Financial Snapshot

Revenue
$560.0M
TTM
Gross Margin
67.75%
TTM
Net Earnings
-$150.7M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
627.26%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$71.77M
Q3 2024
Cash
Q3 2024
P/E
-17.33
Nov 14, 2024 EST
Free Cash Flow
-$87.42M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $492.7M $410.9M $322.8M $265.2M $214.6M $147.3M $98.51M $64.07M $36.14M $21.75M $15.40M
YoY Change 19.9% 27.29% 21.74% 23.59% 45.68% 49.51% 53.75% 77.29% 66.17% 41.23%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $492.7M $410.9M $322.8M $265.2M $214.6M $147.3M $98.51M $64.07M $36.14M $21.75M $15.40M
Cost Of Revenue $160.9M $129.3M $109.3M $70.28M $52.49M $38.80M $28.20M $20.88M $14.70M $10.59M $8.800M
Gross Profit $331.8M $281.6M $213.6M $194.9M $162.1M $108.5M $70.93M $43.19M $21.44M $11.16M $6.500M
Gross Profit Margin 67.35% 68.54% 66.16% 73.5% 75.54% 73.66% 72.0% 67.41% 59.32% 51.3% 42.21%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Selling, General & Admin $385.6M $322.2M $274.8M $197.2M $179.5M $133.3M $85.25M $51.62M $36.72M $20.23M $14.00M
YoY Change 19.69% 17.23% 39.35% 9.87% 34.66% 56.38% 65.15% 40.57% 81.57% 44.46%
% of Gross Profit 116.23% 114.4% 128.69% 101.2% 110.77% 122.89% 120.2% 119.52% 171.28% 181.26% 215.38%
Research & Development $60.24M $46.61M $38.67M $41.33M $37.30M $20.86M $13.27M $7.150M $6.349M $5.698M $3.700M
YoY Change 29.25% 20.53% -6.43% 10.8% 78.81% 57.26% 85.52% 12.62% 11.43% 54.0%
% of Gross Profit 18.16% 16.55% 18.11% 21.21% 23.01% 19.23% 18.7% 16.56% 29.61% 51.07% 56.92%
Depreciation & Amortization $16.30M $13.40M $9.842M $6.900M $3.450M $2.270M $1.600M $570.0K $490.0K $240.0K $150.0K
YoY Change 21.64% 36.15% 42.64% 100.0% 51.98% 41.88% 180.7% 16.33% 104.17% 60.0%
% of Gross Profit 4.91% 4.76% 4.61% 3.54% 2.13% 2.09% 2.26% 1.32% 2.29% 2.15% 2.31%
Operating Expenses $457.0M $395.4M $313.5M $238.6M $216.8M $154.2M $98.52M $58.77M $43.07M $25.92M $17.70M
YoY Change 15.57% 26.13% 31.42% 10.03% 40.64% 56.49% 67.63% 36.45% 66.15% 46.46%
Operating Profit -$125.2M -$113.8M -$99.94M -$43.67M -$54.76M -$45.69M -$27.59M -$15.58M -$21.63M -$14.77M -$11.20M
YoY Change 10.0% 13.85% 128.84% -20.24% 19.84% 65.6% 77.07% -27.96% 46.5% 31.83%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Interest Expense $3.650M $4.138M $1.169M $1.519M $1.643M $3.115M $3.386M $3.248M $1.059M $774.0K -$1.700M
YoY Change -11.79% 253.98% -23.04% -7.55% -47.26% -8.0% 4.25% 206.7% 36.82% -145.53%
% of Operating Profit
Other Income/Expense, Net $6.155M $2.036M $118.0K $1.591M $1.895M $1.501M $1.237M -$2.073M -$109.0K -$293.0K -$700.0K
YoY Change 202.31% 1625.42% -92.58% -16.04% 26.25% 21.34% -159.67% 1801.83% -62.8% -58.14%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Pretax Income -$122.7M -$115.9M -$101.0M -$43.60M -$54.50M -$50.33M -$29.74M -$20.90M -$22.80M -$15.80M -$13.60M
YoY Change 5.84% 14.75% 131.63% -20.0% 8.28% 69.25% 42.28% -8.32% 44.3% 16.18%
Income Tax $750.0K $269.0K $367.0K $229.0K $65.00K $44.00K $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$123.4M -$116.2M -$101.4M -$43.83M -$54.57M -$50.38M -$29.74M -$20.90M -$22.80M -$15.83M -$13.60M
YoY Change 6.24% 14.6% 131.26% -19.68% 8.32% 69.39% 42.28% -8.32% 44.01% 16.41%
Net Earnings / Revenue -25.05% -28.27% -31.4% -16.53% -25.43% -34.21% -30.19% -32.62% -63.09% -72.79% -88.31%
Basic Earnings Per Share -$4.04 -$3.88 -$3.46 -$1.58 -$2.16
Diluted Earnings Per Share -$4.04 -$3.88 -$3.46 -$1.58 -$2.16 -$2.109M -$1.314M -$3.943M -$1.129M -$782.2K -$673.3K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Cash & Short-Term Investments $133.8M $213.1M $239.1M $335.2M $140.6M $78.30M $102.4M $106.1M $25.20M $8.600M $7.100M
YoY Change -37.24% -10.87% -28.66% 138.41% 79.57% -23.54% -3.49% 321.03% 193.02% 21.13%
Cash & Equivalents $36.17M $78.83M $127.6M $88.60M $20.50M $20.00M $8.700M $51.60M $25.20M $8.600M $7.100M
Short-Term Investments $97.59M $134.3M $111.6M $246.6M $120.1M $58.30M $93.70M $54.40M
Other Short-Term Assets $21.59M $10.56M $9.693M $7.400M $4.300M $4.100M $2.600M $1.800M $900.0K $200.0K $200.0K
YoY Change 104.56% 8.89% 30.99% 72.09% 4.88% 57.69% 44.44% 100.0% 350.0% 0.0%
Inventory $13.97M $15.16M $10.27M $5.300M $4.000M $2.100M $1.700M $1.400M $1.100M $800.0K $700.0K
Prepaid Expenses
Receivables $61.48M $49.92M $46.43M $29.90M $23.90M $19.80M $13.00M $9.400M $5.600M $5.900M $3.700M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $230.8M $288.8M $305.5M $377.8M $172.8M $104.3M $119.6M $118.6M $32.80M $15.50M $11.70M
YoY Change -20.07% -5.48% -19.13% 118.63% 65.68% -12.79% 0.84% 261.59% 111.61% 32.48%
Property, Plant & Equipment $153.4M $136.3M $140.5M $119.0M $116.6M $9.200M $6.200M $4.700M $2.000M $800.0K $400.0K
YoY Change 12.54% -2.99% 18.09% 2.06% 1167.39% 48.39% 31.91% 135.0% 150.0% 100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $8.000M $0.00 $3.000M $11.00M
YoY Change -100.0% -100.0% -72.73%
Other Assets $48.04M $22.25M $16.05M $14.10M $7.900M $3.200M $3.500M $3.100M $2.100M $1.400M $300.0K
YoY Change 115.89% 38.62% 13.84% 78.48% 146.88% -8.57% 12.9% 47.62% 50.0% 366.67%
Total Long-Term Assets $202.3M $159.5M $157.4M $133.9M $133.4M $13.20M $13.50M $19.60M $5.100M $3.000M $1.600M
YoY Change 26.89% 1.27% 17.58% 0.37% 910.61% -2.22% -31.12% 284.31% 70.0% 87.5%
Total Assets $433.1M $448.2M $463.0M $511.7M $306.2M $117.5M $133.1M $138.2M $37.90M $18.50M $13.30M
YoY Change
Accounts Payable $5.543M $7.517M $10.51M $4.400M $8.200M $2.300M $2.400M $2.100M $1.500M $1.200M $500.0K
YoY Change -26.26% -28.47% 138.84% -46.34% 256.52% -4.17% 14.29% 40.0% 25.0% 140.0%
Accrued Expenses $98.52M $78.53M $62.63M $48.70M $40.60M $26.80M $15.80M $10.20M $6.800M $3.200M $1.900M
YoY Change 25.46% 25.39% 28.6% 19.95% 51.49% 69.62% 54.9% 50.0% 112.5% 68.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $11.67M $11.70M $1.900M $1.500M $1.600M
YoY Change -100.0% -0.28% 515.79%
Total Short-Term Liabilities $107.4M $89.10M $87.85M $65.70M $52.10M $30.30M $20.90M $13.20M $8.800M $4.900M $4.300M
YoY Change 20.51% 1.41% 33.72% 26.1% 71.95% 44.98% 58.33% 50.0% 79.59% 13.95%
Long-Term Debt $34.95M $34.94M $9.690M $21.30M $33.00M $34.90M $32.50M $32.20M $30.60M $6.300M $4.200M
YoY Change 0.04% 260.53% -54.51% -35.45% -5.44% 7.38% 0.93% 5.23% 385.71% 50.0%
Other Long-Term Liabilities $80.73M $84.38M $85.91M $83.10M $85.70M $200.0K $200.0K $200.0K $3.100M $2.900M $2.600M
YoY Change -4.33% -1.78% 3.38% -3.03% 42750.0% 0.0% 0.0% -93.55% 6.9% 11.54%
Total Long-Term Liabilities $115.7M $119.3M $95.60M $104.4M $118.7M $35.10M $32.70M $32.40M $33.70M $9.200M $6.800M
YoY Change -3.05% 24.81% -8.43% -12.05% 238.18% 7.34% 0.93% -3.86% 266.3% 35.29%
Total Liabilities $223.0M $208.4M $183.5M $170.1M $170.8M $65.40M $53.60M $45.60M $42.40M $14.00M $11.10M
YoY Change 7.02% 13.6% 7.85% -0.41% 161.16% 22.01% 17.54% 7.55% 202.86% 26.13%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Basic Shares Outstanding 30.53M shares 29.92M shares 29.33M shares 27.75M shares 25.27M shares
Diluted Shares Outstanding 30.53M shares 29.92M shares 29.33M shares 27.75M shares 25.27M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.6115 Billion

About iRhythm Technologies Inc

iRhythm Technologies, Inc. is a digital healthcare company, which engages in the design, development, and commercialization of device-based technology to provide ambulatory cardiac monitoring services. The company is headquartered in San Francisco, California and currently employs 2,000 full-time employees. The company went IPO on 2016-10-20. The firm designs, develops, and commercializes device-based technology to provide ambulatory cardiac monitoring services. The company offers three Zio System options: the Zio Monitor System, the Zio XT System, and the Zio AT System. The company offers its Zio ambulatory cardiac monitoring services, including long-term continuous monitoring, short-term continuous monitoring, and mobile cardiac telemetry monitoring services (Zio Services), using its Zio Systems. The Zio Monitor System is a prescription-only, remote ECG monitoring system that consists of a patch ECG monitor (the Zio Monitor patch) that records the electric signal from the heart continuously for up to 14 days and the Zio ECG Utilization Software (ZEUS) System, which supports the capture and analysis of ECG data recorded by the Zio Monitor patch at the end of the wear period.

Industry: Surgical & Medical Instruments & Apparatus Peers: ABBOTT LABORATORIES Axonics, Inc. Enovis Corp QuidelOrtho Corp Inari Medical Inc Inspire Medical Systems Inc Integra Lifesciences Holdings Corp Omnicell Inc Tandem Diabetes Care Inc