iRhythm Holdings (IRTC) Gross Margin (2015 - 2026)
iRhythm Holdings (IRTC) recorded Gross Margin of 72.80% in Q2 2026, up 1.64 percentage points from 71.17% a year earlier and up 1.91 percentage points from the prior quarter.
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Analysis
iRhythm Holdings (IRTC) Gross Margin (2015 - 2026) Analysis & Trends
On a TTM basis, iRhythm Holdings' Gross Margin came in at 71.45% as of Jun 30, 2026, up 1.67 percentage points year-over-year; for FY2025, it was 70.57%, up 1.71 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -2.93 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 68.86% in FY2024 (+1.51 pp), 67.35% in FY2023 (-1.19 pp), 68.54% in FY2022 (+2.38 pp) and 66.16% in FY2021 (-7.34 pp).
- The Q2 2026 figure is the highest quarterly Gross Margin since Q4 2020.
- On a year-over-year basis, Gross Margin has increased for nine consecutive quarters, with an average year-over-year change of +2.16 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 7.20 percentage points in Q4 2022, against a drop of 11.30 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 70.89% (Q1 2026), 70.88% (Q4 2025) and 71.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 64.46% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 33.75% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 29.80% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 65.39% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 64.45% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 32.70% |
| 10 | iRhythm Holdings | 3.71 Bn | 1.42 Bn | 163.21 Mn | 72.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 72.80% |
| Mar 31, 2026 | 70.89% |
| Dec 31, 2025 | 70.88% |
| Sep 30, 2025 | 71.09% |
| Jun 30, 2025 | 71.17% |
| Mar 31, 2025 | 68.83% |
| Dec 31, 2024 | 70.02% |
| Sep 30, 2024 | 68.78% |
| Jun 30, 2024 | 69.89% |
| Mar 31, 2024 | 66.34% |
| Dec 31, 2023 | 65.98% |
| Sep 30, 2023 | 66.19% |
| Jun 30, 2023 | 69.46% |
| Mar 31, 2023 | 67.91% |
| Dec 31, 2022 | 69.89% |
| Sep 30, 2022 | 68.28% |
| Jun 30, 2022 | 68.83% |
| Mar 31, 2022 | 66.85% |
| Dec 31, 2021 | 62.69% |
| Sep 30, 2021 | 65.72% |
API Access
iRhythm Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=IRTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "IRTC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=IRTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();