iRhythm Holdings, Inc. (IRTC) intrinsic value & 10-year financials
iRhythm Holdings, Inc. (IRTC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 31.4% a year to $747.1M, with an average return on invested capital of -90.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $108.66
- Market cap
- $3.5B
- Revenue (FY2025)
- $747.1M
- Revenue growth (10-yr CAGR)
- 31.4%
- ROIC (10-yr avg)
- -90.1%
- Free cash flow (FY2025)
- $34.5M
IRTC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $747.1M | -$44.6M | -$1.39 | $34.5M | -7.7% | 42.2% |
| FY2024 | $591.8M | -$113.3M | -$3.63 | -$30.6M | -19.5% | -669.6% |
| FY2023 | $492.7M | -$123.4M | -$4.04 | -$90.5M | -25.4% | -44.1% |
| FY2022 | $410.9M | -$116.2M | -$3.88 | -$52.8M | -27.7% | -43.3% |
| FY2021 | $322.8M | -$101.4M | -$3.46 | -$65.8M | -31.0% | -33.2% |
| FY2020 | $265.2M | -$43.8M | -$1.58 | -$27.3M | -16.5% | -14.8% |
| FY2019 | $214.6M | -$54.6M | -$2.16 | -$42.3M | -25.5% | -36.1% |
| FY2018 | $147.3M | -$48.3M | — | -$34.2M | -29.6% | -50.1% |
| FY2017 | $98.5M | -$29.4M | — | -$18.5M | -27.7% | -30.6% |
| FY2016 | $64.1M | -$20.9M | — | -$19.4M | -24.3% | -21.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
iRhythm Holdings, Inc. is a consistent compounder, expanding top-line revenue at 31.4% annually over the past decade.
iRhythm Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -23.8% ROIC.
iRhythm Holdings, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, iRhythm Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-46.17 per share.