iRhythm Holdings (IRTC) Research & Development (2015 - 2026)
iRhythm Holdings' (IRTC) quarterly Research & Development came in at $19.8 million in Q2 2026, down 5.56% year-over-year from $21.0 million in Q2 2025, and down 7.09% quarter-over-quarter from $21.4 million in Q1 2026.
Analysis
iRhythm Holdings (IRTC) Research & Development (2015 - 2026) Analysis & Trends
iRhythm Holdings (IRTC) has reported Research & Development for 12 consecutive years, with $19.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 5.56% year-over-year to $19.8 million in Q2 2026; TTM through Jun 2026 was $83.3 million, a 7.73% increase from a year earlier, with the FY2025 full-year figure at $84.6 million, up 18.4% from the prior year.
- Research & Development was $19.8 million for Q2 2026 at iRhythm Holdings, down from $21.4 million in the prior quarter.
- Over five years, Research & Development peaked at $21.5 million in Q1 2025 and troughed at $10.5 million in Q1 2022.
- A 5-year average of $16.9 million and a median of $16.7 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development soared 43.96% in 2024 and decreased 5.56% in 2026, its largest moves.
- Over 5 years, Research & Development stood at $12.7 million in 2022, then increased by 21.63% to $15.4 million in 2023, then advanced by 23.77% to $19.1 million in 2024, then grew by 10.3% to $21.0 million in 2025, then slipped by 5.72% to $19.8 million in 2026.
- The last three Research & Development figures came in at $19.8 million (Q2 2026), $21.4 million (Q1 2026), and $21.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 49.39 Bn | 48.29 Bn | 486.15 Mn | 228.07 Mn |
| 2 | Quest Diagnostics | 27.49 Bn | 26.86 Bn | 1.03 Bn | - |
| 3 | Labcorp Holdings | 26.51 Bn | 26.37 Bn | 1.11 Bn | - |
| 4 | Guardant Health | 23.17 Bn | 22.12 Bn | 219.03 Mn | 189.95 Mn |
| 5 | Tempus AI | 12.59 Bn | 11.77 Bn | 274.25 Mn | 52.64 Mn |
| 6 | Caris Life Sciences | 8.01 Bn | 7.22 Bn | 182.38 Mn | 53.76 Mn |
| 7 | Sotera Health | 5.53 Bn | 5.17 Bn | 177.96 Mn | - |
| 8 | BillionToOne | 4.80 Bn | 4.25 Bn | 77.11 Mn | 17.32 Mn |
| 9 | Adaptive Biotechnologies | 4.40 Bn | 4.05 Bn | 51.39 Mn | 26.41 Mn |
| 10 | iRhythm Holdings | 3.68 Bn | 3.08 Bn | 163.21 Mn | 19.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.84 Mn |
| Mar 31, 2026 | 21.36 Mn |
| Dec 31, 2025 | 21.05 Mn |
| Sep 30, 2025 | 21.03 Mn |
| Jun 30, 2025 | 21.01 Mn |
| Mar 31, 2025 | 21.52 Mn |
| Dec 31, 2024 | 19.08 Mn |
| Sep 30, 2024 | 15.69 Mn |
| Jun 30, 2024 | 19.69 Mn |
| Mar 31, 2024 | 16.99 Mn |
| Dec 31, 2023 | 15.42 Mn |
| Sep 30, 2023 | 16.31 Mn |
| Jun 30, 2023 | 13.68 Mn |
| Mar 31, 2023 | 14.84 Mn |
| Dec 31, 2022 | 12.68 Mn |
| Sep 30, 2022 | 11.45 Mn |
| Jun 30, 2022 | 11.95 Mn |
| Mar 31, 2022 | 10.54 Mn |
| Dec 31, 2021 | 11.87 Mn |
| Sep 30, 2021 | 8.69 Mn |