iRhythm Holdings IRTC
NASDAQ IRTC
$113.85 +4.25 (+3.88%)
At close: Oct 20, 2026 · 4:00 PM EDT

iRhythm Holdings (IRTC) Operating Expenses (2015 - 2026)

Updated

iRhythm Holdings (IRTC) posted Operating Expenses of $165.75 million for Q2 2026, up 9.4% from $151.57 million a year earlier and up 5.2% from the prior quarter.

Analysis

iRhythm Holdings (IRTC) Operating Expenses (2015 - 2026) Analysis & Trends

For the trailing twelve months through Jun 30, 2026, Operating Expenses at iRhythm Holdings was $614.61 million, up 8.9% year-over-year; for FY2025, it was $584.66 million, up 11.8% from FY2024.

  • Annual Operating Expenses has increased for 11 consecutive years, with a five-year compound annual growth rate of 19.6% (FY2020 to FY2025).
  • In prior years, iRhythm Holdings' Operating Expenses was $523.04 million in FY2024 (+14.5%), $456.97 million in FY2023 (+15.6%), $395.42 million in FY2022 (+26.1%) and $313.51 million in FY2021 (+31.4%).
  • The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q3 2015.
  • On a year-over-year basis, Operating Expenses has increased in each of the last three quarters, with growth averaging 12.9% over the last eight quarters.
  • The strongest year-over-year quarter for Operating Expenses in the past five years was Q1 2022, with growth of 40.8%; the weakest was Q4 2024, with a decline of 5.9%.
  • According to Business Quant data, Operating Expenses for the three prior quarters was $157.54 million (Q1 2026), $145.77 million (Q4 2025) and $145.55 million (Q3 2025).
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 102.50 Bn 98.51 Bn - 17.74 Bn
2 Natera 58.05 Bn 53.74 Bn 485.19 Mn 828.54 Mn
3 Labcorp Holdings 26.39 Bn 24.13 Bn 1.11 Bn 582.30 Mn
4 Quest Diagnostics 26.28 Bn 24.41 Bn 1.03 Bn 2.58 Bn
5 Tenet Healthcare 22.71 Bn 11.72 Bn - -
6 Guardant Health 21.59 Bn 17.65 Bn 219.03 Mn 464.10 Mn
7 BrightSpring Health Services 12.87 Bn 11.21 Bn 492.75 Mn 362.36 Mn
8 Fresenius Medical Care AG 12.49 Bn 4.44 Bn 1.52 Bn 901.58 Mn
9 Encompass Health 12.04 Bn 11.70 Bn - 1.31 Bn
10 iRhythm Holdings 3.75 Bn 1.46 Bn 163.21 Mn 165.75 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 165.75 Mn
Mar 31, 2026 157.54 Mn
Dec 31, 2025 145.77 Mn
Sep 30, 2025 145.55 Mn
Jun 30, 2025 151.57 Mn
Mar 31, 2025 141.77 Mn
Dec 31, 2024 119.15 Mn
Sep 30, 2024 151.78 Mn
Jun 30, 2024 126.45 Mn
Mar 31, 2024 125.65 Mn
Dec 31, 2023 126.61 Mn
Sep 30, 2023 110.08 Mn
Jun 30, 2023 105.10 Mn
Mar 31, 2023 115.19 Mn
Dec 31, 2022 99.41 Mn
Sep 30, 2022 92.01 Mn
Jun 30, 2022 93.70 Mn
Mar 31, 2022 110.31 Mn
Dec 31, 2021 83.48 Mn
Sep 30, 2021 79.43 Mn
API Access

iRhythm Holdings Operating Expenses 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=operating-expenses&ticker=IRTC&period=max&api_key=YOUR_API_KEY