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Mar 31, 2025
iRhythm Q1 2025 Earnings Report
Reported financial results for the three months ended March 31, 2025
Key Takeaways
iRhythm Technologies reported strong first quarter 2025 financial results with revenue exceeding 20% growth year-over-year, driven by increased demand for Zio services and momentum in value-based care accounts. The company also expanded its global reach with the launch of Zio monitor in Japan.
Revenue reached $158.7 million, a 20.3% increase compared to Q1 2024.
Gross margin improved to 68.8%, up 250 basis points from Q1 2024.
Net loss decreased to $30.7 million from $45.7 million in Q1 2024.
Unrestricted cash, cash equivalents, and marketable securities stood at $520.6 million as of March 31, 2025.
Revenue by Segment
Forward Guidance
iRhythm projects revenue for the full year 2025 between $690 million to $700 million and adjusted EBITDA margin ranging from approximately 7.5% to 8.5% of revenues.
Positive Outlook
- Increased fiscal year 2025 guidance for revenue.
- Increased fiscal year 2025 guidance for adjusted EBITDA margin.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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