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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $132.7M, roughly 1.6× Emerald Holding, Inc.). iRhythm Holdings, Inc. runs the higher net margin — 2.7% vs -22.8%, a 25.4% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 24.3%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $11.7M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs IRTC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $208.9M |
| Net Profit | $-30.2M | $5.6M |
| Gross Margin | — | 70.9% |
| Operating Margin | -11.8% | 1.1% |
| Net Margin | -22.8% | 2.7% |
| Revenue YoY | 24.3% | 27.1% |
| Net Profit YoY | -692.2% | 518.5% |
| EPS (diluted) | $-0.15 | $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 | $132.7M | $208.9M | ||
| Q3 25 | $77.5M | $192.9M | ||
| Q2 25 | $105.5M | $186.7M | ||
| Q1 25 | $147.7M | $158.7M | ||
| Q4 24 | $106.8M | $164.3M | ||
| Q3 24 | $72.6M | $147.5M | ||
| Q2 24 | $86.0M | $148.0M | ||
| Q1 24 | $133.4M | $131.9M |
| Q4 25 | $-30.2M | $5.6M | ||
| Q3 25 | $-14.4M | $-5.2M | ||
| Q2 25 | $-1.4M | $-14.2M | ||
| Q1 25 | $15.3M | $-30.7M | ||
| Q4 24 | $5.1M | $-1.3M | ||
| Q3 24 | $-11.1M | $-46.2M | ||
| Q2 24 | $-2.8M | $-20.1M | ||
| Q1 24 | $11.0M | $-45.7M |
| Q4 25 | — | 70.9% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 68.8% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 68.8% | ||
| Q2 24 | — | 69.9% | ||
| Q1 24 | — | 66.3% |
| Q4 25 | -11.8% | 1.1% | ||
| Q3 25 | -10.1% | -4.4% | ||
| Q2 25 | 9.7% | -10.0% | ||
| Q1 25 | 24.2% | -20.5% | ||
| Q4 24 | 19.5% | -2.5% | ||
| Q3 24 | -6.5% | -34.1% | ||
| Q2 24 | 7.4% | -15.5% | ||
| Q1 24 | 18.2% | -28.9% |
| Q4 25 | -22.8% | 2.7% | ||
| Q3 25 | -18.6% | -2.7% | ||
| Q2 25 | -1.3% | -7.6% | ||
| Q1 25 | 10.4% | -19.3% | ||
| Q4 24 | 4.8% | -0.8% | ||
| Q3 24 | -15.3% | -31.3% | ||
| Q2 24 | -3.3% | -13.6% | ||
| Q1 24 | 8.2% | -34.6% |
| Q4 25 | $-0.15 | $0.18 | ||
| Q3 25 | $-0.07 | $-0.16 | ||
| Q2 25 | $-0.01 | $-0.44 | ||
| Q1 25 | $0.08 | $-0.97 | ||
| Q4 24 | $0.01 | $-0.03 | ||
| Q3 24 | $-0.05 | $-1.48 | ||
| Q2 24 | $-0.03 | $-0.65 | ||
| Q1 24 | $0.00 | $-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 | $100.9M | $583.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $152.7M |
| Total Assets | $1.2B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $583.8M | ||
| Q3 25 | $95.4M | $565.2M | ||
| Q2 25 | $156.4M | $545.5M | ||
| Q1 25 | $276.8M | $520.6M | ||
| Q4 24 | $194.8M | $535.6M | ||
| Q3 24 | $188.9M | $522.0M | ||
| Q2 24 | $193.2M | $561.5M | ||
| Q1 24 | $186.8M | $569.1M |
| Q4 25 | $338.8M | $152.7M | ||
| Q3 25 | $369.5M | $121.9M | ||
| Q2 25 | $389.4M | $103.7M | ||
| Q1 25 | $392.1M | $86.7M | ||
| Q4 24 | $385.9M | $90.9M | ||
| Q3 24 | $391.1M | $71.8M | ||
| Q2 24 | $407.6M | $99.2M | ||
| Q1 24 | $-90.7M | $90.3M |
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.2B | $995.2M | ||
| Q2 25 | $1.2B | $964.0M | ||
| Q1 25 | $1.2B | $926.1M | ||
| Q4 24 | $1.0B | $931.4M | ||
| Q3 24 | $1.1B | $909.7M | ||
| Q2 24 | $1.1B | $919.2M | ||
| Q1 24 | $1.1B | $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 | $12.3M | $26.2M |
| Free Cash FlowOCF − Capex | $11.7M | $14.5M |
| FCF MarginFCF / Revenue | 8.8% | 6.9% |
| Capex IntensityCapex / Revenue | 0.5% | 5.6% |
| Cash ConversionOCF / Net Profit | — | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $26.2M | ||
| Q3 25 | $1.8M | $34.9M | ||
| Q2 25 | $15.9M | $27.7M | ||
| Q1 25 | $12.6M | $-7.9M | ||
| Q4 24 | $20.6M | $19.2M | ||
| Q3 24 | $9.1M | $24.3M | ||
| Q2 24 | $9.8M | $11.8M | ||
| Q1 24 | $7.3M | $-52.0M |
| Q4 25 | $11.7M | $14.5M | ||
| Q3 25 | $1.5M | $20.1M | ||
| Q2 25 | $15.8M | $17.3M | ||
| Q1 25 | $12.4M | $-17.3M | ||
| Q4 24 | $19.9M | $12.4M | ||
| Q3 24 | $9.0M | $15.5M | ||
| Q2 24 | $9.6M | $3.4M | ||
| Q1 24 | $7.0M | $-61.8M |
| Q4 25 | 8.8% | 6.9% | ||
| Q3 25 | 1.9% | 10.4% | ||
| Q2 25 | 15.0% | 9.3% | ||
| Q1 25 | 8.4% | -10.9% | ||
| Q4 24 | 18.6% | 7.5% | ||
| Q3 24 | 12.4% | 10.5% | ||
| Q2 24 | 11.2% | 2.3% | ||
| Q1 24 | 5.2% | -46.8% |
| Q4 25 | 0.5% | 5.6% | ||
| Q3 25 | 0.4% | 7.7% | ||
| Q2 25 | 0.1% | 5.6% | ||
| Q1 25 | 0.1% | 5.9% | ||
| Q4 24 | 0.7% | 4.2% | ||
| Q3 24 | 0.1% | 6.0% | ||
| Q2 24 | 0.2% | 5.7% | ||
| Q1 24 | 0.2% | 7.4% |
| Q4 25 | — | 4.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
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% |
