iRhythm Technologies, Inc.

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

About this filing

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, 2025 · Filed Jul 31, 2025

IRTC$86.06-3.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
(unaudited)
Revenue, net	$186,687	$148,047	$345,364	$279,976
Cost of revenue	53,830	44,576	103,291	88,989
Gross profit	132,857	103,471	242,073	190,987
Operating expenses:
Research and development	21,012	19,690	42,531	36,684
Acquired in-process research and development	1,698	—	1,994	—
Selling, general and administrative	126,376	106,762	246,333	215,422
Impairment charges	2,479	—	2,479	—
Total operating expenses	151,565	126,452	293,337	252,106
Loss from operations	(18,708)	(22,981)	(51,264)	(61,119)
Interest and other income (expense), net:
Interest income	5,321	6,685	10,240	9,742
Interest expense	(3,278)	(3,312)	(6,551)	(6,172)
Loss on extinguishment of debt	—	—	—	(7,589)
Other income (expense), net	2,264	(305)	3,139	(410)
Total interest and other income (expense), net	4,307	3,068	6,828	(4,429)
Loss before income taxes	(14,401)	(19,913)	(44,436)	(65,548)
Income tax (benefit) provision	(183)	194	482	226
Net loss	$(14,218)	$(20,107)	$(44,918)	$(65,774)
Net loss per common share, basic and diluted	$(0.44)	$(0.65)	$(1.41)	$(2.12)
Weighted-average shares, basic and diluted	31,990	31,145	31,791	31,089

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.