume 663.15K
Target Price $212.87 Recom Strong_buy Prev Close $141.22
Price $137.10 Change -2.92%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$212.87
Mean price target
2. Current target
$137.10
Latest analyst target
3. DCF / Fair value
$40.04
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$137.10
Low
$184.00
High
$254.00
Mean
$212.87

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-23 reit Truist Securities Buy → Buy $200
2026-02-20 main Canaccord Genuity Buy → Buy $198
2026-02-20 main JP Morgan Overweight → Overweight $215
2026-02-20 main Wells Fargo Overweight → Overweight $200
2026-02-20 main Baird Outperform → Outperform $200
2026-01-13 main Wells Fargo Overweight → Overweight $225
2026-01-12 reit Needham Buy → Buy $244
2026-01-05 up Evercore ISI Group In-Line → Outperform $210
2025-12-18 main Truist Securities Buy → Buy $215
2025-12-16 main Baird Outperform → Outperform $220
2025-12-02 main Morgan Stanley Overweight → Overweight $205
2025-10-31 main Canaccord Genuity Buy → Buy $212
2025-10-31 main Citigroup Buy → Buy $242
2025-10-31 main JP Morgan Overweight → Overweight $240
2025-10-31 main Baird Outperform → Outperform $235
2025-10-31 main Goldman Sachs Neutral → Neutral $202
2025-10-31 main Needham Buy → Buy $244
2025-10-31 main BTIG Buy → Buy $215
2025-10-15 main Truist Securities Buy → Buy $205
2025-10-13 main BTIG Buy → Buy $195
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2478 458009 — Sale at price 184.83 per share. MURPHY PATRICK MICHAEL Officer — 2025-12-02 00:00:00 D
1 280 51752 — Sale at price 184.83 per share. PATTERSON CHAD Officer — 2025-12-02 00:00:00 D
2 73 13725 — Stock Award(Grant) at price 188.01 per share. SHRISHRIMAL SUMI Officer — 2025-11-28 00:00:00 D
3 250 47002 — Stock Award(Grant) at price 188.01 per share. TURAKHIA MINANG Officer — 2025-11-28 00:00:00 D
4 2 376 — Stock Award(Grant) at price 188.01 per share. ROSENBAUM MARK W Officer — 2025-11-28 00:00:00 D
5 5312 924962 — Sale at price 172.32 - 177.85 per share. TALWALKAR ABHIJIT Y Director — 2025-11-10 00:00:00 D
6 5312 56892 — Conversion of Exercise of derivative security at price 10.71 per share. TALWALKAR ABHIJIT Y Director — 2025-11-10 00:00:00 D
7 14059 2571907 — Sale at price 182.94 per share. BLACKFORD QUENTIN S Chief Executive Officer — 2025-11-03 00:00:00 D
8 8000 1659520 — Sale at price 207.44 per share. WILSON DANIEL G Chief Financial Officer — 2025-10-31 00:00:00 D
9 5000 875000 — Sale at price 175.00 per share. WILSON DANIEL G Chief Financial Officer — 2025-09-03 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-1.73M-2.33M-5.59M0.00
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA-65.90M-85.78M-65.53M-83.23M
TotalUnusualItems-8.23M-11.08M-26.61M0.00
TotalUnusualItemsExcludingGoodwill-8.23M-11.08M-26.61M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-113.29M-123.41M-116.16M-101.36M
ReconciledDepreciation25.78M22.14M19.61M16.59M
ReconciledCostOfRevenue184.31M160.88M129.29M109.26M
EBITDA-74.13M-96.86M-92.14M-83.23M
EBIT-99.90M-119.01M-111.75M-99.83M
NetInterestIncome9.12M2.70M-1.79M-1.05M
InterestExpense12.82M3.65M4.14M1.17M
InterestIncome21.94M6.35M2.35M118.00K
NormalizedIncome-106.79M-114.65M-95.13M-101.36M
NetIncomeFromContinuingAndDiscontinuedOperation-113.29M-123.41M-116.16M-101.36M
TotalExpenses706.70M606.76M498.10M422.77M
TotalOperatingIncomeAsReported-115.50M-125.16M-113.78M-99.94M
DilutedAverageShares31.20M30.53M29.92M29.33M
BasicAverageShares31.20M30.53M29.92M29.33M
DilutedEPS-3.63-4.04-3.88-3.46
BasicEPS-3.63-4.04-3.88-3.46
DilutedNIAvailtoComStockholders-113.29M-123.41M-116.16M-101.36M
NetIncomeCommonStockholders-113.29M-123.41M-116.16M-101.36M
NetIncome-113.29M-123.41M-116.16M-101.36M
NetIncomeIncludingNoncontrollingInterests-113.29M-123.41M-116.16M-101.36M
NetIncomeContinuousOperations-113.29M-123.41M-116.16M-101.36M
TaxProvision565.00K750.00K269.00K367.00K
PretaxIncome-112.72M-122.66M-115.89M-100.99M
OtherIncomeExpense-6.98M-11.28M-26.92M118.00K
OtherNonOperatingIncomeExpenses1.25M-198.00K-314.00K118.00K
SpecialIncomeCharges-8.23M-11.08M-26.61M0.00
OtherSpecialCharges7.59M
WriteOff641.00K0.000.00
ImpairmentOfCapitalAssets0.0011.08M23.16M0.00
RestructuringAndMergernAcquisition0.000.003.44M0.00
NetNonOperatingInterestIncomeExpense9.12M2.70M-1.79M-1.05M
InterestExpenseNonOperating12.82M3.65M4.14M1.17M
InterestIncomeNonOperating21.94M6.35M2.35M118.00K
OperatingIncome-114.86M-114.08M-87.18M-99.94M
OperatingExpense522.39M445.89M368.81M313.51M
ResearchAndDevelopment103.83M60.24M46.61M38.67M
SellingGeneralAndAdministration418.56M385.64M322.20M274.84M
GrossProfit407.53M331.81M281.63M213.57M
CostOfRevenue184.31M160.88M129.29M109.26M
TotalRevenue591.84M492.68M410.92M322.82M
OperatingRevenue591.84M492.68M410.92M322.82M
Line Item2024-12-31
TreasurySharesNumber229.00K
OrdinarySharesNumber31.39M30.95M30.19M29.49M
ShareIssued31.62M30.95M30.19M29.49M
NetDebt226.85M
TotalDebt736.91M129.82M131.04M117.71M
TangibleBookValue90.05M209.24M238.95M278.65M
InvestedCapital737.35M245.05M274.75M300.87M
WorkingCapital534.90M123.44M199.68M217.67M
NetTangibleAssets90.05M209.24M238.95M278.65M
CapitalLeaseObligations90.47M94.87M96.10M96.35M
CommonStockEquity90.91M210.10M239.81M279.51M
TotalCapitalization737.35M245.05M274.75M289.20M
TotalEquityGrossMinorityInterest90.91M210.10M239.81M279.51M
StockholdersEquity90.91M210.10M239.81M279.51M
GainsLossesNotAffectingRetainedEarnings165.00K-112.00K-396.00K-61.00K
OtherEquityAdjustments165.00K-112.00K-396.00K-61.00K
TreasuryStock25.00M0.00
RetainedEarnings-758.89M-645.61M-522.20M-406.05M
AdditionalPaidInCapital874.61M855.78M762.38M685.59M
CapitalStock31.00K31.00K28.00K27.00K
CommonStock31.00K31.00K28.00K27.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest840.54M223.05M208.41M183.45M
TotalNonCurrentLiabilitiesNetMinorityInterest729.62M115.68M119.31M95.60M
OtherNonCurrentLiabilities8.58M1.01M1.31M697.00K
LongTermDebtAndCapitalLeaseObligation721.04M114.67M118.01M94.90M
LongTermCapitalLeaseObligation74.60M79.72M83.07M85.21M
LongTermDebt646.44M34.95M34.94M9.69M
CurrentLiabilities110.92M107.37M89.10M87.85M
CurrentDeferredLiabilities2.93M3.31M3.05M3.05M
CurrentDeferredRevenue2.93M3.31M3.05M3.05M
CurrentDebtAndCapitalLeaseObligation15.87M15.16M13.03M22.81M
CurrentCapitalLeaseObligation15.87M15.16M13.03M11.14M
CurrentDebt11.67M
OtherCurrentBorrowings11.67M
PensionandOtherPostRetirementBenefitPlansCurrent585.00K1.04M1.04M1.00M
PayablesAndAccruedExpenses91.54M87.87M71.97M60.99M
CurrentAccruedExpenses78.30M74.87M57.60M47.50M
InterestPayable78.00K
Payables13.24M13.00M14.37M13.50M
OtherPayable2.01M4.58M4.46M2.99M
TotalTaxPayable4.01M2.88M2.39M
AccountsPayable7.22M5.54M7.52M10.51M
TotalAssets931.45M433.14M448.22M462.97M
TotalNonCurrentAssets285.63M202.33M159.45M157.44M
OtherNonCurrentAssets50.21M45.04M22.25M16.05M
InvestmentsAndAdvances61.90M3.00M
InvestmentinFinancialAssets61.90M3.00M
GoodwillAndOtherIntangibleAssets862.00K862.00K862.00K862.00K
Goodwill862.00K862.00K862.00K862.00K
NetPPE172.66M153.43M136.34M140.53M
AccumulatedDepreciation-71.22M-50.50M-35.22M-22.70M
GrossPPE243.88M203.93M171.55M163.24M
Leases27.12M24.89M23.14M20.40M
ConstructionInProgress71.44M53.82M31.52M17.69M
OtherProperties57.25M55.32M65.58M87.78M
MachineryFurnitureEquipment88.07M69.91M51.31M37.37M
Properties0.000.000.000.00
CurrentAssets645.82M230.81M288.77M305.52M
OtherCurrentAssets16.29M21.59M10.55M9.69M
PrepaidAssets10.55M9.69M
Inventory14.04M13.97M15.15M10.27M
FinishedGoods8.18M7.67M5.82M5.17M
RawMaterials5.86M6.30M9.34M5.10M
Receivables79.94M61.48M49.92M46.43M
AccountsReceivable79.94M61.48M49.92M46.43M
AllowanceForDoubtfulAccountsReceivable-16.25M-20.29M-18.48M-14.01M
GrossAccountsReceivable96.19M81.77M68.39M60.44M
CashCashEquivalentsAndShortTermInvestments535.55M133.76M213.14M239.13M
OtherShortTermInvestments115.96M97.59M134.31M111.57M
CashAndCashEquivalents419.60M36.17M78.83M127.56M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-45.55M-90.53M-52.84M-65.82M
RepurchaseOfCapitalStock-25.00M0.000.00
RepaymentOfDebt-116.41M0.00-21.47M-11.67M
IssuanceOfDebt736.25M0.0035.00M0.00
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-48.94M-40.42M-29.83M-28.07M
InterestPaidSupplementalData6.39M2.96M3.32M1.19M
IncomeTaxPaidSupplementalData923.00K1.13M287.00K0.00
EndCashPosition427.95M36.17M78.83M127.56M
BeginningCashPosition36.17M78.83M127.56M88.63M
EffectOfExchangeRateChanges-6.00K-169.00K0.000.00
ChangesInCash391.79M-42.49M-48.73M38.93M
FinancingCashFlow511.38M8.82M26.72M-28.58M
CashFlowFromContinuingFinancingActivities511.38M8.82M26.72M-28.58M
NetOtherFinancingCharges-91.93M-77.00K-25.85M
ProceedsFromStockOptionExercised8.47M8.82M13.18M8.94M
NetCommonStockIssuance-25.00M0.000.000.00
CommonStockPayments-25.00M0.000.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt619.84M0.0013.53M-11.67M
NetLongTermDebtIssuance619.84M0.0013.53M-11.67M
LongTermDebtPayments-116.41M0.00-21.47M-11.67M
LongTermDebtIssuance736.25M0.0035.00M0.00
InvestingCashFlow-122.98M-1.21M-52.43M105.26M
CashFlowFromContinuingInvestingActivities-122.98M-1.21M-52.43M105.26M
NetInvestmentPurchaseAndSale-74.04M39.22M-22.60M133.33M
SaleOfInvestment101.20M206.50M165.97M255.51M
PurchaseOfInvestment-175.24M-167.28M-188.57M-122.18M
NetIntangiblesPurchaseAndSale-15.00M0.000.00
PurchaseOfIntangibles-15.00M0.000.00
NetPPEPurchaseAndSale-33.94M-40.42M-29.83M-28.07M
PurchaseOfPPE-33.94M-40.42M-29.83M-28.07M
OperatingCashFlow3.39M-50.10M-23.01M-37.75M
CashFlowFromContinuingOperatingActivities3.39M-50.10M-23.01M-37.75M
ChangeInWorkingCapital-99.12M-102.05M-65.51M-46.23M
ChangeInOtherWorkingCapital-374.00K255.00K2.00K2.12M
ChangeInOtherCurrentLiabilities-7.72M-5.59M-2.98M264.00K
ChangeInOtherCurrentAssets3.22M-22.79M-6.20M-1.83M
ChangeInPayablesAndAccruedExpense-7.41M17.32M11.48M14.08M
ChangeInAccruedExpense19.30M14.47M7.95M
ChangeInPayable-1.97M-2.99M6.13M
ChangeInAccountPayable-1.97M-2.99M6.13M
ChangeInPrepaidAssets5.30M-11.04M-862.00K-2.33M
ChangeInInventory-224.00K979.00K-5.11M-4.96M
ChangeInReceivables-91.92M-81.19M-61.84M-53.57M
ChangesInAccountReceivables-91.92M-81.19M-61.84M-53.57M
OtherNonCashItems35.60M337.00K264.00K6.75M
StockBasedCompensation75.98M77.20M57.74M54.53M
UnrealizedGainLossOnInvestmentSecurities-1.90M0.000.00
ProvisionandWriteOffofAssets73.46M69.63M58.35M37.07M
AssetImpairmentCharge641.00K11.08M23.16M0.00
AmortizationOfSecurities-1.35M-5.04M-474.00K1.64M
DepreciationAmortizationDepletion25.78M22.14M19.61M16.59M
DepreciationAndAmortization25.78M22.14M19.61M16.59M
Depreciation25.78M22.14M19.61M16.59M
OperatingGainsLosses7.59M
NetIncomeFromContinuingOperations-113.29M-123.41M-116.16M-101.36M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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