Filing Flows › Iradimed (IRMD) › How it makes money
How Iradimed (IRMD) makes money
Iradimed (IRMD) made $24.2M of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Total devices revenue brought in $17.2M (71%); Disposables brought in $5.0M (21%); Services and other brought in $1.2M (5%). Of every dollar of revenue, 76¢ was left as gross profit, 34¢ was left as operating profit, 27¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Total devices revenue | $17.2M | 71.0% | +24% | +10% |
| ↳ MRI Compatible IV Infusion Pumps | $8.7M | 35.9% | +35% | +4% |
| ↳ MRI Compatible Patient Vital Signs Monitoring Systems | $8.0M | 33.1% | +20% | +17% |
| ↳ Ferro Magnetic Detection Systems | $483K | 2.0% | -36% | +28% |
| Disposables | $5.0M | 20.6% | +4% | +21% |
| Services and other | $1.2M | 5.1% | +17% | +42% |
| Amortized Revenue | $801K | 3.3% | +6% | +31% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $24.2M | 100.0% |
| Cost of revenue | $5.7M | 23.7% |
| Gross profit | $18.5M | 76.3% |
| Operating expenses | $10.3M | 42.6% |
| Operating profit | $8.1M | 33.6% |
| Income tax | $2.2M | 8.9% |
| Net earnings | $6.5M | 26.9% |
| Operating cash flow | $7.0M | 28.9% |
| Free cash flow | $6.8M | 28.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $24.2M | +14% |
| Q2 2026 | $20.5M | +0.3% |
| Q1 2026 | $22.0M | +13% |
| Q4 2025 | $22.7M | +17% |
| Q3 2025 | $21.2M | +16% |
| Q2 2025 | $20.4M | +14% |
| Q1 2025 | $19.5M | +11% |
From Iradimed's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Iradimed make money?
Iradimed (IRMD) made $24.2M of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Total devices revenue brought in $17.2M (71%); Disposables brought in $5.0M (21%); Services and other brought in $1.2M (5%). Of every dollar of revenue, 76¢ was left as gross profit, 34¢ was left as operating profit, 27¢ was left as net earnings.
What is Iradimed's biggest business?
Total devices revenue: $17.2M in the third quarter 2026, 71% of revenue, +10% from a year earlier.
What is Iradimed's profit margin?
Net earnings were $6.5M, 26.9% of revenue, in the third quarter 2026; the operating margin was 33.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.