iRhythm Technologies Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 20, 2025
IRTC$88.73-1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue, net | $591,839 | $492,681 | $410,921 |
| Cost of revenue | 184,308 | 160,875 | 129,289 |
| Gross profit | 407,531 | 331,806 | 281,632 |
| Operating expenses: | |||
| Research and development | 71,459 | 60,244 | 46,610 |
| Acquired in-process research and development | 32,371 | — | — |
| Selling, general and administrative | 418,565 | 385,645 | 322,198 |
| Impairment and restructuring charges | 641 | 11,078 | 26,608 |
| Total operating expenses | 523,036 | 456,967 | 395,416 |
| Loss from operations | (115,505) | (125,161) | (113,784) |
| Interest and other income (expense), net: | |||
| Interest income | 21,938 | 6,353 | 2,350 |
| Interest expense | (12,821) | (3,650) | (4,138) |
| Loss on extinguishment of debt | (7,589) | — | — |
| Other income (expense), net | 1,253 | (198) | (314) |
| Total interest and other income (expense), net | 2,781 | 2,505 | (2,102) |
| Loss before income taxes | (112,724) | (122,656) | (115,886) |
| Income tax provision | 565 | 750 | 269 |
| Net loss | $(113,289) | $(123,406) | $(116,155) |
| Net loss per common share, basic and diluted | $(3.63) | $(4.04) | $(3.88) |
| Weighted-average shares, basic and diluted | 31,196 | 30,528 | 29,916 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.