iRhythm Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $747.1M | $591.8M | $492.7M | $410.9M | $322.8M | $265.2M | $214.6M | $147.3M |
| Cost of Revenue | $219.9M | $184.3M | $160.9M | $129.3M | $109.3M | $70.3M | $52.5M | $38.8M |
| Gross Profit | $527.3M | $407.5M | $331.8M | $281.6M | $213.6M | $194.9M | $162.1M | $108.5M |
| Gross Margin | 70.6% | 68.9% | 67.3% | 68.5% | 66.2% | 73.5% | 75.5% | 73.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | $60.2M | $46.6M | $38.7M | $41.3M | $37.3M | $20.9M |
| SG&A Expense | $492.6M | $418.6M | $385.6M | $322.2M | $274.8M | $197.2M | $179.5M | $133.3M |
| Operating Income | $-57.4M | $-115.5M | $-125.2M | $-113.8M | $-99.9M | $-43.7M | $-54.8M | $-45.7M |
| Operating Margin | -7.7% | -19.5% | -25.4% | -27.7% | -31.0% | -16.5% | -25.5% | -31.0% |
| Interest Expense | — | — | $3.7M | $4.1M | $1.2M | $1.5M | $1.6M | $3.1M |
| Pretax Income | $-43.6M | $-112.7M | $-122.7M | $-115.9M | $-101.0M | $-43.6M | $-54.5M | $-50.3M |
| Income Tax Expense | $953.0K | $565.0K | $750.0K | $269.0K | $367.0K | $229.0K | $65.0K | $44.0K |
| Net Income | $-44.6M | $-113.3M | $-123.4M | $-116.2M | $-101.4M | $-43.8M | $-54.6M | $-50.4M |
| Net Margin | -6.0% | -19.1% | -25.0% | -28.3% | -31.4% | -16.5% | -25.4% | -34.2% |
| EPS (Basic) | $-1.39 | $-3.63 | $-4.04 | $-3.88 | $-3.46 | $-1.58 | $-2.16 | $-2.11 |
| EPS (Diluted) | $-1.39 | $-3.63 | $-4.04 | $-3.88 | $-3.46 | $-1.58 | $-2.16 | $-2.11 |
| Shares Outstanding (Basic) | 32.0M | 31.2M | 30.5M | 29.9M | 29.3M | 27.8M | 25.3M | 24.4M |
| Shares Outstanding (Diluted) | 32.0M | 31.2M | 30.5M | 29.9M | 29.3M | 27.8M | 25.3M | 24.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |