iRhythm Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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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, 2026 · Filed Aug 6, 2026
IRTC$86.06-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (unaudited) | ||||
| Revenue, net | $224,172 | $186,687 | $423,562 | $345,364 |
| Cost of revenue | 60,967 | 53,830 | 119,004 | 103,291 |
| Gross profit | 163,205 | 132,857 | 304,558 | 242,073 |
| Operating expenses: | ||||
| Research and development | 19,843 | 21,012 | 41,201 | 42,531 |
| Acquired in-process research and development | 299 | 1,698 | 595 | 1,994 |
| Selling, general and administrative | 131,655 | 126,376 | 267,539 | 246,333 |
| Litigation settlements | 13,950 | — | 13,950 | — |
| Impairment charges | — | 2,479 | — | 2,479 |
| Total operating expenses | 165,747 | 151,565 | 323,285 | 293,337 |
| Loss from operations | (2,542) | (18,708) | (18,727) | (51,264) |
| Interest and other income, net: | ||||
| Interest income | 4,776 | 5,321 | 9,655 | 10,240 |
| Interest expense | (3,294) | (3,278) | (6,584) | (6,551) |
| Other income, net | 679 | 2,264 | 1,842 | 3,139 |
| Total interest and other income, net | 2,161 | 4,307 | 4,913 | 6,828 |
| Loss before income taxes | (381) | (14,401) | (13,814) | (44,436) |
| Income tax provision (benefit) | — | (183) | 500 | 482 |
| Net loss | $(381) | $(14,218) | $(14,314) | $(44,918) |
| Net loss per common share, basic and diluted | $(0.01) | $(0.44) | $(0.44) | $(1.41) |
| Weighted-average shares, basic and diluted | 32,895 | 31,990 | 32,702 | 31,791 |
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