iRhythm Holdings, Inc. adopted the iRhythm Deferred Compensation Plan, effective January 1, 2027, allowing eligible employees to defer up to 80% of base salary and 100% of annual bonuses, and directors to defer 100% of cash fees.
IRTC · iRhythm Holdings, Inc.
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iRhythm reported third-quarter revenue of $221.6 million, up 14.9% year-over-year, and raised 2026 revenue guidance to $890 million to $895 million. It shifted the Zio MCT FDA submission to 2027 to prioritize Vital Connect integration.
iRhythm reported third-quarter 2026 revenue of $221.6 million, up 14.9%, and raised 2026 revenue guidance to $890 million to $895 million and adjusted EBITDA margin guidance to 15.5% to 16.0%. It completed the VitalConnect acquisition on October 5, 2026.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. iRhythm reported Q2 2026 revenue of $224.2M (+20.1% YoY) with adjusted EBITDA margin of 19.3% (+1,090 bps) and raised full-year 2026 revenue guidance to $880M-$890M and adjusted EBITDA margin guidance to 13.0%-14.0%, while announcing a $287.5M acquisition of Vital Connect to expand into MCT and multi-vitals monitoring.
- + Raised full-year 2026 revenue guidance to $880M-$890M and adjusted EBITDA margin guidance to 13.0%-14.0%.
- + Q2 revenue grew 20.1% YoY to $224.2M, the seventh consecutive quarter of >20% growth.
- + Adjusted EBITDA margin expanded ~1,090 bps YoY to 19.3% and gross margin improved 160 bps to 72.8%.
- + Record free cash flow of $37.5M and $591.3M in cash and marketable securities.
- + FDA clearance of third-generation algorithm expected to deliver ~$100M cumulative cost savings over five years.
- + Announced $287.5M acquisition of Vital Connect to expand into MCT and multi-vitals, with positive revenue contribution beginning 2027 while maintaining 15% adjusted EBITDA margin target.
- − Agreed to $50M litigation settlement payment to Baxter/Welch Allyn/Bardy Diagnostics on July 31, 2026.
- − Vital Connect acquisition will deploy approximately $237.5M in cash, plus up to $30M in interim working capital financing, materially reducing the cash balance.
- − Company remains subject to an FDA warning letter with remediation completion pending agency review.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $43.3M | Second Quarter 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net loss, as reported -$381K
+$3.29M Interest expense
-$4.78M Interest income
-$822K Changes in fair value of strategic investments
+$0K Income tax provision (benefit)
+$5.22M Depreciation and amortization
+$20.04M Stock-based compensation
+$0K Impairment charges
+$1.16M Business transformation costs
+$4.93M Intellectual property litigation expenses
+$13.95M Litigation settlements
+$686K Cybersecurity incident
= Adjusted EBITDA $43.3M
|
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| Adjusted EBITDA margin non-GAAP | 19.3% | Second Quarter 2026 | — |
| Adjusted net income non-GAAP | $19.3M | Second Quarter 2026 | — |
| Adjusted operating expenses non-GAAP | $145M | Second Quarter 2026 | — |
GAAP → non-GAAP reconciliationGAAP Operating expenses, as reported $165.75M
+$0K Impairment charges
-$1.16M Business transformation costs
-$4.93M Intellectual property litigation expenses
-$13.95M Litigation settlements
-$686K Cybersecurity incident
= Adjusted operating expenses $145.03M
|
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Medical Devices — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
IRTC
this stock
iRhythm Holdings, Inc.
|
$3.09B | -48.2% | +26.2% | — | 9.7% |
|
ABT
Abbott Laboratories
|
$187.95B | -13.4% | +5.7% | 40.5 | 1.1% |
|
MDT
Medtronic plc
|
$131.57B | +7.1% | +8.4% | 25.3 | 1.8% |
|
SYK
Stryker Corp
|
$117.88B | -11.9% | +11.2% | 33.0 | 1.7% |
|
BSX
Boston Scientific Corp
|
$64.27B | -53.5% | +12.5% | 18.8 | 2.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 13, 2026
- This year
- 26
iRhythm Holdings, Inc. adopted the iRhythm Deferred Compensation Plan, effective January 1, 2027, allowing eligible employees to defer up to 80% of base salary and 100% of annual bonuses, and directors to defer 100% of cash fees.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IRTC | +1.9% | -15.4% | -19.7% | -25.5% | -48.2% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -0.7% | -14.3% | -20.2% | -25.3% | -58.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.