Filing Flows

Filing Flows › Companies › iRhythm Holdings › Cash flow

iRhythm Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$11.5M in Q3 2026 · $7.4M over twelve months

Operating cash flow$4.4M
Capital spending−$16.0M
Free cash flow−$11.5M
Cash conversion cycle45 days

Analysis

In Q3 2026, iRhythm Holdings generated $4.4M of operating cash flow and spent $16.0M on capital projects, leaving free cash flow of −$11.5M. That is $31.6M less than in Q3 2025 ($20.1M).

Over the twelve months to Sep 30, 2026, operating cash flow was $55.6M; the largest uses were capital spending ($48.2M), other financing ($3K); besides operations, cash came from other investing ($134M), shares issued ($7.6M); the cash balance rose by $149M.

Operating cash flow was $4.4M against net income of −$29.9M. The largest differences: receivables −$23.5M, stock-based pay +$19.5M, payables +$7.9M.

Its cash conversion cycle was 45 days (receivables 34 + inventory 37 − payables 26).

Free cash flow

iRhythm Holdings: free cash flow by quarteriRhythm Holdings: free cash flow by quarter$12.4MQ4 2024−$17.3MQ1 2025$17.3MQ2 2025$20.1MQ3 2025$14.5MQ4 2025−$33.1MQ1 2026$37.5MQ2 2026−$11.5MQ3 2026
Operating cash flow less capital spending.
iRhythm Holdings: operating cash flow against capital spendingiRhythm Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$19.2M$6.8MQ4 2024−$7.9M$9.4MQ1 2025$27.7M$10.4MQ2 2025$34.9M$14.8MQ3 2025$26.2M$11.7MQ4 2025−$26.2M$6.9MQ1 2026$51.1M$13.6MQ2 2026$4.4M$16.0MQ3 2026
Latest (Q3 2026): Operating cash flow $4.4M, Capital spending $16.0M.

Capital allocation, year by year

iRhythm Holdings: where the cash came from (up) and went (down), by fiscal yeariRhythm Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksFY2021: Operating cash flow −$37.8MFY2021: Net borrowing −$11.7MFY2021: Capital spending −$28.1MFY2021FY2022: Operating cash flow −$23.0MFY2022: Net borrowing $13.6MFY2022: Capital spending −$29.8M$13.6MFY2022FY2023: Operating cash flow −$50.1MFY2023: Shares issued $8.8MFY2023: Capital spending −$40.4M$8.8MFY2023FY2024: Operating cash flow $3.4MFY2024: Net borrowing $661MFY2024: Shares issued $8.5MFY2024: Capital spending −$33.9MFY2024: Buybacks −$25.0M$673MFY2024FY2025: Operating cash flow $80.9MFY2025: Shares issued $12.6MFY2025: Capital spending −$46.3M$93.5MFY2025
Over these 5 years operating cash flow totalled −$26.6M; the largest uses were capital spending ($179M) and operating cash flow ($111M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$561M
Debtnone
Net cash$561M

iRhythm Holdings funds itself: free cash flow was $7.4M over the last twelve months, with $561M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

iRhythm Holdings: sources (+) and uses (−) of cash, Q3 2026iRhythm Holdings: sources (+) and uses (−) of cash, Q3 2026Other investing$169MCash drawn (+) / kept (−)−$158MCapital spending−$16.0MOperating cash flow$4.4MShares issued$403KExchange rates−$2K
iRhythm Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026iRhythm Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Cash drawn (+) / kept (−)−$149MOther investing$134MOperating cash flow$55.6MCapital spending−$48.2MShares issued$7.6MExchange rates−$14KOther financing−$3K

From profit to cash

iRhythm Holdings: net income to operating cash flow, Q3 2026iRhythm Holdings: net income to operating cash flow, Q3 2026Net income−$29.9MDepreciation & amortization$5.3MStock-based pay$19.5MImpairments$723KReceivables−$23.5MInventory−$391KPayables$7.9MDeferred revenue$463KPrepaid and other assets$2.8MOperating cash flow$4.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202634372645
Q2 202634351949
Q1 20263535862
Q4 20253331857
Q3 202538311752
Q2 202540282146
Q1 202546261754
Q4 202444271457

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$4.4M−$16.0M$403K−$158M−$11.5M
Q2 2026$51.1M−$13.6M$4.1M−$6.5M$37.5M
Q1 2026−$26.2M−$6.9M$149K−$4.1M−$33.1M
Q4 2025$26.2M−$11.7M$3.0M$19.6M$14.5M
Q3 2025$34.9M−$14.8M$825K$53.5M$20.1M
Q2 2025$27.7M−$10.4M$7.1M$66.2M$17.3M
Q1 2025−$7.9M−$9.4M$1.7M$44.3M−$17.3M
Q4 2024$19.2M−$6.8M$3.0M$99.9M$12.4M

iRhythm Holdings: income statement and cash flow

iRhythm Holdings, Q3 2026: revenue $222M (+15% year over year), operating margin -14.7%. The chart follows the revenue to costs, profit and cash.

iRhythm Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.