Filing Flows › iRhythm Holdings (IRTC) › Q2 2026 › vs Q2 2025
iRhythm Holdings (IRTC) Q2 2026 vs Q2 2025 (year over year)
iRhythm Holdings's revenue rose $37.5M (+20%) from $187M in Q2 2025 to $224M in Q2 2026. The biggest changes: Contracted third-party payors +$16.1M (+16%); CMS +$14.1M (+32%); Customer A +$6.0M (+19%).
iRhythm Holdings, Q2 2026: revenue $224M (+20% year over year), operating margin -1.1%, net loss $381K, operating cash flow $51.1M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 16.7% | 9.3% | +7.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Contracted third-party payors | $114M | $97.7M | $16.1M | +16% |
| CMS | $58.5M | $44.5M | $14.1M | +32% |
| Customer A | $37.8M | $31.8M | $6.0M | +19% |
| Non-contracted third-party payors | $14.1M | $12.7M | $1.4M | +11% |
| Revenue | $224M | $187M | $37.5M | +20% |
| Other income, net | $2.2M | $4.3M | −$2.1M | -50% |
| Net loss | $381K | $14.2M | −$13.8M | -97% |
| Costs & expenses | $227M | $205M | $21.3M | +10% |
| Operating costs | $227M | $205M | $21.3M | +10% |
| Cost of revenue | $61.0M | $53.8M | $7.1M | +13% |
| Research & development | $19.8M | $21.0M | −$1.2M | -6% |
| SG&A | $132M | $126M | $5.3M | +4% |
| Other operating costs | $14.2M | $4.2M | $10.1M | +241% |
| Operating cash sources | $51.5M | $41.9M | $9.6M | +23% |
| Depreciation & amortization | $5.2M | $5.1M | $100K | +2% |
| Share-based compensation | $20.0M | $22.8M | −$2.8M | -12% |
| Working capital & other | $26.2M | $13.9M | $12.3M | +88% |
| Net loss absorbed | $381K | $14.2M | −$13.8M | -97% |
| Operating cash flow | $51.1M | $27.7M | $23.4M | +85% |
| Free cash flow (company-reported) | $37.5M | $17.3M | $20.2M | +117% |
| Purchases of property and equipment | $13.6M | $10.4M | $3.2M | +31% |
Questions
How much did iRhythm Holdings's revenue grow year over year in Q2 2026?
iRhythm Holdings's revenue rose $37.5M (+20%) from $187M in Q2 2025 to $224M in Q2 2026.
What drove iRhythm Holdings's revenue change in Q2 2026?
Contracted third-party payors +$16.1M (+16%); CMS +$14.1M (+32%); Customer A +$6.0M (+19%).