iRhythm Holdings (IRTC) Gross Margin (2015 - 2026)
iRhythm Holdings' (IRTC) quarterly Gross Margin came in at 70.89% in Q1 2026, up 206.0% year-on-year from 23.17% in Q1 2025, and little changed on a QoQ basis from 70.88% in Q4 2025.
iRhythm Holdings (IRTC) Gross Margin (2015 - 2026) Analysis & Trends
iRhythm Holdings (IRTC) has 12 years of Gross Margin data on file, last reported at 70.89% in Q1 2026.
- On a quarterly basis, Gross Margin rose 206.0% year-over-year to 70.89% in Q1 2026; TTM through Mar 2026 was 71.0%, a 161.0% increase from a year earlier, with the FY2025 full-year figure at 70.57%, up 171.0% from the prior year.
- Gross Margin for Q1 2026 stood at 70.89%, roughly flat from 70.88% in the prior quarter.
- Over the last five years, Gross Margin for IRTC reached as high as 71.17% in Q2 2025 and fell as low as 65.98% in Q4 2023.
- Historically, Gross Margin has averaged 68.9% across 5 years, with a median of 68.83% in 2022.
- Across the five-year window, Gross Margin jumped 720 bps in 2022 and tumbled 391 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 69.89% in 2022, then declined by 6 bps to 65.98% in 2023, then advanced by 6 bps to 70.02% in 2024, then rose by 1 bps to 70.88% in 2025, then climbed by 0 bps to 70.89% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 70.89% in Q1 2026, 70.88% in Q4 2025, and 71.09% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.95 Bn | 176.66 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 129.08 Bn | 126.21 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 108.57 Bn | 99.35 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 68.52 Bn | 67.07 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 48.35 Bn | 44.68 Bn | 1.29 Bn | 78.01% |
| 6 | Dexcom | 28.35 Bn | 27.24 Bn | 750.30 Mn | 62.95% |
| 7 | GE HealthCare Technologies | 28.17 Bn | 25.88 Bn | 1.98 Bn | 38.53% |
| 8 | Smith & Nephew | 26.91 Bn | 26.33 Bn | - | - |
| 9 | Koninklijke Philips | 24.37 Bn | 21.25 Bn | 2.07 Bn | 45.22% |
| 10 | iRhythm Holdings | 3.65 Bn | 3.10 Bn | 141.35 Mn | 70.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 68.02% |