iRhythm Technologies Inc
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
IRTC$88.73-1.7%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(In thousands, except par value)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $550,552 | $36,173 |
| Marketable securities | 10,905 | 97,591 |
| Accounts receivable, net | 85,513 | 61,484 |
| Inventory | 15,425 | 13,973 |
| Prepaid expenses and other current assets | 15,113 | 21,591 |
| Total current assets | 677,508 | 230,812 |
| Property and equipment, net | 117,572 | 104,114 |
| Operating lease right-of-use assets | 46,833 | 49,317 |
| Restricted cash, long-term | 8,358 | — |
| Goodwill | 862 | 862 |
| Other assets | 68,052 | 48,039 |
| Total assets | $919,185 | $433,144 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $13,425 | $5,543 |
| Accrued liabilities | 65,940 | 83,362 |
| Deferred revenue | 3,146 | 3,306 |
| Operating lease liabilities, current portion | 15,384 | 15,159 |
| Total current liabilities | 97,895 | 107,370 |
| Long-term senior convertible notes | 644,977 | — |
| Debt, noncurrent portion | — | 34,950 |
| Other noncurrent liabilities | 940 | 1,012 |
| Operating lease liabilities, noncurrent portion | 76,184 | 79,715 |
| Total liabilities | 819,996 | 223,047 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value – 5,000 shares authorized; none issued and outstanding at June 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.001 par value – 100,000 shares authorized; 31,439 shares issued and 31,210 shares outstanding at June 30, 2024, respectively; and 30,954 shares issued and outstanding at December 31, 2023 | 31 | 31 |
| Additional paid-in capital | 835,356 | 855,784 |
| Accumulated other comprehensive income (loss) | 182 | (112) |
| Accumulated deficit | (711,380) | (645,606) |
| Treasury stock, at cost; 229 and 0 shares at June 30, 2024 and December 31, 2023, respectively | (25,000) | — |
| Total stockholders’ equity | 99,189 | 210,097 |
| Total liabilities and stockholders’ equity | $919,185 | $433,144 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.