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Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $124.5M, roughly 1.7× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 2.7%, a 127.1% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 4.7%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $14.5M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 5.9%).
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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
IRTC vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $124.5M |
| Net Profit | $5.6M | $161.6M |
| Gross Margin | 70.9% | 85.3% |
| Operating Margin | 1.1% | 6.5% |
| Net Margin | 2.7% | 129.7% |
| Revenue YoY | 27.1% | 4.7% |
| Net Profit YoY | 518.5% | 2827.7% |
| EPS (diluted) | $0.18 | $1.69 |
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 | $208.9M | $124.5M | ||
| Q3 25 | $192.9M | $123.4M | ||
| Q2 25 | $186.7M | $119.8M | ||
| Q1 25 | $158.7M | $121.4M | ||
| Q4 24 | $164.3M | $118.9M | ||
| Q3 24 | $147.5M | $115.9M | ||
| Q2 24 | $148.0M | $111.2M | ||
| Q1 24 | $131.9M | $111.1M |
| Q4 25 | $5.6M | $161.6M | ||
| Q3 25 | $-5.2M | $9.6M | ||
| Q2 25 | $-14.2M | $-7.2M | ||
| Q1 25 | $-30.7M | $-8.8M | ||
| Q4 24 | $-1.3M | $-5.9M | ||
| Q3 24 | $-46.2M | $-10.9M | ||
| Q2 24 | $-20.1M | $-17.1M | ||
| Q1 24 | $-45.7M | $-28.2M |
| Q4 25 | 70.9% | 85.3% | ||
| Q3 25 | 71.1% | 84.6% | ||
| Q2 25 | 71.2% | 84.0% | ||
| Q1 25 | 68.8% | 83.6% | ||
| Q4 24 | 70.0% | 83.0% | ||
| Q3 24 | 68.8% | 82.7% | ||
| Q2 24 | 69.9% | 82.6% | ||
| Q1 24 | 66.3% | 81.7% |
| Q4 25 | 1.1% | 6.5% | ||
| Q3 25 | -4.4% | 2.9% | ||
| Q2 25 | -10.0% | -8.6% | ||
| Q1 25 | -20.5% | -9.6% | ||
| Q4 24 | -2.5% | -8.7% | ||
| Q3 24 | -34.1% | -13.8% | ||
| Q2 24 | -15.5% | -19.5% | ||
| Q1 24 | -28.9% | -30.1% |
| Q4 25 | 2.7% | 129.7% | ||
| Q3 25 | -2.7% | 7.8% | ||
| Q2 25 | -7.6% | -6.0% | ||
| Q1 25 | -19.3% | -7.2% | ||
| Q4 24 | -0.8% | -5.0% | ||
| Q3 24 | -31.3% | -9.4% | ||
| Q2 24 | -13.6% | -15.4% | ||
| Q1 24 | -34.6% | -25.3% |
| Q4 25 | $0.18 | $1.69 | ||
| Q3 25 | $-0.16 | $0.10 | ||
| Q2 25 | $-0.44 | $-0.07 | ||
| Q1 25 | $-0.97 | $-0.12 | ||
| Q4 24 | $-0.03 | $-0.07 | ||
| Q3 24 | $-1.48 | $-0.14 | ||
| Q2 24 | $-0.65 | $-0.26 | ||
| Q1 24 | $-1.47 | $-0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $583.8M | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $152.7M | $320.5M |
| Total Assets | $1.0B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | $547.8M | ||
| Q3 25 | $565.2M | $567.9M | ||
| Q2 25 | $545.5M | $597.1M | ||
| Q1 25 | $520.6M | $570.8M | ||
| Q4 24 | $535.6M | $542.2M | ||
| Q3 24 | $522.0M | $599.3M | ||
| Q2 24 | $561.5M | $592.8M | ||
| Q1 24 | $569.1M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $152.7M | $320.5M | ||
| Q3 25 | $121.9M | $180.7M | ||
| Q2 25 | $103.7M | $145.7M | ||
| Q1 25 | $86.7M | $129.8M | ||
| Q4 24 | $90.9M | $111.6M | ||
| Q3 24 | $71.8M | $164.7M | ||
| Q2 24 | $99.2M | $174.0M | ||
| Q1 24 | $90.3M | $171.6M |
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $995.2M | $891.5M | ||
| Q2 25 | $964.0M | $926.8M | ||
| Q1 25 | $926.1M | $927.3M | ||
| Q4 24 | $931.4M | $866.8M | ||
| Q3 24 | $909.7M | $916.0M | ||
| Q2 24 | $919.2M | $924.0M | ||
| Q1 24 | $909.8M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $26.2M | $24.8M |
| Free Cash FlowOCF − Capex | $14.5M | $24.1M |
| FCF MarginFCF / Revenue | 6.9% | 19.3% |
| Capex IntensityCapex / Revenue | 5.6% | 0.6% |
| Cash ConversionOCF / Net Profit | 4.70× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $24.8M | ||
| Q3 25 | $34.9M | $34.0M | ||
| Q2 25 | $27.7M | $30.7M | ||
| Q1 25 | $-7.9M | $31.4M | ||
| Q4 24 | $19.2M | $22.1M | ||
| Q3 24 | $24.3M | $35.8M | ||
| Q2 24 | $11.8M | $28.6M | ||
| Q1 24 | $-52.0M | $22.2M |
| Q4 25 | $14.5M | $24.1M | ||
| Q3 25 | $20.1M | $33.1M | ||
| Q2 25 | $17.3M | $30.2M | ||
| Q1 25 | $-17.3M | $30.3M | ||
| Q4 24 | $12.4M | $21.5M | ||
| Q3 24 | $15.5M | $35.1M | ||
| Q2 24 | $3.4M | $28.2M | ||
| Q1 24 | $-61.8M | $21.2M |
| Q4 25 | 6.9% | 19.3% | ||
| Q3 25 | 10.4% | 26.8% | ||
| Q2 25 | 9.3% | 25.2% | ||
| Q1 25 | -10.9% | 24.9% | ||
| Q4 24 | 7.5% | 18.1% | ||
| Q3 24 | 10.5% | 30.3% | ||
| Q2 24 | 2.3% | 25.4% | ||
| Q1 24 | -46.8% | 19.1% |
| Q4 25 | 5.6% | 0.6% | ||
| Q3 25 | 7.7% | 0.7% | ||
| Q2 25 | 5.6% | 0.4% | ||
| Q1 25 | 5.9% | 0.9% | ||
| Q4 24 | 4.2% | 0.5% | ||
| Q3 24 | 6.0% | 0.5% | ||
| Q2 24 | 5.7% | 0.4% | ||
| Q1 24 | 7.4% | 0.9% |
| Q4 25 | 4.70× | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
