Filing Flows › iRhythm Holdings (IRTC) › Q2 2026
iRhythm Holdings (IRTC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
iRhythm Holdings (IRTC) reported revenue of $224M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +12% from the quarter before. Operating margin was -1.1%, net loss $381K (0.2% of revenue).
iRhythm Holdings, Q2 2026: revenue $224M (+20% year over year), operating margin -1.1%, net loss $381K, operating cash flow $51.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $224M | +12% | +20% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$381K | — | — |
| Operating cash flow | $51.1M | — | +85% |
| Free cash flow | $37.5M | — | +117% |
What changed
Revenue was $224.2M in Q2 2026, up 20% year over year and up 12% from the previous quarter. Contracted third-party payors was the largest line at 51% of revenue. Contracted third-party payors added $16.1M year over year (up 16%), 43% of the total change.
Gross margin was 72.8%, up 1.6 points from Q2 2025. Operating costs exceeded revenue by $2.5M, an operating margin of -1.1%. Operating expenses grew 9% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+241%). The quarter ended with a net loss of $381K, narrower than the previous quarter's $13.9M loss. Non-operating items added $2.2M, -567% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $51.1M (up 85% year over year). Non-cash charges added back $5.2M of depreciation and amortization and $20.0M of share-based compensation. Working capital and other items added $26.2M. After purchases of property and equipment ($13.6M), free cash flow as the company reports it was $37.5M.
Questions
What was iRhythm Holdings' revenue in the second quarter 2026?
iRhythm Holdings (IRTC) reported revenue of $224M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +12% from the quarter before.
Was iRhythm Holdings profitable in the second quarter 2026?
Operating loss was $2.5M (-1.1% of revenue) and net loss $381K.
Source: iRhythm Holdings 10-Q on SEC EDGAR.