iRhythm Holdings (IRTC) Research & Development (2015 - 2026)
iRhythm Holdings' Research & Development was $19.84 million in Q2 2026, down 5.6% from $21.01 million a year earlier and down 7.1% from the prior quarter.
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Analysis
iRhythm Holdings (IRTC) Research & Development (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, iRhythm Holdings' Research & Development was $83.28 million through Jun 30, 2026, up 7.7% year-over-year; for FY2025, it came in at $84.61 million, up 18.4% from FY2024.
- Research & Development has now increased for four consecutive years, with a five-year compound annual growth rate of 15.4% (FY2020 to FY2025).
- In earlier years, Research & Development was $71.46 million in FY2024 (+18.6%), $60.24 million in FY2023 (+29.3%), $46.61 million in FY2022 (+20.5%) and $38.67 million in FY2021 (-6.4%).
- The Q2 2026 figure marks the lowest quarterly Research & Development since Q4 2024.
- Compared with a year earlier, Research & Development was higher in five of the last eight quarters, with growth averaging 11.4%.
- The best year-over-year quarter for Research & Development over five years was Q2 2024 (growth of 44.0%); the worst was Q2 2026 (a decline of 5.6%).
- Per Business Quant data, IRTC's Research & Development in the three quarters before Q2 2026 was $21.36 million (Q1 2026), $21.05 million (Q4 2025) and $21.03 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 102.50 Bn | 98.51 Bn | - | - |
| 2 | Natera | 58.05 Bn | 53.74 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Labcorp Holdings | 26.39 Bn | 24.13 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 26.28 Bn | 24.41 Bn | 1.03 Bn | - |
| 5 | Tenet Healthcare | 22.71 Bn | 11.72 Bn | - | - |
| 6 | Guardant Health | 21.59 Bn | 17.65 Bn | 219.03 Mn | 96.53 Mn |
| 7 | BrightSpring Health Services | 12.87 Bn | 11.21 Bn | 492.75 Mn | - |
| 8 | Fresenius Medical Care AG | 12.49 Bn | 4.44 Bn | 1.52 Bn | 46.06 Mn |
| 9 | Encompass Health | 12.04 Bn | 11.70 Bn | - | - |
| 10 | iRhythm Holdings | 3.75 Bn | 1.46 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 |
API Access
iRhythm Holdings Research & Development 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=research-and-development&ticker=IRTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=IRTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();