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IRTC

IRTC - iRhythm Technologies Inc Stock Price, Fair Value and News

98.16USD+2.41 (+2.52%)Market Closed

Market Summary

IRTC
USD98.16+2.41
Market Closed
2.52%

IRTC Alerts

  • 1 major insider sales recently.
  • Losses in recent quarter

IRTC Stock Price

View Fullscreen

IRTC RSI Chart

IRTC Valuation

Market Cap

3.1B

Price/Earnings (Trailing)

-23.49

Price/Sales (Trailing)

5.95

EV/EBITDA

-24.27

Price/Free Cashflow

-26.98

IRTC Price/Sales (Trailing)

IRTC Profitability

Operating Margin

66.96%

EBT Margin

-25.19%

Return on Equity

-143.94%

Return on Assets

-14.29%

Free Cashflow Yield

-3.71%

IRTC Fundamentals

IRTC Revenue

Revenue (TTM)

513.2M

Rev. Growth (Yr)

18.39%

Rev. Growth (Qtr)

-0.44%

IRTC Earnings

Earnings (TTM)

-130.0M

Earnings Growth (Yr)

-16.77%

Earnings Growth (Qtr)

-18.01%

Breaking Down IRTC Revenue

Last 7 days

5.9%

Last 30 days

3.5%

Last 90 days

-7.0%

Trailing 12 Months

-3.3%

How does IRTC drawdown profile look like?

IRTC Financial Health

Current Ratio

7.1

Debt/Equity

0.39

Debt/Cashflow

-2.04

IRTC Investor Care

Shares Dilution (1Y)

2.08%

Diluted EPS (TTM)

-4.22

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024513.2M000
2023430.0M452.1M472.8M492.7M
2022340.9M361.7M380.1M410.9M
2021275.9M306.3M319.8M322.8M
2020229.8M228.2M245.5M265.2M
2019163.8M181.0M197.2M214.6M
2018108.8M120.3M133.7M147.3M
201772.7M80.8M89.0M98.5M
201641.9M48.8M56.2M64.1M
201525.3M28.9M32.5M36.1M
201400021.7M
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Tracking the Latest Insider Buys and Sells of iRhythm Technologies Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 03, 2024
shrishrimal sumi
sold
-100,557
88.91
-1,131
evp, chief risk officer
Jun 03, 2024
rosenbaum marc w.
sold
-45,344
88.91
-510
chief accounting officer
May 29, 2024
ling karen
acquired
-
-
1,841
-
May 29, 2024
poul mojdeh
acquired
-
-
1,841
-
May 29, 2024
talwalkar abhijit y
acquired
-
-
1,841
-
May 29, 2024
bairey merz cathleen noel
acquired
-
-
1,841
-
May 29, 2024
rubash mark j
acquired
-
-
1,841
-
May 29, 2024
yoor brian b
acquired
-
-
1,841
-
May 29, 2024
bodaken bruce g.
acquired
-
-
1,841
-
May 29, 2024
snyderman ralph
acquired
-
-
1,841
-

1–10 of 50

Which funds bought or sold IRTC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
unchanged
-
71.00
3,068
-%
May 17, 2024
Shaolin Capital Management LLC
new
-
3,468,400
3,468,400
0.04%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.06
99,614
3,555,400
-%
May 16, 2024
JANE STREET GROUP, LLC
added
172
8,205,550
12,401,000
-%
May 16, 2024
Ancora Advisors LLC
unchanged
-
11,917
154,280
-%
May 16, 2024
COMERICA BANK
added
5,033
4,438,450
4,519,590
0.02%
May 15, 2024
ALGERT GLOBAL LLC
added
3.37
103,000
961,000
0.04%
May 15, 2024
BAMCO INC /NY/
new
-
5,220,000
5,220,000
0.01%
May 15, 2024
Tower Research Capital LLC (TRC)
reduced
-95.26
-802,758
43,500
-%
May 15, 2024
GOLDMAN SACHS GROUP INC
added
30.74
7,171,220
24,375,500
-%

1–10 of 40

Are Funds Buying or Selling IRTC?

Are funds buying IRTC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own IRTC
No. of Funds

Unveiling iRhythm Technologies Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
9.77%
2,993,443
SC 13G/A
Feb 13, 2024
sands capital management, llc
7.3%
2,237,750
SC 13G/A
Feb 12, 2024
artisan partners limited partnership
6.8%
2,071,500
SC 13G
Feb 09, 2024
capital research global investors
8.1%
2,495,626
SC 13G
Jan 25, 2024
blackrock inc.
8.1%
2,494,403
SC 13G/A
Feb 14, 2023
sands capital management, llc
9.1%
2,667,428
SC 13G/A
Feb 09, 2023
vanguard group inc
9.55%
2,876,849
SC 13G/A
Jan 31, 2023
blackrock inc.
7.6%
2,288,507
SC 13G/A
Jan 27, 2023
mackenzie financial corp
4.14%
1,246,524
SC 13G/A
Nov 07, 2022
jpmorgan chase & co
4.0%
1,225,734
SC 13G/A

Recent SEC filings of iRhythm Technologies Inc

View All Filings
Date Filed Form Type Document
Jun 18, 2024
144
Notice of Insider Sale Intent
Jun 05, 2024
4
Insider Trading
Jun 05, 2024
4
Insider Trading
Jun 03, 2024
4
Insider Trading
Jun 03, 2024
4
Insider Trading
Jun 03, 2024
4
Insider Trading
Jun 03, 2024
4
Insider Trading
Jun 03, 2024
4
Insider Trading
Jun 03, 2024
4
Insider Trading
Jun 03, 2024
4
Insider Trading

Peers (Alternatives to iRhythm Technologies Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
181.0B
40.3B
-0.10% -2.08%
32.14
4.49
-2.84% -3.00%
67.6B
19.7B
-1.04% -9.58%
50.7
3.43
4.82% -17.56%
18.2B
3.9B
-10.79% -26.67%
39.44
4.66
5.72% 46.72%
17.2B
14.9B
-4.26% -25.60%
6.49
1.15
2.98% 207.68%
MID-CAP
9.7B
3.5B
-0.60% 25.29%
31.07
2.74
6.16% 35.06%
8.7B
12.4B
-8.47% -12.48%
22.53
0.7
-0.93% -18.83%
8.2B
2.6B
-1.69% -23.28%
-25.56
3.16
-6.25% -68.58%
5.3B
3.9B
-9.26% -35.41%
-55.79
1.35
0.23% 90.80%
3.4B
387.1M
-0.06% 30.91%
-216.17
8.9
30.82% 65.57%
2.2B
6.6B
-1.48% -10.95%
12.01
0.34
1.50% -10.29%
SMALL-CAP
1.5B
3.2B
12.63% 11.29%
-2.15
0.46
7.94% -1695.32%
384.5M
169.3M
2.09% -2.41%
-5
2.27
7.49% -244.90%
226.3M
324.0M
-6.46% -49.01%
-1.18
0.7
-3.19% -337.41%
47.1M
50.5M
-15.62% -80.60%
-2.07
0.93
14.25% -10.06%
1.8M
3.7M
70.00% -81.62%
-0.15
0.48
5.77% 8.23%

iRhythm Technologies Inc News

Latest updates
MarketBeat11 hours ago
Investing.com05 Jun 202409:03 pm

iRhythm Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-0.4%131,929,000132,511,000124,604,000124,130,000111,436,000112,617,000103,875,000102,051,00092,378,00081,804,00085,432,00081,278,00074,311,00078,809,00071,944,00050,878,00063,535,00059,104,00054,673,00052,441,00048,334,000
Cost Of Revenue-1.5%44,413,00045,085,00042,130,00037,905,00035,755,00033,910,00032,954,00031,806,00030,619,00030,521,00029,284,00025,995,00023,458,00020,498,00018,232,00015,484,00016,063,00013,915,00013,785,00013,012,00011,773,000
Gross Profit0.1%87,516,00087,426,00082,474,00086,225,00075,681,00078,707,00070,921,00070,245,00061,759,00051,283,00056,148,00055,283,00050,853,00058,311,00053,712,00035,394,00047,472,00045,189,00040,888,00039,429,00036,561,000
Operating Expenses-0.8%125,654,000126,608,000110,077,000105,097,000115,185,00099,405,00092,007,00093,696,000110,308,00083,482,00079,430,00072,275,00078,323,00067,892,00058,469,00055,556,00056,645,00062,915,00059,148,00049,994,00044,765,000
  S&GA Expenses8.5%108,660,000100,114,00093,768,00091,420,000100,343,00086,730,00080,559,00081,751,00073,158,00071,612,00070,745,00062,669,00069,813,00056,288,00049,701,00043,014,00048,230,00053,647,00045,649,00042,161,00038,066,000
  R&D Expenses10.2%16,994,00015,416,00016,309,00013,677,00014,842,00012,675,00011,448,00011,945,00010,542,00011,870,0008,685,0009,606,0008,510,00011,604,0008,768,00012,542,0008,415,0009,268,00013,499,0007,833,0006,699,000
EBITDA Margin1.0%-0.21-0.21-0.18-0.18-0.20-0.24-0.29-0.32-0.32-0.28-0.21-0.16---------
Interest Expenses203.9%2,860,000941,000927,000832,000950,0001,013,000614,000482,0002,029,000248,000279,000307,000335,000374,000384,000381,000380,000385,000409,000440,000409,000
Income Taxes-87.5%32,000255,000195,000213,00087,00073,000116,00033,00047,00059,00094,000116,00098,000-24,000105,000131,00017,00018,00020,00015,00012,000
Earnings Before Taxes-18.7%-45,635,000-38,444,000-26,921,000-18,269,000-39,022,000-20,125,000-21,335,000-23,864,000-50,562,000-32,432,000-23,637,000-17,244,000-27,681,000-9,675,000-4,572,000-20,306,000-9,048,000-17,282,000-18,273,000-10,710,000-8,238,000
EBT Margin-1.2%-0.25-0.25-0.22-0.22-0.24-0.28-0.34-0.36-0.36-0.31-0.24-0.19---------
Net Income-18.0%-45,667,000-38,699,000-27,116,000-18,482,000-39,109,000-20,198,000-21,451,000-23,897,000-50,609,000-32,491,000-23,731,000-17,360,000-27,779,000-9,651,000-4,677,000-20,437,000-9,065,000-17,300,000-18,293,000-10,725,000-8,250,000
Net Income Margin-1.1%-0.25-0.25-0.22-0.22-0.24-0.28-0.34-0.36-0.36-0.31-0.25-0.19---------
Free Cashflow-109.6%-61,805,000-29,489,000-7,891,000-13,969,000-39,176,0005,483,000-2,664,000-11,204,000-44,457,000-17,670,0004,369,000-6,466,000---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets110.0%910433440429422448440436429463480485478512497276283306310205115
  Current Assets197.8%68723123424225428928628528630632533633637836614715417318592.0092.00
    Cash Equivalents1338.7%52036.0047.0062.0053.0079.0071.0010195.0012816713913789.0095.0082.0057.0020.0035.0016.0028.00
  Inventory6.4%15.0014.0014.0014.0016.0015.0014.0014.0012.0010.0010.009.007.005.005.005.004.004.003.003.003.00
  Net PPE7.8%11210497.0090.0082.0076.0072.0066.0057.0056.0053.0047.0037.0034.0033.0030.0028.0026.0018.0013.0010.00
  Goodwill0%1.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.00
Liabilities267.4%81922322020620020820119118418318417916917016315815817116715968.00
  Current Liabilities-9.8%97.0010710289.0082.0089.0084.0070.0062.0088.0083.0073.0059.0066.0056.0047.0043.0052.0045.0035.0029.00
  Long Term Debt-100.0%-35.0035.0035.0035.0035.0035.0035.0035.0010.0013.0016.0018.0021.0024.0027.0030.0033.0035.0035.0035.00
    LT Debt, Non Current-100.0%-35.0035.0035.0035.0035.0035.0035.0035.0010.0013.0016.0018.0021.0024.0027.0030.0033.0035.0035.0035.00
Shareholder's Equity-57.0%90.0021090.0022422224023924524528029630631034233511812513514347.0048.00
  Retained Earnings-7.1%-691-645-606-579-561-522-502-480-456-406-373-349-332-304-295-290-269-260-243-224-214
  Additional Paid-In Capital-5.7%807856827804783762742726702686669656642646629408395396386271262
Shares Outstanding0.5%31.0031.0031.0031.0030.0030.0030.0030.0030.0029.0029.0029.00---------
Float----3,200---3,200---1,900---3,100---1,950-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-225.8%-52,029-15,9721,196-4,572-30,75312,5763,669-372-38,885-13,04517,677-543-41,8427,81810,942-10,153-22,366-4,860-8611,021-17,163
  Share Based Compensation-12.0%20,99123,84621,00814,09918,25115,79412,94515,09813,90311,87712,16010,26020,23013,99817,4449,7683057,1777,4016,8074,856
Cashflow From Investing2757.0%39,9981,400-15,4389,0093,820-8,114-35,362-431-8,527-27,13313,6601,702117,035-17,485-204,48129,66459,911-12,508-87,063-16,08226,379
Cashflow From Financing14451.4%504,6413,46866.004,3819053,1481,6627,27014,636369-2,838338-26,4462,959207,1455,705-1,4933,196106,5742,944-1,138
  Buy Backs-25,000--------------------
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IRTC Income Statement

2024-03-31
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]  
Revenue, net$ 131,929$ 111,436
Cost of revenue44,41335,755
Gross profit87,51675,681
Operating expenses:  
Research and development16,99414,842
Selling, general and administrative108,660100,343
Total operating expenses125,654115,185
Loss from operations(38,138)(39,504)
Interest expense(2,860)(950)
Interest and other income, net2,9521,432
Loss on extinguishment of debt(7,589)0
Loss before income taxes(45,635)(39,022)
Income tax provision3287
Net loss$ (45,667)$ (39,109)
Net loss per common share, basic (in USD per share)$ (1.47)$ (1.29)
Net loss per common share, diluted (in USD per share)$ (1.47)$ (1.29)
Weighted-average shares, basic (in shares)31,03330,297
Weighted-average shares, diluted (in shares)31,03330,297

IRTC Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:  
Cash and cash equivalents$ 520,421$ 36,173
Marketable securities48,67197,591
Accounts receivable, net89,71261,484
Inventory14,87313,973
Prepaid expenses and other current assets13,77821,591
Total current assets687,455230,812
Property and equipment, net112,274104,114
Operating lease right-of-use assets48,07349,317
Restricted cash, long-term8,3580
Goodwill862862
Other assets52,73348,039
Total assets909,755433,144
Current liabilities:  
Accounts payable8,4405,543
Accrued liabilities70,04483,362
Deferred revenue3,0683,306
Operating lease liabilities, current portion15,28915,159
Total current liabilities96,841107,370
Long-term senior convertible notes644,0760
Debt, noncurrent portion034,950
Other noncurrent liabilities9081,012
Operating lease liabilities, noncurrent portion77,64079,715
Total liabilities819,465223,047
Commitments and contingencies (Note 7)
Stockholders’ equity:  
Preferred stock, $0.001 par value – 5,000 shares authorized; none issued and outstanding at March 31, 2024 and December 31, 202300
Common stock, $0.001 par value – $100,000 shares authorized; $31,326 shares issued and $31,097 shares outstanding at March 31, 2024, respectively; and $30,954 shares issued and outstanding at December 31, 20233131
Additional paid-in capital806,621855,784
Accumulated other comprehensive loss(89)(112)
Accumulated deficit(691,273)(645,606)
Treasury stock, at cost; $229 and $0 shares at March 31, 2024 and December 31, 2023, respectively(25,000)0
Total stockholders’ equity90,290210,097
Total liabilities and stockholders’ equity$ 909,755$ 433,144
Treasury stock (in shares)2290
IRTC
iRhythm 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.
 CEO
 WEBSITEirhythmtech.com
 INDUSTRYMedical Instruments & Supplies
 EMPLOYEES1793

iRhythm Technologies Inc Frequently Asked Questions


What is the ticker symbol for iRhythm Technologies Inc? What does IRTC stand for in stocks?

IRTC is the stock ticker symbol of iRhythm Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of iRhythm Technologies Inc (IRTC)?

As of Tue Jun 18 2024, market cap of iRhythm Technologies Inc is 3.05 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of IRTC stock?

You can check IRTC's fair value in chart for subscribers.

What is the fair value of IRTC stock?

You can check IRTC's fair value in chart for subscribers. The fair value of iRhythm Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of iRhythm Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for IRTC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is iRhythm Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether IRTC is over valued or under valued. Whether iRhythm Technologies Inc is cheap or expensive depends on the assumptions which impact iRhythm Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for IRTC.

What is iRhythm Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Jun 18 2024, IRTC's PE ratio (Price to Earnings) is -23.49 and Price to Sales (PS) ratio is 5.95. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. IRTC PE ratio will change depending on the future growth rate expectations of investors.