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Side-by-side financial comparison of Alarm.com Holdings, Inc. (ALRM) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
Alarm.com Holdings, Inc. is the larger business by last-quarter revenue ($261.7M vs $208.9M, roughly 1.3× iRhythm Holdings, Inc.). Alarm.com Holdings, Inc. runs the higher net margin — 13.2% vs 2.7%, a 10.6% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 8.0%). Alarm.com Holdings, Inc. produced more free cash flow last quarter ($35.1M vs $14.5M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 8.3%).
Alarm.com, Inc. is an American technology company that provides cloud-based services for remote control, home automation, and alarm monitoring services. The company was founded in 2000 as a spinoff from MicroStrategy. The company is based in Tysons, Virginia.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
ALRM vs IRTC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $261.7M | $208.9M |
| Net Profit | $34.6M | $5.6M |
| Gross Margin | 66.0% | 70.9% |
| Operating Margin | 13.4% | 1.1% |
| Net Margin | 13.2% | 2.7% |
| Revenue YoY | 8.0% | 27.1% |
| Net Profit YoY | 14.8% | 518.5% |
| EPS (diluted) | $0.66 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $261.7M | $208.9M | ||
| Q3 25 | $256.4M | $192.9M | ||
| Q2 25 | $254.3M | $186.7M | ||
| Q1 25 | $238.8M | $158.7M | ||
| Q4 24 | $242.2M | $164.3M | ||
| Q3 24 | $240.5M | $147.5M | ||
| Q2 24 | $233.8M | $148.0M | ||
| Q1 24 | $223.3M | $131.9M |
| Q4 25 | $34.6M | $5.6M | ||
| Q3 25 | $35.1M | $-5.2M | ||
| Q2 25 | $34.2M | $-14.2M | ||
| Q1 25 | $27.7M | $-30.7M | ||
| Q4 24 | $30.1M | $-1.3M | ||
| Q3 24 | $36.7M | $-46.2M | ||
| Q2 24 | $33.5M | $-20.1M | ||
| Q1 24 | $23.6M | $-45.7M |
| Q4 25 | 66.0% | 70.9% | ||
| Q3 25 | 65.8% | 71.1% | ||
| Q2 25 | 65.6% | 71.2% | ||
| Q1 25 | 67.2% | 68.8% | ||
| Q4 24 | 65.5% | 70.0% | ||
| Q3 24 | 64.8% | 68.8% | ||
| Q2 24 | 65.2% | 69.9% | ||
| Q1 24 | 65.7% | 66.3% |
| Q4 25 | 13.4% | 1.1% | ||
| Q3 25 | 14.4% | -4.4% | ||
| Q2 25 | 12.6% | -10.0% | ||
| Q1 25 | 12.4% | -20.5% | ||
| Q4 24 | 12.7% | -2.5% | ||
| Q3 24 | 13.8% | -34.1% | ||
| Q2 24 | 11.0% | -15.5% | ||
| Q1 24 | 8.4% | -28.9% |
| Q4 25 | 13.2% | 2.7% | ||
| Q3 25 | 13.7% | -2.7% | ||
| Q2 25 | 13.5% | -7.6% | ||
| Q1 25 | 11.6% | -19.3% | ||
| Q4 24 | 12.4% | -0.8% | ||
| Q3 24 | 15.3% | -31.3% | ||
| Q2 24 | 14.3% | -13.6% | ||
| Q1 24 | 10.6% | -34.6% |
| Q4 25 | $0.66 | $0.18 | ||
| Q3 25 | $0.65 | $-0.16 | ||
| Q2 25 | $0.63 | $-0.44 | ||
| Q1 25 | $0.52 | $-0.97 | ||
| Q4 24 | $0.56 | $-0.03 | ||
| Q3 24 | $0.67 | $-1.48 | ||
| Q2 24 | $0.62 | $-0.65 | ||
| Q1 24 | $0.44 | $-1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.6M | $583.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $848.2M | $152.7M |
| Total Assets | $2.1B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.6M | $583.8M | ||
| Q3 25 | $1.1B | $565.2M | ||
| Q2 25 | $1.0B | $545.5M | ||
| Q1 25 | $1.2B | $520.6M | ||
| Q4 24 | $1.2B | $535.6M | ||
| Q3 24 | $1.2B | $522.0M | ||
| Q2 24 | $1.1B | $561.5M | ||
| Q1 24 | $747.9M | $569.1M |
| Q4 25 | $848.2M | $152.7M | ||
| Q3 25 | $827.2M | $121.9M | ||
| Q2 25 | $797.3M | $103.7M | ||
| Q1 25 | $759.6M | $86.7M | ||
| Q4 24 | $726.5M | $90.9M | ||
| Q3 24 | $690.3M | $71.8M | ||
| Q2 24 | $645.5M | $99.2M | ||
| Q1 24 | $728.1M | $90.3M |
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $2.1B | $995.2M | ||
| Q2 25 | $2.1B | $964.0M | ||
| Q1 25 | $2.1B | $926.1M | ||
| Q4 24 | $2.0B | $931.4M | ||
| Q3 24 | $2.0B | $909.7M | ||
| Q2 24 | $1.9B | $919.2M | ||
| Q1 24 | $1.5B | $909.8M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $35.9M | $26.2M |
| Free Cash FlowOCF − Capex | $35.1M | $14.5M |
| FCF MarginFCF / Revenue | 13.4% | 6.9% |
| Capex IntensityCapex / Revenue | 0.3% | 5.6% |
| Cash ConversionOCF / Net Profit | 1.04× | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $137.0M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.9M | $26.2M | ||
| Q3 25 | $70.6M | $34.9M | ||
| Q2 25 | $22.7M | $27.7M | ||
| Q1 25 | $24.1M | $-7.9M | ||
| Q4 24 | $56.3M | $19.2M | ||
| Q3 24 | $77.3M | $24.3M | ||
| Q2 24 | $23.0M | $11.8M | ||
| Q1 24 | $49.9M | $-52.0M |
| Q4 25 | $35.1M | $14.5M | ||
| Q3 25 | $65.9M | $20.1M | ||
| Q2 25 | $18.2M | $17.3M | ||
| Q1 25 | $17.9M | $-17.3M | ||
| Q4 24 | $54.0M | $12.4M | ||
| Q3 24 | $74.5M | $15.5M | ||
| Q2 24 | $21.0M | $3.4M | ||
| Q1 24 | $46.8M | $-61.8M |
| Q4 25 | 13.4% | 6.9% | ||
| Q3 25 | 25.7% | 10.4% | ||
| Q2 25 | 7.1% | 9.3% | ||
| Q1 25 | 7.5% | -10.9% | ||
| Q4 24 | 22.3% | 7.5% | ||
| Q3 24 | 31.0% | 10.5% | ||
| Q2 24 | 9.0% | 2.3% | ||
| Q1 24 | 21.0% | -46.8% |
| Q4 25 | 0.3% | 5.6% | ||
| Q3 25 | 1.9% | 7.7% | ||
| Q2 25 | 1.8% | 5.6% | ||
| Q1 25 | 2.6% | 5.9% | ||
| Q4 24 | 0.9% | 4.2% | ||
| Q3 24 | 1.2% | 6.0% | ||
| Q2 24 | 0.9% | 5.7% | ||
| Q1 24 | 1.4% | 7.4% |
| Q4 25 | 1.04× | 4.70× | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 1.87× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 2.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALRM
| License And Service | $180.2M | 69% |
| Hardwareand Other Revenue | $81.4M | 31% |
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
