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iRhythm Technologies, Inc. (IRTC) 10-Year Financial Performance & Capital Metrics

IRTC • • Industrial / General
HealthcareMedical DevicesDiagnostic & Imaging EquipmentPoint-of-Care Diagnostics
AboutiRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram (ECG) monitoring products for patients at risk for arrhythmias in the United States. It offers Zio service, an ambulatory cardiac monitoring solution that combines a wire-free, patch-based, and wearable biosensor with a cloud-based data analytic platform to help physicians to monitor patients and diagnose arrhythmias. The company's Zio XT and AT monitors, a single-use, wire-free, and wearable patch-based biosensors, records patient's heartbeats and ECG data. It has a development collaboration agreement with Verily Life Sciences LLC to develop various next-generation atrial fibrillation screening, detection, or monitoring products. The company was incorporated in 2006 and is headquartered in San Francisco, California.Show more
  • Revenue $592M +20.1%
  • EBITDA -$90M +12.9%
  • Net Income -$113M +8.2%
  • EPS (Diluted) -3.63 +10.1%
  • Gross Margin 68.86% +2.2%
  • EBITDA Margin -15.16% +27.5%
  • Operating Margin -19.52% +23.2%
  • Net Margin -19.14% +23.6%
  • ROE -75.27% -37.2%
  • ROIC -24.34% +22.8%
  • Debt/Equity 8.11 +1211.8%
  • Interest Coverage -9.01 +73.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 22.5%

✗Weaknesses

  • ✗High debt to equity ratio of 8.1x
  • ✗Negative free cash flow
  • ✗Expensive at 59.0x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y39.15%
5Y22.5%
3Y22.39%
TTM25.45%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM65.84%

EPS CAGR

10Y-
5Y-
3Y-
TTM66.62%

ROCE

10Y Avg-34.64%
5Y Avg-24.9%
3Y Avg-29.23%
Latest-20.15%

Peer Comparison

Point-of-Care Diagnostics
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LUCDLucid Diagnostics Inc.163.87M1.25-1.1979%-8.6%-404.1%3.94
BMRABiomerica, Inc.8.09M2.68-1.24-1.92%-90.29%-90.76%0.11
MDAISpectral AI, Inc.49.41M1.61-1.8963.83%-70.64%
CODXCo-Diagnostics, Inc.6.12M2.92-2.35-42.53%-63.36%-80.8%0.04

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+36.14M64.07M99.13M147.28M214.55M265.17M322.82M410.92M492.68M591.84M
Revenue Growth %0.66%0.77%0.55%0.49%0.46%0.24%0.22%0.27%0.2%0.2%
Cost of Goods Sold+14.7M20.88M28.2M38.8M52.48M70.28M109.26M129.29M160.88M184.31M
COGS % of Revenue0.41%0.33%0.28%0.26%0.24%0.27%0.34%0.31%0.33%0.31%
Gross Profit+21.44M43.19M70.93M108.48M162.07M194.89M213.57M281.63M331.81M407.53M
Gross Margin %0.59%0.67%0.72%0.74%0.76%0.73%0.66%0.69%0.67%0.69%
Gross Profit Growth %0.92%1.01%0.64%0.53%0.49%0.2%0.1%0.32%0.18%0.23%
Operating Expenses+43.07M58.77M98.52M154.17M216.82M238.56M313.51M395.42M456.97M523.04M
OpEx % of Revenue1.19%0.92%0.99%1.05%1.01%0.9%0.97%0.96%0.93%0.88%
Selling, General & Admin36.72M51.62M85.25M133.31M179.52M197.23M274.84M322.2M385.64M418.56M
SG&A % of Revenue1.02%0.81%0.86%0.91%0.84%0.74%0.85%0.78%0.78%0.71%
Research & Development6.35M7.15M13.27M20.86M37.3M41.33M38.67M46.61M60.24M103.83M
R&D % of Revenue0.18%0.11%0.13%0.14%0.17%0.16%0.12%0.11%0.12%0.18%
Other Operating Expenses000000026.61M11.08M641K
Operating Income+-21.63M-15.58M-27.59M-45.69M-54.76M-43.67M-99.94M-113.78M-125.16M-115.5M
Operating Margin %-0.6%-0.24%-0.28%-0.31%-0.26%-0.16%-0.31%-0.28%-0.25%-0.2%
Operating Income Growth %-0.47%0.28%-0.77%-0.66%-0.2%0.2%-1.29%-0.14%-0.1%0.08%
EBITDA+-21.14M-15.01M-25.99M-43.42M-51.31M-30.74M-83.35M-94.17M-103.02M-89.73M
EBITDA Margin %-0.58%-0.23%-0.26%-0.29%-0.24%-0.12%-0.26%-0.23%-0.21%-0.15%
EBITDA Growth %-0.46%0.29%-0.73%-0.67%-0.18%0.4%-1.71%-0.13%-0.09%0.13%
D&A (Non-Cash Add-back)492K568K1.6M2.27M3.44M12.93M16.59M19.61M22.14M25.78M
EBIT-21.74M-17.66M-26.35M-47.22M-52.86M-42.08M-99.83M-111.75M-119.01M-99.9M
Net Interest Income+-1.06M-3.25M-3.39M-3.12M-1.64M-1.52M-1.05M-1.79M2.5M9.12M
Interest Income000000118K2.35M6.16M21.94M
Interest Expense1.06M3.25M3.39M3.12M1.64M1.52M1.17M4.14M3.65M12.82M
Other Income/Expense-1.17M-5.32M-2.15M-4.64M252K72K-1.05M-2.1M2.5M2.78M
Pretax Income+-22.8M-20.9M-29.74M-50.33M-54.5M-43.6M-100.99M-115.89M-122.66M-112.72M
Pretax Margin %-0.63%-0.33%-0.3%-0.34%-0.25%-0.16%-0.31%-0.28%-0.25%-0.19%
Income Tax+00044K65K229K367K269K750K565K
Effective Tax Rate %1%1%1%1%1%1.01%1%1%1.01%1.01%
Net Income+-22.8M-20.9M-29.74M-50.38M-54.57M-43.83M-101.36M-116.16M-123.41M-113.29M
Net Margin %-0.63%-0.33%-0.3%-0.34%-0.25%-0.17%-0.31%-0.28%-0.25%-0.19%
Net Income Growth %-0.44%0.08%-0.42%-0.69%-0.08%0.2%-1.31%-0.15%-0.06%0.08%
Net Income (Continuing)-22.8M-20.9M-29.74M-50.38M-54.57M-43.83M-101.36M-116.16M-123.41M-113.29M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-1.54-3.95-1.30-2.02-2.16-1.58-3.46-3.88-4.04-3.63
EPS Growth %-0.44%-1.56%0.67%-0.55%-0.07%0.27%-1.19%-0.12%-0.04%0.1%
EPS (Basic)-1.54-3.95-1.30-2.02-2.16-1.58-3.46-3.88-4.04-3.63
Diluted Shares Outstanding14.77M5.29M22.63M23.89M25.27M27.75M29.33M29.92M30.53M31.2M
Basic Shares Outstanding14.77M5.29M22.63M23.89M25.27M27.75M29.33M29.92M30.53M31.2M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+32.83M118.61M119.58M106.48M172.79M377.82M305.52M288.77M230.81M645.82M
Cash & Short-Term Investments25.21M106.05M102.36M78.34M140.55M335.22M239.13M213.14M133.76M535.55M
Cash Only25.21M51.64M8.67M20.02M20.46M88.63M127.56M78.83M36.17M419.6M
Short-Term Investments054.41M93.69M58.32M120.09M246.59M111.57M134.31M97.59M115.96M
Accounts Receivable5.58M9.41M12.95M19.79M23.87M29.93M46.43M49.92M61.48M79.94M
Days Sales Outstanding56.3353.5847.6949.0540.641.252.544.3445.5549.3
Inventory1.15M1.39M1.68M2.06M4.04M5.31M10.27M15.15M13.97M14.04M
Days Inventory Outstanding28.4324.2921.7819.428.0727.5934.342.7831.727.8
Other Current Assets91K91K2.58M4.1M4.34M7.36M9.69M10.55M21.59M16.29M
Total Non-Current Assets+5.04M19.55M13.54M13.23M133.42M133.91M157.44M159.45M202.33M285.63M
Property, Plant & Equipment2.04M4.65M6.22M9.16M116.59M118.96M140.53M136.34M153.43M172.66M
Fixed Asset Turnover17.75x13.77x15.93x16.08x1.84x2.23x2.30x3.01x3.21x3.43x
Goodwill862K862K862K862K862K862K862K862K862K862K
Intangible Assets0000000000
Long-Term Investments010.98M2.99M08.03M0003M61.9M
Other Non-Current Assets2.15M3.05M3.46M3.21M7.94M14.09M16.05M22.25M45.04M50.21M
Total Assets+37.87M138.16M133.12M119.71M306.21M511.74M462.97M448.22M433.14M931.45M
Asset Turnover0.95x0.46x0.74x1.23x0.70x0.52x0.70x0.92x1.14x0.64x
Asset Growth %1.05%2.65%-0.04%-0.1%1.56%0.67%-0.1%-0.03%-0.03%1.15%
Total Current Liabilities+8.78M13.21M20.92M30.24M52.07M65.67M87.85M89.1M107.37M110.92M
Accounts Payable1.46M2.1M2.4M2.28M8.24M4.37M10.51M7.52M5.54M7.22M
Days Payables Outstanding36.2336.763121.4957.3222.6735.1121.2212.5814.3
Short-Term Debt001.49M01.94M11.67M11.67M000
Deferred Revenue (Current)506K947K1000K1000K1000K930K1000K1000K1000K1000K
Other Current Liabilities0257K1.38M5.81M9.75M13.96M8.57M18.7M1.04M35.11M
Current Ratio3.74x8.98x5.72x3.52x3.32x5.75x3.48x3.24x2.15x5.82x
Quick Ratio3.61x8.87x5.64x3.45x3.24x5.67x3.36x3.07x2.02x5.70x
Cash Conversion Cycle48.5341.1238.4846.9611.3546.1251.6965.964.6862.8
Total Non-Current Liabilities+130.72M32.38M32.65M35.05M118.74M104.46M95.6M119.31M115.68M729.62M
Long-Term Debt30.55M32.23M32.49M34.9M32.99M21.34M9.69M34.94M34.95M646.44M
Capital Lease Obligations000085.75M81.29M85.21M83.07M79.72M74.6M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities100.17M152K161K153K01.83M697K1.31M1.01M8.58M
Total Liabilities139.5M45.59M53.57M65.29M170.8M170.13M183.45M208.41M223.05M840.54M
Total Debt+30.55M32.23M33.98M34.9M128.59M122.47M117.71M131.04M129.82M736.91M
Net Debt5.34M-19.42M25.31M14.88M108.13M33.84M-9.85M52.21M93.65M317.31M
Debt / Equity-0.35x0.43x0.64x0.95x0.36x0.42x0.55x0.62x8.11x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-20.43x-4.80x-8.15x-14.67x-33.33x-28.75x-85.49x-27.50x-34.29x-9.01x
Total Equity+-101.62M92.56M79.55M54.42M135.41M341.61M279.51M239.81M210.1M90.91M
Equity Growth %-14.99%1.91%-0.14%-0.32%1.49%1.52%-0.18%-0.14%-0.12%-0.57%
Book Value per Share-6.8817.513.522.285.3612.319.538.026.882.91
Total Shareholders' Equity-101.62M92.56M79.55M54.42M135.41M341.61M279.51M239.81M210.1M90.91M
Common Stock1K22K23K23K25K27K27K28K31K31K
Retained Earnings-106.27M-127.17M-156.59M-203.51M-260.39M-304.68M-406.05M-522.2M-645.61M-758.89M
Treasury Stock-4.64M00000000-25M
Accumulated OCI-1.08M-9K-65K-41K82K11K-61K-396K-112K165K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-18M-16.65M-14.91M-29.07M-21.86M-13.76M-37.75M-23.01M-50.1M3.39M
Operating CF Margin %-0.5%-0.26%-0.15%-0.2%-0.1%-0.05%-0.12%-0.06%-0.1%0.01%
Operating CF Growth %-0.15%0.08%0.1%-0.95%0.25%0.37%-1.74%0.39%-1.18%1.07%
Net Income-22.8M-20.9M-29.42M-48.28M-54.57M-43.83M-101.36M-116.16M-123.41M0
Depreciation & Amortization492K568K1.6M2.27M3.44M6.9M16.59M19.61M22.14M0
Stock-Based Compensation1.41M1.87M10.12M16.33M26.24M41.52M057.74M77.2M0
Deferred Taxes10K4.69M9.06M17.41M23.76M31.86M0000
Other Non-Cash Items227K3.85M1.81M-2.93M8.99M6.03M93.24M81.3M76M102.51M
Working Capital Changes2.65M-6.73M-8.08M-13.87M-29.73M-56.23M-46.23M-65.51M-102.05M-99.12M
Change in Receivables-626K-8.52M-12.95M-22.89M-28.73M-37.96M-53.57M-61.84M-81.19M-91.92M
Change in Inventory-327K-245K-293K-380K-1.97M-1.39M-4.96M-5.11M979K-224K
Change in Payables132K305K634K-192K5.6M-3.88M6.13M-2.99M-1.97M-7.41M
Cash from Investing+-1.79M-68.17M-34.59M34.12M-89.27M-132.39M105.26M-52.43M-1.21M-122.98M
Capital Expenditures-1.79M-2.76M-3.56M-5.18M-20.46M-13.55M-28.07M-29.83M-40.42M-33.94M
CapEx % of Revenue0.05%0.04%0.04%0.04%0.1%0.05%0.09%0.07%0.08%0.06%
Acquisitions----------
Investments----------
Other Investing0-65.4M91K39.32M-68.82M-118.84M000-89.04M
Cash from Financing+36.38M111.25M6.53M6.3M111.58M214.32M-28.58M26.72M8.82M511.38M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing12.27M-3.18M142K2.8M4.21M10.23M-25.85M13.18M8.82M-83.46M
Net Change in Cash----------
Free Cash Flow+-19.79M-19.41M-18.47M-34.25M-42.32M-27.31M-65.82M-52.84M-90.53M-30.55M
FCF Margin %-0.55%-0.3%-0.19%-0.23%-0.2%-0.1%-0.2%-0.13%-0.18%-0.05%
FCF Growth %-0.22%0.02%0.05%-0.85%-0.24%0.35%-1.41%0.2%-0.71%0.66%
FCF per Share-1.34-3.67-0.82-1.43-1.67-0.98-2.24-1.77-2.97-0.98
FCF Conversion (FCF/Net Income)0.79x0.80x0.50x0.58x0.40x0.31x0.37x0.20x0.41x-0.03x
Interest Paid00000003.32M2.96M6.39M
Taxes Paid0000000287K1.13M923K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)--22.58%-34.56%-75.21%-57.49%-18.38%-32.64%-44.73%-54.86%-75.27%
Return on Invested Capital (ROIC)---23.25%-39.35%-26.25%-10.58%-23.24%-30.39%-31.51%-24.34%
Gross Margin59.32%67.41%71.55%73.66%75.54%73.5%66.16%68.54%67.35%68.86%
Net Margin-63.09%-32.62%-30%-34.21%-25.43%-16.53%-31.4%-28.27%-25.05%-19.14%
Debt / Equity-0.35x0.43x0.64x0.95x0.36x0.42x0.55x0.62x8.11x
Interest Coverage-20.43x-4.80x-8.15x-14.67x-33.33x-28.75x-85.49x-27.50x-34.29x-9.01x
FCF Conversion0.79x0.80x0.50x0.58x0.40x0.31x0.37x0.20x0.41x-0.03x
Revenue Growth66.17%77.29%54.72%48.57%45.68%23.59%21.74%27.29%19.9%20.13%

Revenue by Segment

2018201920202021202220232024
Commercial Payors69.36M-135.94M193.87M223.98M267.19M311.61M
Commercial Payors Growth---42.62%15.53%19.29%16.62%
Centers For Medicare And Medicaid40.55M58.92M72.54M44.53M103.03M122.41M142.39M
Centers For Medicare And Medicaid Growth-45.29%23.11%-38.61%131.38%18.81%16.32%
Healthcare Institutions37.38M43.02M41.4M57.5M59.77M71M95.11M
Healthcare Institutions Growth-15.09%-3.77%38.89%3.96%18.79%33.96%
Non-contracted Third-party Payors-10.77M15.29M26.93M24.13M32.07M42.73M
Non-contracted Third-party Payors Growth--42.01%76.06%-10.38%32.89%33.24%

Frequently Asked Questions

Growth & Financials

iRhythm Technologies, Inc. (IRTC) reported $702.6M in revenue for fiscal year 2024. This represents a 4472% increase from $15.4M in 2013.

iRhythm Technologies, Inc. (IRTC) grew revenue by 20.1% over the past year. This is strong growth.

iRhythm Technologies, Inc. (IRTC) reported a net loss of $51.5M for fiscal year 2024.

Dividend & Returns

iRhythm Technologies, Inc. (IRTC) has a return on equity (ROE) of -75.3%. Negative ROE indicates the company is unprofitable.

iRhythm Technologies, Inc. (IRTC) generated $32.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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