iRhythm Holdings, Inc.
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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.
Mar 31, 2025 · Filed May 1, 2025
IRTC$88.73-1.7%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (unaudited) | ||
| Revenue, net | $158,677 | $131,929 |
| Cost of revenue | 49,461 | 44,413 |
| Gross profit | 109,216 | 87,516 |
| Operating expenses: | ||
| Research and development | 21,519 | 16,994 |
| Acquired in-process research and development | 296 | — |
| Selling, general and administrative | 119,957 | 108,660 |
| Total operating expenses | 141,772 | 125,654 |
| Loss from operations | (32,556) | (38,138) |
| Interest and other income (expense), net: | ||
| Interest income | 4,919 | 3,057 |
| Interest expense | (3,273) | (2,860) |
| Loss on extinguishment of debt | — | (7,589) |
| Other income (expense), net | 875 | (105) |
| Total interest and other income (expense), net | 2,521 | (7,497) |
| Loss before income taxes | (30,035) | (45,635) |
| Income tax provision | 665 | 32 |
| Net loss | $(30,700) | $(45,667) |
| Net loss per common share, basic and diluted | $(0.97) | $(1.47) |
| Weighted-average shares, basic and diluted | 31,590 | 31,033 |
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