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iRhythm Holdings vs Alphatec Holdings: IRTC and ATEC compared
iRhythm Holdings is the larger company: $222M of revenue in its latest quarter (Q3 2026) against $221M for Alphatec Holdings (Q3 2026). iRhythm Holdings is growing faster (+15% against +13% a year earlier). Alphatec Holdings is more profitable, with an operating margin of 1.5% against -14.7%.
Where the money goes: IRTC and ATEC
iRhythm Holdings (IRTC) · Q3 2026
iRhythm Holdings, Q3 2026: revenue $222M (+15% year over year), operating margin -14.7%, net loss $29.9M, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
Alphatec Holdings (ATEC) · Q3 2026
Alphatec Holdings, Q3 2026: revenue $221M (+13% year over year), operating margin 1.5%, net loss $5.5M, operating cash flow $18.9M. The chart follows the revenue to costs, profit and cash.
| iRhythm Holdings (IRTC) | Alphatec Holdings (ATEC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $222M | $221M |
| Revenue growth, Y/Y | +15% | +13% |
| Operating margin | -14.7% | 1.5% |
| Net earnings | −$29.9M | −$5.5M |
| Net margin | -13.5% | -2.5% |
| Operating cash flow | $4.4M | $18.9M |
| Free cash flow | — | $5.6M |
| Market value | — | $1.8B |
| Analysts’ mean target | — | $13.29 |
Where the revenue comes from
iRhythm Holdings
- Contracted third-party payors: $111M (50%)
- CMS: $57.2M (26%)
- Customer A: $37.4M (17%)
- Non-contracted third-party payors: $16.1M (7%)
Questions
Which is bigger, iRhythm Holdings or Alphatec Holdings?
iRhythm Holdings is the larger company: $222M of revenue in its latest quarter (Q3 2026) against $221M for Alphatec Holdings (Q3 2026).
Is iRhythm Holdings or Alphatec Holdings growing faster?
iRhythm Holdings is growing faster (+15% against +13% a year earlier).
Which is more profitable, iRhythm Holdings or Alphatec Holdings?
Alphatec Holdings is more profitable, with an operating margin of 1.5% against -14.7%.
More: iRhythm Holdings earnings · how iRhythm Holdings makes money · Alphatec Holdings earnings · how Alphatec Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.