IRHYTHM HOLDINGS INC (IRTC)
Health Care · Ambulatory cardiac monitoring and wearable medical devices · NASDAQ
A leading digital health company that detects and monitors cardiac arrhythmias using a wearable ECG patch and cloud analytics platform, enabling faster diagnosis than traditional monitoring methods.
What IRHYTHM HOLDINGS INC does
iRhythm is a leading digital healthcare company that designs, develops, and commercializes device-based technology for ambulatory cardiac monitoring (ACM) services. The company's iRhythm ACM System combines a wire-free, patch-based 14-day wearable biosensor that continuously records ECG data with proprietary cloud-based analytics software to help physicians diagnose cardiac arrhythmias. Since FDA clearance in 2009, iRhythm has supported over 12 million patient reports and collected over 3 billion hours of curated heartbeat data, generating revenue primarily from third-party payors (Medicare and commercial insurers) and healthcare institutions.
Themes: ["Ambulatory cardiac monitoring / arrhythmia detection","Wearable medical devices","Digital health / remote patient monitoring","Cloud-based healthcare analytics","Atrial fibrillation (Afib) detection"]
Fundamentals
- Price$117.92 as of 2026-07-09 close
- Market cap$3.9B as of 2026-07-10
- 1-year return-11.3% as of 2026-07-09 close
- Net margin-3.5% as of 2026-07-10
- Gross margin+71.0% as of 2026-07-10
- ROE-20.6% as of 2026-07-10
- Debt / equity4.03 as of 2026-07-10
- Revenue growth (YoY)+27.4% as of 2026-07-10
- Revenue CAGR (3y)+22.1% SEC XBRL
- Beta1.32 as of 2026-07-10
Key risks (from latest filing)
["Dependence on third-party payors (primarily Medicare and contracted commercial insurers represent 79% of revenue) for reimbursement, subject to regulatory and pricing changes","Macroeconomic factors affecting payment delays, supply chain disruptions, and healthcare spending","Ongoing intellectual property litigation expenses, which represented $3.7 million in Q1 2026"]
Competitors & peers
- Medtronic (MDT)
- Abbott Laboratories (ABT)
- GE HealthCare (GEHC)
- Philips Healthcare
- AliveCor
- BioTelemetry (now Philips subsidiary)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.