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iRhythm (IRTC) Revenue & Revenue Breakdown

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iRhythm Revenue Highlights

Latest Revenue (Y)

$591.84M

Latest Revenue (Q)

$147.54M

Main Segment (Y)

Commercial Payors

iRhythm Revenue by Period

iRhythm Revenue by Year

DateRevenueChange
2024-12-31$591.84M20.13%
2023-12-31$492.68M19.90%
2022-12-31$410.92M27.29%
2021-12-31$322.82M21.74%
2020-12-31$265.17M23.59%
2019-12-31$214.55M45.66%
2018-12-31$147.29M49.52%
2017-12-31$98.51M53.75%
2016-12-31$64.07M77.29%
2015-12-31$36.14M66.17%
2014-12-31$21.75M41.52%
2013-12-31$15.37M-

iRhythm generated $591.84M in revenue during NA 2024, up 20.13% compared to the previous quarter, and up 275.85% compared to the same period a year ago.

iRhythm Revenue by Quarter

DateRevenueChange
2024-09-30$147.54M-0.34%
2024-06-30$148.05M12.22%
2024-03-31$131.93M-0.44%
2023-12-31$132.51M6.35%
2023-09-30$124.60M0.38%
2023-06-30$124.13M11.39%
2023-03-31$111.44M-1.05%
2022-12-31$112.62M8.42%
2022-09-30$103.88M1.79%
2022-06-30$102.05M10.47%
2022-03-31$92.38M12.93%
2021-12-31$81.80M-4.25%
2021-09-30$85.43M5.11%
2021-06-30$81.28M9.38%
2021-03-31$74.31M-5.71%
2020-12-31$78.81M9.54%
2020-09-30$71.94M41.40%
2020-06-30$50.88M-19.92%
2020-03-31$63.53M7.50%
2019-12-31$59.10M5.62%
2019-09-30$55.96M4.92%
2019-06-30$53.33M12.96%
2019-03-31$47.21M9.41%
2018-12-31$43.16M13.26%
2018-09-30$38.10M7.43%
2018-06-30$35.47M16.04%
2018-03-31$30.57M8.46%
2017-12-31$28.18M12.57%
2017-09-30$25.04M4.95%
2017-06-30$23.85M11.27%
2017-03-31$21.44M14.61%
2016-12-31$18.70M11.47%
2016-09-30$16.78M6.65%
2016-06-30$15.73M22.41%
2016-03-31$12.85M18.43%
2015-12-31$10.85M16.16%
2015-09-30$9.34M-

iRhythm generated $147.54M in revenue during Q3 2024, up -0.34% compared to the previous quarter, and up 118.86% compared to the same period a year ago.

iRhythm Revenue Breakdown

iRhythm Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Non-contracted Third-party Payors$42.73M$32.07M$24.13M$26.93M$15.29M
Centers For Medicare And Medicaid$142.39M$122.41M$103.03M$44.53M$72.54M
Commercial Payors$311.61M$267.19M$223.98M$193.87M$135.94M
Healthcare Institutions$95.11M$71.00M$59.77M$57.50M$41.40M

iRhythm's latest annual revenue breakdown by segment (product or service), as of Dec 24: Commercial Payors (52.65%), Centers For Medicare And Medicaid (24.06%), Healthcare Institutions (16.07%), and Non-contracted Third-party Payors (7.22%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Healthcare Institutions$29.85M$23.46M$22.24M$19.57M$18.94M$18.07M$18.21M$15.78M$14.14M$14.88M$15.67M$15.08M$15.40M$15.73M$14.11M$12.26M$11.47M$11.04M$7.75M$11.13M
Commercial Payors$83.32M$77.26M$79.25M$71.77M$70.63M$67.34M$67.32M$61.91M$60.77M$56.02M$55.45M$51.75M$47.70M$49.94M$49.63M$46.59M$41.37M$36.32M$26.54M$31.71M
Centers For Medicare And Medicaid$38.34M$36.01M$36.25M$31.79M$34.05M$31.01M$30.87M$26.49M$24.76M$20.06M$10.95M$12.41M$10.99M$10.18M$21.52M$19.98M$13.72M$17.32M--
Non-Contracted Third-Party Payors-$10.81M$10.30M$8.80M$8.20M$7.72M$7.26M$5.72M$6.17M$5.49M$7.35M$6.55M$5.28M$4.61M$2.87M$3.38M----
Non-contracted Third-party Payors--------$6.75M$7.75M$4.44M---------

iRhythm's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Commercial Payors (55.00%), Centers For Medicare And Medicaid (25.30%), and Healthcare Institutions (19.70%).

iRhythm Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
BRKRBruker$3.37B$800.70M
ITGRInteger$1.72B$746.27M
CNMDCONMED$1.31B$316.70M
LIVNLivaNova$1.25B$318.11M
IRTCiRhythm$591.84M$147.54M
GKOSGlaukos$383.48M$96.67M
FNAParagon 28$256.18M$61.02M
KIDSOrthoPediatrics$204.73M$52.80M
SRDXSurmodics$126.08M$29.92M
NPCENeuroPace$79.91M$21.06M
SGHTSight Sciences$79.87M$20.16M
OFIXOrthofix Medical-$198.62M

IRTC Revenue FAQ

What is iRhythm’s yearly revenue?

iRhythm's yearly revenue for 2024 was $591.84M, representing an increase of 20.13% compared to 2023. The company's yearly revenue for 2023 was $492.68M, representing an increase of 19.90% compared to 2022. IRTC's yearly revenue for 2022 was $410.92M, representing an increase of 27.29% compared to 2021.

What is iRhythm’s quarterly revenue?

iRhythm's quarterly revenue for Q3 2024 was $147.54M, a -0.34% decrease from the previous quarter (Q2 2024), and a 18.41% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $148.05M, a 12.22% increase from the previous quarter (Q1 2024), and a 19.27% increase year-over-year (Q2 2023). IRTC's quarterly revenue for Q1 2024 was $131.93M, a -0.44% decrease from the previous quarter (Q4 2023), and a 18.39% increase year-over-year (Q1 2023).

What is iRhythm’s revenue growth rate?

iRhythm's revenue growth rate for the last 3 years (2022-2024) was 44.03%, and for the last 5 years (2020-2024) was 123.20%.

What are iRhythm’s revenue streams?

iRhythm's revenue streams in c 24 are Non-contracted Third-party Payors, Centers For Medicare And Medicaid, Commercial Payors, and Healthcare Institutions. Non-contracted Third-party Payors generated $42.73M in revenue, accounting 7.22% of the company's total revenue, up 33.24% year-over-year. Centers For Medicare And Medicaid generated $142.39M in revenue, accounting 24.06% of the company's total revenue, up 16.32% year-over-year. Commercial Payors generated $311.6M in revenue, accounting 52.65% of the company's total revenue, up 16.62% year-over-year. Healthcare Institutions generated $95.12M in revenue, accounting 16.07% of the company's total revenue, up 33.96% year-over-year.

What is iRhythm’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of iRhythm was Commercial Payors. This segment made a revenue of $311.6M, representing 52.65% of the company's total revenue.