iRhythm Q1 revenue jumps 26% to $199M; profitability turns positive amid new DOJ probe

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~2 min read

Key Changes

• high

  Revenue grew 26% YoY to $199M driven by volume increases and improved pricing; Adjusted EBITDA turned positive to $14M from negative $3M, marking profitability milestone as net loss narrowed 55% to $14M.

  MD&A: Financial Performance verify on EDGAR →
• high

  DOJ issued new civil investigative demand in December 2025 targeting Zio AT reimbursement claims, separate from ongoing grand jury subpoenas and privilege dispute—expanding government scrutiny of billing practices.

  Legal Proceedings verify on EDGAR →
• high

  Securities class action narrowed to CEO Blackford only after partial dismissal; case advanced to class certification and mediation in April 2026, reducing but not eliminating litigation exposure.

  Legal Proceedings verify on EDGAR →