vs
Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $208.0M, roughly 1.0× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 2.7%, a 13.6% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs -10.9%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $-74.1M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
IRTC vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $208.0M |
| Net Profit | $5.6M | $33.9M |
| Gross Margin | 70.9% | — |
| Operating Margin | 1.1% | 19.1% |
| Net Margin | 2.7% | 16.3% |
| Revenue YoY | 27.1% | -10.9% |
| Net Profit YoY | 518.5% | -14.2% |
| EPS (diluted) | $0.18 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $192.9M | $216.4M | ||
| Q2 25 | $186.7M | $210.5M | ||
| Q1 25 | $158.7M | $217.9M | ||
| Q4 24 | $164.3M | $233.5M | ||
| Q3 24 | $147.5M | $227.0M | ||
| Q2 24 | $148.0M | $224.4M | ||
| Q1 24 | $131.9M | $222.0M |
| Q4 25 | $5.6M | $33.9M | ||
| Q3 25 | $-5.2M | $31.3M | ||
| Q2 25 | $-14.2M | $42.7M | ||
| Q1 25 | $-30.7M | $28.1M | ||
| Q4 24 | $-1.3M | $39.5M | ||
| Q3 24 | $-46.2M | $49.1M | ||
| Q2 24 | $-20.1M | $26.0M | ||
| Q1 24 | $-45.7M | $37.9M |
| 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 | 1.1% | 19.1% | ||
| Q3 25 | -4.4% | 21.7% | ||
| Q2 25 | -10.0% | 21.5% | ||
| Q1 25 | -20.5% | 16.8% | ||
| Q4 24 | -2.5% | 21.7% | ||
| Q3 24 | -34.1% | 24.3% | ||
| Q2 24 | -15.5% | 19.7% | ||
| Q1 24 | -28.9% | 14.5% |
| Q4 25 | 2.7% | 16.3% | ||
| Q3 25 | -2.7% | 14.5% | ||
| Q2 25 | -7.6% | 20.3% | ||
| Q1 25 | -19.3% | 12.9% | ||
| Q4 24 | -0.8% | 16.9% | ||
| Q3 24 | -31.3% | 21.6% | ||
| Q2 24 | -13.6% | 11.6% | ||
| Q1 24 | -34.6% | 17.1% |
| Q4 25 | $0.18 | $5.15 | ||
| Q3 25 | $-0.16 | $4.65 | ||
| Q2 25 | $-0.44 | $6.12 | ||
| Q1 25 | $-0.97 | $4.05 | ||
| Q4 24 | $-0.03 | $4.65 | ||
| Q3 24 | $-1.48 | $5.71 | ||
| Q2 24 | $-0.65 | $2.43 | ||
| Q1 24 | $-1.47 | $4.10 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $152.7M | $934.0M |
| Total Assets | $1.0B | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | — | ||
| Q3 25 | $565.2M | — | ||
| Q2 25 | $545.5M | — | ||
| Q1 25 | $520.6M | — | ||
| Q4 24 | $535.6M | — | ||
| Q3 24 | $522.0M | — | ||
| Q2 24 | $561.5M | — | ||
| Q1 24 | $569.1M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $152.7M | $934.0M | ||
| Q3 25 | $121.9M | $918.7M | ||
| Q2 25 | $103.7M | $896.4M | ||
| Q1 25 | $86.7M | $893.7M | ||
| Q4 24 | $90.9M | $897.5M | ||
| Q3 24 | $71.8M | $889.0M | ||
| Q2 24 | $99.2M | $868.7M | ||
| Q1 24 | $90.3M | $871.7M |
| Q4 25 | $1.0B | $4.3B | ||
| Q3 25 | $995.2M | $3.9B | ||
| Q2 25 | $964.0M | $3.7B | ||
| Q1 25 | $926.1M | $3.7B | ||
| Q4 24 | $931.4M | $4.0B | ||
| Q3 24 | $909.7M | $3.6B | ||
| Q2 24 | $919.2M | $3.6B | ||
| Q1 24 | $909.8M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $14.5M | $-74.1M |
| FCF MarginFCF / Revenue | 6.9% | -35.6% |
| Capex IntensityCapex / Revenue | 5.6% | 3.3% |
| Cash ConversionOCF / Net Profit | 4.70× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $-67.2M | ||
| Q3 25 | $34.9M | $108.3M | ||
| Q2 25 | $27.7M | $75.8M | ||
| Q1 25 | $-7.9M | $-3.8M | ||
| Q4 24 | $19.2M | $1.8M | ||
| Q3 24 | $24.3M | $69.1M | ||
| Q2 24 | $11.8M | $70.0M | ||
| Q1 24 | $-52.0M | $-34.5M |
| Q4 25 | $14.5M | $-74.1M | ||
| Q3 25 | $20.1M | $106.9M | ||
| Q2 25 | $17.3M | $74.2M | ||
| Q1 25 | $-17.3M | $-6.8M | ||
| Q4 24 | $12.4M | $-3.8M | ||
| Q3 24 | $15.5M | $68.7M | ||
| Q2 24 | $3.4M | $68.6M | ||
| Q1 24 | $-61.8M | $-36.5M |
| Q4 25 | 6.9% | -35.6% | ||
| Q3 25 | 10.4% | 49.4% | ||
| Q2 25 | 9.3% | 35.2% | ||
| Q1 25 | -10.9% | -3.1% | ||
| Q4 24 | 7.5% | -1.6% | ||
| Q3 24 | 10.5% | 30.3% | ||
| Q2 24 | 2.3% | 30.6% | ||
| Q1 24 | -46.8% | -16.4% |
| Q4 25 | 5.6% | 3.3% | ||
| Q3 25 | 7.7% | 0.7% | ||
| Q2 25 | 5.6% | 0.7% | ||
| Q1 25 | 5.9% | 1.4% | ||
| Q4 24 | 4.2% | 2.4% | ||
| Q3 24 | 6.0% | 0.2% | ||
| Q2 24 | 5.7% | 0.6% | ||
| Q1 24 | 7.4% | 0.9% |
| Q4 25 | 4.70× | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | — | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
