IRTC - iRhythm Technologies, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$193.67
DETAILS
HIGH:
$255.00
LOW:
$160.00
MEDIAN:
$184.00
CONSENSUS:
$193.67
UPSIDE:
66.15%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 747.1 | 591.8 | 492.7 | 410.9 | 322.8 | 265.2 | 214.6 | 147.3 | 99.1 | 64.1 | 36.1 | 21.7 | 15.4 |
| Cost of Revenue | 219.9 | 184.3 | 160.9 | 129.3 | 109.3 | 70.3 | 52.5 | 38.8 | 28.2 | 20.9 | 14.7 | 10.6 | 8.8 |
| Gross Profit | 527.2 | 407.5 | 331.8 | 281.6 | 213.6 | 194.9 | 162.1 | 108.5 | 70.9 | 43.2 | 21.4 | 11.2 | 6.5 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 84.6 | 103.8 | 60.2 | 46.6 | 38.7 | 41.3 | 37.3 | 20.9 | 13.3 | 7.2 | 6.3 | 5.7 | 3.7 |
| SG&A Expenses | 479.4 | 418.6 | 385.6 | 322.2 | 274.8 | 197.2 | 179.5 | 133.3 | 85.3 | 51.6 | 36.7 | 20.2 | 14.0 |
| Other Expenses | 0 | 0.6 | 11.1 | 26.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 564.1 | 523.0 | 457.0 | 395.4 | 313.5 | 238.6 | 216.8 | 154.2 | 98.5 | 58.8 | 43.1 | 25.9 | 18.4 |
| Operating Income | |||||||||||||
| Operating Income | (36.8) | (115.5) | (125.2) | (113.8) | (99.9) | (43.7) | (54.8) | (45.7) | (27.6) | (15.6) | (21.6) | (14.8) | (11.2) |
| Interest Expense | 13.2 | 12.8 | 3.6 | 4.1 | 1.2 | 1.5 | 1.6 | 3.1 | 3.4 | 3.2 | 1.1 | 0.8 | 0 |
| Interest Income | 21.5 | 21.9 | 6.2 | 2.4 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 |
| Profitability | |||||||||||||
| EBITDA | (10.3) | (74.1) | (96.9) | (92.1) | (83.2) | (29.2) | (49.4) | (45.0) | (24.8) | (17.1) | (21.2) | (14.8) | (11.0) |
| EBIT | (36.8) | (99.9) | (119.0) | (111.7) | (99.8) | (42.1) | (52.9) | (47.2) | (26.4) | (17.7) | (21.7) | (15.1) | (11.2) |
| Income Before Tax | (43.6) | (112.7) | (122.7) | (115.9) | (101.0) | (43.6) | (54.5) | (50.3) | (29.7) | (20.9) | (22.8) | (15.8) | (13.6) |
| Income Tax Expense | 1.0 | 0.6 | 0.8 | 0.3 | 0.4 | 0.2 | 0.1 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (44.6) | (113.3) | (123.4) | (116.2) | (101.4) | (43.8) | (54.6) | (50.4) | (29.7) | (20.9) | (22.8) | (15.8) | (13.6) |
| Per Share Data | |||||||||||||
| EPS (Basic) | -1.39 | -3.63 | -4.04 | -3.88 | -3.46 | -1.58 | -2.16 | -2.02 | -1.30 | -3.95 | -1.54 | -1.07 | -10.69 |
| EPS (Diluted) | -1.39 | -3.63 | -4.04 | -3.88 | -3.46 | -1.58 | -2.16 | -2.02 | -1.30 | -3.95 | -1.54 | -1.07 | -10.69 |
| Shares Outstanding | 32.0 | 31.2 | 30.5 | 29.9 | 29.3 | 27.8 | 25.3 | 23.9 | 22.6 | 5.3 | 14.8 | 14.8 | 1.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 236.0 | 419.6 | 36.2 | 78.8 | 127.6 | 88.6 | 20.5 | 20.0 | 8.7 | 51.6 |
| Short-Term Investments | 347.8 | 116.0 | 97.6 | 134.3 | 111.6 | 246.6 | 120.1 | 58.3 | 93.7 | 54.4 |
| Net Receivables | 75.7 | 79.9 | 61.5 | 49.9 | 46.4 | 29.9 | 23.9 | 19.8 | 13.0 | 9.4 |
| Inventory | 21.6 | 14.0 | 14.0 | 15.2 | 10.3 | 5.3 | 4.0 | 2.1 | 1.7 | 1.4 |
| Other Current Assets | 21.7 | 16.3 | 21.6 | 10.6 | 9.7 | 7.4 | 4.3 | 4.1 | 2.6 | 0.1 |
| Total Current Assets | 702.8 | 645.8 | 230.8 | 288.8 | 305.5 | 377.8 | 172.8 | 106.5 | 119.6 | 118.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 193.4 | 172.7 | 153.4 | 136.3 | 140.5 | 119.0 | 116.6 | 9.2 | 6.2 | 4.7 |
| Goodwill | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 69.9 | 61.9 | 3 | 0 | 0 | 0 | 8.0 | 0 | 3.0 | 11.0 |
| Other Non-Current Assets | 53.1 | 50.2 | 45.0 | 22.3 | 16.1 | 14.1 | 7.9 | 3.2 | 3.5 | 3.1 |
| Total Non-Current Assets | 317.3 | 285.6 | 202.3 | 159.4 | 157.4 | 133.9 | 133.4 | 13.2 | 13.5 | 19.5 |
| Total Assets | 1,020.0 | 931.4 | 433.1 | 448.2 | 463.0 | 511.7 | 306.2 | 119.7 | 133.1 | 138.2 |
| Current Liabilities | ||||||||||
| Account Payables | 2.3 | 7.2 | 5.5 | 7.5 | 10.5 | 4.4 | 8.2 | 2.3 | 2.4 | 2.1 |
| Short-Term Debt | 16.7 | 0 | 0 | 0 | 11.7 | 11.7 | 1.9 | 0 | 1.5 | 0 |
| Deferred Revenue | 4.2 | 2.9 | 3.3 | 3.1 | 3.0 | 0.9 | 1.3 | 1.2 | 1.2 | 0.9 |
| Other Current Liabilities | 128.7 | 35.1 | 1.0 | 18.7 | 8.6 | 14.0 | 9.7 | 5.8 | 1.4 | 0.3 |
| Total Current Liabilities | 151.9 | 110.9 | 107.4 | 89.1 | 87.9 | 65.7 | 52.1 | 30.2 | 20.9 | 13.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 714.5 | 646.4 | 35.0 | 34.9 | 9.7 | 21.3 | 33.0 | 34.9 | 32.5 | 32.2 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.9 | 8.6 | 1.0 | 1.3 | 0.7 | 1.8 | 0 | 0.2 | 0.2 | 0.2 |
| Total Non-Current Liabilities | 715.4 | 729.6 | 115.7 | 119.3 | 95.6 | 104.5 | 118.7 | 35.1 | 32.7 | 32.4 |
| Total Liabilities | 867.3 | 840.5 | 223.0 | 208.4 | 183.5 | 170.1 | 170.8 | 65.3 | 53.6 | 45.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (803.4) | (758.9) | (645.6) | (522.2) | (406.0) | (304.7) | (260.4) | (203.5) | (156.6) | (127.2) |
| Accumulated Other Comprehensive Income | 0.4 | 0.2 | (0.1) | (0.4) | (0.1) | 0.0 | 0.1 | (0.0) | (0.1) | (0.0) |
| Total Stockholders' Equity | 152.7 | 90.9 | 210.1 | 239.8 | 279.5 | 341.6 | 135.4 | 54.4 | 79.6 | 92.6 |
| Total Liabilities & Equity | 1,020.0 | 931.4 | 433.1 | 448.2 | 463.0 | 511.7 | 306.2 | 119.7 | 133.1 | 138.2 |
| Debt Metrics | ||||||||||
| Total Debt | 731.2 | 736.9 | 129.8 | 131.0 | 117.7 | 122.5 | 128.6 | 34.9 | 34.0 | 32.2 |
| Net Debt | 495.2 | 317.3 | 93.7 | 52.2 | (9.9) | 33.8 | 108.1 | 14.9 | 25.3 | (19.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (44.6) | 0 | (123.4) | (116.2) | (101.4) | (43.8) | (54.6) | (48.3) | (29.4) | (20.9) |
| Depreciation & Amortization | 0 | 0 | 22.1 | 19.6 | 16.6 | 6.9 | 3.4 | 2.3 | 1.6 | 0.6 |
| Stock-Based Compensation | 0 | 0 | 77.2 | 57.7 | 54.5 | 41.5 | 26.2 | 16.3 | 10.1 | 1.9 |
| Change in Working Capital | (91.7) | (99.1) | (102.0) | (65.5) | (46.2) | (56.2) | (29.7) | (13.9) | (8.1) | (6.7) |
| Other Non-Cash Items | 217.1 | 102.5 | 76.0 | 81.3 | 38.7 | 6.0 | 9.0 | (2.9) | 1.8 | 3.9 |
| Operating Cash Flow | 80.9 | 3.4 | (50.1) | (23.0) | (37.8) | (13.8) | (21.9) | (29.1) | (14.9) | (16.7) |
| Investing Activities | ||||||||||
| Capital Expenditure | (46.3) | (33.9) | (40.4) | (29.8) | (28.1) | (13.6) | (20.5) | (5.2) | (3.6) | (2.8) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 118.8 | 68.8 | 0 | 0 | 0 |
| Purchases of Investments | (468.4) | 0 | (167.3) | (188.6) | (122.2) | (277.5) | (165.9) | (93.2) | (129.8) | (65.4) |
| Sales/Maturities of Investments | 237.7 | 0 | 206.5 | 166.0 | 255.5 | 158.7 | 97.1 | 132.5 | 98.7 | 0 |
| Other Investing Activities | 0 | (89.0) | 0 | 0 | 0 | (118.8) | (68.8) | 39.3 | 0.1 | (65.4) |
| Investing Cash Flow | (277.1) | (123.0) | (1.2) | (52.4) | 105.3 | (132.4) | (89.3) | 34.1 | (34.6) | (68.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 619.8 | 0 | 13.5 | (11.7) | (1.9) | 0 | 3.5 | 0 | 0 |
| Stock Repurchased | 0 | (25) | 0 | 0 | 0 | 0 | 0 | (3.9) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | (83.5) | 8.8 | 13.2 | (25.9) | 10.2 | 4.2 | 2.8 | 0.1 | (3.2) |
| Financing Cash Flow | 12.6 | 511.4 | 8.8 | 26.7 | (28.6) | 214.3 | 111.6 | 6.3 | 6.5 | 111.3 |
| Cash Position | ||||||||||
| Net Change in Cash | (183.6) | 391.8 | (42.7) | (48.7) | 38.9 | 68.2 | 0.4 | 11.4 | (43.0) | 26.4 |
| Cash at Beginning | 419.6 | 36.2 | 78.8 | 127.6 | 88.6 | 20.5 | 20.0 | 8.7 | 51.6 | 25.2 |
| Cash at End | 236.0 | 428.0 | 36.2 | 78.8 | 127.6 | 88.6 | 20.5 | 20.0 | 8.7 | 51.6 |
| Free Cash Flow | 34.5 | (30.6) | (90.5) | (52.8) | (65.8) | (27.3) | (42.3) | (34.2) | (18.5) | (19.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 747.1 | 591.8 | 492.7 | 410.9 | 322.8 | 265.2 | 214.6 | 147.3 | 99.1 | 64.1 | 36.1 | 21.7 | 15.4 |
| Gross Profit | 527.2 | 407.5 | 331.8 | 281.6 | 213.6 | 194.9 | 162.1 | 108.5 | 70.9 | 43.2 | 21.4 | 11.2 | 6.5 |
| Operating Income | (36.8) | (115.5) | (125.2) | (113.8) | (99.9) | (43.7) | (54.8) | (45.7) | (27.6) | (15.6) | (21.6) | (14.8) | (11.2) |
| Net Income | (44.6) | (113.3) | (123.4) | (116.2) | (101.4) | (43.8) | (54.6) | (50.4) | (29.7) | (20.9) | (22.8) | (15.8) | (13.6) |
| EPS (Diluted) | -1.39 | -3.63 | -4.04 | -3.88 | -3.46 | -1.58 | -2.16 | -2.02 | -1.30 | -3.95 | -1.54 | -1.07 | -10.69 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 236.0 | 419.6 | 36.2 | 78.8 | 127.6 | 88.6 | 20.5 | 20.0 | 8.7 | 51.6 | |||
| Total Assets | 1,020.0 | 931.4 | 433.1 | 448.2 | 463.0 | 511.7 | 306.2 | 119.7 | 133.1 | 138.2 | |||
| Total Debt | 731.2 | 736.9 | 129.8 | 131.0 | 117.7 | 122.5 | 128.6 | 34.9 | 34.0 | 32.2 | |||
| Stockholders' Equity | 152.7 | 90.9 | 210.1 | 239.8 | 279.5 | 341.6 | 135.4 | 54.4 | 79.6 | 92.6 | |||
| Cash Flow | |||||||||||||
| Operating Cash Flow | 80.9 | 3.4 | (50.1) | (23.0) | (37.8) | (13.8) | (21.9) | (29.1) | (14.9) | (16.7) | |||
| Capital Expenditure | (46.3) | (33.9) | (40.4) | (29.8) | (28.1) | (13.6) | (20.5) | (5.2) | (3.6) | (2.8) | |||
| Free Cash Flow | 34.5 | (30.6) | (90.5) | (52.8) | (65.8) | (27.3) | (42.3) | (34.2) | (18.5) | (19.4) | |||