iRhythm Holdings (IRTC) Gross Margin (2015 - 2026)
iRhythm Holdings' (IRTC) quarterly Gross Margin came in at 72.8% in Q2 2026, up 164.0% year-over-year from 27.58% in Q2 2025, and up 2.7% quarter-over-quarter from 70.89% in Q1 2026.
Analysis
iRhythm Holdings (IRTC) Gross Margin (2015 - 2026) Analysis & Trends
iRhythm Holdings (IRTC) has reported Gross Margin for 12 consecutive years, with 72.8% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 164.0% year-over-year to 72.8% in Q2 2026; TTM through Jun 2026 was 71.45%, a 167.0% increase from a year earlier, with the FY2025 full-year figure at 70.57%, up 171.0% from the prior year.
- Gross Margin was 72.8% for Q2 2026 at iRhythm Holdings, up from 70.89% in the prior quarter.
- Over five years, Gross Margin peaked at 72.8% in Q2 2026 and troughed at 65.98% in Q4 2023.
- A 5-year average of 69.12% and a median of 69.15% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 720 bps in 2022 and slumped 391 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 69.89% in 2022, then retreated by 6 bps to 65.98% in 2023, then grew by 6 bps to 70.02% in 2024, then advanced by 1 bps to 70.88% in 2025, then climbed by 3 bps to 72.8% in 2026.
- The last three Gross Margin figures came in at 72.8% (Q2 2026), 70.89% (Q1 2026), and 70.88% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 47.12 Bn | 46.02 Bn | 486.15 Mn | 64.58% |
| 2 | Labcorp Holdings | 26.25 Bn | 26.10 Bn | 1.11 Bn | 29.80% |
| 3 | Quest Diagnostics | 26.02 Bn | 25.40 Bn | 1.03 Bn | 33.75% |
| 4 | Guardant Health | 21.89 Bn | 20.84 Bn | 219.03 Mn | 65.39% |
| 5 | Tempus AI | 11.21 Bn | 10.39 Bn | 274.25 Mn | 71.70% |
| 6 | Caris Life Sciences | 6.94 Bn | 6.14 Bn | 182.38 Mn | 69.16% |
| 7 | Sotera Health | 5.22 Bn | 4.86 Bn | 177.96 Mn | 55.38% |
| 8 | BillionToOne | 4.75 Bn | 4.20 Bn | 77.11 Mn | 70.45% |
| 9 | iRhythm Holdings | 3.98 Bn | 3.39 Bn | 163.21 Mn | 72.80% |
| 10 | Adaptive Biotechnologies | 3.90 Bn | 3.56 Bn | 51.39 Mn | 71.82% |
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% |