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iRhythm to acquire Vital Connect for $287.5M in cash and stock
Total consideration $287.5M: $237.5M cash + $50M in iRhythm common stock.
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iRhythm Q2 revenue $224M (+20% YoY), raises guidance; acquires VitalConnect for $287.5M
Revenue $224.2M (+20.1% YoY); net loss $0.4M vs $14.2M loss; adjusted EBITDA $43.3M (19.3% margin).
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iRhythm discloses cyber incident with data exfiltration; threat actor demanded payment
Unauthorized activity identified June 8; threat actor demanded payment for not disclosing exfiltrated data including PHI and proprietary info.
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iRhythm settles securities class action for $45M; expects insurance coverage for majority
Settlement payment of $45M to resolve putative class action securities lawsuit (Glazing Employers v. iRhythm Technologies).
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iRhythm shareholders approve 2026 equity plan, elect directors, remove pass-through voting provision
All nine director nominees elected with strong support; no broker votes on most proposals.
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iRhythm Q1 revenue $199.4M (+25.7%), net loss narrows; raises FY2026 outlook
Revenue of $199.4M, up 25.7% YoY; net loss $13.9M ($0.43/sh) vs $30.7M ($0.97/sh) in Q1 2025.
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iRhythm dismisses PwC as auditor, hires KPMG for FY2026
Dismissed PricewaterhouseCoopers LLP as independent auditor on March 30, 2026.
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iRhythm appoints Jason Patten to board; $300K RSU grant
Jason Patten appointed director and Audit Committee member effective March 12, 2026.
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iRhythm posts Q4 net income of $5.6M; first positive GAAP quarter; revenue +27% YoY; guides FY26 rev $870-880M
Q4 revenue $208.9M (+27.1% YoY); GAAP net income $5.6M ($0.17 diluted EPS), first positive quarterly net income in company history.
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iRhythm completes holding company reorganization; new parent iRhythm Holdings successor issuer under IRTC
Formed new parent iRhythm Holdings via merger of iRhythm into wholly owned sub; no stockholder vote required under DGCL Section 251(g).
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iRhythm issues fall 2025 shareholder outreach presentation; no material new details disclosed
Company furnished investor presentation as part of off-season proxy engagement program.
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iRhythm Q3 beat: rev $192.9M up 31% YoY, net loss narrows to $5.2M; FY25 guidance raised
Revenue $192.9M, up 30.7% YoY; gross margin 71.1% (+230bps).
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iRhythm Q2 revenue up 26.1% to $186.7M; net loss narrows to $14.2M; raises FY 2025 guidance
Revenue $186.7M (+26.1% YoY); gross margin 71.2% (+130 bps).
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iRhythm board: Rubash and Snyderman retire; McGinnis and O'Boyle appointed
Mark Rubash (board since 2016) and Ralph Snyderman (board since 2017) resigned effective July 7, 2025; no disagreement cited.
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iRhythm shareholders elect all director nominees, ratify PwC as auditor at 2025 annual meeting
Quorum of 30,038,591 shares (94.1% of eligible) present at May 28, 2025 annual meeting.
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iRhythm Q1 revenue up 20% to $158.7M; raises FY 2025 guidance
Revenue $158.7M (+20.3% YoY); gross margin 68.8% (+250 bps).
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iRhythm Q4 revenue up 24% to $164.3M; net loss narrows to $1.3M; guides FY2025 revenue $675-685M
Q4 revenue $164.3M (+24% YoY); gross margin 70.0% (+410bps). Net loss $1.3M vs $38.7M loss in Q4 2023.
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Director Mojdeh Poul to not seek re-election to iRhythm board at next annual meeting
Mojdeh Poul notified iRhythm she will not stand for re-election when her current term expires.
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iRhythm pre-announces FY2024 revenue above guidance; FY2025 outlook $675M-$685M
FY2024 revenue expected slightly above prior guidance of $587.5M (provided Oct 2024).
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iRhythm removes evergreen provision from 2016 equity plan, amends Code of Conduct
Board approved amendment to 2016 Equity Incentive Plan removing automatic annual share increase (Evergreen Provision).
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iRhythm Q3 revenue $147.5M (+18% YoY); gross margin 68.8% up 260 bps
Revenue $147.5M, up 18% YoY; gross profit $101.5M (+23%); gross margin 68.8% vs 66.2%
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iRhythm issues shareholder engagement presentation; no material new disclosures
Presentation covers business overview, YTD accomplishments, governance, executive compensation, and sustainability.
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iRhythm licenses BioIntelliSense sensor tech for up to $35M + royalties; reaffirms FY2024 guidance
iRhythm pays $15M upfront and up to $20M in milestone payments for an exclusive ACM license of pulse oximetry, accelerometry, and non-invasive BP tech.
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iRhythm Q2 revenue $148M (+19.3% YoY), raises FY24 guidance; names new CFO
Revenue of $148.0M, up 19.3% YoY; gross margin 69.9% (+40 bps YoY).
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iRhythm say-on-pay vote fails with majority against; all 9 directors re-elected
Say-on-pay advisory proposal on NEO compensation rejected: 13.8M for vs 14.5M against.
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iRhythm Q1 revenue $131.9M (+18.4% YoY); net loss widens to $45.7M; raises FY revenue guidance to $578-588M
Revenue $131.9M (+18.4% YoY); gross margin 66.3% (down 160 bps YoY).
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iRhythm closes $661.25M convertible note offering, repays $80.2M existing debt
Issued $661.25M aggregate principal of 1.50% Convertible Senior Notes due 2029, including full $86.25M greenshoe exercise.
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iRhythm prices $575M convertible notes at 1.50%, upsized from $450M
$575M aggregate principal amount of 1.50% Convertible Senior Notes due 2029; upsized from $450M.
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iRhythm proposes $450M convertible senior notes due 2029; repays $80.1M Braidwell loan
Offering $450M aggregate principal of 2029 convertible senior notes, plus $67.5M overallotment option.
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iRhythm Q4 rev $132.5M (+17.7% YoY); net loss $38.7M; FY2024 guidance $575-585M
Revenue $132.5M in Q4 2023, up 17.7% YoY; full-year revenue $492.7M, up 19.9%.
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iRhythm closes $150M Braidwell loan, Q4 registrations +22%, guides FY2024 rev ~$580M
Closed $150M Braidwell term loan (initial $75M funded, $75M delayed draw), interest margin 6.5-6.95%, matures Jan 2029, replaces SVB facility.
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iRhythm amends bylaws for universal proxy rules and DGCL updates
Revised advance notice bylaws requiring additional disclosures from proposing stockholders and nominees.
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iRhythm Q3 2023 revenue $124.6M (+20% YoY); raises FY2023 guidance to $487.5M-$490M
Revenue $124.6M (+20% YoY); net loss $27.1M ($0.89/share) vs $21.5M loss in prior year.
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iRhythm appoints Marc Rosenbaum as Chief Accounting Officer, effective August 11, 2023
Marc Rosenbaum, SVP Finance since May 2023, now also Chief Accounting Officer and principal accounting officer.
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iRhythm grants performance-based RSUs to top executives with target shares and three-year goals
CEO Blackford granted 48,534 target PSUs; CFO, CBLO, CCO, CMO each 13,589 target PSUs.
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iRhythm Q2 revenue $124.1M (+21.6% YoY); narrows net loss; guides FY rev $485-490M
Revenue $124.1M, up 21.6% YoY; gross margin 69.5%, up 70 bps from 68.8%.
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iRhythm appoints Mojdeh Poul and Brian Yoor to Board of Directors
Elected effective June 1, 2023; both will serve on the Audit Committee.
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CEO Quentin Blackford buys $1M worth of iRhythm shares in open market
President and CEO Quentin Blackford purchased 9,755 shares of common stock on June 6, 2023.
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FDA warning letter to iRhythm for Zio AT System quality and reporting violations
FDA alleges non-conformities in medical device reporting and quality system requirements for Zio AT System.
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iRhythm reports 2023 annual meeting results; all director nominees elected
All seven director nominees elected; Bruce Bodaken received 19,685,233 votes for (lowest margin).
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iRhythm reports Q1 revenue $111.4M (+20.6% YoY); updates FY2023 guidance to $480-$490M
Revenue $111.4M (+20.6% YoY); gross margin 67.9%, up 100 bps from 66.9%.
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iRhythm COO Douglas Devine resigns; reaffirms 2023 revenue guidance of $475-485M
Douglas Devine resigned as COO on March 10, 2023; will serve as executive advisor through July 3, 2024.
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iRhythm updates cash position: $54.5M at SVB; affirms sufficient liquidity outside SVB
Held $54.5M in operating accounts at Silicon Valley Bank and $24.4M in money market funds outside SVB as of Dec 31, 2022.
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iRhythm Q4 revenue $112.6M (+37.7% YoY); adjusted EBITDA positive $1.1M; guides 2023 rev $475-485M
Q4 revenue $112.6M (+37.7% YoY); gross margin 69.9% (up 720 bps); net loss $20.2M ($0.67 loss per share) vs $32.5M loss in Q4 2021.
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iRhythm Q3 revenue $103.9M (+21.6% YoY); cuts FY22 revenue guidance to $407-411M
Revenue $103.9M (+21.6% YoY); net loss $21.5M ($0.71/sh) vs $23.7M loss in Q3 2021.
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iRhythm sets $1B revenue target by 2027, reaffirms FY2022 guidance, targets 15% EBITDA margin
Reaffirms FY2022 guidance: revenue $415-420M (29-30% growth), gross margin 68-69%, adjusted EBITDA loss $12.5-17.5M.
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iRhythm Q2 revenue $102.1M (+26% YoY), raises FY22 guidance to $415-420M, loss widens
Revenue $102.1M (+25.6% YoY); gross margin 68.8% (up 0.8pp).
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iRhythm appoints Brice Bobzien CFO (Aug 8); Reyna Fernandez CHRO; Devine stays COO
Appointed Brice Bobzien as CFO effective Aug 8, 2022; Douglas Devine resigns as CFO but remains COO.
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iRhythm CCO David Vort resigns; Chad Patterson appointed; Q2 volumes slightly ahead of guidance
David Vort resigns as CCO effective July 25, 2022, will serve as strategic advisor through March 2023.
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iRhythm elects six directors, ratifies PwC, approves say-on-pay at 2022 annual meeting
All six board nominees elected: Bairey Merz, Rubash, Budig, Talwalkar, Bodaken, Snyderman; each received >17.6M votes for.